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Oil(wti)

WTICOUSD: Triple Bullish Divergence at Bullish Bat PCZWe have a Triple MACD Bullish Divergence at the PCZ of a Bullish Bat that happens to align with the 200-Week SMA and the 800-Week EMA. I have generally been bearish on this chart since the highs back in 2022: but the persistence it's shown at this Harmonic and Technical level of confluence makes it hard to ignore the potential for at least a 50% move up back to the level of $100. The 1.618 is at the level of $96.13 but usually if price gets that close to $100, the asset ends up hitting $100, so my target will be $100. I do think that after it hits the level of $100, it will likely come back down and continue the bearish trend all the way down to even $10, but in the meantime, it looks like there is a decent chance of a short-term rally, which in this case happens to be about a 50% move up from the current level.
OANDA:WTICOUSDLong
by RizeSenpai
WTI OIL Double Top rejection or break-out?WTI Oil (USOIL) almost hit today 83.50 (Resistance 1), which was the April 12 High that caused a rejection on the 1D MA200 (orange trend-line). The 1D MA200 is now long broken, so any 1D candle close above Resistance 1 will be a bullish break-out targeting Resistance 2. In that case we will buy and target 93.00. Until it breaks though, especially after an initial bearish warning shot on the 1D RSI that broke below its MA trend-line from overbought levels, it is very likely today's test to end with a price rejection towards 74.00 (Support 1). In that case, we will wait for the most optimal bearish confirmation by the 1D MACD and sell after a Bearish Cross and a rejection on the 4H MA50 (red trend-line). Our target will be 74.00 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
4
USOIL:i think it will continue to fall Hello traders, I think crude oil will continue to fall, what do you think? From the 4 hour chart Near 79 is the support level of the last few rebounds. I think it can be regarded as a short-term watershed. If this support level is broken, the downside will open below. Conversely, if support is formed here again, you can wait to buy short positions near 80.7. From a margin perspective, the downside is significantly higher than the upside. Judging from the current K-line distribution, the signal of peaking at the high level is obvious, so I think it will fall below here, and then accelerate the decline. Therefore, in terms of strategy, 79sell tp is around 77.3, and it will be around 76 after breaking the position If you agree with my point of view, welcome to follow TVC:USOIL FX:USOILSPOT BLACKBULL:USOIL.F
TVC:USOILShort
by Gina-lovestotrade
On the Rise as expected 🛢️🏌🏻 (Bad news...) ⛳A well times Long on the previous Oil post: Unfortunately i was right and I think the 'price is right at 88-92$' in the best case scenario....' 100$ barrels still a valid scenario for end of year.. i hope we don't see that Why bad news? The answer is off course inflation. We live in a dirty world where humans still make wars and play all kind of dirty tricks for money and power. Hope you filled up your tanks at the previous post, if not maybe do so while it's still early. One Love, The FXPROFESSOR ⛳
TVC:USOILLong
by FX_Professor
USOIL:I think shorting is the main Hey traders, I think crude oil is about to reach a short position, what do you think? From the 4-hour chart, the pressure of crude oil is around 77-77.2. If it does not break through 77.3, then the strategy can be shorted around 77-77.3. The target is first around 75.5, and after it breaks, look around 74. If it reaches near 74 to form a support, then backhand to do more. If you agree with my point of view, welcome to pay attention BLACKBULL:USOIL.F FX:USOILSPOT TVC:USOIL
TVC:USOILShort
by Gina-lovestotrade
1
PVVM Analysis & Trade Idea - USOILMacro PVVM Analysis: The Macro PVVM score provides us with an understanding of the long-term trend of the asset. On 7/10/2023, the Macro PVVM was at -9, indicating a slightly bearish sentiment in the long-term. However, by 7/20/2023, it had climbed to 60, suggesting a notable strengthening of the bullish trend. Considering the range of the Macro PVVM (-150 to 150), the asset is not yet overbought, but the increasing trend signifies a positive sentiment in the long-term. This suggests that TVC:USOIL might have potential for further growth in the foreseeable future. Micro PVVM Analysis: The Micro PVVM score represents the short-term trend of the asset. On 7/10/2023, the Micro PVVM was at 98, which indicates a strongly bullish sentiment in the short-term. However, it experienced a slight dip to 72 by 7/20/2023. The momentum seems to be weakening slightly, as it has declined from the peak of 114 seen on 7/12/2023. Key Takeaways: 1. The long-term trend of EASYMARKETS:OILUSD has turned bullish, as evidenced by the increasing Macro PVVM score. 2. The short-term trend has been predominantly bullish, though it experienced a slight decline in recent days. Trade Idea: Considering the current technical analysis, you might consider a long position in TVC:USOIL . Traders could wait for the correction expected by the Micro PVVM to end and then enter long positions.
TVC:USOILLong
by SwingSwiss
CRUDE OIL On The Rise! BUY! My dear friends, This is my opinion on the CRUDE OIL next move: The instrument tests an important psychological level 76.77 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 80.26 Safe Stop Loss - 74.31 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
4
WTI CRUDE OIL Double rejection on the 1day MA200WTI Crude Oil hit and is getting rejected on the 1day MA200 today. That is the 2nd time 4 days to do so. That is a technicals Double Top rejection and if the 1day RSI crosses under its MA, it will confirm the bearish move. The long term pattern is a Channel Down and as we described last time, this isn't just near its top but also near the 1week MA50. Sell and target the 1week MA200 at 68.50. Previous chart: Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
9
$74 could be pivotal for WTI over the near termCommodities were broadly lower yesterday with the CRB index falling to a 4-day low. Geopolitical tensions are rising following Russia’s decision to back out of a key grain deal which allowed Ukraine to export grain through the Black Sea. Weak data from China and news that Libya will restart oil production also saw WTI fall for a second day. What has caught our eye is that WTI played very nicely with its round numbers yesterday, printing the high of the day at $76, a lower high at $75 and lows around $74. It is also considering the break of a trendline, although unless volatility picks up it runs the risk of moving sideways through it (which is not in the spirit of a trendline break). Still, $74 appears to be a pivotal level over the near-term. And if prices print a minor bounce, we’d still consider shorts below $75 with a view for it to trade to $73. Take note that it is contract expiration today so we may see spills of undesirable volatility, but overall we want to see which way momentum takes this market next.
NYMEX:CL1!Short
by CityIndex