Holding WTI buys. H4. 10.10.2024🛢 Holding WTI buys
On oil in a private channel gave a zone for buying at 72.20.
I myself bought a little higher at 72.50,
but the accuracy is small, but the result is already there.
I will hold the buy until the take profit at 80 with intermediate
fixation of 50% at 78. If there will be another escalation of the conflict
between Israel and Lebanon on the weekend, as well as natural cataclysms
in the USA, it will be a positive signal for oil, as it will prevent the delivery
of oil products. So buy hold and squeeze with private channel subscribers
with it profit to the fullest.
BLACKBULL:WTI
Wtibuy
WTI H1 / POTENTIAL LONG ENTRY / OIL IS GOING BULLISH 🛢Hello Traders!
This is my forecast for WTI H1. I see another retracement from the bullish channel, considering this an opportunity to execute a long entry until the resistance level and above the Previous Day's High.
If confirmed, I will execute a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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🚨 WTI HIGH PROBABILITY BUY SETUP 🚨🚨 WTI HIGH PROBABILITY BUY SETUP 🚨
* Here we can see clearly the next potential move for West Texas Oil in coming trading week.
* It's going to be worth keeping a close eye on this trade, as WTI can generate tremendous profits if it is right trade.
* EP(BUY): 69.701
* TP: 70.747
* TP1: 71.550
* TP2: 72.153
* SL: 68.547
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
WTI BULLISH OUTLOOKUS YoY CPI came above expectations yesterday, which led to expectations of further push of the prices. Although US Oil cushion reserve came above expectations, OPEC reported declined production of the month of January, and the expectations are for further increase of global demand for the crude oil.
On the 1H graph the price had broke the resistance of the Flag pattern, suggesting a start of a bullish movement, where, if continues, the price might test levels of 79.63
In the opposite scenario the price might fall to levels of 79.03
Both MACD and RSI indicators are confirming the bullish scenario.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
CRUDE OIL EXPECTED RALLYRising US crude exports, indicator for increased demand, and weakening of the dollar helped for a price surge of WTI, which broke and close above the 12 days formed resistance on the 4H graph.
The technical indicators are also suggesting a bullish movement, with MACD histogram above 0 line and rising and RSI above 50 neutral line.
If this movement continues, the price of the instrument might try to reach levels of 93.8, but in the opposite scenario the price might test its previous support at 82.7
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
WTI BULLISH OUTLOOKWTI increased in value in the start of today's Asia session, following a weakened US dollar and the news that China is easing the COVID lockdowns, which will most likely boost the economy of the second largest energy consumer.
On the technical site, the instrument broke the resistance of the triangle pattern, MACD histogram is above 0 line and RSI indicator is above the neutral 50 line.
If the trend continues, the price might reach levels of 88.5, on the other hand, if trend reverses, the price might test its previous support at 83.8
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
CRUDE OIL: Bullish Pin Bar SignalCRUDE OIL – Futures: Price Moved Higher From Within The Range Of The Long-Tailed Bullish Pin Bar Signal
Price Action: Price formed a Bullish Pin Bar Signal overnight (We are not considering trading this signal).
Price moved higher from the prior Long-Tailed Bullish Pin Bar Signal that had formed late last week (We suggested buying on a retracement lower into the range of this signal in the July 15th daily newsletter and hopefully some traders got on board).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Long-Tailed Bullish Pin Bar Signal that had formed late last week.
CRUDE OIL: Bullish Pin Bar SignalCRUDE OIL : Long-Tailed Bullish Pin Bar Signal
Price Action: Price formed a Long-Tailed Bullish Pin Bar Signal overnight.
The recent Bullish Tailed Bar Signal that had formed mid-last week failed (We suggested trading this signal in the July 11th members' weekly newsletter).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the most recent Long-Tailed Bullish Pin Bar Signal.
CRUDE OIL – Futures: Buying Within The Range Of Pin Bar Signal CRUDE OIL – Futures: Buying Within The Range Of Pin Bar Signal
Price Action: Price moved slightly higher from the Bullish Pin Bar Signal that had formed late last week (We suggested trading this signal in the May 20th, daily newsletter).
Price moved higher from the recent Bullish Pin Bar Signal that had formed over a week ago (We did not consider trading this signal).
Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level around four weeks ago (We suggested trading the pullback to this signal in the May 1st, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar Signal that had formed last Thursday, May 19th.
Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the recent Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level.
CRUDE OIL: Bullish Pin Bar SignalCRUDE OIL – Futures: Bullish Pin Bar Signal
Price Action: Price formed a Bullish Pin Bar Signal overnight.
Price moved higher from the recent Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal).
Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level over three weeks ago (We suggested trading the pullback to this signal in the May 1st, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the current Bullish Pin Bar Signal.
Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the recent Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level.
US Stock In Play: $WTI (W&T Offshore Inc)With Oil and Gas stocks continue to rally up form their 2020 lows, and SPDR S&P Oil & Gas Exploration & Production ETF ($XOP) already above its Pre-Covid levels, $WTI rally of +24.06% over the past weeks of trading upon the high volume break of a two weeks consolidated pattern, continue to suggest it is playing catch up relative to the broader sector.
With management of $WTI owning 35% of the common stock, it provides a strong alignment of incentives. Its offshore's asset values alone suggest that the shares are underpriced and may be worth $6-$7.
The immediate resistance for $WTI is at $5.
$WTI an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interest in approximately 43 offshore fields in federal and state waters. The company also owns interest in approximately 146 offshore structures.
WTI buy using MTFAMy entry 45.97 /// 5% moderate exposure, starting to build a bigger buy position.
SL 45.20 / Risk 3.5% - pips 77
TP 48.91 / Reward 13.6 - pips 294 / RR+3.8
The bigget channel will be to break the 13EMA on 4H, at price is literally testing it right now.
Later this week we have the OPEC meeting and to me they have been proven to bring excellent pips expecially in the week before the meeting, either on buying or selling... but this meeting has the power to create strong momentum trends.
As for the daily chart, we didnt test 42.26 as I expected (yet) but we could give it a test before the opec meeting, so if EMA holds I will probably switch to selling and be aggressive on it.
If we move down to the 10M chart and even the 1H we see that price is trying to build a bullish flag, if that succeeds, I am able to move my SL to BE+