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Wticrudeoil

SHORT for WTI in Short term.Currently, there is too much uncertainties in Oil Industry. Most of the giant Oil companies are in struggle right now. First quarter was closed with minus profit. Small companies are on the edge of bankruptcy. On the other hand there is no storage for the currently producing oil. Saudi oil tankers are on the way to US. If US gets Saudi Oil on board there is possibility for another collapse of Oil prices going sub-zero. If US makes decision to start selling WTI in intercontinental market, the price will jump above Brent price. Overall there is not enough fundamental reason for the price increase for the short term. Eventually Oil prices will increase. It is all about supply and demand. Many companies will shut down with current price and naturally the supply will drop and prices jump. Removing lockdowns will force industries to consume Oil voraciously. I am expecting hyperinflation for USD soon. This will affect Gold and Oil prices to jump to new historical highs. I think in long term Oil price will increase dramatically above 160 USD. Based on technical and fundamental analysis I am not expecting prices to go above 16USD for this week. There is still possibility for another price crash for very short period. Please, trade at your own risk. I have less experience overall.
FX:USOILShort
by rufan8
WTI Oil July futures. Buy. Divergence 30min chartI have drawn the 1hr chart here to show the spike in volume with the low at 1780. We can see a break below the tredline and a lot of volume come back in. Actually the 30 min chart also shows a nice MACDH divergence at this point as well. All in all this actually constitutes a higher swing low on the oil charts after a lot of divergence at the major low of 1735 on the daily charts. I am preferring to trade the July contract due to oversupply concerns on the June contract. Stop at 1770 target 2020 in the first instance.
NYMEX:CLN2020Long
by breakoutfakeout
OIL = Investment of the year? OIL could be the best investment of the year right now. - Biggest intraday drop since 1985 - Lowest price since 1998 As soon as Corona will fade away, Airlines will recover and everyone will need oil again. Also expecting to OPEC deal to cut more until further notice when everything will end Buying now... Don't wanna regret later. STOP LOSS 3$ per Barell with 1:2 investment. Trade and invest on your own risk. Its not advice, but it can help someone open eyes. Enjoy
TVC:USOILLong
by ForexThief
3
Expect Oil To Fall Sharply For June ContractsHi traders. It is very unlikely that oil supply and demand will change in the short term. There appears to be no apparent supply cuts in order to support the oil price. Buying volume also appears weak in the short run. Only rising tensions with Iran could possibly cause USOIL to push higher. As a result, as the global lock down will not halt suddenly resulting in back to normal economic activity, I would expect to see sharp oil selling as the contract comes to a close. Like & drop a follow if you agree! Note: DO NOT FOLLOW THIS TRADE BLINDLY!
FX:USOILShort
by TheFinancialTRDR
5
Start taking ADVANTAGE of OIL now!If I were to go long, my entry would be placed at $26 as the probability of a successful rebound is high if the market closes above the high of the current candle. I’d set my stop-loss below the structural support level. If the market breaks below to prove my idea wrong, I’ll just accept it and quit with a small loss. And my profit target would be at the upper bound of the monthly support zone. That gives me a decent risk-reward ratio of 1 : 1.76. Pretty good, huh? On the contrary, I’d wait for a market retest of the structural support level to go short. Thus, my entry would be slightly below the support level. And I’d set my stop-loss at the upper bound of the monthly support zone. “Where would your profit target be?” You may ask. Given the current market outlook, I’d just leave it open for now. That yields me a risk-reward ratio of 1: Infinite, for the moment. Long or Short, what’s your take? Read the full articles on JCP fx training platform. Step 1: Download the JCP (for free) at : onelink.to/sjxych Step 2: Go to Trader Lab to read the full articles for more insights.
OANDA:BCOUSD
by Chriis_Liew
CL1! - Oil plunges below zero for the first time in historyOK, just one more chart about oil because it is a historical event (and could(!) affect crypto market as well somehow). Looks like it settled at ~$35, experienced 325% drop for today. Why did it happen? I think due to coronavirus and lockdowns oil isn't being used much. But it needs to be stored somewhere and it costs money. And there's a lot of oil in storages and most of facilities are full. So nobody who can store it will buy it from you. If you want to get rid of oil, you have to pay someone, that's why price turns negative. Don't pretend to be an expert just my take on this situation. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
NYMEX:CL1!
by Bitduke
1
Crude oil into very low price.!The dump of the crude is faster than I excpected and the price is below the 12$. The cost of the oil production per barrel for Irak, Iran and Saudi Arabia is 10$ and below wich is the cheapest in the world (Saudi 8.90$). With all the economy troubles what do you think that this dump affect in the world?. The truth is that we dont see these price since the 90s and it had takes a good 10 years of consolidation before the price break higher in the 2000s. Anyway the three drives to the downside movemment is complete and we can have a good consolidation in these areas or a manipulative spike, the only thing that i know is that this and lower prices is a good entry for a very very long term. Whats your opinion? Let me know in the comments
TVC:USOILShort
by David_Tariy
1
WTI oil long opportunityCrude oil futures fell, with U.S. futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that U.S. storage facilities will soon fill to the brim amid the coronavirus pandemic. Price crashed over lower support of trending channel and its now placed on long term support which goes back to 1987, 1990, 1996 and 2000 levels. I think this is great long-term play from here - just wait the price stabilize for better entry.
FX_IDC:USDWTILong
by Tilen_tradershub
4
OIL Break 20$ Support and NEXT 17.89$ FOR LONG.Many Reasons behind Oil continues dropping After OPEC cut Production. 1- Oil should stay above 20$ after Deal Cut, but look like price war still going on. 2-Demand is very low at the moment all over the country because of lockdown and Economy under the shutdown. Coming weeks expecting Oil will do big correction upside end of April to mid-May, but before correction Oil could hit support level 2001 Year 16.90 to 17.26$ Good to long entry 18$ as major support level 🛑SUPPORT/RESISTANCE ✅S1= 17.25 ✅S2=16.10 ✴️R1=20.50 ✴️R2=24.10 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
FX:USOILLong
by Allmypips
2