Crude-oil
BUY BRENT CRUDE? SURELY YES!!!!Hard to even imagine that Brent Crude hit $149 back in 2008. Now standing at 22.32 surely this looks a good place to buy. At these low levels there's no historical support buy with RSI on the Monthly time frame at 26 and signs of a move north on mid time frames I'm in on this trade at 22.39 with a STOP under the low at 16.95 and a provisional target at WR1 Pivot at 30.67. Should we get anywhere near there the T.P. will be moved as once the BULLS get into this market we could go much higher particularly if DJT open up America as he likes to claim he's doing. Might still be a rocky ride ahead for Brent Crude but this looks a decent opportunity for a LONG trade.
USOIL - It is time for the next bullmarketHello everyone, first of all, we have been in such a long bear market, since July 2008 147$, we haven't made a new higher high, but we managed to make lower lows, which means that we are currently in a 12 year bear market. We have been moving inside a falling wedge, and even though we could go to the top of the wedge and then make another fall like the one we had now, I really don't think we will fall again to 10$ . We fell so much, because of the virus, that caused the lockdown, the price war between Saudi Arabia and Russia and also the fact that we are in a 12 year bearmarket, made the effect even more devastating. Such events happen probably once in a lifetime, so because of all those reasons, I do think that we have reached the bottom at around 10$-13$ and that we will break through the falling wedge and make higher highs and go into a bullmarket. Good luck to everyone!
USOIL - This is the bottom!Hello everyone, first of all what a time to be a trader and investor! USOIL has reached the lowest support levels it has ever reached in history! We have 3 level to look out for the big bottom. The first is 13.60, which we have already hit. The thing is that I think that we have a little bit more space to move to the downside, judging by the RSI. I think the most likely supports for the bottom are on the chart, these are supports, that have been previous bottoms and I really doubt we will reach bellow 10$. I do think that the bottom is going to be today, because with this much selling, I just don't see a big player or anyone selling at -25%, given the price we are right now. This is just my opinion, I think that even if you buy now, in a year time, everyone will envy our chance to buy at 13.80$ WTI.
CRUDE OIL: OVERSOLD, BUY SHORT TERMWAY OVERSOLD and oil companies cannot function at this level. There will likely be another cut coming soon.
Stay within the lines.
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Weekly and 4HS analysis + Trade idea on Crude Oil ThinkingAntsOkUse this as a guide to develop your view of the chart:
FIRST, let's start with the Weekly Chart:
a)The price is on the lower trendline of a massive corrective Structure + Support zone
b)We expect a Bullish movement on the long term towards the next Dynamic Resistance zone
c)ABCDE Patter is finished. We should deduce a bullish movement
SECOND, let's go to the 4hs chart:
a) The price is on the massive Support zone of the Weekly chart on its 3rd attempt to break it.
b) If the price failed. We should expect a bullish movement towards the secondary trendline of the bearish movement (4HS Target)
c) We will wait for an impulse and a small correction
d) We will set our orders above the structure and our stop below it.
e) Our Expected Risk Reward Ratio will be 1.8 more or less.
Bullish US Crude oilIn my view,crude oil is in a triangle in Leg E. it would go up to 44$. stop loss = 20$ , Take profit =44$ .entry point (Buy) = between 25$ - 29$
for long term trader (us crude oil would reach 58$ as a second target)
API Shows Gasoline Inventory Increase of 2.226 Million BarrelsAPI Release this week has shown a gain up for the week with Gasoline posting a build of 2.226 million barrels
USOIL Short Entry Update (+375 pips) Update on the short entry I took last week and posted on the channel. Currently floating +353 pips and I've closed 50% of my original position and am floating in profit with stoploss above breakeven for a risk-free trade. The geopolitics between SA, US, and Russia will be a dynamic that will move the price quickly this week so staying protected at all times will be key.
07:03:28 (UTC)
Mon Apr 13, 2020
Natural Gas Storage Numbers Show Larger Than Expected BuildThis week’s numbers have shown a build of 38 billion cubic feet for the week which does constitute for a build of 1.91% in total storage within the United States.
USOIL TREND SHIFT TO THE UPSIDETVC:USOIL
Today we might have just entered a
bullish after days of consolidation and rollercoaster of price up and down volatility. this W (headandshoulders) pattern finally showing us what we wanted to see for a long market on USOIL. Finally, we want to see market touching 45 to overall correct this V shape fall.
I entered a Buy at 25.13 lets see how it turns out :D
Bulish wave of Crude Oil with projection of future predicted.
Support 17.52 which is too far if breakdown pattern.
---> If you look at your both closed eye, you can see the pattern stronger. Buying is the greatest opportunity at the bottom for target 36.4 31 Aug.
A projection of expected move waves .
I recommend buying for the next few minutesI recommend buying for the next few minutes looking for profit as soon as possible
WTI LongBull flag after an intense rally. I think this is a bear trap and what seems to be a bull flag forming on lower time frames. We should see this break upward.
LONG CRUDE OIL Crude oil it hitting the bottom of the upward trend line meaning there's going to be a big rise.
Crude Oil Support Level Is Very Crucial For Its ReversalCrude oil price is presently "sitting" on a crucial support level. This level ($22 - $16) may be pivotal for the upward movement of the commodity for a long term buy
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
EIA Report Shows Larger Than Expected Build in Crude InventoriesHeadlines
• EIA Report Shows Larger Than Expected Build in Crude Inventories of 13.833 Million Barrels
• Equities in Europe & US Continue Their Fall as Sentiment Surrounding the Virus Weighs on Investors
• SNOC Pauses LNG Storage Terminal Project as it Completes Further Evaluation on Discovery
Gasoline Falls in Asia + Stock Futures Fall in Europe & USHeadlines:
• Crude Finishes Flat Whilst Gasoline Futures Drop -6% Within Asia
• CNOOC Announces the Postponement of its Canadian East Coast Project Due to Covid-19
• US Futures Fall as Virus Concerns Reappear Whilst Asia Starts the Quarter Off Lower
WTI Oil: Close to a MACD bullish reversal. Bottom may be close.The MACD on the 1D chart, which remains vastly oversold (RSI = 25.205, ADX = 68.790, CCI = -108.7025), is close to making a bullish reversal. If successful it will be the first time since February 26th.
This is quite similar to the 2018 sharp sell-off, when Oil recovered on the 2nd MACD bullish cross (since the decline started). During that sequence the price bottomed on the -0.236 Fibonacci level, almost exactly when the 2nd MACD bullish cross took place.
At the moment we are almost on the -0.236 Fibonacci level and about to make the bullish cross. This can be an early indication of finally finding a bottom, and if that's the case Oil's target next month or two should be 33.00.
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Shorting again, and again...Shorting since 51.20.
We have averaged two times, and this is the third one.
Max risk per p: 0.5% of wallet
Ratio R/B: 1/4.4
S/L: 23
T/K: We do not set take profits, just manage the closing positions with the SMM 14.
Decorrelation of portfolio: 30%
Cash: 45%
