WTI OIL Break out pointsPattern: Channel Down on 1D.
Signal: Bullish above 58.85, bearish below 53.55.
Targets: 63.00 and 50.90 respectively.
Oilsignals
WTI OIL Buy SignalPattern: Ascending Triangle on 4H.
Signal: Bullish as it approaches both the Support and the MA200.
Target: 61.90 (symmetry of Higher Highs).
WTI Oil Long set up, starting bullish trend again.OANDA:WTICOUSD has now approached buying zone. The following trend indicator is based in a combination of two bollinger bands with both one and two deviations.
When the price enters the higher-end of the channel, it means the trend has started and its time to buy now. The current political tensions in the middle east should provide some support to the current trend.
Its also worth noting that the MACD indicator is indicating bullishness, since its values are above 0.00 and the price just recovered from some significant losses from the past week
WTI OIL Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as the price hit the Higher Low.
Target: 65.00 (median of the 1W Resistance Zone and a 16.60% extension from the Higher Low).
HEATING OIL Buy SignalPattern: Channel Up on 1W.
Signal: Bullish after a similar sequence has been spotted both on the candle and RSI action.
Target: 2.1400 (1D Resistance).
WTI OIL Buy SignalPattern: Channel Up on 4H.
Signal: Bullish as long as the 4H Support holds or the Golden Cross takes place.
Target: 59.50 (mid term) 63.80 (long term).
WTI OIL Waiting for the break outPattern: 4H Rectangle (blue shape).
Signal: Bullish every time it hits the 1W Support Zone (1) or if 54.85 breaks (2).
Target: (1) = 54.80 (2) = 57.45.
*The break out from the 1D Lower High (dashed line) practically gives a bottom signal waving a medium term bullish reversal.
USOIL 2 Week ForecastThe selling won’t be finished until we reach $50-$47 USOIL.
A selloff to $51 USOIL coincides with about $32 OILD
If we go below that, towards 50, towards 47, we could see $35+ OILD.
For those of you who happen to see this, I’m legitimately curious, how many of you saw this selloff in USOIL coming at $66??
What I’m doing:
Buy: anything below $28 really. 26 is good, 24 might not come but I’m gonna try for it. Sell or hold at $32, buy back/buy more on pullback to 27$, sell full @ $35+.
This is not investment advice, do your own due diligence.
WTI OIL Buy SignalPattern: Resistance/ Support trading based on Fibonacci levels.
Signal: Bullish as the price is near the 0.618 Fibonacci retracement level and the 50.40 - 51.25 1W Support Zone.
Target: 57.45 (the 0.382 Fibonacci level which may act as a Resistance).
MAJOR SUPPORT LINE INDICATING POSSIBLE REVERSALThread lightly, a correction could occur in this level or a possible reversal in trend
USOIL Potential Reversal Trade Background:
Price has been in a pullback since its massive tumble last week on May 23th. Now price is edging closer and closer to major resistance level of the channel trend.
Trade Idea:
Positioning: Short
Time frame: 30M chart
Length of Trade: 1 to 2 days
Entry: Between 59.15 to 59.35
Stop: 59.50
Exit: 58.00
WTI OIL The worst is over. Buy Signal long term.Pattern: Emerging Channel Up on 1W. Symmetrical pattern with 2018.
Signal: Bullish after the 1W Support was tested.
Target: 66.70.
USOIL Continuation Likely This is a try at USOIL pullback formation. The 4th corrective wave is seemingly approaching its final leg down.
WTI OIL Can the road to $70.00 be that easy?I am not going to over analyze this. Just a little possibility that the pitch fan indicates.
As long as the median provides Support (which was converted from a Resistance on the previous bullish leg) the 70.00 medium term target is possible. These indicators show that under those circumstances another +11% bullish sequence is certainly possible.
I know it may seem too ideal to be true but patterns serve this purpose. What do you think?
Hello, this is our point of view about US OILHello, this is our point of view about US OIL, as you can see we allready have a breakout, we wait for the 62$ support level retest and after we go into a long trade whit a possible 75$ profit target. We hope you enjoy our analisys. Have a good day!
