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Crude-oil

WTI POTENTIAL LONG SCENARIOCRUDE OIL is trading in a kind of a massive wedge And now oil is falling down to retest the rising support and trendline around 68.00-69.00$ From the Support line expecting a local pullback With the final target being the horizontal resistance above around 71.00 $! Today is NON=Farm Payrolls and traders can see big movements. If the OIl breaks the support on 68.00 , next target would e 63 $ Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
TVC:USOIL
by legacyFXofficial
Crude Oil (CRUD) UpdatesQuick update on crud oil (the investment is on the "CRUD" ETC as you well know). No fundamental news from OPEC, so let's analyze the chart, because we have reached an important point. After the retracement practically lasted from 6 to 20 July, the price with a classic "V shape" is returning to the 5.80 area. I highlighted a similar situation in the past when in May, after some profit-taking, there was a double top in the € 5 zone. It is not certain but it is highly probable that such a situation will repeat itself when the price touches the previously mentioned level. As far as I am concerned, I have already said that I consider the level of 8 € the real target, but obviously, we are talking about a raw material, very linked to what is happening in the world, in a moment of recovery, but recently threatened by the Delta variant. of the virus. A very uncertain picture and the markets generally don't like uncertainty. We must constantly follow the news and check that the price does not fall below the level of 5. 05 that I recently traced. In fact, this could mean a trend reversal and for many who may have an entry price close to that level (possible since it was a breaking point of an important resistance). a risk of a possible loss. But by far, August 1st, the price has returned to the uptrend channel clearly visible on the chart, which I have drawn. This we know. In an ideal scenario, there should be a strong break with a daily candle closing above 5.80. If accompanied by volumes it would be a clear signal of continuation of the trend. In the event of a retracement, for those who have been investing for a long time, the most interesting levels to add positions are 4.577 (green line on the chart) and the SMA 200 moving average. I remember that we are talking about a commodity, so the scenarios could change radically at a fundamental level, so if you were long, follow the economic calendar, the trend of the dollar, and the seasonality very carefully. however importance. Lazy Bull
MIL:CRUDLong
by LazyBull5
CRUDE OIL Swing Forecast! Sell! Hello,Traders! CRUDE OIL is trading in an uptrend Making a spectacular recovery after the COVID crash And there is still some way to go However, a massive monthly resistance level is ahead And it looks ironclad to me Which makes me think that we will see a correction That is long overdue, and judging by the nearest strong support level The correction might be as big as 15% from the highs Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:USOILShort
by TopTradingSignals
6
Crude Oil Bulls Have Overstayed Their WelcomeCRUDE OIL has just completed an impulse-corrective wave cycle and has the potential to decline to $53/Barrel. That's a 15% decline from the current market price. The advance the bulls enjoy from wave (A) low unfolded as a double ZigZag correction. According to wave theory, the market will resume in the direction of impulse (five-wave) once a correction is completed. The correction also perfectly enclosed within a parallel channel (flag) and the price has broken the market structure. Any further rally must stay below the $67.03/barrel invalidation level. It seems the bulls have really overstayed their welcome.. What's your view on Crude Oil? Let me know in the comment. Thanks for reading, Veejahbee.
TVC:USOILShort
by Veejahbee
Crude oil. Wait for price to come to you.Whenever price for an instrument is accumulating we make to setups, long and short. Because let’s be real, no one know which direction it going to break. We can have a bias as I do,but really just never know. When a trend is happening this is different. You can be more successful picking direction and say trend is your friend in ick a reversal. But consolidation is more or last a crap shoot. So here crude is accumulating. So I set up dondition where I enter long or where I enter short these levels are 65.60 and 65.14 respectfully. Also shown is tp 1 for both sides. My bias is short ( yea, I know) because condition overbought and price needs to get past strong Hull MA. But either way I am ready for a front entry (long) or rear entry (short) as they are called for contingent setups. Safe and happy trading! 💜 Ms Bunny.
NYMEX:CL1!
by UnknownUnicorn11430563
10
US Oil Weekly levels Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS ORANGE LINES ARE SELL LEVELS IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT. There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
TVC:USOIL
by AadhanTrading