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Oilforecast

TRADE THE OPEC CHANNEL - LONG & SHORTI've done a full blown video on the analysis of this trade see my idea links below and the ideas behind the pin bar reversal price action training chart (how to enter the trade). We're in a downtrend so this possible reversal so i recommend a smaller risk trade, Beginners - Take profits on the way up after taking T1, move T1 and T2 your stops to zero (No risk) Advanced - leave your stops alone, you know this thing could reverse back and bouce up, like it did Friday 25th Nov. The buyers are in our favour on a move lower into the SPR and OPEC buying zone. Take profits at T1 and let the rest of the trade run up to T2 and T3
CAPITALCOM:OIL_CRUDELong
by CBMotivation
1
20 Reason for sell OIL 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Sideways 2 📆Monthly: Bullish to corrective mode 3 📅Weekly: a clear bear trend is established with proper lower lows 4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: long shadow rejected at resistance 7: 3 Volume: 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways to bear 9: 5 Volatility measure Bollinger bands: rejected at the middle band 10: 6 Strength ADX: just beginning strength for bears 11: 7 Sentiment ROC: ✔️ Entry Time Frame: H4 12: Entry TF Structure: sideways 13: entry move: wait yet 14: Support resistance base: upper resistence 15: FIB: nil ☑️ final comments: wait for breakout 16: 💡decision: sell 17: 🚀Entry:79.90 18: ✋Stop losel: 81.5 19: 🎯Take profit: 73.66 20: 😊Risk to reward Ratio: 1:6 🕛 Excepted Duration: 10 days
TVC:USOILShort
by Optimum369
How to profit from Crude Oil - LONG (and short) The USA is in a political battle over the price of oil with OPEC and right now they are winning, but how low can they go? Not too much lower actually, they need to start buying again to ensure their strategic reserves remain useful and not at risk of dropping below the requried levels to support the country in times of emergency. OPEC $64 - To ensure OPEC break even on oil product, they will control the market above SPR $72 - To replenish the reserves the USA is a buyer at $67 - $72 a barrel, not too far from where we are now EU $70 - The EU are in talks to ensure Russian oil cannot be sold above $70 Pin Bar $77 - We have a bin bar rejection to support the market move North again Fib 78.6% - We've rejected this level 7 times on the weekly and daily chart Target 1 - We've already tested and profited from this move upto $82 and we'll be doing that again Target 2 - Fib 61.8% at 88 will be our next target Target 3 - Fib 50% at 92 will be our final target Short - If we break down past 77, we'll be a buyer just below at the SPR support levels.
CAPITALCOM:OIL_CRUDELong
by CBMotivation
2
Why buying oil Oil have to scenarios on is going up to 106 $ where it will form double bottom pattern . At 75 $ which is forming now . How it fail ? Close 2 days below 75 $ Second scenario , going down as we have double top at 92 $ . Where it can reach 70 $ I believe upside worth more risk . Because it more logical and reflect the indicators as we are in over sold monthly If we cross bellow 75 $ 2 days ill be seller to 70 max 63 For daily trades i believe we have a big bounce can kill the seller soon . GOOD LUCK
TVC:USOILLong
by tornadosoul
10
USOIL Forecast: Position Trade IdeaHey trader, As you can the price is currently bearish running in the head and shoulders level 2, and below the 50 and bearish crossed short-term MAs. It is preparing to drop for the patterns L3 together for the 200 MA (that's visible on the MT4 chart). But that bias will be fully confirmed once the price has bearish closed and retested below the Daily Neckline and 8 MA (1st trade) or 3rd Weekly Key Lvl (2nd trade), to trigger what I call the "H&S C-E.1 & E.2 signals". However if the price decides to bullish rally to break and retest the 3rd Monthly Key Lvl and 8 MA, the bias will be rejected. With that said, take the trades at your own risk, because this is not financial advice. I'm just sharing my point of view, which you also can do in the comments section below. I don't mind if you do so; I'd love to know your thoughts! That's it for today. I hope you found value from this article. If you wish to see more content on trade ideas and psychology, click the posts linked below. You won't regret it. Trade Safe, Sphatrades.
TVC:USOILShort
by Doji-2k1
OIL Weekly Forecast 14-18 November 2022OIL Weekly Forecast 14-18 November 2022 Currently the implied volatility for this asset is around 6.59%, up from 6.36% of last week. From volatility percentile, point of view, we are currently on 66th from ATR and 66th from OVX index. With this volatility percentile values into account we can expected on average that the weekly candle is going to be: 4.56% for bullish 5.01% for bearish With the current IV, we can expect with a 71.0% probability that the market is not going to close either above or below the next channel: TOP: 94.68 BOT: 83.35 Lastly, based on previous calculations, we have: 31% to hit the previous weekly high of 93.8 65% to hit the previous weekly low of 84.65
NYMEX:CL1!
by exlux