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Wticrudeoil

WTI CRUDE OIL Why it has most likely topped.WTI Crude Oil got rejected a little before it hit Resistance (1) at 93.80, which is a 11 month long level. The trading pattern since the mid April shows a good deal of correlation with October 20th 2021 - March 7th 2022. That was the peak of the Ukraine-Russia War. In order to get such an immense price spike, a heavy fundamental catalyst needs to blast out, something that we don't currently have on the horizon. As a result it is highly likely that Oil has topped and will turn bearish/sideways for the rest of the year. Trading Plan: 1. Sell every rise below Resistance (1). Targets: 1. The MA50 (1d) until eventually the MA200 (1d) gets hit around end of November - start of December. Tips: 1. The RSI (1d) also shows high symmetry between the fractals. It started on the 30.00 oversold mark and peaked outside the Rectangle around the overbought 80.00 mark. Please like, follow and comment!!
TVC:USOILShort
by TradingBrokersView
1
WTI CRUDE OIL Channel Up top and 11month Resistance rejection.WTI Crude Oil / USOIL has completed 2 red 1day candles for the first time since August 23rd. This is after the formation of a new Higher High on the three month Channel Up pattern. In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022. With the 1day MACD about to close a Sell Cross, we couldn't have a steadier sell combination than that. Sell and target 85.00 (bottom of Channel Up and expected contact with the 1day MA50). Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
6
WTI CRUDE OIL: Double Buy entry on this Channel Up.WTI Crude Oil hit the HL trendline inside the 1H Channel Up pattern, which was enough to turn the 1H technical outlook bearish (RSI = 37.852, MACD = 0.140, ADX = 31.002). A 1H RSI that low has previously been a buy entry two days ago. The lowest it has been during this Channel Up was 35.400. In response to the above, we deem the HL hold good enough to make a first buy attempt and target the top of the Channel (TP = 92.00) on another +3.21% increase. If the price crosses under the HL we will make a second buy attempt at the bottom of the Channel Up (assuming the 1H MA200 holds) and target the 0.382 - 0.236 Fibonacci range on R1 (TP = 91.10) ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
2
WTI Target breaks through 90 The overall trend of crude oil rose and fell back yesterday. After a slight rise, the bulls were unable to come out of the decline, but the bullish direction remained unchanged. After all, the bullish form on the daily line was good, and the moving averages were also arranged by bulls. If there is an unexpected second bottom, the bullish trend can continue. . Therefore, it is recommended to be directly bullish on 88.7, add positions to 88.3, ​​lose 87.8, and look at 90-91. As long as the daily MA10 position does not break, the bullish idea remains unchanged. If it breaks below, it will face adjustments. We can then watch for a pullback. It may be a slow rising trend during the day!
BLACKBULL:WTILong
by Jerome-Leon
WTI OIL Pull-back and final buy opportunity before +$93.00.WTI Oil (USOIL) is trading within a Channel Up pattern since early June with the 1D MA50 (red trend-line) supporting since July 06. Based on the 4H MACD, the price is pulling back at the moment to test the 4H MA50 (blue trend-line) as Support, similar to July 17. If it holds, it will be the final bullish sequence to test the 93.75 Resistance (October 10 & November 07 2022 Double Top), so we will buy and target 93.00. If not, the last opportunity will remain at the bottom of the Channel Up and on the 1D MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
8
WTI CRUDE OIL Potential Double Top rejection.WTI Crude Oil / USOIL has made a Double Top on the 88.00 mark and crossed today under the Channel Up that was in effect for 2 weeks. The current 4hour MACD and RSI pattern looks like the reversal sequence of August 10th. The decline that followed targeted the 4hour MA200. Sell now and target 82.80 (Fibonacci 0.5 as well as potential contact with the 4hour MA200). Previous chart: Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
5
XTIUSD( US OIL )LONG term Trade AnalysisHello Traders In This Chart XTIUSD HOURLY Forex Forecast By Forex Planet today XNGUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
FXOPEN:XTIUSDLong
by ForexPlanet20
WTI CRUDE OIL: First 1D Golden Cross in 3 years targets $93.WTI Crude Oil resumed the bullish trend after a short pullback in mid August and again turned overbought on the 1D timeframe (RSI = 71.691, MACD = 2.030, ADX = 28.614). On any other occasion that would be a signal to expect a new technical pullback, but given the fact that the 1D MACD just formed a new Bullish Cross, we can expect a continuation of this rise to the R1 (our TP = 93.00). As you can see, rises of such magnitude have been common in the past 12 months (green shapes). Additionally, the market has formed the first 1D Golden Cross since September 1st 2020, a strong bullish pattern indeed. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
2
USOIL - Large Scale Distribution at PlayWTI has been steadily appreciating in price since May 2020 with the peak being reached on 08-Mar-2022 at $129.42/bbl. Price swept the critical highs of $114.8/bbl twice then retracted into its current range. My previous write up on the asset was bullish with continued upside potential up to $140$. Before it got there I was expecting a sweep below the range low at $92.96/bbl before the move higher takes place. We are at that point right now. The sweep under the range occurred on 14-Jul-2022. From a weekly perspective, the price is trapped in the range as outlined between $129.42 high and $92.96 low. There are two options, the price continues to trade within the range or price drops below the range toward the $60 level. I prefer the latter scenario as I believe the 28-Feb-2022 and the 07-Mar-2022 weekly candles are exhaustion candles where institutions offloaded the majority of their long positions. A meaningful retrace is expected despite all the geopolitical turmoil as the risks in my opinion are already priced in.
