Long BiasOrders are accumulating and I expect the price to keep moving up until it tells me otherwise. Ideally a break below the range with signs of reversal would trigger a long position.
WTI (Crude Oil)
WTICOUSD, Continuous uptrend on H4: BUYH4:
- Structure: Uptrend
- Break resistance
- Above and pullback
-> waiting signal=> BUY
WTICOUSD TRADE SET UPThe wedge broke so expect price to move towards the two target boxes. After we hit target 1 move stop loss to break even.
WTICOUSD 6.7% correction... The wave of the exchange rate (green line) is rising, so I assume that it is moving in the long run. The slope of the ATR axis (white line) decreases, leading to corrective movement. The WTI correction level is 52 usd. I'm looking forward to testing this back.
WTICO USD SELL (WEST TEXAS CRUDE OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
WTICOUSD, Continuous uptrend: BUYH4:
- Structure: uptrend
- Test trendline
- Weakening
-> Pullback
-> Waiting signal=> BUY
West Texas Oil - Bullish Trend Continues.....After a long accumulation range that end last quarter of 2018 , we saw a breakout with the price reaching the mid seventies.
This was our first indication that a trend is about to begin. The price then pulled back into the buy zone(75-87.5 fibs) and produced a buy pivot.
Good stopping volume came into halt the price as it move back to the center of the accumulation range.
In Wyckoff terms this is - "Jumping across the creek" and a "Back to the creek".
We should see price move higher, back above the mid seventies.
WTIOUSD and USOIL - Breaking Raising Wedge DownPotential Short on Crude Oil and USOIL. Target (4) or 61.8%.
OIL THOUGHTSFOMC in yellow
EIAs in light red
Still bearish AF this year but looking for perfect short
WTICOUSD possibility of ABC correction on 4H timeframeJust my opinion on the situation. I would like to trade short (scalp) trades in this direction for now.
WTICOUSD, Forecast on next weeek !OIL, D1: Waiting break => BUY
D1:
- Tendency: Strong upward
- Test resistance
- Below resistance
=> Waiting break and confirmation
==> BUY
H4:
- Tendency: Upward
- Weakening
- Below resistance daily
- Move: Channel
=> Pullback
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Thanks
WTI Road Map The last analysis gave us a practically perfect target with big profits and a life saver for an early mistake. Now we have enough information to create a guide map for the following months.
The way in which the price interacts with the "Key Zone" will be essential to maintain the validity of this analysis. If so, we could be touching at the beginning of March the cluster of 60.
We must keep an eye on the news and geopolitical movements that may influence the development of this analysis.
Best wishes to all.
WTI Oil topped and retraced from support, should shortTVC:USOIL Shorting oil with take-profit target of 50.348 and a stop loss of 52.938. According to the daily chart, oil topped and retraced from R1 resistance in classical pivot points, it hasn't been able to close above this resistance and a major candlestick suggests that, for the short term, oil won't surpass R1. MACD is algo turning bearish, its histogram is approaching to negative value and according to CCI, it's in oversold levels. The price also topped support made by Donchian channels, giving another reason for shorting oil. In the long term, OIl should increase, since Saudi Arabia, other OPEC nations and Russia already started to cut production since the start of the year, so expect this reversal to happen only for the short term
Crude oil long opportunity USOIL WTICOUSD CL2!We have a long opportunity in crude oil now. Crude oil has been sitting at the 61.8% retrace around 45.40ish for the last couple of days.
A study of the longer term cycles shows that we have just completed a corrective red zone which actually started in March 2018, this cycle reached a low in December 2018 and will reach its next high in June 2019.
We are still in a green (bullish) longer term zone which started January 2016 and should end around July 2019.
These cycles are represented by the different types of vertical lines on the charts.
I believe after August 2019, we will have the chance to short oil once again.
If the 61.8% retrace does fail, then we may see a drop to $36-40, so be careful.
Stop loss 44.90
Short term target 51
Longer term targets range from 62 and up.
This is not recommendation to buy or to sell.
(see information about cycles at the DJIA links below)
