Wtioil
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).
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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?******************************************************************************************************************************************************************************
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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 $9.75 on 1 April 1986
What Your Idea oil is more crash???
Follow Me :)
Continue to plummet? Or Bouncing up ? The covid-19 is really disasters, crashing down more economy, crushing more financial markets.. for the moment now I'm bearish with this trade. Still looking any signs for bullish, but the bulls are hiding in the bushes..
WTI Buy?Ich schließe nicht aus das WTI weiter fällt,
jedoch sehe ich auch eine Seitwärtsphase und wir befinden uns am Allzeittief.
Deshalb sehe ich auch den Buy versuch in Richtung der Trendline als durchaus valide.
Bret Oil- towards 35-36 zone?While WTI OIL is making new lows, Bret OIL stopped its descend and is consolidating in the 28 old resistance area.
I believe next week will be one of gains for both WTI and Bret and I'm looking to buy Bret OIL for a retest of 35-36 resistance.
Also, a buy trade can have a comfortable 1:3 risk: reward ratio.
OIL Break 20$ 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
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Thank you for your support, I appreciate it.
WTI Oil: Buy opportunity short term. Scenarios moving forward.Oil is trading sideways on the 1H chart (RSI = 47.613, MACD = -0.080, ADX = 28.589) as it is consolidating on the 19.20 Support. The MACD on the 4H chart just made a bullish cross and if the sequence of March 31 is repeated then we can have a rebound towards the 29.20 Resistance. That would however break the 4H MA200 (orange trend line) which hasn't been testes since January 10th and if broken would be a sign of stabilization and recovery for the market. So until then it is best to target the Lower High trend line of the Descending Triangle.
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