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Wtioil

The 1. Chapter of WTI.Oil - Highly flammableTwo scenarios. One Long. One Short. Fundamentals: - Scenario 1 (Orange arrow) Target: Next resistance level (upper red rectangle ). Recent swing top. Requirments: - Monthly close above the orange rectangle. - Higher swings above it Invalidation / SL: - Fall under orange rectangle AND generating lower swings. Time duration: days, weeks, months, years... ;) Scenario 2 (blue arrow) Target: Next support level Requirments: - break under orange rectangle - break under 50% fib Invalidation / SL: - Break above orange rectangle - No Break under 50% Fib Time duration: days, weeks, months, years... ;) Good luck
TVC:USOIL
by a_tale_of_bulls_and_bears
WTI CRUDE OIL: Channel Down emerging.WTI Crude Oil got rejected on Friday on the former HL trendline which should now be considered a Resistance, rejecting the attempt to resume the uptrend. This turned the 1D timeframe technically bearish (RSI = 41.271, MACD = 0.120, ADX = 25.766) and the 1D MACD Bearish Cross (straight after a Bullish Cross) allows us to attempt a short entry, targeting the 1D MA200 (TP = 78.50). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
4
USOIL WTI Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of the USOIL market, with a primary focus on the prevailing bearish sentiment observed in higher timeframes. Notably, WTI has recently approached a critical support level. Throughout the video, we delve into essential elements of technical analysis, which encompass aspects such as the current trend, price action dynamics, market structure, and various other fundamental components of technical analysis. As we progress through the latter part of the video, we closely examine a potential trading opportunity. It is crucial to emphasize that the information presented here serves exclusively for educational purposes and should not be construed as financial advice. Engaging in currency market trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate risk management strategies into your trading plan.
OANDA:US30USDShort
by fxtraderanthony
WTI CRUDE OIL: Short term sell signal unless this Fib breaks.WTI Crude Oil is on a neutral technical outlook on the 1D timeframe (RSI = 54.002, MACD = 0.110, ADX = 20.935), naturally so as it is ranged between the 1D MA50 and 0.618 Fibonacci level for the past four days. The MACD now formed a Bullish Cross, which gives an edge to buying but only if the 0.618 Fibonacci level breaks. A similar fractal in May-June offered excellent sideways opportunities until the 0.618 Fib broke. Consequently, we are selling (TP = 83.20) for as long as the price is under the 0.618 Fib (and buying the bounces) but will buy if the price crosses over it (TP = 95.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
Crude oil - Elliott Wave CountCrude oil - Elliott Wave Count Certainly, here is the rewritten text: Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining from taking long positions in a bearish market. Instead, it would be prudent to wait for a reversal and take a short position. Please note that this information is for educational purposes only, and it is crucial to trade with caution. TVC:USOIL FX:USOILSPOT BLACKBULL:USOIL.F MCX:CRUDEOIL1! NYMEX:CL1! TVC:USOIL CAPITALCOM:OIL_CRUDE
FX:USOILSPOTShort
by Treda_pro
WTI OIL Channel Up. Short-term sell opportunity.WTI Oil (USOIL) got heavily rejected following our sell signal (see chart below) earlier this month (October 02) after failing to close above the 12-month Double Top: This long-term bearish trade is still valid but on the short-term (4H time-frame) we see another sell opportunity in the making. The Channel Up that is emerging after the price got rejected on the 4H MA200 (orange trend-line) calls for a sell back to the bottom (Higher Lows trend-line) of the pattern. Our target is 83.50 (-5.66 bearish leg as the one before it). The 4H MACD is about to form a Bearish Cross so if the price breaks below the (dashed) Higher Lows trend-line, we will sell the break-out and target the 1W MA50 (red trend-line) at 78.50 (just above Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
4
WTI Long Trading SignalIsrael-Hamas Conflict Fuels Uncertainty in Crude Market. Oil prices rise amid Israel-Hamas conflict, with risks of surpassing $100 and potential U.S. sanctions on Iran adding to market volatility. 1. The price closed above the Trend Magic Indicator line. Strong long signal. 2. Vortex will cross and indicates strong uptrend signal. SL - below the Trend Magic Indicator line or Vortex indicator change trend direction signal TP- 94.90 Keep It Simple and Always Trade With the Trend! Please, Support Our Work with Like & Comment! Thank You!
