Don't be fooled about the key level, I personally think this has a lot more upside potential before we see any sort of decline. I expect price to rise much higher to SL hunt the sellers that impulsively sold at the key level marked. Let's see how this one plays out at the start of next week, have a great weekend!
Note the high pressure from sellers! If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments also, you can ask me questions... Have a great day everyone!
Hello traders this is my analysis for a long setup on Oil. I'm expecting a retracement to previous resistance followed by a bullish move to previous highs. Target may be adjusted if this has long term potential. I will update as necessary. If you like this analysis please follow for more ideas.
WTI Crude Oil- Reverse Head and Shoulders Just thinking potentially ahead..
Oil is looking VERY INTERESTING. We have a potential inverted head & shoulders on our hands. We could be seeing another drive to the upside to potentially retest resistance of 30. Potential longs soon!
MEETING OF OPEC + MOVED TO APRIL 9? Under the rise in oil prices, they decided to meet and agree. I think that flooded too early and need to collapse? It is also not a fact that countries will be able to agree on a reduction in production. Therefore, I make a forecast for a fall, or as they say, a correction of growth.
USDWT I Oil is looking very interesting, definitely still stuck in consolidation for the time being. I do believe we're going to see some very big moves soon. Remember when pairs get squeezed tight in consolidation we typically see some very big moves. We might be heading lower soon. Sitting on my hands for now and keeping a close watch on oil. I do believe were...
USDWTI Oil is looking really interesting. It does look like the bulls may be taking control but at the same time it’s showing very tricky price action at the moment. I am not really liking how it’s looking so I am going to stay on the sidelines for now and let it play out a bit more
Hello guys, In this video i show why i see a long in usdwti. My long biased supported by fundamental-analysis of the pair. Oil has been extremely cheap this year. It is currently at levels where banks and hedge funds see as areas of interest offering lower risk and high reward for long. Although the oil inventory counts have been rising of late,Keep in mind that...
Hello guys, In this video i validate my reasoning for why i am looking for longs on wti. I have been in a long from last week and i intend to continue with that biased this week based on fundamentals. Oil has been extremely weak and with Libya, Iran and Oman all endorsing cutting oils production to counter the lack of demand thats been brought about by the...
USDWTI Keeping a close watch on oil. Nothing for us just yet. I feel we could see a push to the downside to retest support then if support holds we could see a strong reverse to the upside. We need to sit on the sidelines with this pair for the time being.
USDWTI Oil is looking really good. I believe is support holds we could see a nice push to the upside very soon, that being said overall I feel we are going to roll over to the downside so be very cautious. Ive mentioned many times when trading gold and oil you have to respect them both and always exercise proper risk management.
USDWTI I feel US oil is about to push to the downside. Waiting for a push to the upside first to secure a good short entry.
Extremely bearish close for Oil. It seems next week is playing out to be a very good week! Oil has been choppy recently so I have been extra cautious.
USDWTI Oil Bull Trade - looking for buys on oil based on trade uncertainty and supply drawdown
I'm not feeling that much confident with this trade that's why I'm planning to risk only 1% of my account. I'm going to trade WTI in CFD. I will then add more lots if i see price goes in my direction. The problem is; USDWTI closed the final bar below my support Disclaimer: Not a financial advice. Trade safe Atilla
Analysis: I've seen USDWTI trade out of its downward channel (reversing from a significant 2hr level) It has currently created/in the process of creating, its wave 1 Hypothesis: I am looking for a wave 2 pullback to the purple reversal zone where I have indicated by the blue arrow. Price should bounce from this area and create its wave 3. A bounce at...
If daily support broke out, more room for downtrend what we could expect according to Wly chart (RSI and MA already crossing down 50) Cautious cos' API today and EIA tomorrow