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Wticrudeoil

Crude Oil WTI ending 19-February-2021I believe there are several key areas that were broken this week that will need to be tested before price continues to move up . The first item is the volume point of control (POC) from January 2020. This link was never test and now price, this week, broke through. A key indicator of future price movement will be if this line becomes support for price. If price falls below and cannot move back above, then future highs may be questionable. The second item is the volume POC in February 2021 that is currently in progress. This POC is aligned with the Jan 2020 POC and will be of interest to see if this will provide support too with same analysis. The third item is the February 2021 R2 level which provided support earlier in the month. The February R3 level acted as resistance earlier in the week and now it will be key for R2 to provide support for higher prices. The last key area of support could be the 20ema. Price may consolidate the first part of the coming week to allow these two to converge.
TVC:USOILLong
by mxb1961
💡WTI . Weekly Technical Analysis UpdateMidterm forecast: 51.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 51.60 on 02/01/2021, so more gains to resistance(s) 63.10, 66.50, 72.55 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 79. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOIL
by ForecastCity_World
16
💡WTI . Weekly Technical Analysis UpdateMidterm forecast: 51.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 51.60 on 02/01/2021, so more gains to resistance(s) 63.10, 66.50, 72.55 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 79. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOIL
by ForecastCity
8
WTI OIL Buy SignalPattern: Bullish Megaphone on 4H. Signal: Buy if the 53.90 Resistanct breaks, as the 4H MACD and RSI is repeating the December 02 - 10 bottom fractal. Target: 56.00 (the 2.0 Fibonacci extension, which has been holding since late November). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> michaelzerna --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
Oil Tested Support At $51.50Oil made an attempt to settle below the support at $51.50 but failed to develop sufficient downside momentum and rebounded closer to the resistance at $52.70. If oil settles above this level, it will move towards the next resistance at $53.30. A successful test of this level will push oil towards the next resistance level which is located near recent highs at $53.80. On the support side, oil needs to get back below the $52 level to have a chance to develop downside momentum. If oil settles below this level, it will move towards the recent lows near $51.50.
TVC:USOIL
by FXEmpirecom
Oil Mixed After API ReportOil has recently made an attempt to settle above the resistance at $53.80 but failed to gain additional upside momentum and pulled back. At this point, oil needs to settle back above $53.30 to have a chance to get to the test of the recent highs. A move above the resistance at $53.80 will push oil towards the next resistance level which is located at $54.40. On the support side, oil continues to get material support near $52.70. If oil settles below this level, it will head towards the $52 level. A successful test of this level will open the way to the test of the support at $51.50.
TVC:USOIL
by FXEmpirecom
Oil Tries To Settle Above Multi-Month HighsOil managed to get above the resistance at $53.30 and made an attempt to settle above the resistance at $53.80 which is located near multi-month highs at $53.90. In case oil settles above this level, it will move towards the next resistance at $54.40. A successful test of this level will push oil towards the $55 level. On the support side, a move below $53.30 will open the way to the test of the support level at $52.70. In case oil declines below this level, it will head towards the next support at the $52 level.
TVC:USOIL
by FXEmpirecom
Oil Moves Towards The Resistance At $53.30Oil managed to get above the resistance at $52.70 and is trying to settle above the $53 level. If this attempt is successful, oil will get to the test of the next resistance at $53.30. A move above this level will push oil towards the resistance near the recent highs at $53.80. In case oil gets above $53.80, it will move towards the resistance at $54.40. On the support side, the previous resistance at $52.70 will likely serve as the first support level for oil. If oil settles below this level, it will head towards the support at $52.00. This support level has been tested several times in recent trading sessions and proved its strength. A move below this level will open the way to the test of the support at $51.50.
TVC:USOIL
by FXEmpirecom