TVC:USOILShort
by DenisRisticFX
1
Short crude oil and keep making moneyThe crude oil trading strategy shared with you today, USOIL: @79.2-79.4 Sell, TP: 78.5. We made a good profit again, and the lowest crude oil fell to around 77.6 today. Similarly, our crude oil trading strategy has successfully reached my expected profit target. Congratulations here to all friends who keep up with trading strategies. Looking at the current structural trend of crude oil, although the local trend of crude oil has rebounded structurally, overall, the global manufacturing data is weak, increasing demand concerns. In addition, the short-term trend of crude oil fell below the lower support of the range. Although oil prices rebounded vigorously after hitting a new low, it only eased the continuity of the decline and failed to change the direction of the downward trend. Therefore, crude oil still has downside risks in the short term. Therefore, short-term trading of crude oil is still dominated by shorting at high levels. There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
TVC:USOILShort
by AntonioWilson
USOIL LONG SWING TRADE SETUPHey folks!! welcome to another week filled with opportunities. First on the menu is USOIL LONG swing set up. The pair has been trending up and recently had multiple break of structures on the daily and 4HR time frames. After making higher highs, price has now delivered lower into the demand level that caused this break of structures. Price has now started to deliver back up after tapping into this Point of interest (POI) with multiple confluences indicating a move back up. Intra-day structure is now bullish on the 4 hour time. Our first target will be 84.83 and will be looking to partial out here possibly to hold a fraction of the trade to continue delivering higher. Make sure to practice good money and proper risk management on all your trades.
TVC:USOILLong
by tonyeiyetan
WTI OIL Broke below the Channel Up. Potential downtrend startingWTI Oil (USOIL) broke yesterday below the 1.5 month Channel Up and is now the farthest it's been from the 4H MA50 (blue trend-line) since the June 28 bottom. As long as it fails to close a candle above the 4H MA50, the short-term trend remains bearish, targeting the 4H MA200 (orange trend-line) at 78.50. If however it closes above the 4H MA50, we will buy and target Resistance 1 at 84.85. An addition indicator for buy and sell is the 4H MACD. Once it makes a Bullish Cross, you can buy for quick short-term profit and similarly once it makes a Bearish Cross, you can sell. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
4
2023.8.4 USOUSD rose sharply yesterday2023.8.4 USOUSD rose sharply yesterday Hello, I'm Older Duan. Today is Friday, August 4th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index began to fall down yesterday, and today it is close to 2.382 (102.29) of the top down golden section in the figure! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold has been closing below the daily average density range for two consecutive trading days! Then, in the future, we will continue to use the daily line level of 165MA, or $1941.54, as the important Bitwise operation operation in the day! Above this position, bulls dominate; Below this position, bears dominate! Let's take a look at American crude oil. What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil rose sharply yesterday, almost covering the decline of this Wednesday, and is about to once again challenge the recent bottom up gold split of 2.382 ($81.97)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, the euro has been engaged in a long short competition at the daily level of 55MA (1.09508) against the US dollar in the past three trading days! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound broke through strong daily support against the US dollar yesterday, with the bottom facing the 2.000 level (1.26793) of the golden section, which was also the highest point on May 10, 2023. Today, it almost tested the daily level of 55MA (1.27555) against the top! Then in the future, these two positions can be used as the Bitwise operation of the important points in the day! Within these two positions, throw high and suck low; Beyond these two positions, chase up and kill down! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, Today is Friday, and there is a big non agricultural data market tonight. Please pay attention to the risks. Im Older Duan. Wish you happy win . Goodbye!
EIGHTCAP:USOUSD
by Think_More
WTI CRUDE OIL: Overbought on 1D but still bullish.WTI Crude Oil turned overbought on the 1D time-frame (RSI = 70.618, MACD = 2.330, ADX = 75.260) as it is extending its relentless rally inside a Channel Up pattern since the June 28th low. This 1 month uptrend is approaching the R1 (83.50), which is the High of April 12th and current Resistance. We are using this as a short-term buy opportunity (TP1 = 83.50). As long as the Channel Up holds, we will buy again upon a pull back (TP2 = 85.50). If the price crosses under the 4H MA100 though, it would mean the end of the bullish trend, and we will shor, targeting S1 (TP = 74.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
9
WTI OIL / US OIL AnalysisUs oil is quite interesting. The movement is now in accordance with the analysis that I gave a few weeks ago. There are things that are repeated here, namely the price of forming a curve bullish again. The possibility is the price of bullish is quite high, if we pull the fibo extension, then the possibility of the price of pursuing fibo extensions 1. Fibo Extension 1 is more or less parallel to Fibo Extensions 1,618 from Wave 1. Could be, Wave 3 will move to the area. Take the opportunity to Long when the price is corrected.
TVC:USOIL
by Hokusai_FX