OANDA:WTICOUSDLong
by ForexWithTsanev
Dirty practices of corporate forecasts portrayed in the mediaOn Tuesday, we touched on the subject of corporate forecasts in the oil market portrayed in the media. In fact, we remarked how the recent announcements of ultra-bullish forecasts were very reminiscent of the 2022 oil market top and that we were pretty skeptical about the rally's sustainability (though we warned about this on a different platform three weeks sooner). Fast forward to today, and we can see that oil is down from nearly $95 a week ago to less than $84 today (down more than 12%). With this price action following recent upgrades for the oil price by various financial entities, we would like to point out a few similar news articles in the past, which often preceded the trend reversal to the opposite direction of the forecast. While we can only speculate whether it is intentional or not, we have seen these practices taking place for years, with big players coming to tell retail investors to buy near the market top or sell near the market bottom. The following presentation aims to advocate that one should always do their own research rather than rely on the opinion of others whose true intent or trading strategy is unknown. Illustration 1.01 Illustration 1.01 shows some of JP Morgan’s forecasts in the past year or so, written as articles published by various media outlets (keep in mind that we are not showing all of the forecasts; there were some that were actually fulfilled). Illustration 1.02 Illustration 1.02 displays more corporate forecasts from JP Morgan. Technical analysis Daily time frame = Bearish Weekly time frame = Neutral (turning slightly bearish) Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
20
WTI OIL Rising prices are here to stay for years to comeUnderstanding WTI Oil (USOIL) on the larger, long-term time-frames such as the 1W or 1M charts can broader your perspective and allow you to consider market dynamics that you never thought they were possible to affect the trend. From time to time we tend to make such studies in order to give you an idea of how the long-term trend may be shaped. Example of such pieces of publications include the following, where a slow down on the Oil rise allowed us to realize that inflation peaked and get a timely sell: Or the following that got as a timely buy while the price was still at $69.20 to target $100 after a break above the 13 year Lower Highs Resistance: ** Why is Oil rising now? ** On today's study we look into the 1M time-frame and attempt to explain the current non-stop rise (completed 4 straight green 1M candles) that has taken most of the market by surprise. Let's start by acknowledging that it started on strong foundation as the 1M MA50 (blue trend-line) held on 3 separate tests. The 1M MA100 (green trend-line) that was formerly the Resistance (had 2 emphatic rejections on June and October 2018) since October 2014, has been holding as Support since the April 2021 bullish break-out. ** The MA levels, Inflation and comparison with DotCom ** At the same time it is the first time we have all three 1M MA50, 1M MA100 and 1M MA200 (orange trend-line) squeezed so close to each other since late 2001. That was during the DotCom Bubble burst. As you can see, the patterns of now and then aren't all that different. In our time the market is attempting a recovery from the Inflation Crisis, coming off a war and the generational COVID crash (that led to the inflation crisis of course). The 1M RSI fractals have started and peaked on similar oversold and overbought levels respectively, while holding on their strong corrections the 0.786 Fibonacci level. Similar situation with the 1M MACD, Oil is about to form the 2nd Bullish Cross of the fractal, placing us in relative time terms to the 2002 rise. ** Importance of MACD and conclusion ** Similar oversold 1M MACD Bullish Crosses were during the 2016 Oil crisis (May) and in the aftermath of the 2008/09 Housing Crisis (October 2009). As a result, in our humble view, if Oil completes that Bullish Cross, it will give the market a signal that the price will continue to rise for many years to come (unless of course a higher fundamental intervention takes place). In conclusion, this shouldn't surprise us, as Oil has risen along with stocks following such Bear markets. Do you also expect rising Oil prices in the near future? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
3
