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Wtiusd

WTIUSD correction takes longer.WTIUSD correction takes longer. Continuing the previous analysis, the correction movement forecast needs to be modified. The long-term uptrend has not changed, but the decline on Friday last week predicts a further fall. My assumption is that the correction persists up to the lower ATR axis (white dotted line). You can turn north again by touching this axis. This level can be 55.67usd. However, due to the increased correction distance, as the ATR also increased in the meantime, the target price will also increase. Therefore, the rise after the correction motion is completed increases from 67usd to 72usd. So at the new target price: 72,062usd.
OANDA:WTICOUSD
by meszaros
CRUDE OIL (WTI/USD) – Week 7 – Bulls not letting go.WTI gained $1.23 to settle at $59.60 a barrel, rising the most from the beginning of the year. The sign of inventories declining in the U.S. and around the world point to the success that the OPEC+ has had in draining an oversupply left in the wake of a historic demand drop due to the COVID-19 pandemic. We will cautiously monitor this pair as we still expect a deeper bearish consolidation that can drop the price towards our trendline. We kindly recommend for this week that you concentrate on other instruments since we don’t have any confirmation that the bearish move will start. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
FX_IDC:USDWTIShort
by financialflagship
2
An important point for oilThis week will be important for WTI. From a fundamental point of view, we expect news related to production. Technically, we expect a break in the current consolidation and the break will determine the direction of entry. At the moment, the more probable scenario seems to be a break of the support at 44.66 and a continuation of 43.30! In order to confirm the trade, it is recommended to look for an entry after the break! If the resistance breaks, we would expect the upward movement to continue. If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
FX_IDC:USDWTI
by ForexTrendline
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
FX:USOILShort
by FX_Professor
Us crude Oil ( WTIUSD) ANALYSIS 27 OCT 2020Hi Assalam-o-Alaikum , Dear GooD Afternoon Hope you are well and enjoing your trading , i'm here with my new analysis of WTIUSD US Crude Oil (WTIUSD ) Current price is 3921.7 Current Resistence level is 3927.4 Current Support level is 3843.3 If Market Breaksout the Resistence level and Close on above this level we can enter in Buy Trade as Case 1 in Chart , Alternatively if Market Breaksout the Support level we can enter in sell here as case 2 in Chart I hope my analysis will help you in your trading best of luck share your point of view about WTIUSD in comments , Thanks
FOREXCOM:USOIL
by RANANADEEMFX
DOUBLE BOTTOM IN OIL + EMA resistancesGood day friends..Give us a thumbs up if you like our idea.Follow my profile to get new ideas and trade setups everyday OIL Due to the weaker demand in the Global market Oil felled towards the 36.12 which is the September low and then its formed a triangle pattern and went bullish up to 41.43 and traded in a range from September 17 to October 01 and again felled towards 36.63 and formed a dissimilar double bottom Currently the 200 EMA is acting as resistance for the bull and 50,100 EMA is acting as support for the bull. And my bias is towards the bullish side and the primary target would be around 43.00 which is a swing high area stop lose may placed below the 38.45 price action level OIL is currently in a consolidation phase if the price well above the 39.50 psychological level we can buy the oil. Disclaimer Its a forecast of the next expected moves Not a financial advice
TVC:USOILLong
by forexorbit
1