OIL SELL TP_33.56_17.87%_7.30pips_SL_42.80_4.75%_1.94pipsOIL SELL TP_33.56_17.87%_7.30pips_SL_42.80_4.75%_1.94pips
Wtioil
WTI USOIL still bullish on higher timeframesCrude Oil is still looking bullish on higher timeframes before a major resistance ahead.
The indicators are showing buy signals on the daily timeframes and 3 days chart.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
WTI OIL Trading PlanPattern: Channel Up on 4H.
Signal: (A) Buy as long as the 4H MA50 is supporting, (B) Sell if it breaks.
Target: (A) 43.40 (September 01 High), (B) 40.20 (just above the 4H MA200).
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WTI outlookAlthough the price of Oil remains elevated, it doesn't convince me...
Rises are very well capped around 42.50-43 zone and I expect the price to tumble sooner or later.
A daily close under 41 would be the signal for bears and, considering the economic outlook, 35usd/Baril would not surprise me at all
Where will the Oil go?WTI is in an uptrend of H1, forming a Triangle figure in its last part.
The lower peaks and higher bottoms form a triangle, which we expect to be break soon.
In the event of a break up, we will expect the upward movement to continue.
The levels we expect it to reach are:
43.02
43.73
A break below the previous bottom will remove this scenario.
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WTI OIL- Back to 40$ or lowerOUR TECHNICAL ANALYSIS ON CRUDE OIL WITH KEY SUPPORT AND RESISTANCE LEVELS AND PRICE TARGETS
WTI iH&S - $75 by 2019?Western Texas Intermediate intermediate showing possible inverse head and shoulders. Target $70-$80.
WTI- Drop after confirmationAs I said last week, I'm bearish WTI and, as expected, Oild dropped under the trend line support.
Now the price came and test the last support and confirmed it like new resistance and I expect a drop in the near future.
My target for short is 37 with 39 as interim support.
A daily close above 43 would negate this scenario
Oil- Time to SELL againOil has risen early this week but we see major resistance being checked and possible drop in the next few hours.
We are going short again, now.
WTI- I maintain my 37 targetWTI had a short-lived spike above resistance and this rise proved to be a false break.
Now Oil is trading just in rising trendline support and a break here should accelerate losses towards at least 37.
OIL- We called the drop nicely TP levels on chartSo we called the drop nicely, now let's take a look at our targeted take-profit levels
USOIL IDEA IMPORTANT LEVELS TO TRADE 4H CHART - WTIOIL CRUDE OILUSOIL IMPORTANT LEVELS TO TRADE 4H CHART - WTIOIL CRUDE OIL
These levles and trend line will help you to keep SL and to book profit ..Safe and Happy trading..!!!
OIL made 2 month highs! What is the ceiling for the market?WTI Oil broke above the 2 month Resistance zone of 41.50 - 41.90 and is fast approaching the 43.80 High of August 26 (chart on the left). Needless to say, it broke above the bearish channel and reached the 43.00 Target as I discussed two days ago on the idea below:
How far can this go for the short-term? As the left chart shows (4H time-frame), the MACD hasn't yet rolled over (as it did on September 20), so the uptrend can extend a little further on the short-term before buyers book profits and cause a minor pull-back.
On the long-term though we have to look at the 1D time-frame (right chart), which shows an interesting development. The sequence since the November 02 low, is similar to the one following the late April bottom. The MACD pattenrs are identical. I don't need to remind you that it was the rescue package along with OPEC's production cuts that supported this insane recovery rally back then. This week we had the very encouraging vaccine news.
Can Oil start a similar rally based on such positive news? Is $47 again a realistic number? Feel free to share your work and let me know in the comments section!
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GOOD TIME FOR REVERSALI for one dont expect these current moves to hold, and they are gold shorts and oil longs this is praising for covids disappearance, which is not the case even with vaccine news, good time to trick retail and go the other way.
OIL SELL TP_31.40_19.20%_7.46pips_SL_41.17_5.94%_2.31pipsOIL SELL TP_31.40_19.20%_7.46pips_SL_41.17_5.94%_2.31pips
WTI- Looking to sellFrom 34 recent low Oil has risen 20% to 41 resistance zone.
Now the price is just under this important resistance and I expect Oil to remain in this 35-41 range in the medium term
That being said I will look to sell rallies above 41 with a target on the lower part of the range
WTI OIL high chances to break its bearish channelPattern: Channel Down on 4H.
Signal: Buy if the Lower Highs trend-line of the Channel Down breaks (practically if the 0.786 Fib breaks), as this time the price broke the 4H MA200 (as opposed to September 18) while the MACD is on a Bullish Cross.
Target: 43.00 (the 0.918 Fib, last Resistance before a full recovery).
Most recent WTI OIL signal:
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WTIOIL USOIL CRUDE INTRADAY 39.30 Expected - 30MIN CHARTWTIOIL USOIL CRUDE INTRADAY 39.30 Expected - 30MIN CHART
OIL Updated - We keep on SellingFurther to yesterday's idea, price has dropped at resistance and dropping :
Already in profits and managing our positions accordingly. Closing our 3 Buy positions and also closing 3 of our sell positions.
4 sell positions in profits and remaining open. 1 is cashed out so profit guaranteed, 3 open with take profit levels at 36.60, 34,60 and 31,70.
VICTORY
yesterday:
Our technical analysis on Oil with the major key price levels.
Fundamentally and technically we see a drop , sooner or later, below 30 usd
At this stage there is a 60% drop , or a 40% rise to 42.50 resistance and a possible drop from there at 90% (10% only to break that level)
HOW WE TRADE THIS:
We have SELL and BUY positions at a rate of 7 (buy) to 3 (sell) (70%-30%)
If the price drops then we have a profit from 40% of the positions
If the price rises we will close all BUY positions at the major resistance of 42.5usd and hold our SELL positions for a drop back to where the price is now and the key take profit levels of 36.60, 34.60 , 31.70 and even the all time support of 30$ and 28.50$.
If all goes well we will consider Buying again at that level.
Take a look at how we perfectly sold in September s idea predicting perfectly the beginning of the drop ,
our tutorial on Oil analysis
OIL SHORT AS NORMALOil scalp following same process, as numerous previous. look to enter short on ,ower timeframe.