WTI OIL Huge Cup and Handle?WTI Oil (USOIL) hit and broke last week the 93.75 Resistance (which was the October 10 & November 07 2022 Highs) but failed to stay above it and got aggressively rejected back below it. This emphatic rejection indicates that as long as the price doesn't close a 1W candle above the Resistance, the short-term trend has more probabilities of being bearish. ** Cup and Handle ** We often like to view our financial assets on a more long-term scale using larger time-frames. We can claim that the recent Channel Up since June has completed a Cup formation. What technically follows within this pattern is the formation of the Handle. If Oil is indeed trading on the Cup and Handle (C&H) pattern, then once the bottom of the Channel Up breaks (assuming we keep closing below the 93.75 level), it can start the formation of the Handle part. ** The importance of the MA levels ** This 1W chart shows also the important that the 1W MA50 (blue trend-line), 1W MA100 (green trend-line) and 1W MA200 (orange trend-line) have been having in the past year or so. They act as Supports until broken and move to the next one and similarly as Resistances. As you can see the current bull run since June started after the 1W MA200 held repeatedly (closed above it 7 candles despite hitting and breaking it), then broke above the 1W MA50 that was holding since August 2022 and 1W MA100 that was holding since November 2022. ** So what's the target? Fibs in play? ** So as long as the conditions mentioned above are met and Oil starts forming the Handle, you can use the 1W MA100 (closing below it) as the break-out sell signal and target the 1W MA50 at $80.00. This is marginally above the 0.5 Fibonacci retracement level, which has its own fair share of importance. Notice that the 1W RSI is just below the 70.00 overbought barrier. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
6
WTI CRUDE OIL Channel Up top and 11month Resistance rejection.WTI Crude Oil / USOIL has completed 2 red 1day candles for the first time since August 23rd. This is after the formation of a new Higher High on the three month Channel Up pattern. In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022. With the 1day MACD about to close a Sell Cross, we couldn't have a steadier sell combination than that. Sell and target 85.00 (bottom of Channel Up and expected contact with the 1day MA50). Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
6
WTI OIL, Develops Main Ascending-Wedge, Breakout Incoming!Hello, Welcome to this analysis about WTI OIL, we are looking at the 4-hour timeframe perspectives. On the weekly timeframe, WTI OIL is approaching a historical level at the 75 zones and besides that, I discovered important signs that will be a determining source for WTI OIL on the more local 4-hour timeframe perspectives. Currently, it is important to do not underestimate the upcoming bearish possibilities as WTI OIL moved into increased overbought conditions on the daily as well on the more local timeframe perspectives, this is why it should be definitely positive to be prepared on potential changes of direction and do not take up the bullish approach forever to do not get overwhelmed when the market conditions and volatility direction alters. As I discovered now and when looking at my chart we can watch there how WTI OIL build up this massive ascending-wedge-formation in the structure marked with the boundaries in black and the coherent wave-count within. The wave counts almost already completed with the waves reaching from A to E in the structure and pulling back from the upper boundary, this is why continued entry of supply is possible here and should be expected in the next times. Such a formation is in almost most occasions a formation indicating a bearish reversal with heavily increased volatility to the downside when it completes. This is what should be also expected here. Taking these factors into the consideration now WTI OIL is likely to complete the main decisive ascending-wedge-formation in the next times when price-action breaks out below the lower-boundary and closes there as it is marked in my chart. Such a price-action will complete the whole formation and will be the setup for bearish continuations to the downside with the activation of the main lower target and support-zone marked in blue where the situation needs to be elevated anew. For now, it is necessary to anticipate potential increased bearishness within the next times and to do not keep the resulting volatility that can increase out of it from the desk, it will be an important development ahead. In this manner, thank you for watching my analysis about WTI OIL and the massive ascending-wedge which is likely to complete in the next times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
