CL1! Chart Idea - Swing LongOil Chart Idea - 3-28-2024
Bullish for next few days / week as
it has made a cup n handle pattern in 4hr TF
and most likely close the candle above 82.35
TP should be close to 84.40
Oiltrade
WTI / OIL H4 Possible LONG Trade. 📈 ✅Hello Traders!
This is my view related to WTI / OIL H4. As you can see, OIL is in a very interesting phase, It took liquidity, set a new daily high, react from the OB (D1), and I expect a bullish movement until the level of 78.000.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
______________________________________________________________________________
Follow, like, and comment to see my content:
www.tradingview.com
VTOL: Prepare for lift-off, triple-digit share priceVTOL will benefit from the resurgence in offshore drilling as their fleet of helicopters becomes more in-demand. Also, the chart is technically beautiful. Clean 5 waves up off the COVID low, followed by a kiss of the 50% retrace. Sell zone is $175-290. The sell zone will narrow as time goes by.
UKOIL Long Idea
Daily bias switched over to long today. no strong resistance till 85.77 visible.
2 potential entries marked on chart along with all relevant information needed to assess long idea.
additional potential entry can be expected at London open.
I usually trade just London session but this setup looks too good to pass on if it presents right away.
but I will wait till the POC is cleared. whether it does this in next 15 minutes or after London opens up, we will see.
Get Ready for an Epic Rise: Oil Prices Set to Soar to $300!
I will reveal a scenario that could send shockwaves through the market and skyrocket oil prices to an unprecedented $300 per barrel!
In recent months, we have witnessed a series of events that have set the stage for an extraordinary rise in oil prices. The global economy is experiencing extreme inflation, with prices soaring. As a result, we are on the verge of witnessing a perfect storm that could send the value of oil through the roof.
You might be thinking, "Why should I care about this?" Well, my friends, this is an invitation to seize an opportunity that could transform your trading portfolio. So, fasten your seatbelts and prepare to embark on an adrenaline-fueled journey of epic proportions!
Here's the deal: Rising extreme inflation is causing the value of currencies to plummet, leaving investors scrambling for a haven. And what better haven than the black gold itself? Oil has historically been a store of value during times of economic uncertainty, and this time is no different.
As the demand for oil rises, driven by the need for energy in an ever-growing world, and supply constraints tighten, we are witnessing the perfect storm brewing. It's like a pressure cooker waiting to explode; oil prices will surge to unimaginable heights when it does.
So, what's the call to action, you ask? It's simple: Long oil! Position yourself to ride this wave of opportunity before it's too late. Don't let this thrilling chance slip through your fingers. Take action now and secure your position in the oil market.
Here are a few steps to get you started:
1. Conduct thorough research: Dive deep into market trends, economic indicators, and geopolitical factors that could impact oil prices. Knowledge is power, and being well-informed will give you an edge in this exhilarating journey.
2. Develop a solid trading strategy: Craft a well-thought-out plan that aligns with your risk tolerance and investment goals. Consider entry and exit points, stop-loss levels, and potential profit targets.
3. Leverage trading tools: Equip yourself with cutting-edge trading platforms, technical analysis tools, and real-time market data. These resources will help you make informed decisions and stay ahead of the curve.
4. Stay updated: Keep a close eye on global economic news, oil production reports, and market-moving events. Knowing the latest developments will enable you to adapt your strategy accordingly.
Remember, trading is not for the faint-hearted. It's for those who crave excitement, thrive on challenges, and are willing to take calculated risks. The potential rewards that await in the oil market are enormous, and it's time for you to seize this golden opportunity.
So, fellow traders, gear up, embrace the thrill, and embark on this exhilarating journey to long oil. Together, we can ride the wave to unimaginable profits!
Wishing you adrenaline-pumping trades and boundless success,
Oil Is Going To $300 A Barrel (forbes.com)
Oil continues to decline or go range boundI wanted to bring to your attention the recent news from China regarding their lending standards. It has been reported that China is cutting lending standards to shore up growth, but easing was not seen as a priority while inflation continues to be elevated.
I would caution against making any hasty investment decisions at this time. With inflation still a concern, it is important to consider any investment opportunities and their potential risks carefully.
Therefore, I encourage you to pause on oil investing and take a step back to assess the current market conditions. This will allow you to make informed decisions and avoid any unnecessary risks.
USOIL Target Price 83.316Entry At Trend Line Support. Entry: Buy Limit At Trend Line Support. Trend line has a minimum of three touches.
WTI Further downside risk? Commentary:
WTI crude: The sharpe sell-off on November 28th may have strengthened the case for further weakness in the short term (5-25 days), the November 28th opening at $76.60 and intra day low at $73.93 followed by a closing price which was below the previous day’s high (November 27th) could be confirmation for a resumption of the November 7th - November 28th downtrend. Current price is below the 20 and 50 day moving averages (bearish); MACD is below its signal line (bearish); multi-week lower tops and lower bottoms on price indicate a downtrend (dow pattern), therefore, short positions can be technically supported for a potential downside target near the $70 round number, provided price can remain below the $83.4 resistance.
Not investment advice. Past performance is not indicative of future results.
WTI CRUDE OIL WAITE FOR BREAKOUT THEN BUY....
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
USOIL UPDATE 1:9 Risk to rewardHellooooooo PIPPIN TRADERS. A trade to look out for this week. Look for setups once the low has been broken. Risk small, have a great pips week ahead.
Our second trade in UKOIL!Hello everyone! It’s been a while since I don’t update you my oil trading, so here we go. This trade is going very well, thank you very much, and this pennant was the pullback I was waiting since I booked my profits of our last oil trade. If you missed my last call, the link to them are below. Our trade gave us 45% profits, and I invite you to follow me to keep in touch with our trades and analyses. My TWITTER has some interesting stuff too, go check it there, you will understand better how I trade and how I see the market!
As I said in my last analysis, I was waiting for a bullish pattern to confirm my views, and it happened. The price found support at the purple trendline and at one of its previous bottoms (thin red line), and did a triple bottom, a good bullish sign. If you are not entirely comfortable trading the hourly chart (like me), you could’ve bought half of your position using the hourly chart, and the remaining half using the daily chart. Speaking of daily chart, here it goes:
And here’s the confirmation a conservative trader wanted! The closure outside the pennant was the ultimate sign, and that’s the point we enter again. Or you can be even more conservative and wait for the price violate the last candle’s high to buy your remaining position, and that’s what I like to do with oil (I don’t like to do that with stocks because they gap a lot). Now, the UKOIL trade 2 is on!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Sell Oil no matter what you thinkRumors are the President Donald Trump will impose 75% tariffs on ALL oil imports in order to protect American oil industry. Let's see how this will be developed.
So far history has shows that market, with their own opinion, always wins.
Will it plunge like US OIL ? The structure of trade is almost the same. The pandemic is the same, no other name that's Covid-19. There is more 160million barrels stranded in ships oil tank at sea, the capacity of storage is full and the oil / fuel demand is small.
Gold longer term high probable bullish setupGOLD, soon next 2-3 weeks gold will start its seasonal bullish movement for longer term. while usd suspect down mid of May.
SHORT USDOIL approaching resistance, potential drop!Feb 21
USOIL is approaching our first resistance at 59.85(horizontal pullback resistance, 61.8% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 55.81(23.6% Fibonacci retracement , Horizontal pullback support)
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
