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Crude Oil WTI

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!
FX:USOILEducation
by VasilyTrader
24
S&P How spot market recovery & what markets to buy & sellZones created using crossovers of Monthly 20 MA on VIX close & 20 MA of same. Like end of crash in 02 & 09 some bulls and bears think this crash will only be confirmed over when TNX closes month above 1.34. See what happened to OIL, GOLD, and DOLLAR last time (green verticals). White verticals denote VIX peak (no guarantee reached that yet). Caveat small sample size & my arbitrary choice of two key TNX levels which just appeared to make this analysis work to perfection on two previous occassions. NOT ADVICE. DYOR.
TVC:VIXEducation
by Felix000
How to Chart Futures Contracts and Crude Oil's Historic MoveCrude oil traded at -$40 per barrel and that is a historic move. It will go down in the history books. In this video, we want to show everyone how to track and analyze futures on TradingView, specifically future contracts in crude oil CL1! and CL2!. On TradingView, it's possible to study any futures market and break that market down by each month. CL1!, for example, shows the current crude oil contract in front. CL2! shows the next contract in front. You can also dive into specific contracts that go as far as 2021 or 2022 or beyond. This video tutorial is meant to be educational and we hope it helps anyone interested learn more about these markets. It's important to remember that most futures contracts trade based on an expiration date. Then, the contracts roll to the next month after that. As a platform, TradingView gives you the data and tools needed to analyze any of these contracts. The quickest way to getting started is to use the search bar to explore all the possible futures contracts that can be analyzed or visualized on a chart. We hope this video tutorial helps the community get started. Please press like if you enjoyed it and, even better, please leave a comment to add to this discussion. Let's hear your opinion on futures market and the recent crash in crude oil.
NYMEX:CL1!Education
by TradingView
11
WTICOUSD - Oil weekly. Is oil ready to pivot?4/17/2020 OIL weekly chart All the talking heads are saying how the C-19 virus destroyed the Oil and etc. The truth is the oil peaked in 2008 and it is looking to be completing a 5 wave structures down. Currently the oil is in 19 handle I can see Oil may go down to the 17 handle I can also say see that Oil met the minimum requirement to begin moving up from this area. EVERYONE was bullish when oil was $130-$140 EVERYONE is bearish now when WTI is $19.xx and USO is at $4
OANDA:WTICOUSDEducation
by Successful_Inv_Strategies
1
Crude clone called Euro?This also needs to be understand by those who think that are trading just euro...Funds lock their positions in EURUSD with those in crude oil! Understanding the OIL, EUR/USD Correlation Read - chigrl1.wordpress.com Most oil exporting countries trade assets in USD, meaning, these countries receive a significant portion of USD inflows from the proceeds of these sales. Thus the foreign currency reserve balances of these oil exporting countries, in a sense, is broadly reflected by the price of oil. We can see this as reflected in the chart below. Up to 2014, reserves increased notably, and then declined considerably as the price of oil fell. However, data also shows that they invest part of their reserves in EUR, as they sell a large share of their production to the Eurozone. Thus, when the price of oil falls, this means that a smaller portion of USD is transferred to EUR, thus contributing to a depreciation of the currency. Inversely, when the price of oil increases, a larger portion is transferred to EUR, contributing to the appreciation of the currency. For this reason, many funds lock their positions in EUR/USD with those in crude oil. Therefore, it is no coincidence that COT data shows crude oil and EUR in lock step.
Education
by ICFX
CRUDE OIL (WTI) KEEP CALM! TREND IS STILL BEARISH! hey guys, reading news outlets and ideas on tradingview, the forecasts are all bullish right now! people are urged to buy from any level based on the fundamental news. be very careful! though we truly see a dramatic shift and strong bullish rally this week, don't forget that technically the trend remains bearish! moreover, currently, the price is trading on a key structure resistance level and for now buyers could not break above that and we see a negative reaction. the next safe opportunity to buy will come only after a bullish breakout of the underlined resistance, for now just patiently watch the reaction of the market. it is still possible that next week we may see a perfect signal to short. so no rush right now! good luck and have a great weekend!
