Oilstocks
Light Sweet Crude Oil ( WTI ) 60 Min
Buy Oil
ENTRY @ 52.31
S.L @ 51.66 (1.24%) - 65 pip
T.P @ 54.99 (5.12%) - 268 pip
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.
USOIL 2 Week ForecastA lot more selling to come. Target of $48 USOIL. Consevative target of $50.
It looks like this price target could come very fast. So far USOIL & OILD has moved much faster than I anticipated, which is good. What I thought would take 2 weeks only took 2 days (40% move on OILD). This is why its important to do most of your charting & creating your action-plan on the weekend!
I’m gonna be short until USOIL hits $35 OILD.
Not investment advice. Merely for educational purposes.
Oil Technical Analysis: OIL slumps to 2-week low near $62.00 The market is likely going to continue to decline towards 62.00 level. The next supports in line are seen at 61.80 and 60.50. OIL 61.80 level H4 200 ma Moving Average, So Oil Take a Buy position 61.00 and 60.50 Area. OIL Daily 200 ma Moving Average 62.60 level breakout and stable this level short Sell 62.50/62.00 level take profit 61.90 and 61.50 Area.
Another side of OIL Stable 62.60 level buy this position, Target 63.50 and 64.00. Oil Resistances are seen at 64.00 and 65.00 level.
Daily SMA100 55.66
Daily SMA200 60.56
Previous Monthly High 60.78
Previous Monthly Low 54.79
Daily Fibonacci 38.2% 65.45
Daily Fibonacci 61.8% 65.76
Today last price 63.02
Today Daily Change -2.12
Hello, this is our point of view about US OILHello, this is our point of view about US OIL, as you can see we allready have a breakout, we wait for the 62$ 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!
Better Alternatives to MPC in Petroleum Sector Clearly, moving averages show that MPC is headed towards increased gains. However, it is having a difficult time convincingly breaking through downward short-term resistance. Moreover, oscillators at the monthly chart suggest a sell as do oscillators for the daily chart, primarily RSI and momentum. However, if you look at the comparison between other ways to invest in oil such as Brent crude, WTI, or one of the most liquid oil ETFs, MPC clearly is under-performing recently. MPC just barely beat out the S&P 500's energy sector while more of the liquid petroleum assets all greatly outperformed. The dividend yield per share is only 1.8 percent while the stock price is 11 times earnings. Overall, I am not confident in this stock's strength compared to its peers or its technicals. However, this does not mean the price won't go up, it just won't go up as high as other alternatives if the price of oil continues to climb. Because of this, if you are bearish on oil then you should get into the sector, but MPC is probably not the best way to do that.
FTI: Frequent Pre-Market Activity Can Lead to Sudden MomentumFTI has been in the pre-market trading activity for several days. This can often lead to a sudden momentum action. Oil stocks tend to react to crude oil commodity pricing which has recently been in a speculative mode.
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! ~
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! ~
forcast crude oil pricejust based on technical analysis.
no one knows the future! be careful! trade on your own risk and responsibility!
targets are illustrated on the chart.
Long OIL On the Daily it has formed a Cup With Handle trade, due to risk on environment. Look to the upside with Oil.
Long live the XOP As of Dec. 26th USOIL has been on a reversal from its 2018 Q4 correction. On Jan 10th we broke through the resistance area of $51.25. The XOP as we all know is directly related to USOIL as it tracks an equal-weighted index of companies in the US oil & gas exploration & production space. The XOP's first resistance area that was broken through was $29.90.
As XOP continued to rise we hit our next level resistance on 1/9/19. Over the last 2 days we've had trouble breaking through the $30.73 mark. According to my charting we have approached the bottom of our 7 day channel. Our 7 day forecast would predict a bounce upward into the $31.34 area. However in the last 2 days we have been creating a rising wedge. We can see a breakout to $31 and up or a breakdown back to $29.73 and below possibly even to $27.50.
Friday Jan 11 Pre Market will tell us a lot about where we go from here.
