USD/NOK SELL (Oil)We have a sell set up for the USD/NOK as higher oil prices support the commodity-linked Norwegian Krone.
We look at entry price, stop loss strategies using volatility analysis.
Longoil
$XOM - Exxon Mobile Daily ViewExxon posts lighter than expected Q3 loss, slashes 2021 capex plan - seekingalpha.com
Was thinking this might drop below $30 on this ER but its been holding up. Looking for a swing back up near $34-$38 range.
WTI Long setupDespite current structure holding there is a valid long buy stop.
above MA's, and the strong support at current price has not historically been a strong resistance.
Oil Long Gartley Pattern 80% Win Rate Will be keeping an eye on this one.
Gartley pattern forming on 1Hr Time frame on OANDA:WTICOUSD
The D Completion point ends right at a structure level and at a 50% Fib level from the bigger move.
Easy Money :)
LONG CRUDE WHEN EVERYONE IS BEARISHGood Day Traders!
Here's the trade idea and do let me know if you have any questions! 💰💰💰
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Our CRUDE setup
Rules:
1. LONG ONLY when price touched the white box. (Checked)
2. LONG ONLY when bullish candlestick formed in 4H/1D chart.
3. DO NOTHING when above #1 & #2 are not met.
TP 1 : level near 28.00
TP 2 : level near 36.00
CL : closed below 15.00
RR > 5
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LONG CRUDE WHEN EVERYONE IS BEARISH (UPDATED)Good Day Traders!
Here's the trade idea and do let me know if you have any questions! 💰💰💰
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Our CRUDE setup (updated following June futures contract)
Rules:
1. LONG ONLY when price touched the white box. (Checked)
2. LONG ONLY when bullish candlestick formed in 4H/1D chart. (we are waiting for this)
3. DO NOTHING when above #1 & #2 are not met.
TP 1 : level near 29.00
TP 2 : level near 34.00
CL : closed below 19.50
RR > 5
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"All winning professionals know the enormous importance of psychology. Most losing amateurs ignore it."
DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
USOIL BAT Pattern formation trading setupHello traders, it has been a while.
Here is a harmonic pattern trading setup capable of initiate the reversion in the OIL market.
If the price manage to descent in the 21$/barrel territory accompanied with the right price action we will have a chance to go long.
Of course news are playing a key role in the Oil market and maybe a dicline to that price to be followed by a new agreement/announcement of OPEC and Non-OPEC producers for more drastic measyres in order to support the price.
In any case this is a technical analysis setup and can be stand alone.
Targets to the 38,2% and 61,8% AD retracement and Stops 10-20 pips below X point.
With regards,
Michail Sideris
US OIL - WTI LONGI think US OIL is ready to fly. Support seems strong and valid.
This was my long outlook before
If support gets broken, I will expect the other scenario to play out
Let me know your thoughts if you find it interesting.
**Disclaimer - This is not a trading signal but my idea!
CRUDE HIT LEVEL 20 ???!!! THE WORST IS OVER, LONG NOW !!Good Day Traders!
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Below is our call to short US crude until level 20 :
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LATEST UPDATE ON US CRUDE:
So basically we received many questions asking will the US crude to go lower & lower? Our answer is LIKELY NO !!
Very high chance for US crude to go back LEVEL 20 and test the bottom again. We will go LONG if the price did not break that level.
Downside is limited, upside potential is HUGE! Pay your attention closely this week, and your reward will be GREAT.
Remember to like and comment, share with your ❤️️ one so that they don't miss this OPPORTUNITY!!
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Happy Trading :)
CLM0 3 Day Chart: Long-term Buy Oil opened the week with a massive gap of more than 30%; a clear selling climax move. At this point, most of the selling was absorbed by institutionals and I do not see the selling continuing for much lower. Oil has already regained 20% since the low was printed early in the morning hours. A great opportunity for long-term buy entries. Mind the risk though - have at least a $6k risk buffer per contract here. Depending on the exclusion of the "lower for longer" approach here by the oil giants, we could see a mean-reversion to the $50 area rather quickly - by H2 2020. Around $50, a decent profit of under $20k per contract expected.
Crude Oil to rally upCrude Oil futures /CL have bottomed out and appear to be rallying up to 56, at least; with a resistance at 60.
The MACD and OBV are supportive of the move, and the daily chart registered a double bottom with a recent high breakout.
Chart speaks for itself as it is an obvious reversal pattern. Confirmation there is a higher low, and it break the next high.
Short-term Trade: OILU / USOIL Extremely Favorable Risk-RewardI don’t believe OILU will stay at the $14 level for very long and conservatively speaking I’d say a 50% swing higher is likely.
Depending on your strategy, you could cap your loss at 2% or whatever your risk tolerance is and then go in full on a breakout. Personally, I’d buy half or a third now and hold. If prices fall, potentially up to 7% or so, I’d accumulate more and once the breakout happens go in full.
US Crude Oil Long - Term View and an April-May 2019 ReviewAn overview of a short trade I engaged in using OILD back in April and May, capturing a portion of OILD's 110% increase alongside USOIL's 25% decrease. In addition I talk about the long-term perspective of US Crude Oil.
Short-term Scalp USOILEntry: ~52.80
Exit: ~56.90
Aggressive Exit: ~59
Stop: ~51.93
If the bottom purple trend line gets broken at about 51.93, sell that and look to enter a short position.
Chart will be updated as new information comes in.
Short-Term OILU TradeEntry: 17.50 pullback & 19.15 breakout
Stop Loss: 16.90
Exit: ~21.85. ~24.60 if you think USOIL will hit $59
Long-Term USOIL ChartThis is a basic chart for educational purposes. The arrows drawn are not predictions, merely possibilities.
There are two scenarios I see potentially playing out:
1. Deflationary crash. I don't think this is the most likely scenario. The Federal Reserve would have to continue with monetary tightening by allowing interest rates to rise and they'd have to be very slow in responding to a recession (like 2008). If this does happen, I see us following the red arrow. With the economy slowing down as it is, this isn't outside the realm of possibility, a big slowdown would have to take place and surprise most people.
2. Inflationary pressures spark higher OIL. Inflation is supposedly "low". If interest rates go lower, Quantitative Easing makes a comeback, and the budget deficit increases (normal during a recession), then there is no way inflation remains "low". 2% per year inflation could very easily and very quickly be exceeded. These inflationary pressures will be good for oil.
Oil Chart Medium-ChartI made this chart on March 29th and I'm leaving it untouched. Oil is looking good over the short & medium term
Oil shows bullish continuationwe should see the oil at higher prices very soon based on technical and fundamental analysis .
End of 2018 = major bottom in Oil? / clear pictureUpdate on the high TF targets / possibilities for Crude Oil WTI.
Thread carefully.
Nick
