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Oiltrading

Would like to see some consolidation....Crude has been honoring this trendline since tagging my supply zone a couple of weeks ago. I think we have a good chance of tagging the 200 ema at around 88 but would like to see some consolidation for a few days, similar to the consolidation that occurred on Dec 19-22. Nice inverted H&S pattern forming plus all of the bullish factors I mentioned in my last post makes this a high probability trade imo. China opening up should provide some tailwinds as well. Thanks for reading and let me know what you think. Cheers.
NYMEX:CL1!Long
by GreenBoxTrading
USOIL 70The chart shows the downtrend. After breaking for the second time the support of 78, it will test 74. We will see if it bounces towards 85 or we go to 70 Technical analysis: daily time frame The RSI is bearish . DISCLAIMER: This review is not intended to encourage the buying or selling of any particular security. Furthermore, it should not be the basis of any trading action by an individual investor. Therefore, your own due diligence is highly recommended before entering into a trade. TVC:USOIL
FX:USOILShort
by UnknownUnicorn9051525
Oil Markets Going into 2023Hey Guys, Hope you all had a merry XMAS. As I finish the chocolates and Hot chocolates We can bring up a chart.. The current sentiment around oil mixed with former Key PA levels has brought us up to early Resistance for exits / Short Scale ins. Sentiment remains pushing to the upside but NOT strong enough to smash higher yet (along with low volatility Holiday trading).. But I am sure many are looking at prices as we go into 2023 so here is a Tech Breakdown (bear in mind Sentiment mentioned above). As always Trade Small Trade Safe.
TVC:USOIL
by WillSebastian
Crude Oil Weekly Volatility Analysis 12-16 Dec 2022 We cCrude Oil Weekly Volatility Analysis 12-16 Dec 2022 We can see that currently the implied volatility for this week is around 6.51%, up from 6.33% from last week according to OVX data With this in mind, currently from ATR point of view we are located in the 83th percentile, while according to OVX, we are on 77th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 4.62% movement Bearish: 5.6% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 21.3% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 76.33 BOT: 67.24 Taking into consideration the previous weekly high/low, currently for this candle there is : 30% probability we are going to touch previous high 76.2 67% probability we are going to touch previous low 70.1 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates -66% BEARISH trend from the moving averages index Daily timeframe indicates -80% BEARISH trend from the moving averages index 4H timeframe indicates -53% BEARISH trend from the moving averages index
NYMEX:CL1!
by exlux
WTI - BULLISH CHANEL MOVEMENTWTI - All public data releases regarding one of the most traded futures on the financial markets are slightly controversial lately. What we can observe on a 1D chart is leveled bearish channel that is following so far all rules of the systematic bounce of the formed channel, if we don't observe a break below the current level it is likely to see another bounce the to mid-80s. Following the ease-up in China's Covid-19 restrictions is another reason to believe price recovery due to bulls' push might be happening in the near future. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
MATBAROFEX:WTI1!Long
by legacyFXofficial
Trading Strategies for Capitalizing on the Volatility of OilAs financial market traders, we are always on the lookout for trading strategies that can help us capitalize on market trends and conditions. One such strategy is to take advantage of the volatility of oil prices. Oil is a valuable commodity that is subject to significant price fluctuations. There are several reasons why oil is volatile, including limited supply, high demand, geopolitical instability, and speculation. These factors can cause the price of oil to fluctuate rapidly and often unpredictably, which can create opportunities for traders who are able to anticipate and capitalize on changes in the price of oil. One way to take advantage of the volatility of oil prices is to use a trading strategy known as "contango trading." Contango trading involves buying oil futures contracts and holding them until they mature. When the price of oil is in contango (i.e. when the futures price is higher than the spot price), traders can profit by buying the futures contracts and holding them until they mature. This allows traders to take advantage of the difference between the spot price and the futures price, and can provide an attractive return on investment if the price of oil rises as expected. Another way to take advantage of the volatility of oil prices is to use a trading strategy known as "spread trading." Spread trading involves buying and selling oil futures contracts with different expiration dates. When the price of oil is volatile, the prices of different futures contracts can diverge, creating opportunities for traders to profit by buying and selling these contracts. For example, if a trader expects the price of oil to rise in the short term but fall in the long term, they may choose to buy a short-term futures contract and sell a long-term contract. If their prediction is correct, they could profit from the difference in the prices of the two contracts. Overall, the volatility of oil prices can create opportunities for traders who are able to anticipate and capitalize on changes in the price of oil. By using strategies such as contango trading and spread trading, traders can potentially profit from the volatility of oil prices and generate attractive returns on their investments. In Depth Contango Trading - This strategy is based on the expectation that the price of oil will rise over time, and it is used by traders who want to capitalize on this expected price increase. When the price of oil is in contango, it means that the futures price is higher than the spot price. For example, if the current spot price of oil is $50 per barrel, and the futures price for oil to be delivered in six months is $55 per barrel, then the price of oil is in contango. In this situation, traders who use contango trading would buy the futures contracts and hold them until they mature, hoping to profit from the expected increase in the price of oil. The profit from contango trading is the difference between the spot price and the futures price. In the example above, a trader who buys the futures contract at $55 per barrel and holds it until it matures would make a profit of $5 per barrel if the price of oil remains at $50 per barrel. If the price of oil increases above $55 per barrel, then the trader's profit would be even greater. Contango trading is a risky strategy, as it is based on the expectation that the price of oil will rise over time. If the price of oil does not rise as expected, or if it falls, then traders who use contango trading could suffer significant losses. Additionally, the volatility of oil prices means that it can be difficult to predict the direction of price changes, which can also create risks for traders who use this strategy.
FX:USOILEducation
by JoelWarby