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
Xtiusd
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.
Oil is next to pick up some steamPlease follow risk management.
Take profit 1: 46.5 $
Take profit 2: 49 $
Trading tactics: At 49 $ 50% of positions should be closed and move the stop loss to break even.
Allow the trends to be broken to build new ones.
OIL - More UpsideDon't be fooled about the key level, I personally think this has a lot more upside potential before we see any sort of decline. I expect price to rise much higher to SL hunt the sellers that impulsively sold at the key level marked.
Let's see how this one plays out at the start of next week, have a great weekend!
Gap closureCrude oil is likely to move somewhat higher to close the gap to ca. 40.
For educational purposes only.
Oil, needs a Daily correctionStill in the same structure and we are expecting the down move to form a Daily correction something like the copy of the candles on the right.
Happy Trading, Stay Green! ✌️
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CRUDE is Back up on Major Key Level, Whats Next?Welcome to Profitlio Trading!
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Thanks for all the support! Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Bullish breakout on Tezos - Look for Continuation to the UpsideTezos had a bullish breakout from its falling wedge pattern within a larger pennant. I'm looking for growth to the upper boundary of the pennant which is about a 27% gain from here.
CRUDE OIL waiting for the sell setup to formon DAILY: CRUDE OIL is sitting around a strong resistance zone so we will be looking for objective sell setups on lower timeframes.
on H4: CRUDE OIL is trading inside our red wedge pattern but the lower trendline is not valid yet so we are waiting for a third swing to form around our lower trendline to consider it our last swing and then enter on it break downward.
so also have a regular bearish divergence adding more confluence to our sell setup.
Bullish exhaustionBulls are out of steam. We see a breakdown on to bearish on AD volume, RSI, MACD divergences.
Price is likely to drop to ca 30, missed pivot.
USOIL (XTIUSD) CRUDE OIL GOING TO 50$+USOIL START MOVING TO 50$+ all is matter of time as
worldwide lock down is opening
Keep buying we had changed our trend
after long time period on oil ..
NOW WE ARE BUYING
WE APPRECIATE YOUR LIKES AN COMMENTS
DO YOUR OWN ANALYSIS BEFORE ENTERING TO A TRADE
CRUDE OIL waiting for a trigger to sellon DAILY: OIL is currently sitting around a strong resistance zone in green and almost filled the previous gap so we will be looking for objective sell setups on lower timeframes.
on H1: OIL is trading inside a wedge pattern (not valid yet) so we are waiting for a new swing to form around our lower red trendline to consider it objective and enter on its break downward.
or we are waiting for the right shoulder to form and then enter on the head and shoulders neckline break downward.
meanwhile, OIL would be overall bullish.
Break and now retest awaits for Oil to boom up!!I don't usually trade oil, but next week ill look forward to opening a long position after the retest.
Comment down if u agree with me..
XTZ/BTC Technical Analys bullish Update:According to Chart XTXBTC Looking Bullish and good time to fresh Entry.
Above support line I am bullish.
Entry: 2950-3050 Satoshi
Targets: 30%/60%
I am buying some at current Market Price.
Please like and follow me for latest crypto updates.
Must follow me for latest crypto updates.
Thank you
USOIL Multi-timeframe Analysis! Understanding the Market!Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
Its highly bullish since the market negative values. Look at the monthly time frame its a perfect breakout off the key level which can be considered as the major one on the market. Now we should be waiting for a perfect retracement to be done on the key level and look back for longs towards 200EMA resistance or upper key level hanging around $42. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
USOIL (XTIUSD) CRUDE MOVING TO 50$+ Keep buying we had changed our trend
after long time period on oil ..
NOW WE ARE BUYING
WE APPRECIATE YOUR LIKES AN COMMENTS
DO YOUR OWN ANALYSIS BEFORE ENTERING TO A TRADE
Levels to watch in CrudePosting this for those who are interested in Crude and what to anticipate as there is lots of uncertainty around this market. Because of that some major hedge funds prohibited their traders to trade running crude oil contracts.
On Market uncertainty -
"Bloomberg has reported that only 50% of shale producers have hedged 2021 production compared to 60% that had done so at a comparable point last year. Many producers are finding themselves trapped in a Catch 22 situation. The current WTI price of $32/barrel is still way off the ~$50/barrel that many shale producers require to turn a profit. Hedging at this point would effectively mean foregoing any future price gains and guaranteeing yourself a loss. With production cuts so far working nicely, the recent storage crunch now in the back mirror and economies gradually emerging from lockdown, that appears like a rushed decision.
