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WTI Crude Oil Sell TP = 42.67On the weekly chart, the trend started on March 13, 2022 (linear regression channel). There is a high probability of profit, since the channel is not yet closed. A possible take profit level is 42.67 ( this is the minimum take profit value, but it has a high percentage of payoff ). But don't forget about SL = 98 . Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelieveInTrading
BLACKBULL:WTIShort
by WeBelieveInTrading
Oil- Back above 80?After the double top from last year, Wti entered a downtrend and, considering the top and bottom, lost half of its value. However, we can see from the chart that prices under 65 are bought and Oil looks like it has a flood in this zone. More, from the chart we could also see the importance of this zone, acting as resistance back in 2021 and support in 2022. More, this level acted as resistance in 2019 and 2020, before the pandemic craziness. In conclusion, at least in my opinion, there is a fundamental demand around this price. Considering this price as a floor, the logical outcome in the future would be a test of 83 resistance. So, a drop under 70 could be a good buying opportunity in medium term and such a trade would also have a risk:reward of 1:2
FOREXCOM:USOILLong
by Mihai_Iacob
4
WTI OIL Very strong long-term Buy opportunity.WTI Oil (USOIL) hit the last remaining targets as pointed out on our April 24 idea: In fact, this completed our long-term 3 target approach as presented on our analysis three weeks ago: That has come after a Double Bottom buy almost 2 months ago (March 16), which falls into our usual long-term swing trading approach that we apply successfully on our activities: Right now we are on a similar buy opportunity like that idea above almost 2 months ago, as not only did the price bounce aggressively on the 64.50 Support (previous Low) but also the 1D RSI got oversold (30.00) and is rebounding. That has been a common feature on all previous Lower Lows within the long-term (8-month) Channel Down pattern that started on the August 30 2022 High. Every bullish leg towards the Channel Down Top, has always hit at least the 1D MA50 (blue trend-line). That is currently at 75.66 but declining aggressively and we expect contact to be made at 73.90, which is the top of the 5-month Pivot Zone (that has been a Support for 3 months straight). The previous Lower High (April 13) was made exactly on the 1D MA200 (orange trend-line) which is the long-term Resistance, so it is very likely to hit that level also on the long-term but until then we will have our outlook updated. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2
USOIL set for a ride!Instrument : WTI Possible direction : Bullish Technical Analysis : Early this month WTI opened with a gap and was in consolidation and finally price has filled that gap and bounced from the long term support zone. As there is strong illiquidity grab and filling out of gab, WTI may start its uptrend and may continue to rise. Upon retest of the previous resistance as support a buy trade is high probable. Possible trade recommendation : Bullish as per sketch. Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
BLACKBULL:WTILong
by ForexWizard01
2
WTI OIL on a triple Resistance test! Get ready for a big move.WTI Oil (USOIL) has gone a long way since our buy call a month ago, that not only did it hit its target but smashed through the Jan Lower Highs and the 1D MA100: The critical development of the week is that it hit the 1D MA200 (orange trend-line) for the first time since August 30 2022. Naturally that alone constitutes big news as along with the 83.35 High of December 01 and the top (Lower Highs trend-line) if the 8-month Channel Down, form a Triple Resistance Cluster. In our opinion, as long as the price is inside the Channel Down, we have a huge long-term sell opportunity, with Target 1 being on the 1D MA50 (blue trend-line) at 76.50. If on the other hand breaks above the Channel Down, we will hedge buy on the short-term and target the 1W MA50 (red trend-line) at 88.00, which is untouched since October 10. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
