Xtiusd
CRUDE OIL - Detailed Video Top-Down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Oil next down movementHi everyone,
As i mentioned in the past, oil rallied as expected to the target mentioned 50-58, now it will be time to sell it down to 30 usd
Good luck
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.
Oil Decline is suspected in Coming sessions.Oil is reaching its resistance which is around 48. The second Covid wave is more deadly which is affecting the world. Oil prices will drop down more.
How to use OBVOn Balance Volume can be a powerful tool to confirm price turns before they happen, especially in commodities and commodities-related pairs, such as CAD.
Here you can observe it for yourself on Crude Oil weekly chart. The drop in crude was quite predictable as you see.
oiloil is creating lowe lows lower highs in lower timeframes. short term im looking for sells with target 40.00
USOIL Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: USOIL is sitting around a strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: USOIL formed a valid trendline in red
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: If a new blue dot is formed around our lower red trendline, then we will update our gray area.
Good luck!
oiloil breaks a str0ng resistance. retest is holding very well. candel are closed still bullish.
target 43.00
CRUDE OIL video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Oil Buy Zone Near 37.50 price Zone, Next Target 43.00Oil Buy Limit n@ 37.50
Sl: 36.50
TP1: 39.00
TP2: 40.50
TP3: 41.50
TP4: 43.00
CRUDE OIL video top-down AnalysisHello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
OIL - Wick EntryI would be nice to attempt to get a wick entry from key previous structure down to the next key zone marked. Let's see if we get a significant pullback followed by rejections before we consider a sell.
Bullish exhaustionPrice formed a sort of an apex - liquidity block and very soon there will be breakdown or breakout from that box. From very weak bullish rise we can see that bids are exhausted and price should seek liquidity lower running down to the next major liquidity base to fill that low steam bid rise.
Top Absolute Correlation 1 Day
1 XTIUSD - XBRUSD 98.6%
2 XTIUSD - GBPNZD 74.6%
3 XTIUSD - GBPCAD 68.2%
4 XTIUSD - GBPAUD 67.9%
5 XTIUSD - GBPMXN 67.2%
6 XTIUSD - GBPSGD 66.9%
7 XTIUSD - GBPUSD 64.1%
8 XTIUSD - EURGBP -63.4%
9 XTIUSD - EURCZK -62.5%
10 XTIUSD - GBPJPY 61.0%
DOUBLE BOTTOM IN OIL + EMA resistancesGood day friends..Give us a thumbs up if you like our idea.Follow my profile to get new ideas and trade setups everyday
OIL
Due to the weaker demand in the Global market Oil felled towards the 36.12 which is the September low and then its formed a triangle pattern and went bullish up to 41.43 and traded in a range from September 17 to October 01 and again felled towards 36.63 and formed a dissimilar double bottom
Currently the 200 EMA is acting as resistance for the bull and 50,100 EMA is acting as support for the bull. And my bias is towards the bullish side and the primary target would be around 43.00 which is a swing high area stop lose may placed below the 38.45 price action level
OIL is currently in a consolidation phase if the price well above the 39.50 psychological level we can buy the oil.
Disclaimer
Its a forecast of the next expected moves Not a financial advice
Oil 61.8 FIB met. Time to ShortPERFECT 61.8 FIB rejection. Time to short down to 36.5-37. Full target $34. Simple charting Pays
USOIL WTI BUY AFTER BREAKOUT CONFIRMATIONus oil is trading inside a triangle we expected a bullish breakout and buy usoil more as demand is increasing after opening lock-down all around the world
Do you have any TRADING related QUESTIONS?Price is currently in a good BUY zone, this area has previously been used as strong resistance which has now turned into support, so i am expecting bulls to step back in and push price higher from here. If you do take a trade from this you can keep a tight stop loss because if price did break such a strong support then it has the potential to fall some way.
Nice and simple setup that most people could find if they didn't over complicate thigs all the time!
If you would like any help trading or have any questions then just message me and i will be happy to help.