On the other hand, this oil price rally appears to be running on fumes, and failing to hedge means risking even lower prices in the future. For instance, whereas the WTI June contract has rallied some 75% this month, WTI swap for 2021 has only climbed 10%. This essentially means that traders are very unsure whether the gains being made in the crude markets are here to stay."
More - oilprice.com
Crude bulls challenge 2020 downtrend?Crude bulls decided to challenge 2020 downtrend.
2020 downtrend that started January 8, 2020 remains valid (hence our stance is bearish) as long as we do not have a valid breakout with 3 DeMark breakout qualifiers.
This is a turning point. Good news for bears - missed May pivot at 16.3 (in 90 percent of cases price always goes to test missed pivot).
Look for a clear bearish setup from here.
Observe how price respects monthly pivot levels. This applies to all markets. Monthly pivot levels are like magnets.
Historic replicationPrice is at R3 reversal area - April pivot (which was untested, price came to close it). April pivot range acts as resistance now.
I see price drop back to 12-11, as history seems to repeat itself. 12 is also May reversal level, bottom of May value zone, which makes sense.
So I would look for bearish setup anytime. As price make bearish reversal pattern, that is it. And it should anytime soon.
Top correlation 5 min
1 XTIUSD - XBRUSD 95.8%
2 XTIUSD - CNI30 (CHINA30) 85.3%
3 XTIUSD - FNG10 (Big Tech 10) 82.0%
4 XTIUSD - GBPNOK -79.1%
5 XTIUSD - XNGUSD -78.6%
6 XTIUSD - LIT15 76.6%
7 XTIUSD - CAN20 75.3%
8 XTIUSD - GBPAUD -74.1%
9 XTIUSD - GBPSEK -73.8%
10 XTIUSD - FRA40 73.7%
Top correlation 30 min
1 XTIUSD - XAGUSD 92.0%
2 XTIUSD - XAGEUR 91.9%
3 XTIUSD - XBRUSD 91.7%
4 XTIUSD - AUDNZD 91.6%
5 XTIUSD - GBPTRY -91.4%
6 XTIUSD - XAGAUD 91.4%
7 XTIUSD - XAUGBP 91.2%
8 XTIUSD - XAUUSD 90.1%
9 XTIUSD - GBPSGD -89.7%
10 XTIUSD - GBPCHF -89.5%
Top correlation 1 hour
1 XTIUSD - USDTRY -95.9%
2 XTIUSD - XBRUSD 95.8%
3 XTIUSD - XAGEUR 95.7%
4 XTIUSD - XAGUSD 94.9%
5 XTIUSD - XAUCHF 94.2%
6 XTIUSD - XAUUSD 94.1%
7 XTIUSD - XAGAUD 93.4%
8 XTIUSD - GBPTRY -93.2%
9 XTIUSD - XAUEUR 93.1%
10 XTIUSD - GBPCAD -91.8%
Top correlation 1 week
1 XTIUSD - XBRUSD 99.6%
2 XTIUSD - EURZAR -97.3%
3 XTIUSD - USDZAR -97.0%
4 XTIUSD - USDMXN -95.8%
5 XTIUSD - EURMXN -95.4%
6 XTIUSD - GBPMXN -95.2%
7 XTIUSD - USDCAD -94.9%
8 XTIUSD - ZARJPY 94.8%
9 XTIUSD - SPA35 94.7%
10 XTIUSD - NOKJPY 93.4%
Top Absolute Correlation 1 month
1 XTIUSD - XBRUSD 98.2%
2 XTIUSD - NOKSEK 75.5%
3 XTIUSD - UK100 (FTSE100) 73.4%
4 XTIUSD - US2000 (RUSSEL2000) 71.0%
5 XTIUSD - USDHKD 68.3%
6 XTIUSD - NOKJPY 65.8%
7 XTIUSD - ZARJPY 64.8%
8 XTIUSD - USDZAR -61.5%
9 XTIUSD - EURPLN -60.7%
10 XTIUSD - XAUEUR -60.2%
BRENT OIL UPDATEAs expected, price is retesting our previous resistance in red.
Price didn't break below our double top neckline, so we didn't sell.
then price broke above our upper blue trendline objectively, and we will keep holding our buy until as long as price is trading above our orange trendline. (or until an objective sell setup is activated)
UKOIL ( Elliottwave Forecast )Oil (May 11, 2020)
It is currently sideway and it is likely that there is a triangle iv of wave (iii).
OIL Monthly to $10When the lockdown ends watch the oil to shoot to the moon again as global vehicle use gets back to normal