4
Oil to rise above 90Since December, Oil was trading in a range between 70 and 82, and after the false break under 70 that happened in March, bulls came back with a vengeance. The beginning of April is marked by a small consolidation above the 80 figure and just under the resistance and yesterday's candle seems to have resolved "the case" in bulls' favor. The most likely scenario at this moment is up continuation and most obvious target is the 92-93 resistance zone. I'm bullish WTI as long as the price stays above 80
FOREXCOM:USOILLong
by Mihai_Iacob
2
WTI OIL One last upside target. This is the signal to sell.We are updating our WTI Oil (USOIL) outlook on last week's buy signal: Target 1 (78.50) has been hit as the price reached the Lower Highs trend-line that started on the January 27 High. If a 4H candle closes above this trend-line, you can extend buying towards Target 2 (80.00), which is where the 1D MA100 (green trend-line) is, posing as the Resistance. We will open sells when the 4H RSI makes a Lower High. This has worked 100% on all three previous Highs of the December - February range. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
6
WTI OIL Bearish reversal confirmedWTI Oil (USOIL) is so far following the trading plan we presented 11 days ago, rising first towards the 83.40 Resistance and as it failed to break above it, it instead broke the short-term Channel Up downwards: This basically confirms the bearish reversal of January's rally, with the price breaking below the 4H MA50 (blue trend-line) but at the moment finding Support on both the 4H MA200 (orange trend-line) and 1D MA50 (yellow trend-line). A new rejection on the 4H MA50 and closing below the 4H MA200/ 1D MA50 cluster, will be a sell signal for us, targeting first the Higher Lows (dashed) trend-line and the 70.10 in extension on the longer term. Check also how the 1D RSI got rejected emphatically on its own Lower Highs trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
3
WTI: CRUDE OIL TREND OUTLOOKLet's look to Wti. It moved up in the past weeks. But I think that trend is weakening and downside movement is possible soon. Because, Crude Oil is reaching to strong level - 83.83! What should we do in this case? 1. Place sell stop order at 81.52 2. First target is 76.98 3. Second target is 73.16 4. Stop Loss is necessary at 83.50 But if it will continue upward movement? Then, we need place buy stop order also: 1. Open buy stop at 83.65 2. Target is 86.98 3. Stop is 81.01 That's all for today. Let's wait and see what will be happen in next days. Good luck!
BLACKBULL:WTI
by Forexcues
1
WTI or USOIL (XTIUSD): BUY analysisWe can see WTI price jumped up as our prognosis here: Now, what will be happen? Price tested upper level on the chart and it will not stop here or it will continue its nonstop movement. Hereby, WTI confirms own strenght. This is very gratifying occasion for us, because we love WTI trading. So, today WTI broke up trend channel to upward. You will see on the chart. We need draw new channel for further explanation. OIL was moving between blue-green channel and it is entering to red trend channel. I marked these channels on the chart. It tries to create a new channel by choosing the correct entry point. What is next level? I think that, WTI will continue own movement until it reachs to 82.35. Because, this point is keypoint and strong level also. On the technical side, this is non-breaking level. But we think that this barrier can be broken, taking into account the volatility of the oil price (of course, if there is no strong fundamental or strategic news). You can open a BUY operation by setting a stop loss. It is possible to set 82.30-82.35 as a target. Let's trade and see what will happen in the coming days.