If XOP has a breakout and move up look for:
Price Tgt 1 - $31.34
Price Tgt 2 - $32.70
If XOP hits resistance and falls look for:
Price Tgt 1 - $29.73
Price Tgt 2 - $27.50
Natural Gas futures have fallen in February while Oil futures are up in February. This could create a lateral movement in the XOP however I'm fairly confident in a Bullish move for the weeks coming up.
WTI OIL the only way is up......As you can see from our chart we have a very clear and strong support level that has been tested a number of times on the daily timeframe ( we have circled these areas )
Price is now at that level and everything technical and fundamental points towards this level been used as a springboard to allow price to bounce once again.
All entry SL and TP will be sent out to clients once trade becomes valid, if you would like to join our team then send us a message as we offer a 2 week trial to our VIP group.
WTI OIL supportAs you can see from the chart we have a really strong support at 42.246 we are looking for price to test this support and bounce again.
Once the trade becomes valid we will send the signal to our clients.
If you are interested in joining our team then send us a message.
V-Formation on USOIL (USO) Since the slide the BB% and MACD has shown a negative bias. However, today a v formation which can be a signal for a repaid reversal occurred.
The EIA will release data tomorrow and I expect another large build. However, any sign of build weakness may cause a short volatile bounce-That is the tell-tell of the V.
I am taking 4 call positions on USO for DEC at 12.00 for the bounce with a 50% stop loss.
Multi-year oil price analysis According to price dataThis is what I see in the future of oil prices
Price falls in the long run
Why?-How?
There are so many things
Factors and non-core factors
can be mentioned
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Of the non-core factors that are at the bottom of the price
starting
Coming new technology for future
New fuels in the next few years
Discovering new oilfields in the world
Less affiliates People to oil
These are non-essential factors that are high and can not be cited
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But the main factors that will occur in the future to decrease oil falling down price
Can be pointed to:
Gaining the value of the American dollar in the world
1) Compared to other countries currency in the world
And the weakening of the money in other countries
In the next few years
Relative to the US dollar.
2) Stronger global knowledge To extract oil faster -Newer technologies to extract
Applying new oil extraction technologies
3) Discover new oilfields for extraction with the help of new oil discovery technologies
4) Increasing world oil production
5) *A critical factor in lowering the price of oil in the future:
The growth of the US economy and China
And the saturation of economic growth between the two countries, the United States and China
What is the saturation of economic growth?
And what impact does it have on oil prices?
The saturation of economic growth means that
A country will grow at an over-growth rate
When saturated
Time correction
And the downfall of economic growth
And when economic growth goes down
The demand for oil in the market also declines
Because factories and industries need oil to produce their products
And when the rate of economic growth is low
Factories and industries reduce demand for oil purchases
And this will reduce the price of oil
6) Global politics
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So in general it can be
In the future, oil prices going down
Unless something else happens
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Thanks for reading
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OIL MARKET DEPICTION USING BEST CUSTOM INDICATORAs you can see the indicators clearly depicting oil on the 1D (Daily) chart.
Indicators used are;
HAZEMA V101 by JustUncleL though I removed some lines in the settings to make it look this way, as it was too crowded with those lines but tweak it as best suited to you via settings.
Also you may need pro account to be able to add this indicator to your chart. I am on free trial pro at the moment, you can always try to add it to your chart and see what happens.
DISCLAIMER;
Do set stop losses on trades 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
OIL Long from 69,20 Here we can see oil is on downtrend we can long for scalp oil from 69.20's to tp 70,35 wich is first resistance...
Crude oil Growing back up to its peak! It will continue to grow!Crude oil Will continue to grow over long term, but not only the long term. What i mean by this is that the crude oil market will grow with the growth of the refineries of Irving Oil. They have recently boughten a refinery in Ireland and they will be using double the crude oil they have been recently. So whether you want to buy long or short term it will work for you. the long term will obviously have a higher gain but also with the natural energy search it could also be risky depending o the energy and economical threats that involve crude. So about a 80% Safe bet on Crude oil for short or long!
