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Crude-oil

WTI Crude Oil: Support levels within the Channel Up. Long trade.Following the abnormal +10% move after the Saudi Oil facilities attack, the price is starting to consolidate, looking for new levels as Supports to attract buyers. In doing so, it has formed a Channel Up on 1D (RSI = 55.181, MACD = 0.790, Highs/Lows = 0.5164) which by those readings we understand that it is close to its Higher Low zone. At the moment it has bounced at 57.45, a former Resistance level as you see on the chart. 55.00 is the final Support level before the current bullish pattern breaks to the downside and the trend reverses. Currently we are still aiming within 63.80 - 66.60. Our perspective isn't much changed since our last update: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:USOILLong
by InvestingScope
1
Crude Oil - Middle East Tension supports technical outlookTVC:USOIL Trade Idea Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs. Descending triangle has broken higher Double bottom formation has formed Price action above Ichimoku cloud Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed Expecting further build of tension and possible repercussions following attack Could escalate further causing prices to rise Stop would be placed below $52.50
FX:USOILLong
by Signal_Centre
WTI Update for 18 September 2019 Daily for 18 September 2019 In Bull territory. Price Projection: 64.28 HMA: Very Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 54.87 - 63.33 Price-Trend: .67x ATR Comments: Still holding neutral even with the Saudi announcement of the plant returning to 50% of production levels. Very large consolidation zone. Prices appear to be returning to the previous levels, if not just slightly higher. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOIL
by priceprophet
WTI Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bear territory. Projected range for upcoming week 57.85 - 51.88 Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Negative Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .41x ATR Daily for 13 September 2019 In Bear territory. Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Negative Consolidation: In Consolidation between 54.02 - 56.33 Price-Trend: .5x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOIL
by priceprophet
WTI Update for week ending 6 September 2019Week update for week ending 6 September 2019 In Bear territory. Projected range for upcoming week 59.48 - 53.71 Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Positive Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .02x ATR Daily for 6 September 2019 In Bull territory. Price Projection: 59.06 HMA: Neutral Bull Bull RSI: Neutral Bull Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 52.87 - 57.72 Price-Trend: 1.91x ATR Comments: A change of chart views. Trying to clean-up the data view I present. Weekly charts are still neutral-bearish in a consolidation range. The Daily does not have the strength to push the follow on weekly into full on bull-mode. Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week. What am I showing on this new(ish) chart? Daily: Lots of wobble in the condication range. No true directional strength. Weekly: Bear trend since May. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOIL
by priceprophet
Top and Bottom analysis on US OIL by ThinkingAntsOkUse this as a Guide to support or discard your own vision of the chart Main items we see on the 4hs chart: a) a bull trap has been made on the higher trendline of the descending channel (dot lines), we can see a Huge rejection candlestick, giving us a Bearish Signal b)Based on the previous Behavior we saw on that channel, we should expect a retest of the lower trendline c)If the price Re-enter to the descending channel (solid line) that would be a really important bearish Signal, to pay attention to the breakout of the Current structure d)Currently, we are not taking any setup on this asset, we will wait to see the inner resolution of this structure. Weekly Vision: Daily Vision:
TVC:USOILShort
by ThinkingAntsOk
WTI Update for 3 September 2019 Daily for 3 September 2019 In Bear territory. Price Projection: 51.43 - 49.76 HMA: Bear Bull RSI: Neutral Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: Broken to the low Price-Trend: .71x ATR Directionally challenged due to world economic events. The market has been flat since ~August 1 and trading in a 4 point range. Use weekly consolidation to identify current range. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOILShort
by priceprophet
WTI Update for week ending 30 August 2019Week update for week ending 30 August 2019 In Bear territory. Projected range for upcoming week 57,04 - 52.50 Price Projection: HMA: Bear Bull RSI: Neutral Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .45x ATR Daily for 30 August 2019 In Bear territory. Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear RSI: Neutral BSI: Bearish 5 RSI: Negative Consolidation: Broken to the low Price-Trend: .22x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOILShort
by priceprophet
1