TVC:USOIL
by VincePrince
2
WTI CRUDE OIL: Double Buy entry on this Channel Up.WTI Crude Oil hit the HL trendline inside the 1H Channel Up pattern, which was enough to turn the 1H technical outlook bearish (RSI = 37.852, MACD = 0.140, ADX = 31.002). A 1H RSI that low has previously been a buy entry two days ago. The lowest it has been during this Channel Up was 35.400. In response to the above, we deem the HL hold good enough to make a first buy attempt and target the top of the Channel (TP = 92.00) on another +3.21% increase. If the price crosses under the HL we will make a second buy attempt at the bottom of the Channel Up (assuming the 1H MA200 holds) and target the 0.382 - 0.236 Fibonacci range on R1 (TP = 91.10) ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
2
USOIL: Range shock, high Sell opportunitySince I expressed my opinion, I have published a total of 3 articles, all of which have ended in profit. The winning rate currently remains at 100%. I hope it can continue to be maintained and point out a clear direction for everyone. Recently, crude oil has been fluctuating within the range of 86.10-87.9. This oscillating trend has lasted for several days, and there is no sign of a breakthrough for the time being. The only way to achieve a breakthrough is to see how tomorrow's EIA data performs. Before that, we can just keep selling high and buying low. At present, crude oil has reached a high of 87.9 again, and the opportunity to short is rare, so I am prepared to sell here and set two targets, 86.8 and 86.1.
TVC:USOILShort
by Nick_John
USOIL Short for the next 9 monthsGood morning traders Monthly timeframe- I noticed that XTIUSD/ USCrude Oil is currently overbought on the RSI furthermore we see this month's candle rejecting on our resistance level. The massive resistance signals that we will open the next month bullish however the month of April will close bearish. Following the successful double bottom trade we took, I now anticipate a retest on the neckline of our double bottom before we return on our bullish rally. I am now placing a sell stop to take my profits in the three listed prices.
TVC:USOILShort
by Mezzoforte_Privilege
3
WTI OIL Pull-back and final buy opportunity before +$93.00.WTI Oil (USOIL) is trading within a Channel Up pattern since early June with the 1D MA50 (red trend-line) supporting since July 06. Based on the 4H MACD, the price is pulling back at the moment to test the 4H MA50 (blue trend-line) as Support, similar to July 17. If it holds, it will be the final bullish sequence to test the 93.75 Resistance (October 10 & November 07 2022 Double Top), so we will buy and target 93.00. If not, the last opportunity will remain at the bottom of the Channel Up and on the 1D MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
8
Crude oil trend analysis Crude oil showed a bottom-out trend on Wednesday. The low point stabilized and rose at the 81.0 level, and the highest point put pressure on $81.8. The daily trend chart of crude oil shows that the big positive line has risen again, breaking through the previous day's cross star high, and the bulls have been extended; from the short-term trend, the Bollinger Bands opened downward, and after the oil price touched the 77.5 level for the second time, Oil prices are operating in an upward trend. After the oil price above encountered resistance and retreated at the 84.7 line, the oil price faced adjustment, with the neckline at 81.7-82.0 US dollars. After further breakthrough, crude oil bulls will test the previous high. In the upward trend of crude oil shocks, 80.3 is the watershed between long and short trends. The upper part focuses on the resistance of 82.0-83.0 US dollars, and the lower part focuses on the support of 80.3-81. Share free trading signals every day, if you need, please join me
TVC:USOILLong
by Tony_barry
WTI OIL Rejection on the 4H MA50, sell if the 4H MA200 breaks.WTI Oil (USOIL) got emphatically rejected yesterday on the 4H MA50 (blue trend-line) and formed another Lower High on the emerging Channel Down. The price is now approaching the 4H MA200 (orange trend-line) on an additional sell signal as the 4H MACD just completed a Bearish Cross, the first since the one that started this correction at the top on August 10. As a result, we are waiting for this bearish continuation confirmation, and will sell after a 4H candle closing below the 4H MA200. Our target will by 76.00 (just above the 1D MA50 (red trend-line)). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
1