Crude Oil | USOIL | XTIUSDCrude Oil is trading on a crucial support near 93 region. If this support is broken next supports are 84 and 76 respectively.
There might not be a sudden break its price might distribute here for some time.
Xti
" USOiL" Sell Trade ( With 300 Pips Target )Pair Name : USOIL
Time Frame : 15 Min
Analysis Type : Scalping Trade
--------------------------------------
➡️ Main Support Level : 92.400
➡️ Main Resistance Level : 98.250
➡️ Time To Entry : After Break Out The Area And Test it
➡️ Target : 91.00 - 88.00 - 85.00
USDWTI H4 - Short SignalUSDWTI H4
Another bearish wave incoming as we have just seen a little spike in the USD taking us above 107.00.
Little bit of support incoming at $96.50/b. But near term targets still sit at lows of $90/b.
Crude Oil [USOIL] Daily Outlook | Jun28Hi Again,
Take a look at the chart and tell me what you think.
I made 158 pips in front of live audience yesterday (27-Jun). Join me during my live trading session to benefit from these moves.
Live Trading Session starts at 8:45AM EST.
Kings
" USOiL" BUY Trade ( With 1500 Pips Target )Pair Name : USOIL
Time Frame : 30 Min
Analysis Type : Scalping Trade
--------------------------------------
➡️ Main Support Level : 100
➡️ Main Resistance Level : 120
➡️ Time To Entry : After Break Out The Area And Test it
➡️ Target : 116 - 118 - 120
➡️ Stop Lose : 150 Pips After Break Out And Test
USOIL 20th JUNE 2022Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish . in July, USOIL sentiment will tend to be bearish .
The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day.
In my view Oil prices are bearish but still not stable. Moderate bearish confirmation has not occurred, because the price has not yet breakout below the support area.
So I will place a buy limit near the support area, with the target not exceeding the weekly resistance which is drawn in the red area.
stop loss as well as sellstop below the support area.
USOIL 14th JUNE 2022Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish. in July, USOIL sentiment will tend to be bearish.
The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day at the 29th OPEC and non-OPEC Ministerial Meeting on June 2, reports the organization’s press service. US President Joe Biden has repeatedly appealed to Saudi Arabia to increase its oil output without success. UK Prime Minister Boris Johnson also asked Saudi Arabia and the United Arab Emirates to boost production. He too was rebuffed.
OIL 18th MAY 2022Based on chart pattern analysis XTIUSD is currently forming a symmetrical triangle pattern, the price broke out above the resistance area, then retested. the price tends to be bullish going forward. Bullish target is up to 115.30 , stop loss if the price returns to the symmetrical triangle area.
xtiusd short Xtiusd short short pattern
Xtiusd is completing its Head and Shoulder pattern
Sell at 108.6
Tp 106
Tp 100
SL 114
USDWTI D1 - Long SetupUSDWTI D1
Mentioned about that daily close... Price confirmation is always relevant to the timeframe analysis. Especially when swing trading using these H4 and D1 zone.
The ultimate buy signal would be to see an engulfing candle from support upon todays daily close. But this may ruin RR potential.
XTIUSD Short (EMA Death Cross)50 Crossing below 200.
Lower Highs printing
Broke below Support
Currently trying to retest
Expecting further downside after Prior Support Rejection
S/R Flip.
WTI XTI USoil Crude Oil Supply And Demand Analysis-Uptrend is still intact.
-correction, impulse, correction, impulse.
-Inflation, war helps the strength in oil.
-WTI up25% for 2022.
-Yes, it's overextended but we still have not
seen sellers take control so with price
at its current location, I will be looking for longs
with confirmation.
Any questions don't hesitate to ask or reach out to me on social media @moneyballaustin
XTI CRUDE OIL SUPPLY AND DEMAND ANALYSIS-Price Continues to grind higher and higher.
-OIL Is up +22% for the year making it one
of the best-performing commodities.
-News on Russia/Ukraine = demand oil.
-Inflation.
-Don't be the idiot trying to sell this thing with no confirmation.
Yes, shorting 1min scalps is fine but I do not recommend
trying to hold a short for over 24 hours.
USDWTI D1 - Bullish SetupUSDWTI D1
Change of bias again on WTI, we didn't manage to close south of resistance last week, 5th bullish weekly candle seen.
Additionally, the daily candle looks like a solid break and retest play with a nice daily wick rejection. I feel we could start to rally towards that $90/barrel price in the near future.
USDWTI D1 - Short SetupUSDWTI D1
Really hoping that this $85/b price holds. We are pushing last years previous high price. Before this, we hadn't seen WTI this high until 2014.
Could see us trade down to around $75/b again before looking to extend higher, this would see a healthy correction from our latest daily extension. We could then look to position ourselves long on certain trading supports and correction zones to break this yearly high.
USDCAD H4 - Short SetupUSDCAD H4
Here is the break we was expecting in line with USD weakness and continued CAD/WTI strength, as WTI broke that $80/barrel, we saw CAD climb in strength.
Looking for the pullback to the broken support (now resistance price) to offer short entries, in line with a solid confluence stack.
usdwti short its making a flag pattern
but its near to the resistance expecting it to fall below
the bull power is weakening so far
Oil Missing leg will take Oil to new highs before a correction on a bigger scale will occur,
im looking to short the Oil when it hits new highs with tight stop losses and a previous wave 4 target.
Nice Buying Opportunity On USOILOil is currently stuck in a range, and is highly likely to breakout to the upside due to demand increases. Be careful of swap/rollover fees
XTIUSD SHORT TRADE 2HR OIL USOIL ENTRY : $59.300
STOP LOSS : $60.300
FIRST TAKE PROFIT : $58.480
RISK : 1% CAPITAL
Once first take profit target is hit i will close half the position. We will then look for continues of trend. As we have more information i will follow up with an analysis on remaining open position.
GL.
Please feel free to comment and discuss.
If you like this idea or traded it with me please like and follow for more ideas.
WTI short / Expecting a ranging marketWTI has earned us plenty of profits during its bullish run that started about 2 weeks ago, but ever since hitting the 2021 top we have moved into more of a ranging market.
We've taken a short and have one more sell order at the upper orange level as there is a chance of a retest and that is where we expect/believe bulls to get "tired" and price to reverse back down.
We see good reasons for most commodities to drop, including XAUUSD and XAGUSD.
As for the reason to short WTI, we have our classic 30% fib resistance, price making lower highs and currently being at the top of its range, it might not be 100% ready right now but we do believe it could be the case soon enough.
