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Oilshort

Oil Short SetupOIL Short Setup 🔵 Entry Level: $82.90 🟢 Take Profit: $78.42 (2.17) ⛔ Stop Loss: $84.96 Reasoning: 1) Currently an overbought level, expecting a slight cool down after which a new move up should follow, taking us to the entry target. 2) If this setup turns out to be valid, the price should print lower high on the indicator, while making a higher high on the chart. 3) Level is coordinated with previous support, which should act as resistance now. 4) Upper trendline on a descending channel.
CAPITALCOM:OIL_CRUDEShort
by Quant_
Oil Short SetupOIL Short Setup 🔵 Entry Level: $82.95 🟢 Take Profit: $79.49 (2.22) ⛔ Stop Loss: $84.51 Reasoning: 1) Yesterday's trades went as planned, unfortunately, I wasn't behind my desk to assess the volume and take them, but If you did, good for you. We are approaching the middle trendline, so I expect a small retracement after that point. 2) I am also expecting a divergence to form somewhere around the entry level. 3) Stop Loss is pretty loose since I want to give the trade some space to breathe With that being said, bear in mind the spread and the weekend fees, which may eat up your profits.
CAPITALCOM:OIL_CRUDEShort
by Quant_
Slippery When Wet......Just like my girlfriend after i tell her i have made £100,000 this week trading. 76 is such a key phycological level for oil, as you can see it has been used so many times as support and resistance before and take in to note this is the monthly timeframe this makes it about as strong as it can get! I can personally see price dropping from this 76 level, if price does drop then my next level of possible support would be 63 as shown on the chart, this also has been used as strong support and resistance in the past. The reason i think price will drop is because i can see more lockdowns coming, this will lead to nobody travelling in cars or going on holiday so there will be no need for aeroplane travel, this will lead to less demand for fuel so price will drop. You always have to look on the other side and see what would happen if price breaks 76, If this happens then my next possible resistance level is marked on the chart at 86, for the same reasons as all the other levels it has been used as strong support and resistance before. Let me know your thoughts, do you think we will be getting more lockdowns? Cheers.
TVC:USOILShort
by Free_Signals_UK
2
WTI Crude oil, the price reacted exactly in the expected area!Hello my beauties, In my previous analysis I said I expected a move to the downside in the area in red (link below this text, check it out). The price of oil is now completing a bearish megaphone (ascending broadening wedge) pattern. Check out my analysis for more trading ideas! If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
TVC:USOILShort
by TrickleDownFX
USOIL WTI Crude Oil Short, breach of a decade long pattern Oil has breached a 13 years long falling wedge. I will be shorting until the 55/57 area, then switching to a long term buy that, in my opinion, could lead priced up to the 130 area. This would allow the big petroleum companies to sell their oil stocks at higher prices as they decrease production to switch to environmental friendly vehicles. You can see that the pandemic created a spring that allowed smart money to accumulate positions at advantageous prices, around 0. We'll see a lot of strength after the trend-line has been retested. Please like and consider following if you enjoyed the idea. Peace. TrickleDown FX
TVC:USOILShort
by TrickleDownFX
3
Short Vision on OIL for 10/08/2021Hello Dear Traders, You find below my analysis for OIL which is near in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame OIL will fall to 66.8 as I am showing in my chart. Our Daily Goal is 66.5. Currently, OIL is moving towards the resistance level of 68 ,where there is some liquidity from this value we are looking for short-term selling opportunities of OIL. Good Luck and enjoy your Bearish Market for today. Entry:@ 68 TP1: @67.6 TP2: @67.3 TP3: @66.8 SL : @68.5 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
TVC:USOILShort
by HugoAJROUCHE