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WTI (Crude Oil)

Bearish Crab on USOIL: Bearish Continuation Expected This WeekWe have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below. I will be waiting for the stock market to actually open before taking the trade if it's still within the Pattern Completion Zone by then.
TVC:USOILShort
by RizeSenpai
2
oil 11-24 update.good evening, --- remember in my last oil post when i called the top? there was some really salty humans in the comment section who were most likely bag holders from the absolute peak of the bull run. this is an update for them. --- last post: --- i feel like oil has entered into a quatervois here, which is basically "crossroad" in french. currently seeing two potential trajectories: 1. -oil runs up to 100ish through an expanded flat (green targets most probable, grey are weak, and red is unlikely, but always possible). -after which, a swift downturn to my $57 target from the original post. 2. -oil simply see's a dead-cat bounce, creates another hidden bearish divergence, and rolls over yet again - continuing it's bearish trajectory to my original target. --- all paths lead down there, potentially even deeper - but the question as always is: which path's it gonna take? ps. no offense to all the people who talk smack on my posts, you're always welcome if you have a proper argument. just keep in mind, "fundamentals, is not a proper argument".
OANDA:WTICOUSD
by notoriousbids
2
WTI Crude Oil: Are we following BTC's previous top? 18/05/22 Shown is an overlay of Bitcoin's previous top ~$69k. We are showing very similar price action of a wide, heavy range at highs, with the micro lower highs on the underside signalling a continuation / blow off top spike is possible. Product supply is increasing from several refineries opening from maintenance alongside seasonal demand, allowing for the current upward pressure. Longer term problems for crude oil range from high consumer energy prices to a declining SP while $ strengthens. Several COVID spikes globally also once again pose a risk. This is a fractal that I have been keeping my eye on for quite some time, and is one that I have seen on several assets, across several timeframes.
OANDA:WTICOUSD
by fvideira
8
WTI by KarolTWRopa w słabym trendzie spadkowym ale nadal ten trend trwa. Wzrost jaki się budował w ubiegłym tygodniu jest jeszcze naturalnej wielkości w stosunku do korekt poprzednich w trendzie. A więc jeżeli cena uderza w dół z układu 1:1 warto przyjąć scenariusz że zaczniemy nadal budować niższe dołki. Lokalnie zakładam iż dostaliśmy pierwszy impuls w dół i trwa korekta tego impulsu. Pierwsza strefa w której szukałbym sygnału spadkowego to zakończenie fali "C" k.prostej oznaczone kolorem czerwonym. Pozdrawiam KarolTW
OANDA:WTICOUSDShort
by TradeWarsPRO
Oil Forecast and Analysis for ending Sept. 21WTI crude futures were trading around the $80 per barrel mark, pressured by persistent concerns over a demand-sapping global economic slowdown, while a stronger dollar supercharged the bearish momentum. The US oil benchmark is poised to decline for the fourth straight month while heading for its first quarterly loss in more than two years as markets were worried that aggressive interest rate hikes could hit the global economy and energy demand. Still, an escalating energy standoff between the European Union and Russia threatened to disrupt supply further. At the same time, weaker crude prices prompted speculation that OPEC+ could announce another production cut next week.
OANDA:WTICOUSDShort
by TayFx
2
Resistance could prove difficult to breakdown on WTICOUSWTICOUS - Intraday - We look to Sell at 85.83 (stop at 88.00) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Previous support at 86.00 now becomes resistance. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 80.06 and 78.00 Resistance: 86.00 / 97.20 / 112.00 Support: 80.00 / 66.00 / 44.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:WTICOUSDShort
by OANDA
WTICIUSDThe West Texas Intermediate Crude Oil market has been very tight during the month of April, and it now looks as if we are trying to build up enough momentum to make a bigger move. It is worth noting that the uptrend line of the triangle is still very much intact, so you should pay close attention to it. It is as if the market is trying to determine whether or not the demand is going to overwhelm supply or vice versa. After all, there are a lot of moving pieces when it comes to the global economy at the moment. It is worth noting that we are just above the $100 level, and that of course has a certain amount of psychology attached to it. As long as we can stay above the $100 level and that uptrend line that I have plotted on this chart, then it is difficult to imagine shorting this market. If the market takes out the $110 level, it is very likely that we will have a significant amount of momentum building up for the buyers, and therefore could allow the market to go looking towards the recent highs, which is closer to the $130 level. However, if we start to see the global economy slow down enough to cause demand concerns, then it is possible that we could break down below the uptrend line. If we do, then it opens up a move down to the $90 level, possibly even down to the 50 Week EMA which is currently at the $83 level. This would more likely than not be based upon the idea of the global economy falling apart, which obviously is something that is a major concern now that China continues to lock things down. However, it is probably worth noting how strong the market has been behaving in the face of half of China being shut-in. With all this being said, I do have more of an upward bias, but I also recognize that things can change in a flash. Because of this, I will continue to use the triangle as a guideline as to where we go next, understanding that volatility is probably the only thing that we are going to see on a constant basis, so position sizing and stop loss placement will be crucial.
OANDA:WTICOUSD
by SmoothJB