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Oiltrading

Valuation Chart for Exxon Mobil (by The Equty Channel)Average analyst target for Exxon s higher at $127.79. Traders who want to take advantage of this may wait to enter the trade near far value of $83.64. Oil prices hare being negatively impacted by the current economic environment and there could be some near term downside ahead of greater summer demand. Those looking to invest should know that the longer term outlook for Exxon calls for earnings to experience a -10.74% CAGR over the next 5 years. Pairing that information with my knowledge of the current economic environment it suggests there could be pandemic-like draw down for the energy sector, as the global economy continues to weaken. Investors should understand that Exxon is anchored to lower prices and wait for better buying opportunities. Tune into the Equity Channel Podcast next week for a discussion of what we may be able to expect in the second half of 2023.
NYSE:XOM
by D1Finance
WTI OIL Sell now and buy back on this levelWTI Crude Oil had a heavy rejection on the MA50 (1d) that broke today Support (1). The selling can extend beyong Support (2) before we get a new buy signal on the (1d) time frame. The long term pattern remains a Channel Down and every MA50/100/200 (1d) test is a sell opportunity. Trading Plan: 1. Sell on the current market price. 2. Buy at 66.00. Targets: 1. 66.00 (Fibonacci 0.1 as it happened on January 5th, a similar fractal). 2. 75.00 (the MA100 (1d)). Tips: 1. The RSI (1d) is under its MA level, which is exactly what happened on January 5th on the short term Low. If the RSI crosses back above its MA, it will be a confirmed buy signal. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOILShort
by TradingBrokersView
1
Will USDCAD Breakout with Western Texas Oil on the Rise?Are you ready for some oil talk? Because I've got some juicy information for you that might make your day. Rumor has it that Western Texas oil is about to rise, which could mean big things for the USDCAD. You see, the Canadian dollar is heavily tied to the oil price, and if it goes up, we might see a breakout in the USD CAD. So, what does that mean for you? It means that you might want to consider loading up on oil and potentially making some sweet, sweet profits. Now, I know what you're thinking. "But wait, isn't oil a volatile market? Isn't it risky?" And to that, I say, "Of course it is! But what's life without a little risk, am I right?" So, if you're feeling adventurous and want to capitalize on the rise of Western Texas oil, I encourage you to load up and get ready for the ride. Who knows, you might just come out on top. Happy trading!
Long
by bryandowningqln
WTI CRUDE OIL: Strong short term buy.WTI Crude Oil hit the bottom of its short term Channel Up, breaking under the 4H MA50 and MA100 after forming a Bullish Cross. With the 4H technicals turning red (RSI = 42.535, MACD = 0.300, ADX = 23.704) we have the conditions for a short term buy opportunity. Our target is the 1D MA100 which is sitting on the 0.618 Fibonacci level (TP = 75.50). The last 4H MA50/100 Bullish Cross resulted in the market peak on the 1D MA200. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
10
WTI OIL Hit the MA50 (1d). Selling action plan.WTI Crude Oil hit the MA50 (1d) today after 3 weeks. Inside this multi month Channel Down, the strongest Resistance-Sell entry level has been the MA100 (1d). Max level it reached before getting rejected as the MA200 (1d) on April 12th. Trading Plan: 1. Sell on the MA100 (1d) at 75.80. 2. Sell on the MA200 (1d) at 79.00. Targets: 1. and 2. 70.00 (over Support 1). Tips: 1. The RSI (1d) is showing a price action on a slow rise over its MA, similar to December 15th and January 11th. This is an additional indicator showing that the top is near. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOILShort
by TradingBrokersView
25
Today's crude oil trading advice Recently, the market's expectations for future fuel demand have declined due to the heightened risk of the U.S. economic recession, and API and EIA inventories have rebounded by varying degrees, which further supports this expectation. However, the AIE International Energy Agency strongly supports crude oil demand, coupled with the expectation of a new round of production cuts by OPCE+, crude oil has begun to reverse repeatedly after falling. After falling as high as 70 in the last trading day, it stabilized and effectively rose, and accelerated after the EIA data, it once hit the first line of 73.2, and the short-term range has repeatedly remained unchanged, and the operation is still not too much to chase Today's crude oil trading advice usoil:sell@72.5-73 tp:72-71.5 Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
