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Crudeoilanalysis

USOIL short! - EQYUIY.Dear traders, So as you can see we expect USOIL to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also created a new strong supply zone that’s been filled right now. It will be much clear on the 4h chart, you can see the 4h trendline is been broken and a new 2 demand levels are created. We will wait when it will reach one of these zones and watch for some conformation to take is short. For take profit levels and stoplos check our telegram group: t.me NOTE; if you follow our telegram group you will be always up to date about the last market trades and conditions. This is not everything, there is a lot more in the telegram group: What can you expect from us in the telegram group? -A watchlist video. This will be uploaded every Monday in the morning. -Trade setups. We only share high probability trade setups. -At the end of the week we will upload a market recap video. This means that we will look back at the trade setups we have discussed in the trading group. - Mini lessons about our strategy and mindset Furthermore, we have created this Equiy trading community group, because we want to create a community in which you can ask us questions, but also other people in the trading group. In that way we can grow as a community. We will share the link to this group in this message: t.me So, we hope you will enjoy this whole idea and that we will grow together! Team Equiy.
TVC:USOILShort
by EQUIYtrading
Short oil Oil has now reached the 0.618 fibonacci line although it has gone past it slightly, which is ok. In my opinion, it hasn't reached a resistance line yet which means this has the potential for more further upside around 67-68 but of course it could just go down from here. Oil can go straight down from here to 60.70 before going back up to 63.22 and then another down to 58.04. This is of course just my humble opinion which could be wrong, so please trade safely at your own risk. Disclaimer This chart is published as an opinion based chart only.
FX:USOILShort
by Quinkong
Light Crude Oil #CL long term longs, weekly demand in controlLight Crude Oil #CL long term long bias, weekly demand level in control, similar scenario is also available on Brent. Weekly chart is uptrending, weekly demand imbalance at 64.94 is in control and printing higher lows. Daily demand at 65.82 in control attacking a used-up daily supply zone at 70.39, expecting daily supply level to be eliminated. If that happens a new daily demand imbalance will be created. Definitely long term long bias on Light Crude Oil
NYMEX:CL1!Long
by AlfonsoMoreno
2
Crude Oil Technical Analysis and Forecast Sep 27thFundamentals of today: Crude oil prices gained in Asia On Wednesday as industry estimates on U.S. inventories threw up an unexpected drop in supplies. On the New York Mercantile Exchange crude futures for November delivery rose 0.39% to $52.08, while on London’s Intercontinental Exchange, Brent gained 0.17% to $58.02 a barrel. U.S. crude oil inventories fell by 761,000 barrels at the end of last week, the American Petroleum Institute (API) estimated Tuesday, compared with a 2.296 million barrels build expected. Oil supplies at the hub of Cushing, Oklahoma, rose by 1.1 million barrels. Official data will be released on today from the U.S. Energy Information Administration (EIA). The API and EIA figures often diverge. Charts and Technicals Crude Oil current price is 52.19. The next target of Crude Oil is 52.95. 51.50 and 51.12 are possible pullback levels as we have mentioned yesterday. Today EIA data will be released. Depending on the EIA figures, the price may pullback towards 51.50 and 51.12. However, as we have mentioned in our previous articles, fundamentals turned positive on Crude. Price is above the green supply zone. Upside targets are 52.95, 53.50 and 54.30. There are no bearish signals in any smaller chart frames. Conclusion: We will keep our LONG positions and will use possible pullbacks as buying opportunities
TVC:USOILLong
by eacemi
WTI CRUDE OIL, DAY CHART, LONG (11-DEC-2016)Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH movement, we will change our view to short! A Risk to Reward of 1:3 for this trade :) Fundamentally, the crude oil price rally is due to the oil production cut by OPEC and potential cut from Russia and NON-OPEC Countries. The production cut might not able to reduce the current global stockpile significantly. It might be the reason to hold the crude oil price trading in the range!
TVC:USOILLong
by YongLiang