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Oilsignal

USOIL Market OutlookHi friends, I hope y'all having a profitable week. As you can see that the price is currently running above the double bottoms neckline and in between the short-term moving averages. Before it got to where its at, the price bearish broke and didn't retest the Weekly Neckline 2, 2nd Daily Key, and 1st Weekly Key Lvl - giving us our bullish targets; on the other hand, it gave us our bearish targets by previously bullish breaking without retesting the 5th Daily Key Lvl and Daily H&S Neckline. So, if the price bounces off the Mini Daily H&S Neckline with a bearish reversal pattern that leads the to break and retest the 8 MA, we'll be expecting a drop for the bearish targets. If the price bullish breaks and retests the Mini Daily H&S Neckline together with the double bottom neckline and bullish crossed short-term MA's with the patterns accumulation phase, we'll be expecting a 3-level uptrend to the bullish targets. Just a friendly reminder: Trading is not gambling if you know what you’re doing. It is gambling if you’re just throwing money into a deal and praying. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section. I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
TVC:USOIL
by Doji-2k1
The oil goes overboard (2030-2040)Today's energy crisis is not a sign of strength of the oil companies, it is rather witness to the fact that the world economy has a very high productivity, still partly based on fossil fuels, but now moving towards properly renewable and alternative resources. I believe that the tops we will reach in the next few months will only accelerate the transformation into properly renewable energies. Oil demand will drop rapidly in the next decades, altough the demand will remain for some products (plastics, mechanics, etc.). This is not a trading recommendation, nor an advise to buy or sell anything.
TVC:UKOILShort
by Lobotto
Oil Analysis: Oil may test above $107/Barrel The crude oil price broke the history in April 2020 and moved back to $00.barrel less than two years ago though the crude oil price is now $92 / barrel. Due to the Corona effect, crude oil prices have been low for a long time, but crude oil prices have been rising steadily since April 2020 due to rising demand. However, there is no doubt that crude oil has risen sharply in recent weeks due to the Russia-Ukraine issue because Russia is the largest energy supplier to Europe. Although Russia is not a member of OPEC, it is one of the world's largest exporters of crude oil. The Middle East crisis also has been responsible for the volatile oil market for years. Crude oil prices have plummeted due to the smuggling of special ISIS oil stealing. The US also has given economic sanctions on Iran. That's why it has forced Iran to sell crude oil at much lower prices to several countries, including China. The international community has deliberately destabilized the oil market. The oil price is much higher now, so it was natural for oil-exporting countries to increase supply, but crude oil prices are not falling due to several geopolitical issues. However, if this geopolitical problem is not resolved in the foreground, the price of crude oil may soon exceed $100 per barrel. Oil price is directly involved in inflation. If the price of crude oil goes up worldwide, the price of every goods and service will go up in the developed world. Commodity prices can create hyperinflation when the purchasing power of the ordinary person goes out. In that case, it is not uncommon for the world to move towards another economic recession. Technical Analysis: The current crude oil price is $92 / barrel. The market has dropped a bit from last week's trendline resistance. And from the current rate, the trendline support price is $85.63 / barrel. If next week the Russia-Ukraine issue declines or does not rise further, there is a possibility of a slight drop in crude oil price correction. But until then, crude oil prices won't drop much. However, if the price of crude oil falls below $85/barrel for some reason, the market will first test $77.50/ barrel. And the next target is 65/62 dollars/barrel. However, Crude prices can only drop if the geopolitical problem resolves or an announcement from OPEC increases oil extraction. Although so far, no such symptoms have been seen. On the other hand, if the Russia-Ukraine problem escalates further, the market will test $97 / barrel again. The next target is $100 / barrel, and the last $107 / barrel is more likely to be tested this year. However, for some reason, it is better to stay in buy mode on crude oil, especially if it is available at $75/73 / barrel. It may be better to stay in buy mode with a few pips stop loss. . Because as the days go by, the global crisis continues to grow, and oil prices have been low for a long time because of Covid-19. Many countries have not been able to import oil. That is why there is so much demand for crude oil right now, and the demand for crude oil will probably continue to increase throughout 2022. You have to remember resistance level should never be a good choice for buying crude oil. When the crude price comes to a support level after correction, it would be better to stay in buy mode from the support level.
TVC:USOIL
by Gold_Trading_Expert
1
WTI OIL , channel breakout , time for retest and then pump!hey yall , if you look at WTI Oil's past rn , you'll see we kinda have the same pattern rn . in both of them we have descending channels . in the last pattern , WTI did a retest after breaking above the channel . so I'm guessing after going up a little bit , we will have a retest and then pump is gonna happen . it'll be a huge pump . imo the price will even get to 1000 $ . we'll see though , if we were alive... so the next update will be 3 years later perhaps , this retest will probably take 3 years to happen cause we are on monthly chart . Imma update it if I was alive :D if you liked the idea , give it a like . and if you wanna see more of these , follow , heck of analysis are on the way ! also tell me your opinions on this idea in the comments . GoOOoOd LuUuUUuck
FX:USOILLong
by ArminChiani
WTI Breakout This one is for those breakout traders. Looks like WTI wants to break out of this downward trendline. If it does there is two setups I would take, one with a conservative TP at $23.4, and one much more of a swing type TP that might have to be held for a prolonged time at $28. An aggressive entry would be with any kind of trendline break around the $19.7 - $20.3 range. A more conservative entry would be to wait for a 4H close above trendline and stack limits down to the trendline for the retest. To each their own, follow your rules and manage risk.
OANDA:WTICOUSDLong
by Chloster