TVC:USOILShort
by UnknownUnicorn55305536
WTI CRUDE OIL: Triangle breakout revealing the trend.WTI Crude Oil is failing on the 4H MA50 and maintains a dangerous Triangle on the 4H timeframe on neutral technicals (RSI = 44.789, MACD = -0.040, ADX = 23.667) which can breakout either way. So far it is supported by an HL trendline like the March pattern but if this breaks, which would mean downward breakout for the Triangle, we will sell, after the 4H MA50 gets rejected as a Resistance, and target the S1 (TP = 64.00). If the Triangle breaks upwards, we will buy and target the 4H MA200 (TP = 76.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
6
WTI Crude Oil (The momentum has shifted!) View On WTI (15 May 2023) WTI is in * Downtrend in short term (Intraweek) * Downtrend in Mid term (Intramonth) * Downtrend in Long term (Last 3 months) Follow our analysis on early May. Crude Oil had a good run up to the resistant area of 72~74 before it gets shoot down again. Now we can except $67 regions as a good support and the price can go there first. So, We are not in the hurry to buy in just yet the current momentum is still the bearish one. Stand aside first if you are looing for a long entry. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
OANDA:WTICOUSDShort
by SonicDeejay
WTI OIL 15-19 MAY 2023 TAFrom my point of view, WTI OIL is currently in a downtrend since the Death Cross occurred on September 8, 2022. The bearish movement may continue if the bulls do not respond. If you plan on buying, the 68.00 level would present an excellent opportunity, but it's advisable not to hold your position for too long. As long as there is no clear indication of an upcoming golden cross, the trend will remain the same, and a reversal may occur at the end of this month or the next. At present, it is recommended to trade based on the price action.
TVC:USOIL
by arnvon1213
WTI CRUDE OIL: Rebound on Higher Lows expected. Target 4H MA200.WTI Crude Oil is trading around the 4H MA50, testing the harmonic HL trendline as on the previous bottom rebound on March 24th. The 4H technicals turned red (RSI = 39.049, MACD = -0.190, ADX = 28.123), which again is consistent with the March pullback. We are adding a new buy here, targeting the 4H MA200 (TP = 76.50). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
4
WTI breaks out ahead of US inflation dataWe suspect volatility may be on the quiet side with a US inflation report looming, but this provides the opportunity for markets to consolidate and traders plan trades. Should we see the pace of inflation to continue slowing, it could strengthen oil prices for two basic reasons. 1 - A weaker US dollar, as traders bring forward rate cut bets / solidifies bets of 5.25% peak rate 2 - Reduces the odds of a recession and increases oil demand expectations The softer inflation is, the stronger the bullish reaction for oil could be expected. - WTI futures closed above trend resistance following a bull-flag breakout, which was accompanied by positive-delta volume during the rally to recent highs. - Prices are now consolidating, but we'd welcome a pullback towards $73 to buy dips in anticipation of a breakout above $74. - Initial target is $76 (near the upper daily ADR band) - A move to (and beyond) $77 could be on the cards if we're treated to a weaker-than-expected inflation report - The bias remains bullish above $72.50
NYMEX:CL1!Long
by CityIndex
WTI CRUDE OIL: Any pull back is a bargain to buy.WTI Crude Oil delivered what was expected, it hit our long term TP = 66.00 and is rebounding after a new Lower Low at 63.65 (S1). The 1D RSI is still very low (35.546) while the 4H technicals just got out of their yesterday's remarkably oversold condition (RSI = 36.200, MACD = -1.970, ADX = 63.277). Our short term target is the 0.382 Fibonacci (TP = 71.25) and medium term the 0.618 Fibonacci (TP = 75.50). We don't rule out one last pull back and if it happens it will be another bargain to buy low, as it was on March 20th. Regardless of that, the 4H MA50 is always a candidate for rebounds and it can match the 71.25 short term target ideally. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
2