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Wtiusd

Levels to watch in CrudePosting this for those who are interested in Crude and what to anticipate as there is lots of uncertainty around this market. Because of that some major hedge funds prohibited their traders to trade running crude oil contracts. On Market uncertainty - "Bloomberg has reported that only 50% of shale producers have hedged 2021 production compared to 60% that had done so at a comparable point last year. Many producers are finding themselves trapped in a Catch 22 situation. The current WTI price of $32/barrel is still way off the ~$50/barrel that many shale producers require to turn a profit. Hedging at this point would effectively mean foregoing any future price gains and guaranteeing yourself a loss. With production cuts so far working nicely, the recent storage crunch now in the back mirror and economies gradually emerging from lockdown, that appears like a rushed decision. On the other hand, this oil price rally appears to be running on fumes, and failing to hedge means risking even lower prices in the future. For instance, whereas the WTI June contract has rallied some 75% this month, WTI swap for 2021 has only climbed 10%. This essentially means that traders are very unsure whether the gains being made in the crude markets are here to stay." More - oilprice.com
TVC:USOIL
by ICFX
WTI Breakout This one is for those breakout traders. Looks like WTI wants to break out of this downward trendline. If it does there is two setups I would take, one with a conservative TP at $23.4, and one much more of a swing type TP that might have to be held for a prolonged time at $28. An aggressive entry would be with any kind of trendline break around the $19.7 - $20.3 range. A more conservative entry would be to wait for a 4H close above trendline and stack limits down to the trendline for the retest. To each their own, follow your rules and manage risk.
OANDA:WTICOUSDLong
by Chloster
USOIL Short Trade Setup Update! Huge Profits Coming!!Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. Jus follow the video for the update on short trade setup! Analysis: USOIL showed up some continued growth up to the resistance level held at $27 to $28 price level. Now the price showing up some retest after the breakout on strong ascending channel which where it completed 5 impulses within the structure. Now Ill be waiting for a possible bearish signals on top for new short entries. Sketch up your own trade setup before you take off. Good Luck! Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
TVC:USOILShort
by Profitlio_Trading
8
OIL to $5-4 I was right about the flop from $20 to sub $10 so lets go for 2 out of 2. If you are saying oil is easy to plot and chart right now then your are full of rubbish. We have a huge gap to fill and we all know that gaps get filled. I don't see 0 again but I do see very low. I have plotted a supporting trendline to what I SEE as true...many will disagree. Fibs don't lie and this one wants completing...when dropping down the 15m there are some candle sticks and nice wicks around $5-4 showing a potential are of support. why would institutions long at $10-8 when they know that's what the retailer is looking for?! scare everyone out the market, hit them stops, get the bottom price and then boom. OIL isn't worthless until we become a world dependent on electricity.
TVC:USOILLong
by XHRISTIE
1
VIDEO IDEA - WTI/USD - TREND LINE HAS BEEN BROKEN,TIME TO SHORT.Hello guys, please support this work by the LIKE WTI/USD has broken the trend line and now it's great time to take a short. Take a look at the chart for further details. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, Please leave a comment. Please follow the Trading View profile to support my work Make your own analysis before to trade this idea.
OANDA:WTICOUSDShort
by Sato_Naka
Start taking ADVANTAGE of OIL now!If I were to go long, my entry would be placed at $26 as the probability of a successful rebound is high if the market closes above the high of the current candle. I’d set my stop-loss below the structural support level. If the market breaks below to prove my idea wrong, I’ll just accept it and quit with a small loss. And my profit target would be at the upper bound of the monthly support zone. That gives me a decent risk-reward ratio of 1 : 1.76. Pretty good, huh? On the contrary, I’d wait for a market retest of the structural support level to go short. Thus, my entry would be slightly below the support level. And I’d set my stop-loss at the upper bound of the monthly support zone. “Where would your profit target be?” You may ask. Given the current market outlook, I’d just leave it open for now. That yields me a risk-reward ratio of 1: Infinite, for the moment. Long or Short, what’s your take? Read the full articles on JCP fx training platform. Step 1: Download the JCP (for free) at : onelink.to/sjxych Step 2: Go to Trader Lab to read the full articles for more insights.
OANDA:BCOUSD
by Chriis_Liew