Measure move up???3 pushes down after nice bull trend, 61.8 percent pullback, micro double bottom.
Oil can goes high from here.
Chance to measure move up.
Trade safe.
Good luck.
Oiltrading
OILUSD/H4 WTI oil fluctuates in the stable range of $70 - $80.OILUSD forecast on August 13, 2024:
WTI oil is under pressure from the war and DXY is decreasing. Currently, the oil price has risen from the $71 region back to the $80 area. It is likely that oil will experience a correction before continuing its upward trend. The trading trend today is BUY.
Key levels to watch are: 76.5, 78, 80, and 82.
Recommended orders:
Plan 1: BUY OILUSD zone 76-76.5
SL 75.5
TP 78 - 80 - 81.
Plan 2: BUY OILUSD zone 77.60 - 78.10
SL 77.20
TP 79 - 80 - 81.
Plan 3: SELL OILUSD zone 83.30 - 83.50
SL 83.80
TP 82 - 81 - 78.
Oil crushing it's slippery slope NYMEX:MCL1!
After nearly a month of selling, oil seems to be taking back buyer's momentum that first started on July 17th, 2024 and ended on August 6th, 2024. When the creation of the "W" formed shortly after hitting a 10 min supply area, this signaled the last moments of Oil's sell trend. As we go into this week, we see that oil is still coming in hot to take back supply area's that it created on the 1hr timeframe, but it's due for a pullback. Depending on after market movements, we can possibly see Oil start to pullback to continue making buy structure to the upside. Oil has a good possibility to make it back to the areas of 83.50 and 84.50. Since in current time right now as I'm typing this, Oil has already broken 3 LH's (lower high) that were created between July 22nd, 2024 and August 1st, 2024. We can see pullbacks in the range of 78.84 and 77.12 to potentially see continuation of buying movements. Within this outlook, my current analysis is buyers market until price shows other signs.
XTIUSD SELLHi fellow traders, XTIUSD is ready to make a move lower from the blue box after completing the ABC correction. Target the 67.86 level. Good luck and trade safe!
Thursday Blow - Crude OilSo we have been short term bullish since we took the Weekly SSL and seen a nice trade higher.
I can imagine that we continue this today to take out some internal liquidity.
These are the short term targets as long as we respect the 15min FVG
GLGT
Crude OilPair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Breakout of Upper Trend Line
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Support Level
West Texas Oil / Problems in the Middle East?Hey traders
We have oil here at critical zone will it break up or down?, a big pullback on middle east worries, I think things will calm down, and possibly we will get another leg drop, so I will be selling oil back down.
Please like comment and follow cheers
This chart material is for education purposes only / Demo account should be traded only.
Thursday Climb Crude Oil As this week has been short term Bullish I am looking for continuation today.
At around NY open I would like to head down into the 1hr FVG and then show signs it wants to move higher towards the BSL that is marked
Texas Oil to continue in the downward move at market price?WTI - 24h expiry
Our short term bias remains negative.
Our bespoke support of 77.06 has been clearly broken.
Previous support at 77.50 now becomes resistance.
We look for a temporary move higher.
We look for losses to be extended today.
We look to Sell at 77.50 (stop at 78.30)
Our profit targets will be 75.50 and 75.15
Resistance: 77.13 / 77.50 / 78.00
Support: 76.60 / 75.80 / 75.4
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Turbo Tuesdays ? Crude OilNice ranged day on Monday leading me to think today won't be as expansive.
Nether less I am looking for Bearish movement but I would like some sort of BSL to be taken meaning I am anticipating a retracement come NY open 0830est roughly.
15min FVG and the 2hr -OB are areas if price was to retrace to I would look for shorts.
Targets are bellow the weekly ssl and the eql's.
Monday Drab Crude Oil We opened with a large Gap to the upside...
So far we have not moved in any direction with any purpose.
To stay bearish running into NY the DAILY -OB should be respected if we retrace back to that level.
Closing the NWOG with a displacement candle would be advantageous for sell side to be taken and the two targets I have noted with the magnets.
Brent Crude Oil Pattern FormationThis commodity has been forming a pennant (an indication of a ranging momentum) for the past few weeks.
Let us now focus on the shorter timeframes to have a clarity on where our entry positions might be.
Thursday Trouble Crude OilWe are nearing the end of the week and have had some nice movement heading lower..
I have marked out the Previous Day Wick ( PD Wick ) If price is to retrace today for NY this is where I would expect it to stop and head lower / consolidate at least.
The Draw on Price are bellow :
Daily +OB
Daily EQL'S
DAILY FVG
WTIThe general trend of oil is currently downward and every high is worth selling!
Pay attention to the limits beforehand and check in a small time frame
Crude Oil BIAS - Monday So Friday Crude showed its hand to us and what it was really wanting to do.
Sell side hit and with that a large Daily Displacement.
We could expect a smaller range day today and with that said I am looking for short term BSL to be taken before to carry on to the sell side of the chart.
I have two targets marked out clearly for this weeks initial draw on liquidity and the BIAS.
Thursday Crude Oil ForecastYesterday we saw a nice rally creating a Daily +OB which I have annotated.
If price is to respect the 4hr FVG we will see price go higher to the marked target.
I am bullish today however to expect some form of retracement after such a move is understandable for the market to make.
Bullish is the motive.
Crude Oil - Wednesday ForecastWe have created a consolidation and formed a short term low for now
I believe price will head to these BSL targets marked in the chart.
15min FVG should stay respected with candles closing above it if revisited, preferably for price to not come back to it.
USOILPair : Crude Oil - US Oil
Description :
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 61.80%
Demand Zone
WTI Crude Oil Bearish Heist Plan to make moneyMy Dear Robbers / Traders,
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Crude Oil MondayCurrently we are between two Daily OB's and high probability bias isnt on the cards right now.
This means we look to intra day liquidity
The 15min +OB should be respected leading to NY open with the two EQH's as DRAW for price.
Short and Simple.
July 15 WTI crude oil trading strategy
July 15 WTI crude oil trading strategy
I give several safe trading areas:
Sell:
83.5-83.7 (I sold at this price last week and made a big profit. I will continue to try to sell here this week)
84.2-84.55 (suitable for selling, sl84.8)
Buy:
81.5-81.6 (scalping profit)
81.-81.2 (sl 80.68)
79.95-81.2 (can hold and get more than 80-160pips profit)
Trading according to these indicators can make you a safe profit.
If you use my signal to make a profit. Please join me and give me a thumbs up
Decoding USOil TrendsHello traders,
Here, I aim to decipher the trends of USOIL across all timeframes.
On the weekly chart, a cup & handle pattern is evident, with $84 serving as the pivotal price. A clear breakout on the daily timeframe could signal a bullish stance for USOIL.
First target: $94
Second target: $109
Stop-loss: Close below $72 on a daily basis.
I'll keep you updated as the situation evolves.
Best of luck
WTI Crude oil trading strategy on July 12
WTI Crude oil trading strategy on July 12
I give several safe trading areas:
sell:
83.6-84 (scalping. Small profits are enough)
84.3-84.55 (suitable for selling, sl84.8)
buy:
81.6-81.8
80.9-81.2
Trading according to these indicators will allow you to make safe profits.
If you make a profit using my signals. Please join me and give me a thumbs up
