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Oilsignals

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.
TVC:USOIL
by BarrieWallace
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.
PLong
by Big_Mike716
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.
AMEX:SCOLong
by Big_Mike716
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.
TVC:USOILShort
by MAdshead
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
TVC:USOILLong
by Zezu_Zaza
5
WTI Oil: Buy opportunity short term. Scenarios moving forward.Oil is trading sideways on the 1H chart (RSI = 47.613, MACD = -0.080, ADX = 28.589) as it is consolidating on the 19.20 Support. The MACD on the 4H chart just made a bullish cross and if the sequence of March 31 is repeated then we can have a rebound towards the 29.20 Resistance. That would however break the 4H MA200 (orange trend line) which hasn't been testes since January 10th and if broken would be a sign of stabilization and recovery for the market. So until then it is best to target the Lower High trend line of the Descending Triangle. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:USOILLong
by InvestingScope
6
OIL up movement but no plan yetThe oil market is overloaded with a geopolitical conjecture and I expect an up movement under the recent jawboning from Trump. I've mentioned two levels where I'd expect it to come next periods, but for now, don't have any prepared scenarios, it looks like it can be an impulse up with some pretty short corrections. What is important to mention here, we shouldn't forget that this virus based "switch-off and further expected switch-on" of the world economy can, and highly likely will cause market shares reshaping and higher oil demand. So in the long perspective, I would expect oil prices much higher than they used to be in Q1 2020, but before this, we could observe many speculations from oil-producing countries in an aim to protect the status quo.
OANDA:BCOUSDLong
by EmilShakaryan