Wtiusd
OIL Prepare To Wake UpGood morning traders, as you see on the chart H4 above, this pair will be break up soon.....
Is OIL heading back to 56.7 ? Trade idea 3 June 2019. Oil is due for retracement if 52 price level is heavily supported with a hammer candlestick close today. A retracement back to the 56 level is very likely possible. A sell limit at 56.7 is a good trend continuation trade.
FX TRAIT: CRUDE OUTLOOK CRUDE OIL: OUTLOOK AMIDST TRADE WAR AND OPEC MEETING
Taking a look into crude ahead of the weekly inventory report.
Amidst the Trade-War, Crude appears to have held firm on its support at the 57.00 benchmark, taking a full retracement from the 61.8% fibo.
We are expecting to see a further decline in price towards $55.00/Bar. As oversupply and trade war still pose a massive threat on the black gold commodity.
Opec Meeting still in review by next month 25th which will determine if the decline may continue further down or balance will be seen.
As of now crude is still bearish, but investors are keenly advised to pay good attention the levels and make good use of money management while keeping positions opened.
FX-TRAIT ANALYSIS REPORT
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OIL CRAWLING BACK TO 61.5 LEVEL? 30 May 2019 Yesterday we had a hammer closing candle. Oil might be gathering bullish momentum depending on today's closing candle. A bullish candle will show us that price is heading back to 61.5 level. Watching today closely! Watch 61.5 level closely, a sell limit over there is a trend continuation trade and will highly work for you. Trade with the tide and not against the tide.
WTI LONGFibo confluence,
Bear flag voided,
Double Bottom at 57.3
Entry-Above bear flag
T.P-59.8
S.L-58.005
Bearish Momentum for OIL? 24 May 2019. With 23 May closing with almost a loss of 5% , we can observe that bullish momentum is losing its steam. We might see a retracement back to the previous support near resistance and play accordingly.
SIMPLE... Thank me later.We are looking at price making a move into our resistance area ( green zone ) As you can see it has been used as strong resistance before and we have some high impact CAD and USD news due out this week which could push price into this zone sooner rather than later, because as you should know if you trade oil that oil has a negative correlation with USD CAD so When oil goes up, USD/CAD goes down. When oil goes down, USD/CAD goes up.
So its pretty simple really...
WTIUSD short SetupMarket is testing Trendline. Bearish pressure is strong and likely to breakout. Formation of bearish flag is in process of M15 and we will enter on break of the flag.
Risk to reward is 1:2
WTI Short Opportunity For SwingtradePrices at 61.8 Fibo on weekly, touching ancient support zones, now resistance.
Opec+ member Russia now admiting some production rise by June.
Price targeting previous consolidation zone, with an acceptable R/R = 2.
Correction can start from herePlease check the link below, this is follow up of the same idea
I sold at 58.58 SL: BE TP: 50
Crude oil new higher highOil price is in strong bullish trend . Right now it is in a minor correction but as price continue to trend oil price could possible check the resistance line on $60.65 area.
WTIUSD short opportunity HUGE rising wedge.Huge rising wedge. Double top for WTI where the previous resistance was during the previous downtrend. Should see a drop. Will short once we get a break and close below the support zone. First target will be the green box.
Good opportunity.
USDWTI long setupI'm not feeling that much confident with this trade that's why I'm planning to risk only 1% of my account. I'm going to trade WTI in CFD. I will then add more lots if i see price goes in my direction.
The problem is; USDWTI closed the final bar below my support
Disclaimer: Not a financial advice.
Trade safe
Atilla
Crude Oil possible few pips move.Crude Oil is reversing on strong support zone between 55.85 and 55.68. If oil price break that price strong downtrend can be expected. If it holds we can test the strong resistance zone between 57.45 and NOV16 resistance.
FILL UP YOUR CARSAs you can see price is sitting at good support and has had its 3rd bounce off a well respected trend line... so we are going long.
Run out and fill your cars up now if you don't want to be ripped off ;p maybe take a few tankers and fill them up also so you can sell fuel at a premium price when prices do rocket ( don't do this as I'm sure there is laws against it... or if you do it don't get caught ;p ) This is just my business brain working overtime haha.
Crude Oil sell opportunity Bearish RSI divergence and strong resistance line signaling the oil price to go down. It is relatively risky trade because of the going against the strong up trend.
WTICOUSD SELL (WEST TEXAS OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. But first price needs to complete one more move to the downside.
So, watch strong price action at the current price for sell.
