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Wtioil

USOIL SHORT UPDATE4hr set up got clapped saw that price was reaching for that last up candle before the down move (in the purple box) that left imbalance marked up the open and the 50% of that candle and market executed at around 54.75-54.70 oil can be very volatile sometimes & this set up happened very quickly but I was quicker #pewpew when you get clapped don't worry just clap back :) my SL is at BE currently letting Gbpusd, audcad, eurcad, oil, and eurchf play out I won't be entering any more trades for today all trades except eurchf are currently running risk free #gang
FX:USOILShort
by helidiaasss
1
USOIL TREND REVERSAL LONG ?USOIL price action testing EMA200 at 54.64$. USOIL closed above green support trend line and EMA 21,50,100. After correction to 50,97$ and bullish breakout at 53.5$. USOIL broken red resistance line with bullish volume respond. Was tested resistance at 54.9$. After that Small correction retest support at 52.37$ price level. Potential bullish breakout up to 56$. Volume: confirm bullish price action. Indicators: RSI above 50 points, MACD bullish crossover above zero line. Bullish sign. S/R: Major Support at 50.5$, Support at 52.5$, Resistance at 54.6$, Major Resistance at 56$. Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
TVC:USOILLong
by blockchaintrends
WTI Crude Oil: Buy opportunity within a Channel Up.Oil has been trading within a 4H Channel Up (RSI = 46.297, ADX = 36.695) since the October 3rd 51.00 bottom and is currently on its Higher Low zone. This makes it an optimal buy opportunity for the short term. The Highs within the Channel appear to be filling the Lower Lows of the downtrend sequence that led to the 51.00 bottom. Based on this the next Target (Higher High) should be near 55.50 where it will also make contact with the 4H MA200 (orange line). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:USOILLong
by InvestingScope
WIT Crude Long Term outlook. With the overall move towards more sustainable energy sources, I would certainly expect the demand for oil to diminish over the next 100 years. However, we don't trade off such macro perspectives. While certainly in a downtrend, Crude has been posting some predicable and identifiable chart patterns. A bounce back to test the downtrend line is certainly a possibility. Additionally, the EIA (The US Energy Information Administration) increased its demand forecast for crude in 2020. Baring some explosive trade war news or some other recessionary spark, I would imagine the price to claw its way back up over the next few months. Keep and eye on it over the next few months!
TVC:USOILLong
by HyptoCrypto234
WTI Oil: Ranged for the next 2 years.We have been focusing a lot on Oil's short term price fluctuations under a highly unstable environment. This High Volatility may be simply technically caused by the commodity's long term cycles, phases that tend to repeat over time. As you see on the chart the price is currently within a long term consolidation phase, similarly to what it did from mid 2011 to mid 2014. There are high chances of repeating and completing this phase again. The fact that the monthly chart remains neutral (RSI = 45.100, ADX = 18.497, MACD = 0.310, Highs/Lows = -0.7850) generally supports this idea that there is no trend at the moment on the long run. This is an idea we brought forward almost 1 year ago, of course with some deviations to the actual price action: The purpose of this is to give an idea to long term traders where they can buy, hold and eventually take profit over the next 2 years. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:USOIL
by InvestingScope
2