USOIL Buy SignalPattern: Break out from 1D Channel Up.
Signal: Bullish either at the top of the Channel's trend line or where the MA50/200 currently are.
Target: 66.00 (below the 1W Resistance).
Oilsignals
I've just sold OILI've just sold OIL right now.
Oil is ranging into some sort of a range into a downtrend. We are now at the higher part of this range and yesterday we got a nice pinbar on the daily chart.
The bottom of this range is 53 so it give us a decent reward/risk ratio.
On the 1H chart we are just below the pivot and we have a great divergence with the MACD.
Like and follow me to see my next analysis and trades set up.
BOUNCE OIL BOUNCE!! LONG AFSaudi Arabia complained that it can’t remain profitable with oil prices this low. Trump bows to Saudis Arabia, and might fix their problem. Just an idea- as these all our. Not financial advice.
OIL SELL TP_48.99_10.36%_5.66pips_SL_55.34_1.26%_0.68pipsOIL SELL TP_48.99_10.36%_5.66pips_SL_55.34_1.26%_0.68pips
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.
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).
