Crude Oil Elliott Wave IdeaFollow up on the below idea, possibly a slightly more complex correction under way
UKOIL-USOIL
UKOIL bounced from support, potential for a further rise!
UKOIL bounced off 40.04 where it could potentially rise further to 40.91.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Crude Oil Elliott Wave IdeaSmall timeframe idea, possibly in wave 2 or B correction which could reach $36,40 > $36,96
CRUDE OIL (WTI) IMPORTANT Update and Trading Plan
Key levels, potential scenarios and trading plan for WTI crude oil.
Please, like the idea and leave a comment! Thank you :)
UKOIL/USOIL idea longUKOIL/USOIL idea long
I expect a long.
There was a breakthrough of the bull triangle, I will expect correction and continued growth to 39-39.60
UKOIL Trade Update | First target done 10% upcongrats we made it Target overall done
now next target is 40 let's see if we can make it
Crude Oil Elliott Wave IdeaUpdate on below chart.
Could be more upside yet before a larger correction.
WTI getting ready for nap WTI has had an explosive run the past few weeks. It will continue but a breather is needed. 618 fib and top of the BB will provide formidable resistance. Looking for retrace to the .5 or .382 demand zone.
UKOIL / USOIL ideaUKOIL / USOIL idea
I expect a long because :
- The trend is bullish
- Formed a bull flag .
I still expect continued growth to the level of 37-38$.
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
Long of it breaks upward out of this flagBullish if this flag plays out, We are now pricing for August prices, world economy is opening up slowly
Crude Oil Elliott Wave IdeaLooks like oil is nearing the end of a 5th wave after exiting a typical 4th wave triangle; May see a correction soon before another impulsive move upwards.
UKOIL / USOIL ideaUKOIL / USOIL idea
I expect a long because the trend is bullish.
I still expect continued growth to the level of 34-36$
UKOIL/USOIL idea UKOIL/USOIL idea
I expect continued growth to the level of 34-35.
A symmetrical triangle has formed - a trend continuation pattern.
Imperfection of the OPEC + deal in the future. Hello, my dear subscribers. Who has read my articles before you should know that the price of oil should cost up to $20 per barrel. The goal is achieved. Now oil is growing on Trump's verbiage, but this is wrong, this is a big mistake, the market does not work like this. The market will punish Trump, the coronavirus has reduced energy consumption and spending, for this reason, the weak companies should leave the market, as in other sectors of the economy. Making artificially high prices in the context of the global financial crisis will be a very bad decision, which will become even more burdensome and difficult in the future, as a result of which oil will cost even less. Trump is very wrong, this is very bad for a sick world!
CRUDE OIL (WTI) STRUCTURE ANALYSIS
hey guys,
crude keeps growing steadily!
the price has easily gone through 18.5 - 20.5 resistance and now it turned to support.
our next key daily resistance is 28.6 - 30.6 zone.
look for a reversal formation within this area to short.
in case of a further bullish continuation, the second resistance will be 34.0 - 36.0 area.
if this zone will be reached, the previously mentioned resistance will turn to support as well.
the safest trading is always done on key levels.
so pay attention to the price action when any of the key zones are reached.
good luck!
UKOIL 2 hrsI see UKOIL drop to Cam S1 and trendline area for now. If trendline will be broken with a proper breakdown it will drop further.
It was rejected at Cam R1 (above that bullish weekly dominance)
Cam S1 - R1 - neutral area of last week´s close, range zone.
Stochastics on 2 and 4 hrs overbought.
For educational purposes only.
UKOIL reversed from resistance, potential drop!
UKOIL reversed off its resistance at 21.74 where it could potentially drop further to 13.54.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CRUDE OIL (WTI) WAVE ANALYSIS AND STRONG RESISTANCE AHEAD!
hey guys,
I noticed this falling trendline on 4H and daily chart and it looks like currently, it provides the strongest resistance for the crude price.
from the 20th of February each touch of the trendline led to a strong wave to the downside and this time we may see the same thing.
next week pay attention to 19.0 - 21.0 area and look for a signal to short!
oil market is still weak so it is still reasonable to be short biased so I will try to sell from the underlined structure.
moreover, in case of a bullish breakout of this trendline, we can talk about a change in sentiment on oil market, and shift to a bullish bias!
next week will be interesting I suppose, so let's see how it unfolds!
USOIL Is this pullback fake or real? Write me your commentsHI
NEWS:
-Top oil hedge-fund trader sees more pain for crude as coronavirus crushes demand
-Dow Jones Rises As Pace Of Job Losses Slow; Oil Prices Recover
personal opinion:
-Given the declining demand for oil, we will probably see oil spill again, but we can't say for sure that this is why I want to know your views.
Please follow my support and like my posts.
see you later
GOOD LUCKY
UKOIL to climb from upside confirmation, potential bounce!
UKOIL to climb from its upside confirmation at 21.99 where it could potentially bounce further to 29.19.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
