Crudeoillong
US CRUDE OIL - H4 - Buy setupCrude oil - H4 chart showing buyers in control with price continue to make higher highs and higher lows while leaving behind fresh demand zones.. Buy limit set at 57 with stops below 56.20 and take profits 60-61... Enjoy
US OIL - Weekly chart - Bigger timeframes calling for big upsideCrude Oil - Weekly chart - I see crude trading in a bullish structure respecting weekly and monthly demand zones and looks like it can pull back upto 70s to test a fresh weekly supply zone. Lets see how this plays out!
Oil prices have spiked more than 10%|Next rally can hit $75.24On 13 Sep 19, Market closed on $54.87 but Oil prices have spiked after a destructive attack on the Saudi Arabian oil production on weekend shocked markets and produced shortage in global supply of crude for some time.
Now we can see the price spiked more than 10% in a day after market opens and hits the 50SMA even the 100SMA on week chart.
At this point we also have the price resistance level and the pennant's resistance at $60.63 which is not broken since May 2019, if this resistance level would be broken then the price action will take no time to reach the 2nd resistance at $75.24 where we also have tail of the pennant and in case of breaking out $75.24 resistance level the price action can hit the strong resistance at $107.45.
If we see the technical indicators then can be clearly observed that the all of a sudden the chop zone is turned strong bullish and even MACD has given strong bullish signals including bull cross.
For me after breakout the 1st resistance and if all indicators would be remained bullish even after price correction would be ideal for buying.
Market fundamentals + technical analysis are very strong in favor of bullish move.
Next target should be : $75.24.
Regards,
Atif Akbar (moon333)
crude oil H1 WAIT FOR BREAK OUTas you can see crud oil chart tries to break very important level 55.44
I wait for breaking out and pull back after that I am looking for bullish candles or patterns.
now i am buyer like banks now i get confirmation that crude oil gonna go higher
check out bank levels and join us
enjoy profit
USOIL Harmonic BAT Analysis and StrategyWe are currently trading the 4th leg of possible bat that is forming on the 4 hr chart. We are predicting the harmonic bat pattern will be completed and a recent break of the yellow trend line has given the pattern and our strategy confirmation. Our strategy for USOIL depends on price action not breaking the bottom red support zone. TVC:USOIL
CRUDE OIL LONG TERM OUTLOOKExpecting market to eventually reach 137 after playing around near C region in pattern.
Outlook may take a few years to playout so stay tuned.
USOIL Daily Analysis and Hedge StrategyCrude oil has found strong support at the yellow zone and we are predicting a bounce from here that will take us to our targets in the green. TVC:USOIL
USOIL Daily Harmonic Bat Pattern Analysis and StrategyWe see the completion of a harmonic bat pattern on the daily chart and is also at a major support zone. We are expecting a bounce off a the support zone. We have our take profits are set at the green major and minor resistance zones. TVC:USOIL
USOIL Harmonic AB=CD Pattern Analysis and StrategyWe have resumed trading crude oil and in our most recent analysis we see the formation and completion a ab=cd harmonic pattern on the 4 hr chart. Price action has also reached a major support zone at the completion of this pattern. These bullish technical indications signaled us to take a long position; which has already started moving in our direction. TVC:USOIL
Short & Buy Crudeoil IntradayFrom here, I believe we will be going down to 63.37 where buyers may want to come in again.
Disclaimer
This chart is an opinion based chart only. Please trade at your own risk.
CRUDE OIL - BUY - UP TO PSYCHOLOGICAL LEVELShould be an easy few pips here... up to psych level at 70.00... We've had some higher highs and lows on the hourly and a nice 4h pinbar most recently.... enjoy...
BRENT.CMD/USD 4H Chart: Likely to hit $70 markThe BRENT.CMD/USD pair has been trading in a medium-term ascending channel pattern since the end of December 2018. The pair re-tested the lower boundary of the channel pattern at 66.50 during last week’s trading session.
As for the near future, it is likely that the Brent crude oil prices will continue to appreciate and potentially hits the $70 mark before the end of March trading session.
Moreover, the three simple moving averages are below the price level, and technical indicators suggest that bullish traders could push the commodity prices further north.
Long opportunity on Crude OilPossibility here on Crude oil. I'll be waiting for price to get into my zone, where I'll be going long.
buy crudeoilbuy crudeoil cmp 66.32
sl 63.15( closing basis)
target 1- 73.56
target 2- 89.27
target 3- 95.35
Crude Oil 5th Wave possibility4th wave end. It could make a more complex structure, but if not the 5th wave Impulse could emerge.
Do your own Due Diligence. Goodluck!
CrudeOil Bullish Structure ConfirmationHere we go again! Crude oil's super mega uptrend looks to continue! Last time we saw a trend like this was 2009, and it's a long time coming after the major declines in 2014.
Quick summary why I'm bullish in the next weeks:
1. Overall bullish trend
2. Consolidate and form a higher low
3. Failed breakout lower, breakout higher
My next target is 75.50, and if we really move then 80 and 90 are still possible. The announcement of OPEC's higher production limits this Friday potentially puts a limit on the overall trend. Higher production with relatively constant demand (I mean we didn't just start needing 600k/day barrels more oil overnight) should weaken price. Will need to see this in the charts before I give it much weight.
So what do you think? Am I crazy to be so bullish? We've already moved so far...will it keep going? Share with me your charts, ideas, and comments! Love to hear other traders opinions!
Peace, love, and sweet bamboo,
tbp
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
Crude Oil technical analysis and levels to watchAs mentioned in the latest analysis, our LONG target was 65.25 – 65.50 region.
Then we followed the bearish harmonic pattern, and our second target was 64.06. Price reached the second target and reacted. – 110 pips were not bad –
We tried to explain the bullish and bearish fundamentals of Crude Oil.
The main trend is bullish.
Intraday Levels to keep eye on :
64.84 is the first support. The bullish move will continue as long as the price holds above 64.84.
65.26 and 65.63 are the next targets. Daily closing above 65.63 will take the price 66.41 and 67.49.
If the breaks below 64.84, 64.45 and 64.06 will be the targets of Crude Oil.
63.33 is the EMA support and can be used as buying opportunity.
Good Luck
CRUDE OIL vs EURCAD after Oil Inventory NewsHow does an oil symbol price move in relation to the EURCAD price
WTI CRUDE OIL Double Bottom And Long OpportunityAfter completing Bearish Black Swan as we have published, retested the bottom.
Price ended the week above EMA 50
Double Bottom Neckline is the first target.
CRUDE OIL - Buying opportunityCRUDE OIL main trend is up and i'm looking to buy the current bearih H&S pattern .
S&R marked on the chart and targets above around the blue lines.
Best of luck :-)
