WTI
as predict before oil reach fibo 61% now gold can crash down or go upper , so pick sell near fibo 61% is good idea but with sl=78.80 and trailstop=0.80
if oil can break 73.80 can start new + trend to fibo 161% near 100$ so never remove SL
What you trade is just as important as how you trade!Hey Traders!
WOW! What a Monday! Excellent moves in the markets today at the US open, I don't want to sound like I am bragging, but we kinda prepared ourselves very well for today by working our asses off on creating our watchlist, we knew what could be moving and we made sure that they focused on the best setups, setups that had the highest rewards and the lowest risks!
Aside from a big miss on WTI, we aced EURUSD, NASDAQ, DAX and EURJPY.
Preparation of a watchlist is vital for us day traders and we make sure to invest time into creating our day trading watchlists!
This video explains a little better what we did to make today a BIG SUCCESS for ourselves and our members!
If you think technical analysis does not work, look at this!I published this analysis on October 18, 2021.
Today, you can see it hit the target zone!
If you have no time to learn different tools in technical analysis, at least do yourself a favor and learn how to use regression channels!
However, Regression channels are not pure technical analysis!
It is actually a statistical tool..!
Most quant funds use statistical models to open and close their position..!
The most famous model is mean reversion!
What Is Regression?
Regression is a statistical method used in finance, investing, and other disciplines that attempt to determine the strength and character of the relationship between one dependent variable (usually denoted by Y) and a series of other variables (known as independent variables).
Now, let's consider Y=Price and X=Time!
Now, you should do the math..! But do not forget we have different types of regression models: Quadratic, Qubic, Sinusoidal, and logistic...etc.
Look at these examples:
Bitcoin:
Solana:
NFLX:
USOIL:
Education excerpt: OPECThe Organization of the Petroleum Exporting Countries (OPEC)
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization with main goal to coordinate and unify the petroleum policies of its member countries. This pertains mainly to securing fair and stable pricing in the oil market; efficient and regular supply of petroleum to consuming nations and fair return on capital to the producing countries.
The OPEC was established in Baghdad, Iraq in 1960 by five countries. Founding countries were: Iraq, Islamic Republic of Iran, Kuwait, Saudi Arabia and Venezuela. One year later the organization was joined by Qatar in 1961. After that Indonesia and Libya followed in 1962. United Arab Emirates joined the cartel in 1967 and Algeria in 1969. Then Nigeria became member of the OPEC in 1971, Ecuador in 1973 and Gabon in 1975. Few decades later, Angola joined the OPEC in 2007, Equatorial Guinea in 2017 and Congo in 2018.
Ecuador suspended its membership in 1962. However, it rejoined the cartel in 2007. But then again in 2009 Ecuador withdrew its membership from OPEC. Similarly, Indonesia suspended its membership in 2009 and rejoined the cartel in 2016 only to leave it again in 2016. Gabon also suspended its membership in 1995. Although, Gabon reactivated its membership in 2016. Qatar was the last country to terminate its membership in 2019.
Current members:
1. Iraq
2. Iran
3. Kuwait
4. Saudi Arabia
5. Venezuela
6. Libya
7. United Arab Emirates
8. Algeria
9. Nigeria
10. Gabon
11. Angola
12. Equatorial Guinea
13. Congo
The OPEC's executive organ is called the Secretariat and it is run by the Secretary General. Secretariat was originally established in 1961. It also functions as headquarters for the organization. In the beginning, OPEC had its headquarters in Geneva, Switzerland for five years. However, OPEC's headquarters were moved to Vienna, Austria in 1965. Executive organ is responsible for implementation of all resolutions passed by the Conference. Secretariat also conducts research and fullfills all decisions made by the Board of Governeros.
The Secretary General is the representative of the OPEC who simultaneously acts as Executive of the Secretariat. The Secretary General is electable role and its term last three years. Although, there is possibility to renew this term once. The Secretary General is assisted by the Office of the Secretary general and several other officers and staff members of the OPEC. The Office of the Secretary general helps the executive chief of the Secretariat to maintain efficient relations with relevant international organizations and governments. Another important organ of the organization is the Legal Office which supervises legal matters of the Secretariat and provides legal advice to the Secretary General. In addition to that, there is also the Research Division that consists of three departments: Data Services, Energy Studies and Petroleum Studies. The Research Division is responsible for conducting research with regards to the energy and related matters. Infrastructure and services are provided by the Support Services Division.
OPEC Fund
The OPEC Fund for International Development is international finance development institution that was established in 1976. It consists of 12 members: Algeria, Ecuador, Gabon, Indonesia, IR Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela. Its purpose is to provide financial help to the developing countries and support advancement in these low-income and middle-income countries.
Disclaimer: This content serves solely educational purpose.
