Get started

Wtiusd

WTI Oil Hi I have become interesting with WTI Oil chart. Similar situation you can observe on Bitcoin chart but on the opposite site of the chart. According to GWT (shown analysis are based on it) price must make three swing: first primary swing, secondary swing and second primary swing. But what we see on the chart are formations of only two swing. They become smaller and smaller. Trough of each swing is higher from the previous one and peaks are lower from the previous. We should expect huge price explosion on the end of this strange cycle. The next SR level 69.32 is at 50% of the long candle. Momentum is sliding to the down side with reasonable strength. Momentum Support line (on RSI) should give hard time to changing direction momentum. Price remains inside brown channel. last peak almost reaches upper line of rising brown channel. Let’s monitor this market, it will be interesting to see what this unique swing configuration will bring at the end. please write any comments if you have one. cheers, Jim
TVC:USOIL
by jimmycdn
5
USOIL 1H TRIANGLEpullbacked to the triangle Feel free to share your toughts! This is a new concept of chart so please give a like if you have 2 seconds! Well if you are looking my signature please do me a favor let me tell you my story if you have 2 minutes! I'm from France, I was born in Paris suburbs and leave in Lille actually, I'm 21 years old! Ex law student, ex because I quit law school. My parents wanted I be a lawyer, a doctor, an engineer or an other very good job. I Know how it is to be wondering how we can end the month. How it is to be to work many many and many hours for practically nothing. How it is to be wondering how we can ensure the next years of our parents. Now I decided to work on the way I like. I decided to be financially independent, take my responsibilities. I'm in the game for near 2 years, I was wojacked a lot of time, we all have a wojack inside. Now I want you to look at the future! I want you to think what you will do when you will be leave of this futilities just let your imagination come! when you will be finally breathing after so much road! The misery ends now! For this I create a simple method composed of multiple technical and psychological indicators that providing me really good results! Making money day and night, week and week end.To reach my goal and realize all my dreams and make happy my family and my friends I'm young so I have to learn a lot of things to achieve what I desire. I'm not giving you false hope. But I'm promising you I will do the necessary to make the dream come true. If you are searching to be financial independent too or if you just want to make more money, you have to follow me I'm giving you a plan to liberty. I give you fishes and the methods to catch the fishes! little, medium and big! Cheers!
OANDA:WTICOUSDShort
by jeanneymar011001
Oil 4H Chart: Passes short term supportThe price for crude oil has passed the previously described support line, which kept the commodity up during the most part of July. Due to the event a couple of updates can be mentioned. First is the fact that the rate is heading to the lower trend line of the most dominant ascending channel pattern, which represents the surge of the oil price that was caused by the OPEC production cuts. Secondly, a medium term, about to be broken channel down pattern has been charted. This pattern is set to be broken in the future. However, it might provide notable resistance until the middle of August.
FX_IDC:USDWTI
by UnknownUnicorn890690
Crude Oil Chart for week starting 20th August 2018 [BTFD]As we inspect oil prices after last weeks strong USD forcing Oil to come down in price as well as some news effecting this too. gotta few key levels after using a fresh Fibonacci retracement on the previously formed lows from last week for the bulls we really want to see Oil come up and close above $68.6 with support from the 0.386fib level, this could push up if the DXY/USD starts showing weakness after its recent rise and targeting $73+ as an exit price, we see a trendline possibly stopping any further increases on the bears side, i feel the price needs to fake out on going above the fib levels and showing clear resistance on price, if it falls under $67 and cannot get up over these levels then its possible especially with a strong US dollar forcing oils price downwards breaking the trend lines to possible bottoms of $58-$56 to eye up targets on a short position.... any Q's please contact BTFD group in Telegram below
TVC:USOIL
by majorlee
2
WTI Long EntryYesterday’s analysis: Support Cluster from Ichimoku Cloud, Bollinger Band, and trendline. Visible range > monthly 9. Just noticed that a monthly 9 preceded the last bubble. Patterns: Pitchfork Horizontal support and resistance: S: $67.10 R: $69.28 12 & 26 EMA’s (calculate % difference): 12: -4.41% 26: -3.21% MA crossovers: Bearish cross on 1h preceded sell off. Recent bullish cross on the weekly. FIB’s: 0.381 at $77.28 | 0.236 at $60.72 | 0.5 at $90.67 Candlestick analysis: Waiting for consolidation Ichimoku Cloud: D: fully bullish, expecting cloud to act as support at $68 W: Tenkan at $67.68 and starting to develop a c clamp TD' Sequential: 3d has called the last two tops. Shows major support at $66.13 and resistance at $72.37. Red 8 on the daily tells me to get fully positioned before tomorrow’s close. Currently bouncing off red 9 on the 1 hour. If we break back above $69.50 then it will be time to seriously consider entering. Visible Range: Good support at this level with very little built up resistance until $90. 50 & 200 MA’s (calculate % difference): 50: -1.65% 200: +8.22% 50 just started to angle downward. 50 period MA on 3d chart has been a final line of support for the bulls. Bollinger Bands: 1W: MA at $67.55. Bottom band lines up with 50 week MA very nicely. 3D: just cross MA to the downside. 1D: Wider than we have seen it in years. Bottom band is angling sharply upward. Trendline: Bottom end up bull trend at $66.23 Daily Trend: Bearish since 7/5 Fractals: DOWN = $63.6 UP = $74.75 Volume: Lowest volume we have seen since 11/23/2017 “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterBrandt Yard line of trend: Start: $42 Target: $90 Field Lenge: $52 Current Price: $68.35 Yardline: 50 Conclusion: Volume has sharply decreased since 7/12 as price has pulled back. This indicates a dwindling amount of supply at these price levels. Visible range volume profile shows very little resistance between current price levels and $90. Recent bullish cross on weekly is a very good confirmation that this trend has room to go. There will be a support cluster from $67 - $69 due to: trendline, kumo support from daily Ichimoku Cloud, Visible Range Volume Profile, prior horizontal resistance turning into support. Bottom band of the daily BB, and the MA from the weekly BB. Red 8 on the daily TD' Sequential tells me to get fully positioned before tomorrow's close. Order currently set at $67.51. If price does not get there then I will be buying the next consolidation.
OANDA:WTICOUSDLong
by Sawcruhteez
1
WTI further downside.. crucial week to test long-term trend..Last week, market is concerned on additional crude oil supply from OPEC and Russia in 2H18. We expect WTI will pose further downside next week. And we expect next week is crucial to the medium-term uptrend of crude oil because: i) WTI has never fallen below 100MA since early Sep. Currently, 100MA was around US$65.1. ii) WTI has been growing under an uptrend channel and the lower boundary was around US$66.0. Thus, we expect WTI will further go down and test the US$65-66 range, which is a key support range. As crude oil inventory remains below 5-year average, we remains our medium term positive view on WTI and expect WTI should find support at the US$65-66 level.
TVC:USOILShort
by WallaceCheung