Oilsignals
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!
very overbought market on wti, looking for pullback
hey guys,
wti is currently very overbought and I am looking for counter trend trades.
on 1H chart we see a formation of a descending triangle in an uptrend.
It is a very important reversal pattern and it is worth to focus your attention on it.
just wait and sell the breakout of the triangle's support.
your target will be based on structure around 60.0 level.
good luck!
USOIL (WTI) Previous Resistance turning Support?We all know WTI oil is bullish. It has been so since the violent bottom last December. The question is where it is better to buy?
Two scenarios:
1. The former Higher High Resistance (red line) has become a Support and the 1D Channel Up breaks aggressively upwards. So far it has provided support twice.
2. The 1D Channel Up pulls back and makes a Higher Low near the inner Higher Low Support (green line).
In both cases my TP is 65.00.
CFDs on WTI Crude Oil USOIL to SHORTOil is shorting from channel, watch for ichimoku crossover first, bottom region of drop outlined.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
TRAILING CRUDE OIL PRICE ACTION- WHEN TO SELL!Thought I should make another crude oil analysis as market did hit the top of the channel line which i am expecting a drop from here, however still waiting for my last signal on the 4 hr view for downside confirmation.
Here is my other crude oil analysis which you should find quite informative;
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
IF YOU SUPPORT IDEAS, LIKE, FOLLOW, SHARE ~ THANKS! ~
WTI OIL Sell Signal (Inverse H&S and support levels)Pattern: Inverse Head and Shoulders on 4H. Channel Up on 1D.
Signal: Bearish after the Resistance (Double Top) rejection.
Target: 58.40 (1st supporting line) 57.50 (1D Higher Low).
CRUDE OIL MARKET ANALYSISWhat you need to know about oil's current price action explained right here.
Also check out linked idea on oil market below, an even earlier and broader analysis.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
IF YOU SUPPORT IDEAS, LIKE, FOLLOW, SHARE ~ THANKS! ~
WTICOUSD came in major resistance zone.WTICOUSD came in major resistance zone. It is fibonacci 50% retracement.
