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$USOIL Down Week Opening Buying Windows for Inevitable Long$USOIL fell roughly 1 per. Barrel yesterday and is showing the signs of a second consecutive down day. Though most of the oil giants gained yesterday, pre-market indicators are showing a trend downwards to open up some good buy windows for the correction to-be. $USOIL should be around the 60/bar mark by the open of the fourth quarter, so some good entry points are opening up today on the major oil stocks while the commodity itself, of course, is the LONG behind the corrections in individual oil stocks. Good time to hop in on a few more corrections! Happy Trading!
FX:USOILLong
by BDRTrigger33
$FTSI can rise in the next daysContextual immersion trading strategy idea. FTS International, Inc. provides hydraulic fracturing services in North America. The demand for shares of the company looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $7,06; stop-loss — $6,05. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
FLong
by KozakHlib
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
Oil To The APEX, It Hit, Now What:Currently Oil is apexing and finding a resting spot over the consolidation zone below whilst hitting its head against resistance zone one (this is a zone of price and not a fixed price) I’ll leave the prior trendiness intact until weekly close as this market, although moved north, hasn’t given enough confidence. A push to R2 would show this. Oil has enough strength to go up from here and not bounce off support at the top of the consolidation rectangle depicted. I’ll check back in at weekly close. 📈Support & Resistance📉* Support Levels 1st Support Zone: 28.82 2nd Support Zone: 24.89 3rd Support Zone: 20.72 Resistance Levels: 1st Resistance Zone: 32.50 2nd Resistance Zone: 37.62 3rd Resistance Zone: 42.11 Price Level Consideration ATH: 147.27 All Time High Half Way Point: 73.64 Prominent High: 65.53 Prominent Low: ZERO 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 77.04 🐻 Bearish below: BEARISH at the moment Monthly & Weekly Opens Monthly Open:18.86 Weekly Open: 29.78
TVC:USOIL
by LandenInternational
1
SCHLUMBERGER $SLB Short SetupBeing in one of the industries being hit the hardest by this outbreak, I believe further downside movement is due after our triple top @18.5$, our rejection of the 100 MA coupled with the bearish divergence on the MACD may point us towards a retest of our local support range marked by the green box or even possibly creating new lower lows. We can also notice a possible head & shoulders formation developing on the chart, which in my opinion will playing out due to the gap in price possibly creating further downside pressure. To be safe I would trade at the breakout of the neckline. I expect the overall market to drop as we can see a bearish divergence on the S&P, which I had pointed out on my last $AIG trade setup. I would keep a tight stop at either the top of the shoulder @17.3 and TP would be the range indicated by the green box. Cheers and good luck. Feel free to share your thoughts!
NYSE:SLBShort
by Zanalysis
CPE - Hedged Oil Company positioned to breakoutCallon Petroleum Company is an oil bounce play. I am normally very against this but am short term bullish on this and NAT (tanker company) as far as oil is concerned. The setup is as follows: They have uniquely hedged themselves with oil swap contracts valued $50+ per barrel. Someone deserves a bonus. This is the highest valued swaps I have heard of recently. I'd be surprised if this thing doesn't fill the gaps up to $2 before the ER on 5/27. Hopefully more chances below 0.80 to buy.
CLong
by UnknownUnicorn7786231
4
AM: $5 Short + Upside Curve Bullish PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into some of my key points. AM looks like it has started to break its previous resistance curve and is currently on a bullish run. The demand curve should start going up for oil, so it may have a long potential as well, but right now overall I am calling a short target of at least passing the $5 threshold.
NYSE:AMShort
by gamer456148
RIG testing crucial multi-year supportFrom February 2011 until November 2016, a major resistance trend line has kept RSI well below 50. In November 2016, there was a minor breakout, which ultimately failed and re-entered bearish territory. Since August of 2017, the RSI has held above this trend line until this month. After the RSI resistance breakout in late 2017, the trend line has been tested on 3 different occasions for support; - February 2018 - December 2018 - August/September 2019 We are currently BELOW this trend line, but the monthly still has one full trading week left. They say the more times a trend line is tested, the weaker it gets. Although I agree whole heartedly with that statement, it truly depends on the area you're attempting to trade. With investor sentiment currently in the toilet due to Coronavirus, there is an extreme amount of fear and a record number of short positions. This trend line is now very very close to oversold. With price below it, it is in my opinion a very strong buy signal especially if accompanied by a hammer close. On the most recent successful support re-tests, price wicked below and closed as a hammer, even after strong bearish pressure. Currently, RIG is only 00.08 points away from exactly 30 RSI. SERIOUS bullish RSI divergences are present in the daily, 2D, 2W, monthly, 2M and 3M charts. There is especially strong bullish divergence in the MACD on all time frames above the weekly. MACD: RSI: Monthly zoomed out
NYSE:RIGLong
by UnknownUnicorn5836947
Oil Rekt; Don't Trade Against the TrendOil got, as they say, rekt yesterday. Our trend following system has spent most of 2020 warning of the downtrend. This chart is a good example of why an objective trend following system is more effective than a subjective knife catching approach. NOTE: We provide charts every day, so Comment, Like, and Follow to help us grow! --- STRATEGY USED: Momentum Mover Trend Confirmation = Fractal Trend Entry Signal = Breakaway Scalper Exit Signal = Breakaway Scalper OR Orderblock Mapping --- DESCRIPTION: 1. Fractal Trend has been showing a downtrend (background color Maroon) for Crude Oil Futures (CL1!) since the start of 2020 for the most part. 2. We only take trades with this strategy when Fractal Trend (background color) AND Breakaway Scalper (bar color) agree on the direction. 3. For most of 2020 Fractal Trend has been showing a downtrend, and for most of 2020 Breakaway Scalper agreed on the direction by showing a Red bar color. Most of the short signals produced in this time were profitable. 4. Of course, the recent short signal that was confirmed on April 14th (we want to take the trade after the first candle closes confirming the trade) was the mother of all shorts as anyone shorting there shorted the historic crash to -$40 a barrel for Light and Sweet Crude futures. 5. While it is not realistic for most of us to have been short Crude Oil futures, and closing at the perfect bottom is perhaps even less realistic, this chart none-the-less stands as an example of why trend following systems work.
NYMEX:CL1!
by AlphaBotSystem