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Crudeoilprediction

Oil Short SetupOil Short Setup 🔵 Entry: $58.73 🟢 TP & RR: $53.73 (2.91) ⛔ Stop Loss: $60.45 REASONS FOR THE TRADE ✔️ Reaching a strong resistance level ✔️ Market Flow Indicator seriously overbought ✔️ Ascending channel upper trendline resistance ✔️ 1.618 Fibonacci Level (although not plotted on the chart as it becomes a bit clustered) 📝 Stop Loss is above the $59-$60 resistance level, although if you want a more relaxed trade you may move the SL higher to about $61. The confluence of the three factors above makes me believe that the price is due for a pullback if not even trend reversion. I will be monitoring the entry level mentioned above and may open the position prematurely if I see that the price is getting ready to take a dive down.
TVC:USOILShort
by Quant_
2
Crude Oil Long SetupOil Long Setup Entry: $53.68 TP & RR: $57.65 Stop Loss: $52.57 REASONS FOR THE TRADE Contrary to most expectations that Oil was overpriced, it continues to trend up. I won't open a long order at the current level, nor would I short obvious strength. However, if price retraces back to previous resistance, which is now support, I am more than happy to buy. I believe we are now in a channel and we are yet to see how we go through the awaited $55-$56 level. With that being said, we may not get filled at all. Should this be the case, we will be targeting the upper channel with a short order.
TVC:USOILLong
by Quant_
Oil Trending Up - Long PositionOil Buy Order Entry: $52.61 TP & RR: $53.79 (3.37) Stop Loss: $52.26 REASONS FOR THE TRADE Price is breaking through the upper trendline and unless this is a fakeout I expect it to continue going up until the recent highest high and maybe up until the dotted resistance around $54-$55. The market Flow indicator is showing momentum up and I hate to open a position against it, so I am definitely not shorting anywhere around the current level or unless the indicator shows otherwise. The only thing I may suggest is for you to change the SL if you are afraid you might get stopped. I have the tendency to place it quite far from the entry, but this time I am taking a bit of a risk. It's your call here.
TVC:USOILLong
by Quant_
Crude Oil Wave Analysis After a strong show in the last weeks, crude oil needs to make an obvious correction. We expect the correction to be of ABC structure and it has already completed waves A and B. Further, the structure resembles a bullish flag pattern and the price is at the upper parallel now. Currently, the pair is forming a bearish flag pattern in the short-term charts and a break below could guarantee a safe entry to bears. PS: Aggressive trades, refer to the resistance at 40.41 for the stop.
TVC:USOILShort
by traderpulse
1
CRUDE OIL (USOIL) Weekly, MonthyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the weekly and monthly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
TVC:USOIL
by Dinjin
1