Today’s Notable Sentiment ShiftsHigh-Beta – AUD, CAD and NZD benefited from rising commodity prices on Tuesday, as markets set aside concerns about the spread of the Delta coronavirus variant. The notable outperformer in the commodities complex was oil prices, with WTI approaching $68 per barrel, up almost $2.50/+3% on the day.
Indeed, following today’s strong performance in WTI, TD Securities noted that: “With the impact on demand fueling chatter that OPEC+’s next monthly output hike could be delayed, and China’s “Zero-Covid” strategy appearing to have quickly contained the outbreak, crude oil could once again have a solid footing to challenge the $70s.”
OIL (VIDEO IDEA UPDATED) - AMAZING RESULT Last night video idea ended up being a HUGE success.
Oil did drop up to 6% at some point and closed the day at a 4% minus!
Take a look at yesterday's video and notice how the price of Oil did drop indeed and how it rebounded and stopped at our previous support which now became a resistance.
Technical analysis for a seminar!
Btcoin to be pumped by NI225 MTH ATH's, SPX, TNX, & WTI Like the last QTR of 2017 Btcoin to be pumped by NI225 MTH ATH's, SPX, TNX, & WTI NOT ADVICE DYOR
Bitcoin set to smash ATH in the next 8 to 12 WKS thanks to......Astronomical returns possible: Bitcoin set to smash ATH in the next 8 to 12 WKS thanks to "Big Oil" signal after SPX setting ATH's >> WK 16 DEC 19 63% 8 WKS >> WK 25 SEPT 18 437% 11 WKS >> WK 28 JAN 13 1383% 10 WKS. The only time signal did not work was when bitcoin MACD histogram was in red. CAVEAT: WTI Crude Oil Weekly MACD line (source HIGH) has not yet closed >0. Big Oil signal still needs to confirm. NOT ADVICE. DYOR.
To the rescue 17yr Cycle reveals post COVID19 futureTo the rescue 17yr Cycle reveals: bull market in SPX Gold WTI & bounce in TNX & bear market in USDCHF & DXY. Importantly on 3 occasions no change in DXY after 39 WKS. NOT ADVICE. DYOR
Bitcoin just closed WK above $10,491 is "Big Oil" about to pumpBitcoin just closed WK above $10,491 is "Big Oil" about to pump. NOT ADVICE. DYOR.
June 13 posted - Bitcoin loves "Big Oil" 1,2,3,4 will it be different this time
CRUDE OIL (WTI) Weakening Market & Consolidation
Crude oil is becoming weaker and weaker.
though many fundamentalists promised a quick return to "normal" price levels after the lockdown removal,
it looks like things are much more complicated than that.
if you are a swing trader and you are looking for an opportunity to jump in in the market,
I guess it is not the best moment.
for the entire month, we could not set a new high.
ATR drops as crazy and volatility is missing:)
let the market start moving.
let it pick the direction and then just act accordingly.
swaps are now very expensive on oil, so no need to incur these losses.
If BTC is Steady, We Are Steady in Small Caps BoiCheck out the latest blog post for more boi:
www.derzzycharts.com
Same deal, short weakness, buy strength. When BTC is giving the market room to breath, we own altcoins. It works every time. We don’t need to know why, we just know that it does. So what did we do today? We looked at the top 500 coins, and picked some charts to buy. Let’s have a look.
Here we have WTCUSDT and FTMUSDT. You don’t even need to know what they are, just that they have strong charts. That is the beauty of technical analysis, it could be anything! It could be corn, it could be soybeans, it could be any altcoin out there. If the chart looks good, we put in an order. We bought WTCUSDT earlier, but we are waiting for the pullback in FTMUSDT. So how did we pick these out of all of the charts? Good question… well we didn’t want bearish divergences on the RSI, we wanted a good cloud, and a MACD that had room to run. A lot of coins have pumped, but you don’t want to hold bags in crypto. So you have to pick positive charts. Don’t chase bro!
For a look at the indicators and the decisions, see the linked post.
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
CRUDE OIL (WTI) Multi Time Frame Analysis & Scenarios Explained
Technical analysis on WTI:
Key levels & trading plan explained.
Update - My post April 2, 2020, "Bitcoin & Big Oil" Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar Index if close below 98.82 (Mid point of volatility Mar 2020) see what happened to SPX when closed below 95.48 (Mid point of volatility Aug 2015) March 2016. NOT ADVICE. DYOR.
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!
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.
WTI - OIL ANALYSES
Oil prices are as shown below :
Peaked at 1 July 2008 -147 $ plummeted to 35 $
Peaked at 1 July 2014 -107 $ plummeted to 28 $
Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $)
Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $
So until July 1 2020 May be long after badly short.
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!
How to trade the current markets!In this video I explain how you should be trading the current market movement and conditions. This video is more educational than anything else.
New York Watchlist: 7 solid active trades!Ok so we've got a big selection of trades today... 7 active setups !
Enjoy the video!
Crude oil Brokeout on ObservationLooks like market finally broke out to the upside, a long-awaited move.
