Important day for OilIf MA 200 (1H UNIT) breaks and oil goes above it, strong buy signal with target 41$. But my privileged scenario is that MA 200 will resist and send oil down to 28.9$ then 27.5$.
Wtioil
USOil Oil possible intraday short trade opportunityUSOil Oil possible intraday short trade opportunity
USOIL - WTIHey guys!
We had big move to the upside, however, it is going to create corrective structure. Expecting $8-10 price drop before we take another long shot.
Hope you benefited trading both side.
It's not a trading call just an idea how the market would move.
Ty
CRUDE OIL (WTI) SHORT I'm in short right now👇🏽📈this will drop. long term it will drop. phase 2 will ensure this. I would buy as low as possible. to risky to buy during a pandemic. Until there is a Vaccine i will short on price rise. Thanks mates and enjoy and like and feel free to leave a comment.
WTI- Crude Oil, Market recovery ? Or dead cat bounce After the historical sell off that we have recently seen in oil last month it is normal to see a quick price recovery back to normal levels. It has been in a downtrend since the start of the year, and now some country's and states are slowly easing lockdown restrictions which will start to see a demand for crude again, Although all storage spaces are full Opec are still announcing oil cuts as the weeks go by.
So with that said the demand for oil will soon start picking up as flights will soon begin to resume in some countrys interstate, and international travel will soon resume for Australia to New Zealand trans-tasman flights.
So after testing the $33 resistance area we have seen a slight pullback where price is now consolidating, A run up to $41 seems likely to me (no time frame given) which is also the 61.8 fib retracement on the daily time frame, and will also fill the huge gap that was formed from the 7th of March.
But then again fundamentals can just blow all Technical Analysis out of the water.
Remember, Dont trade on anyone else's ideas but your own, At the end of the day we trade for ourselves no one else. So this is my idea on WTI crude hope yous enjoy my idea.
:)
USOIL Trading PlanPattern: Channel Up on 4H.
Signal: Bullish as long as the (dashed) Channel Up holds. If not the next buy candidate is the Symmetrical Support.
Target: 29.20 (Resistance). If broken then 35.00 (Higher High of the Channel Up). If the Symmetrical Support breaks then 10.20 (Hard Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
WTI US OIL Outlook : High chance of a SHORT OPPORTUNITYHELLO EVERYONE, FEEL FREE TO LIKE AND FOLLOW IF YOU LIKE MY IDEAS!
First of, H1 Time frame, shows a recent bearish double top pattern that lead to a sell off to the nearest support level @ 25.00. This is followed by a SHARP REJECTION at the resistance line @ 27.70, proving to be a tough barrier to break through.
WTI is now fighting in the 25.00 - 26.00 range
Possible Opportunities:
- An hourly candle CLOSE ABOVE 26.00 followed by bullish confirmation would see WTI retest the resistance of @ 27.70, giving us a possible LONG opportunity to 27.70
- A BREAKDOWN BELOW 24.50-25.00 area of support would see us a SHORT opportunity to TP1 @ 20.60, an area of major support
As always, remember to place your stop losses and good luck!
Regards,
Gol D Roger
USOIl - WTIHey Guys,
Hope you are getting good trade out of this. I can see two possible scenarios for coming week.
Share your thoughts and take care.
ty
US oil short 1hr divergence. Cup n handleOil looks good for a short. With a second attempt at a possible break down to the neckline again of the cup and handle.
Nice divergence on the 1hr MACDH should bring in strong selling pressure.
wti oil July long. DivergenceLong again with a nice divergence on the hourly Macdh. Daily RSI is also now showing a divergence.
A break of the low would look like a cup and handle breakout and we could plunge. So its a win win, long now for a bit of profit, short the low for even more
WTI Crude oil. Long. Fakeout on volumeNice cup and handle fakeout of the neckline break on volume. Good opportunity to go long.
WTI SHORTThe content here is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent trading decisions.
IS IT ALREADY THE TIME TO INVEST IN OIL?******************************************************************************************************************************************************************************
Decisions to buy, sell, hold or trade in securities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of “Day Trading” involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and the ability to bear financial risks.
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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
Crude Oil "SHORT" If we break the yellow resistance line, we might go down in the dumps. I have buy puts on oil stocks as of yesterday.
Oil cuts are not to be in action until the start of May which puts oil in a dangerous position this weeek. There is nowhere to keep this oil, this might just end up going to 0 like May features!
Good Luck!
CL1! - Will june WTI contract repeat the fate of May contractOil moves is really fascinating, after expiration of the May contract on WTI which fell to - $40, June entered into the game and already managed to collapse by 42% in a few hours of trading.
And it doesn't look like it's going to stop falling. Interesting for how low in a day?
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
BRENT CRUDE OIL HAS NOWHERE TO GO BUT UP!!!The oil price fall today , monday 20 2020 is at the highest for 20 years a whooping 104% drop on US oil will see investors loose 100% on their oil investments.. Fundamentally the USA and other counter parts are lacking facilities to store oil so its prices are dropping to zero and there's no where to go from there except up back to test the trendline so just buy.
Oil/USDWTI is More Crash?OGM #USDWTI #Oil Near All Time Low !
#OilPrice All Time Low $9.75 on 1 April 1986
What Your Idea oil is more crash???
Follow Me :)
Continue to plummet? Or Bouncing up ? The covid-19 is really disasters, crashing down more economy, crushing more financial markets.. for the moment now I'm bearish with this trade. Still looking any signs for bullish, but the bulls are hiding in the bushes..
