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Wtishort

WTIUSD OIL bearish mediumtermWTIUSD OIL bearish WTI broke below a key long-term pennant that had been squeezing the price action earlier in the week, with some technicians taking this as a sign that WTI will fall back towards support in the $90 area. Projection would be 60. But on Mediumterm i think we will have conditions to go to 93.50 or 90.00. Would be our targets. I will be a false breakout we will recover to retest ma50 4h near 102 area. For now seems we retested today the pennant and we have conditions to have an impulse to the downside. Targets. Supports, Resistances on chart. I will love to read your comments. Please put a like, join use following and give us your comment. Be carefull, patient and discipline. ❗ DISCLAIMER ❗ This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. You deserve the profit and you are responsible for your potential loss. Only you can be responsible for your trading. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage. Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
OANDA:WTICOUSDShort
by miketiger
WTI: Flying SquirrelFlying squirrels are not, in fact, able to fly but rather glide from tree to tree, using their extended skin that stretches from their arms to their legs. Just like one of those flying squirrels, WTI has jumped off the retracement at $115.78, where it has finished wave b in orange, and is currently gliding downwards in the direction of the support at $80.98. After it has completed wave (A) in white in this region, WTI should temporarily gain some new momentum, spreading its parachute-like skin again for a countermovement in wave (B) in white. Then, it should continue to float into the green treetop between $70.12 and $35.77 to conclude wave (C) in white, wave c in orange and wave 2 in green.
NYMEX:CL1!Short
by MarketIntel
WTI: Fast and Furious 🏎🏎🏎After its racy rush upwards into the red zone between $111.46 and $131.21, WTI has slammed on the brakes at the resistance line at $130.50 and turned around with screeching tires to race down into the orange zone between $96.40 and $88.38. There, WTI should finish wave a in orange and then ride a short loop upwards to complete wave b in orange. After this daring feat, the drive should go on downwards below the support at $80.98 and into the green zone between $70.12 and $35.77.
NYMEX:CL1!Short
by MarketIntel
1
💡Don't miss the great sell opportunity in WTITrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (91.59). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . WTI is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 46. Take Profits: TP1= @ 88.03 TP2= @ 85.92 TP3= @ 82.64 TP4= @ 80.02 TP5= @ 77.42 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BLACKBULL:WTIShort
by ForecastCity_World
4
💡Don't miss the great sell opportunity in WTITrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (91.59). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . WTI is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 47. Take Profits: TP1= @ 88.03 TP2= @ 85.92 TP3= @ 82.64 TP4= @ 80.02 TP5= @ 77.42 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BLACKBULL:WTIShort
by ForecastCity
3
A bit more patience for an awesome short XTIUSD (WTI crude)As you can see from my weekly chart, price is within a multi-year S/R zone. The daily chart shows repeated attempts to break above the zone since end of June, but failing each time. IMO, we are witnessing another effort by the bulls and we will likely see them fail again. I will be looking for a daily close below the zone, it will also be important to see this happen with some momentum, large bearish candles, more wicks to the upside…. all will support my bearish view. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
FXOPEN:XTIUSDShort
by Trading_Vista
Good time to short XTIUSD (WTI crude) 06 Sep, 2021As you can see from my daily chart, after reaching a high in early July, this pair is forming a sequence of lower highs/lower lows. The recent high of 76.53 is actually a double top (scroll back to 30 Sep 2018). After bouncing off the support at 61.700, we had a pullback to 70.500. This level (area) acted as minor support/resistance during the past few months. This pullback to a previous significant level is encouraging to me – it shows a structure in the price action. In my opinion, we could be seeing the start of a bearish trend and would be ready to take a short either at current levels or better still a small pullback to 70.500. Either way, we have a good R/R whether we target the 61.700 or 53.920 region. It is important to limit the loss in case this analysis is wrong, my stop will probably be located at 72.100 area. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
XShort
by Trading_Vista
WTI Crude Oil.. Analysis..Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news. Daily Classical Pivot Points. Last Updated: Apr 25, 2021
TVC:USOILLong
by paklahvlog
2
WTI crude should start descending the week of 19 April, 2021The most significant levels are marked on my weekly chart above. The high of 74.50 was achieved late in 2019 but I don't think we are going to get there this time. The area around 63.50 was reached 2 times in the recent past but it held firm each time. Now we have been there again, the bulls did break above but were quickly defeated creating what we traders call a false break. The last weekly candle has tested the 63.50 from below and I think we are ready for a nice bearish move. s3.tradingview.com Taking a look at the daily price action, we can see that the break above was quickly overcome by a large bearish candle. It is the largest bearish candle in the entire chart in view and that tells me that the bears did take over control. The following price action is a consolidation, rather weak judging by how much time it has taken to recover the territory gained earlier by the bears. I am ready to take a short as soon as the market stabilizes on Monday with an initial target to the bottom of this equidistant channel. I will watch PA if this works out, possibly to extend my target to the 52.00 area. Even with the higher target we have a 3.50 or 4.00 R trade. Please give my analysis a "thumbs up" if you like it. As always, please use sound money and risk management in all your trades.
TVC:USOILShort
by Trading_Vista
2