CrudeOil Breaks Out Of From The Up Trend Channel Hello everyone, if you like the idea, do not forget to support with a like and follow.
Oil price broke the lower trend line of the ascending channel, for the moment i am looking for a retest of the broken trend line as we found support at 59$ and the indicators showing strength to the upside.
As market moves i will updating this post stay tuned.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Oilanalysis
Oil Short SetupOil Short Setup
🔵 Entry: $67.20
🟢 TP & RR: $64.54 (1.96)
⛔ Stop Loss: $68.56
Trade Reasons:
✔️ Gap to fill
✔️ Overbought level
✔️ Market Structure
key reversals indication for downside correction 50.90 & 50.10daily three key reversal bars dictating downside side correction. these bars are early indication for trend reversal. use sell limit by 53.30 with 54.30 stop loss. target may set 50.90 & 50.10. take two positions by dividing half risk each, one for first target, second for second take profit.
CRUDE OIL TECHNICAL ANALYSIS, BULLISH VIEW. Since the beginning of January there has been a strong bullish momentum, reaching almost a price of 54.00.
Looking at the 1h Chart we can see how a double top has formed and buyers failed to break above previous high. Market is currently in a correction phase, a good buy opportunity can be at the retest of support level: 51.50 otherwise if the price manages to get below support i would wait and see if the 4h/1D bullish trend line gets respected and look for the formation of new higher highs and higher lows to enter for a buy.
Safe sells are set only if the strong bullish trend line breaks.
Oil Ready For a ReversalConsidering it's Friday today, I decided to post a general analysis on Oil as opposed to a specific entry-target-stop loss idea as I usually do. I refrain from keeping positions over the weekend as a lot can happen and I don't want to be overexposed. So, if it's not a setup that I feel very confident about, I rarely open trades on Friday. With that being said, here's what I am expecting to happen and I will continue to analyze over the weekend.
As most of us have noticed already, the bulls seem to be a bit exhausted from this move up and I am expecting that soon the demand for oil will decrease. As a result, we should see the bears taking control of the situation and push the price down. On a daily chart, we are reaching the overbought level, while on the 4h chart we are about to print a divergence (following my indicator Market Flow for this analysis).
I am expecting one last push up until we reach the next strong resistance (from a psychological and technical standpoint) of $55. Before we take a dive, I believe that price may go slightly above that level so that the Stop Losses are triggered and provide liquidity for the big players' short positions.
I see two other possible scenarios, although I wouldn't bet my money on them at this moment:
1) Oil breaks down from this ascending channel prematurely and starts a downtrend or starts ranging;
2) Price reaches the resistance level, makes a small pullback, and prepares to penetrate that level. If that is the case I believe we can see quite a big move up.
How do you guys see the situation? Let me know what you think in the comment section below.
WTI CRUDE LONG TERM VIEWoil prices maybe on the road for another bottom in 2021.
ATH possible in 5 years possible due to massive demands followed by a robust economic recovery .
Crude Oil analysis for a buy.As shown on the chart, candlesticks patterns confirm on a 'daily' timeframe how Crude Oil is a buy.
We can see that the respected level has finally being broken and with a continuous bullish candlestick.
Patience will be needed at this point as the market tends to retrace to test that exact price level where it broke our resistance level to turn it into a support level before continuing its trend in an upward manner.
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zptaflooking for something like this by EOY guys. I think we r in for a dip back to .17c B4 another leg higher tho.
OIL crossed the short term resistanceIt is possible to see the uptrend of the OIL reaching the next level above 43, probably after a short consolidation
Oil New Analysis And Free 400 Pips Are Waiting !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Oil Buy Zone Near 37.50 price Zone, Next Target 43.00Oil Buy Limit n@ 37.50
Sl: 36.50
TP1: 39.00
TP2: 40.50
TP3: 41.50
TP4: 43.00
WTI & BRENT OUTLOOKlooking for strong bounce near the previous support zone.
stop level : wti <36$ , brent <38$
Oil could get down to support before moving further upsideOil Still looks Bullish to me. But, I think it needs to get down to support before it's going further highs.
Apparently, Hedge funds have decreased their long position in OIL in recent days. It doesn't straight mean it will fall and scenario changes to bearish.
I would rather be a buyer for a longer-term target of 45$-49$ when it gets to some support which could be 41.50 or even to 40.00. Eventually, Oil will get higher sooner or later.
Happy Trading.
This is not financial advice.
We will not be liable if any losses occur.
Trading in the financial market carries risks.
Make sure to maintain proper money management to maintain the risk.
WTI > POSSIBLE COUNTER TREND?oil seems way oversold.
expecting price to go up very fast , if markets can recover once again.
Oil USDWTI 4H Long SetupOil setup.
Expecting Oil to finally break and reach $45.
Follow for more setups.
USDWTI Oil 4H Long SetupHello traders this is my analysis for a long setup on Oil.
I'm expecting a retracement to previous resistance followed by a bullish move to previous highs.
Target may be adjusted if this has long term potential.
I will update as necessary.
If you like this analysis please follow for more ideas.
US OIL Long SetupWaiting to see if price can hold above 40USD on Monday, then look for a buy signal.
The triangle pattern forming looks very bullish.
Please also look at my char attached for a long term view on how I think oil prices will develop.