FX:USOILEducation
by VasilyTrader
38
USOIL: #stayhome effect Oil prices have dropped more than 50% in March (yearly performance is around-62,1%). Is it the end or are we going to see more downside movement? Let's assume this is another opportunity for joining bears, based on technical analysis (thoughts) you can see on the chart. How much lower can the price go? Can it reach the lows of 1999? My answer is: why not? Most of developed countries are on quarantine #stayhome and the supply wasn't cut by OPEC. The major US indices, including DJI, S&P500 and Nasdaq, have fallen in the following order: 35%, 30% and 25%. While different sectors and industries in the US have the following yearly performance so far: 1. Energy minerals sector (931,2B MKT CAP): -58,04%, out of which e.g.: -Coal Industry: -69,17% -Oil & Gas production Industry: -62,67% -Integrated oil Industry: -57,05% -Oil Refining/Marketing: - 55,7% 2. Industrial Services Sector (515,96B MKT CAP): -36,09%, out of which e.g.: -Oilfield Services/Equipment Industry: -60,01% -Oil&Gas Pipelines Industry: -42,93% 3. Process Industries Sector (681,34B MKT CAP):-27,36%, out of which e.g.: -Pulp&Paper Industry: -50,05% -Chemicals: Major Diversified Industry: -49,87% -Agricultural Commodities/Milling: -41,45% 4. Non-Energy Minerals Sector (476,43B MKT CAP): -25,73%, out of which e.g.: -Steel Industry: -48,32% -Other Metals/Minerals: -40,16% -Aluminium: -39,87% 5. Transportation sector (569,48B MKT CAP): -23,84%, out of which e.g.: -Airlines industy: -49,2% 6. Finance sector (6038,64B MKT CAP): -23,12%, out of which e.g.: -Life/Health Insurance Industry: -37,69% -Real Estate Development Industry: -37,64% -Financial Conglomerates Industry: -34,83% -Major Banks Industry: -31,13% 7. Consumer Services sector (1481,09B MKT CAP): -21,53%, out of which e.g.: -Hotels/Resorts/Cruise Lines Industry: -43,78% -Casinos/Gaming Industry: -34,22% 8. Producer Manufacturing sector (1030,45B MKT CAP): -21,02%, out of which e.g.: -Auto Parts: OEM Industry: -34.64% -Metal Fabrication Industry: -33,09% -Industrial Conglomerates Industry: -31,72% It's quite interesting when and how these industries will be able to recover, but I am quite sure it's a great opportunity to start analyzing particular companies and building portfolio with these businesses. This is going to be my next step... // I would very much appreciate if you would support my work by hitting like.) Feel free to share your opinion/position via comment and follow me to stay updated.
FX:USOILEducation
by GIgor_021
CFDs on WTI CRUDE OIL 1HHOW TO USE 200 EMA TO BUY COMMODITIES. 1 - 200 EMA standard measurement of bullish or bearish trends in commodity market. 2 - MA breakouts have multiple false breakouts. 3 - Wait for a breakout and then a retest of EMA. 4 - Buy at breakout of high of breakout candle. If you want to predict which commodity trading levels are worth to base your trade-off, then look no further than the 200-day moving average. The 200-day EMA is regarded as being the standard measurement of bullish and bearish trends in the commodity market. However, a breakout of the 200-day EMA is not always a reliable signal. The reason is that like with all technical indicators it’s prone to give multiple false signals. A simple solution to this very common problem is to wait for the breakout of the 200-day EMA and a retest. This means that you can buy/sell commodities at the first retest of the 200-day EMA. Now, we know that not many traders have the right amount of capital to invest in the long-term. Holding a position for a yearlong period is not suitable for everyone. If you don’t have a big account balance and the patience to ride the cyclical commodity trends, you’re better off if you stick with short term commodity trading
TVC:USOILEducation
by Tradingstrategyguides
9