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USOIL Showing a nice Inverse Head and Shoulder. A long trade after a perfect neckline breakout and retest will give a nice return 2-5 times higher the risk. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
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Oilsignals
OASIm thinking this stock is about done getting sold, WTIC is closing in on $42 everyday, DXY is in free fall, markets r heading to new ATH's. I'm going long for $2
OIL Trading planPattern: Triangle within a Channel Up.
Signal: (A) Bullish as long as the inner Higher Low trend-line holds, (B) Bearish if the Channel Up breaks downwards (RSI on a bearish divergence).
Target: (A) 37.00 (just below the March 10 High), (B) 26.00 (just above the Symmetrical Support).
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Oil Future for sell to dayHello everybody,
The Oil Future was in equilibrium but broken after that in point A, then it came back to the rectangle in point B and break it in point C.
The break-in point C shows that for today, Oil will go down, in a decreasing trend.
So, selling oil would be a good choice for today.
But we should pay attention, if the stock break the resistance, it could return to the rectangle of equilibrium.
USOIL Evaluation on potential up coming direction indicatorsA few if and buts in here, however:
If we continue in a downward trend towards 31.4/31.45 region and then begin heading up again, Without breaking 32.0
Then if we continue with a positive trend between 7:00 and 7:30
We can expect the climb positive out of here.
If however it breaks the 31.4/31.45 region, or turns negative during the 7:00 to 7:30 window then we can expect a negative turn from this wedge.
If it falls into the 31.13-31.28 region we can also expect a downwards trend to follow.
OIL Trading PlanPattern: Channel Up on 4H.
Signal: (A) Bullish as long as the (red) Inner Higher Low trend-line holds. (B) Bearish if th Channel Down breaks downwards.
Target: (A) 35.00 and 37.00 respectively (near the two Resistance levels). (B) 26.00 (just above the Symmetrical Support).
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Recent Oil trade:
PGSVY
Hello TV, looking to take a long here on PGSVY I had to zoom in b c the chart is so gappy but the next gap to fill is around .98c. With the dollar looking for support B4 the next bounce and
WTI in the upper channel looking to test $43 this looks like a nice long scalp. The risk is pretty low with a SL around .24c if things go bad. You don't want to be in below that price as that .22c area and below brings fresh historical lows. I would simply cut looses there and look to re enter where ever pgsvy actually does bottom. I think this TP can get hit B4 June.
This is OTC that is also a risk. good luck everyone.
SCOHi guys,
I got stopped out today by the squeeze happening in WTI.. This is what I'm thinking will be the path going forward, I thinking with option expirations the DXY has gone ahead and did the exact
opposite of what I thought was going to happen, and I remember thinking that the dxy break out looked rising wedge patternish when I was still watching the break out.
But I will most likely re-enter my SCO position on Wednesday or Thursday if the price hits $25 and starts to recover as I think it will.
I think the DXY will get a spring off the 98.8 area as well which will apply pressure to #oil prices.
Peaks on OilPrevious resistance points can be observed at $31, $33, and $35 from mid-April.
We could see this rise in Oil price reach one of these peaks, before heading back down as Oil storage reaches a maximum and a second wave of Coronavirus cases occur.
This drop is likely to happen over the coming week, so a good opportunity for a Short on Oil, potentially reaching $20 or even $10.
We may have already hit a peak on Oil for the timebeing, on the other hand, we may hit a peak at one of the mentioned resistance heights in the near future.
Displayed are potential pathways for Oil to head.
Possible peak on OilWe may be currently experiencing a peak before a plunge in Oil.
As world Oil storage reaches near-maximum capacity and a threat of a second wave of Coronavirus cases due to the early easing of lockdowns, the price of Oil may fall drastically to ease these factors.
The price of Oil may fall to lows of $20, or even $10, which are previous Support points.
If the drop occurs, good gains can be made by shorting soon.
USOIL Trading PlanPattern: Channel Up on 4H.
Signal: Bullish as long as the (dashed) Channel Up holds. If not the next buy candidate is the Symmetrical Support.
Target: 29.20 (Resistance). If broken then 35.00 (Higher High of the Channel Up). If the Symmetrical Support breaks then 10.20 (Hard Support).
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USOUSD OIL BULLISH TO 24.68 to 32.88| 5th May 2020"How Malaysian people can predict the oil price accurately?
This is the long lost technique which I learn from my father.
Japanese people expert at rice price
Malaysian people expert at oil price.
We are an oil producer since generation.
Alas, not many Malaysian people know it.."
-Zezu Zaza Oil Webinar on 28th April 2020
8 years ago, when I started the journey seriously in being trader (your job is to buy and sell price),
my dad asked me if I want to learn an ancient technique. A technique which not people know
because not all people being in the oil industry at that times.
Well I said, 'Yes of course I want to learn the secret..' I said like being skeptical on how he really
can know the secret of oil price traded. I mean for a second I was like dont very pay attention
about what he told me.
That times I was like 24 years old. Very novice, juvenile and smell like nothing in my head.
Now I am 32 years old. Old enough to experience the trading like 12 years experiences just
only to watch the price daily for 12 years. Market price is my netflix.
'Well son, I learn from your grandpa. He taught me something that people like us need to
know but our races won't appreciate it because they don't know how important really is.'
My father sipped warm coffee. That time felt like peace with breeze air from outside of
our village.
(Back then poor people don't venture into the oil price trade)
Since we are a family which trade the price, we must know all the technique.
How to trade oil, how to trade gold, how to trade wheat.
And all of this traded instrument were totally different on how to trade it.
But younger generation nowadays hit everything on its path.
They think they know everything and trade the same.
Old people from our time is really good than people in your time.
All your gadget, indicator makes you stupid. Things that comes easy,
human wont strive for the success to dig the knowledge.
They prefer the indicator to tells things while indicator is a lagging coding
after price and momentum makes its turn.
I hear his mumbling bla bla bla and bla like 1 hour.
At one point, what he said is true. I cant denied.
Then he off his tobacco cigarette and sipped the coffee.
He show me something which I truly remember until now.
He draw a chart in one piece of paper...
Then I saw something huge.
Something that people need to know.
The secret is so huge to hide.
I was amazed with the prediction.
The price is like a battleground of a chess.
I stood hard to digest on every single details he told me...
To be continue..
Regards,
Zezu Zaza
2048
ITS OFFICIAL - CRISIS STARTED! OIL ATLHello guys,
As we can see we had a really big drop at 2008 when the crisis hit us, now this time is even harder as we touch the LOWER levels of oil price from the history.
Be careful with your purchases now, market downtrend will start soon and markets will hit bigger lowers again.
Thanks.
Regards,