TVC:USOILLong
by Forexcues
WTI (CRUDE OIL) shortterm forecastHi dear traders. WTI (Crude OIL) created nice trend channel started from 73.37. Upper border of the channel is 75.60. Although, oil prices is moving between these prices from 16 December, as soon as it will jump to 77.55 level. This is my private opinion and this is good opportunity for buyers. Signal characteristics: WTI will move down firstly, then possibly impulse here. Small impulse will reach to 76.29. Then will come retracement. It will retest 75.80-76.00 secondly. As a resut, second impulse will take us to target. Of course, we need entry, take profit and stop loss levesl for signal: ENTRY: 75.62 TP 77.50 SL 74.25 Signal can reach our target during this week. Do not forget to put Stop Loss because trading without SL is gambling only. This will be non-professionalism. Good luck and follow us ))
TVC:USOILLong
by Forexcues
USOil | New perspective for the week | Follow-up detail3 days into the EU ban on Russian seaborne crude imports, oil producers in Russia are going against all expectations to ramp up production in recent weeks. With the Russian seaborne crude oil import ban around the corner, a potential OPEC+ output cut on the table, and ongoing discussions about capping Russian oil & gas prices, we looked at the charts from a technical perspective in this video to decipher how the recent developments will affect price movement in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
1
WTI OIL Near the top of the 4 month Channel Down.The WTI Oil (USOIL) rebounded on its 4H MA200 (orange trend-line) yesterday and is once again near the top (Lower Highs trend-line) of the long-term Channel Down pattern that started at the end of June. On the short-term, it has been trading within a Channel Up (dashed lines) since the October 18 Low. Naturally, the Higher Lows on the 4H RSI draw comparisons with the August 30 - September 20 fractal, which formed a Channel Down and eventually bottomed around the 1W MA100 (yellow trend-line). Our trading plan involves break-outs. A 1D closing above the top (Lower Highs trend-line) of the Channel Down, targets the 1D MA100 (red trend-line) on the short-term, also inside the August Resistance Zone. On the longer term, the upper Fibonacci retracement levels can be targeted once the previous breaks. If the price breaks below the 4H MA200, a short-term Channel Down similar to that of mid September (blue) can be materialized and target the 1W MA100 again. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
1
WTI SHORT TERM RECOVERYWTI recovered some of its loses yesterday after expectations of supply slow-down due to the hurricane in the Gulf of Mexico. But the continuous straightening of the US dollar and the expectations of continuing slow-down of Chinese economy might decrease the demand of crude oil. This will probably put further pressure on the crude oil price. Bearish traders might take advantage of this scenario by waiting a bit for WTI to reach more favorable levels and enter into positions. Although technical indicators on the 1H graph show "Buy" signals, on the 4H and the daily graph the indicators are still bearish, with MACD histogram below 0 line and RSI below 50 neutral line. This might indicate that the recovery is temporary and the bearish move has not finished, but just slowed down. If bearish trend continues the price might test levels of 72 USD, but if the trend makes a more permanent reverse, it might test its previous high at 86 USD. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial
USOIL is in possible sell zone!!USOIL 4h Has broken down after creating a head & shoulder on the lower timeframe. Upon new opening, the price has formed a new bearish structure and again has broken down after a liquidity grab as soon as the market opens. Currently, price retesting the previous support as resistance on the local structure and rejecting that can give us another opportunity to sell WTI after our first successful trade as soon as the market opens. Press the like button if you enjoy this content :)
TVC:USOILShort
by ForexWizard01
WTI DWINDLES BETWEEN HIGH RATES AND THIGHT SUPPLYWTI remains indecisive. On one hand traders are suspecting continuous increase of the interest rates, after Fed decision in Wednesday. On the other hand, the further escalation by Russia of the war in Ukraine and the thread by the Nigerian oil minister Timipre Marlin Sylva that OPEC+ will decrease production if prices keep falling, are creating fear of tightened supply. All technical indicators are suggesting downtrend for WTI price, with MACD histogram being below the 0 line and RSI being below the neutral 50 line. If price keeps falling, it might test its most recent low at 80.9, but if the trend reverses, it might test its resistance at 89.7 or even the one at 97.2 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTI
by legacyFXofficial
Will WTI Oil drop under 70?Since the double top marked by March and June's highs above 120, the price of Oil has started to fall and found support under 90 and under the neckline of the pattern. Last week we have a false break above this neckline reversed with a strong bearish engulfing and Oil is trading again near 88 support (also an old resistance from Oct and Nov 2021) The pressure seems to be on the downside and a clear break of support would confirm this outlook. In such an instance we can have a continuation to the downside and a drop to 70 important horizontal support and also the measured target for the double top.
FOREXCOM:USOILShort
by Mihai_Iacob
6