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Wticrudeoil

Are we looking at the biggest crash in the market??Based on my analysis I believe we are approaching another crash in the market, probably the biggest one yet.. NASDAQ is rising on hopes and dreams, FED are pumping money into it left right and center, and it has reached a new high. There is a considerable amount of divergence on EVERY time frame and yet price has barely gone down. Dow Jones is approaching its previous highest high where it took a tumble SP500 is also doing the same as DOW And now OIL is reaching a point in the market where it previously crashed I suspect Nasdaq will flutter around and consolidate until DJ30 / US500 and Crude OIL catch up and then everything will crumble at the same time. I may be wrong but these are my thoughts on this madness
TVC:USOILShort
by FXKing009
1
NYSE:WTI P-Modeling Pt 2. Harmonic Strings of The Illusive CajunWelcome Hyperspace Agent. This is an analysis of WTI OIL. In order to understand where we are now, you must see the entire time-series of Part One. Press Play first.. Then View Snapshots In Order Then scroll to see Time-Series Snapshots In order. This idea is from Sept 2019. If you skip the step above.. you won't understand... how i progressed to what I am presenting now. Or if you simply don't care.. That is perfectly ok! No one is forcing you. But you prob won't get it either way. And if you do...? well.. gold star for youuu. . _______________________________________________________________________________________________________ Nothing is placed randomly. The original idea *PART ONE* nailed the targets, but was incorrect on timing. However, once adjusted it can be viewed in Time-Series fashion how the targets were indeed hit quite in an interesting manner. Both Part One and Two are on the same time-frame. The inverted cup and handle was executed. It had a harmonic exit.. so my initial timing was off. This was validated with the snapshots in Part One. But then it deviated after completing the original harmonic goals.. So two propositions began to develop. Proposition A is in the yellow trend. Proposition B is in the Red trend. We inch a tad higher? and Wham..Bam. Slapped down.. Catalyst.. Dropped demand of oil as USA and globe enters Wave Two of Covid-19. or The idea is we have a second bottom. But a true Bottom. That is outlined in Proposition B. Adam and Eve as they may call it I guess?.. I think we are going to execute Proposition B. Mere Penny's. However, keep an eye on proposition A and the structure of the chosen fractal vs the actualization of the trending. It will not be exact... Not always at least. ;) This is simply an update to see how the rest of the story plays out. There is def a lot of validity to it. Now let's see if we can refine it further.. Trial and Error. Failure is a necessary component of success. Thanks for Pondering the Unknown with Me, Glitch420
NYSE:WTIShort
by Glitch420
2
USOIL Golden ShortGood day, snipers. Here in the USOIL, we can see that price is at the Golden Zone, the 61.8 Fib Level and is also a key area of resistance. Price is also in an overall downtrend so, I would be looking for shorts only. We just have to wait for a bearish signal like a candlestick pattern to confirm that the bears have stepped in. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
TVC:USOILShort
by SniperFXFree
WTI Oil: Made a Top formation on 4H. Two possible rebound pointsWTI Crude Oil is trading within a Channel Up on the 4H chart (RSI = 36.632, MACD = 0.170, ADX = 31.347). The MACD turned flat and as you see on the chart that has been a signal of a top formation on three previous occasions. In two of them the price dropped a little more than -11% and on the other around -15.50%. The Symmetrical Support zone that held on three occasions since June 16th is 37.50 - 37.00. It is possible to see the price rebound either there or a little earlier on the 4H MA200. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NYMEX:CLQ2020
by InvestingScope
USOIL 40.10 +0.79 IDEA Good Day Everyone Here's an idea on USOIL that has been trading in an uptrend inside an ascending channel and saw a good day yesterday seems it could still climb higher to test resistance level 42.50 as the S&P500 future pointed higher after positive chinese manufacturing PMI data, but also looking at a scenario of bears coming into play and pushing oil down as we wait for the canadian GDP data and fundamentals on oil today. will look for significant moves to the downside unless the channel holds.... _________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
TVC:USOIL
by PULEMokhothu
A ROLLERCOASTER WEEK FOR THE CRUDE OIL MARKETOil prices started this week controlled by the bulls in a positive note, being able to test 41.61$ per barrel recording a fresh high for the month, only to finally drop after the risk sentiment saw a late knockdown in Asia and increase in new cases in the United States of America, as market hefts in an incoming fresh virus update. However, the WTI benchmark was able to "U" turns yesterday from 37.17$ low and claim back almost 6% of lost ground in the pullback. From a broader look, the market will continue to trade sideways, containing prices by technicalities. From the fundamental point of view, there is no sign of bullishness but the opposite. This week an increase in the inventories reported by EIA, newly infected citizens reported in different states in North America, the second wave in Asia and critical situation in Latin America, will continue to shadow the crude oil demand. Technical reading in the intraday charts at the H4 realm, price held its grounds right above the golden Fibonacci level 6.18, saved by the critical support zone follow by the confluence of a demand zone and descending trendline, as the last line of defense to avoiding the re-test of the 34$ handle. MACD is still showing some uptrend preference and is about to form a golden cross for bullish confirmation with RSI hovering in nobody's land. Oil prices edged higher in a volatile session on Thursday, finding some support after declining earlier, attaining support from signs of a minimal improvement in the US economy, but rising cases of COVID-19 in some states capped these gains. The same day the US Department of Commerce said in its advance estimate exports of industrial supplies, which include crude oil and petroleum products, dropped by 11.8 percent month on month in May to US$29.9 billion. Now in the far east, according to Reuter, China is set to import 0.8-1.3 Mb/d less in August and September than it did in May. Higher oil prices, higher inventories, and worries about the second wave of coronavirus infections discourage purchases from Chinese refiners. Indisputably, the Coronavirus will continue to damper the world economy, where central banks have unleashed trillions of dollars in stimulus while investors are still waiting for any confirmation from OPEC+ and further plan to cut production beyond July. With a grey horizon for the black commodity, see you all next week. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
FX_IDC:USDWTI
by OGFXTRADER
Divergence extension part 1. R:R2 15% profitHello everyone, In updates and comments below this chart I would like to focus on the Divergences extensions Tip: With longer extension on divergence comes bigger and faster reversal (Work both ways) I personally would add more on leveraged shorts during breakdown of blue line (uptrend) as I see Oil finishing W5, filling gap, forming bearish divergence and possibly breaking the uptrend The minimum price to correct should be the yellow line range (Where the first point of bearish divergence formed) ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
TVC:USOILShort
by Anoinvest
8
Bullish Trend on USOILRecently, we have been observing a lot of fundamental events related to oil, such as the urgent meeting of OPEC /+ and the news of a cut of 9.7 million barrels per day. I will not expound the entire chronicle of events since it is very easy to find it on the Internet. In my opinion, oil this year should reach a level of $ 65 per barrel. The Russians and the Saudis played a great game in a time of chaos, now the time has come to restore balance. The only negative factor is that due to the epidemic, borders are closed and oil demand is reduced. But in anyways oil should not be sold at the same cost as its own. Our group transmits information without forcing anyone to trade, any transactions that you open are at your own risk. Stay Home and Stay Safe!
TVC:USOILLong
by TradingExpertGroup