Selling West Texas Crude OilThe security shows continuation of it's bearish trend after a sharp bounce from its bearish trend line. Sellers can seek the opportunity to sell on the dip till the next respected trend-line support of 67.7.
(please note: the energy is formed a falling wedge pattern and might change its trend into bullish, so be mindful).
Wtiusd
Going Short in WTI USDHello Traders
WTI USD CFD Forexcom.
Trend Analysis: Downward
Formation : Double Tops (AE)
Possibility : Bearish Continuation
Probability to hit tragedy: 69.00%
Trade Plan.
Long / Buy Trade.
Entry Level on the break of the Pattern NECK line at FIB support blue line @ 7580.0
Take Profit @ Pattern Projection @ 6433.0
Stop Loss @ Daily Support Level / FIB 0 % Level 7848.00
Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 32 units @ 5% Risk
TP = Total PIPS in gain = 1407 Profit 15.59 %
Total PIPS in Stoploss = 8 Loss 2.79%
WTI BEARISH OUTLOOKCrude Oil benchmark WTI broke its previous established support at 81.75 and continued its downtrend through Wednesday after G7 talk for implementing a price cap on Russian supply. The mark cap of 65-70 USD per barrel was higher than the market expected, which elevate some of the fears of supply distribution of the oil. Another positive news for the global oil supply is that Chervon Corp. might expand operations in Venezuela.
Both MACD and RSI technical indicators are confirming the downtrend with MACD histogram below the 0 line and RSI below the 50 neutral line.
If the trend continues the price might try to reach levels of 73.65 or even 70.47 In the opposite scenario, the price might revert and test its resistance at 81.75
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.
WTIUSD| USOil ON A BULLISH ASSIGNMENT US oil finally repriced to go higher...
Confluences:
A sweep of liquidity below a weekly low
smartmoney Trapping retail bullish orders on the weekly with a failure swing
expansion to the upside creating a bullish mss / smartmoney institutional price swing/ Bullish Open float
Price traded I to the discount of the price swing and expanded to create equal highs.
smart money traded lower to trapped retail resistance traders
The smartmoney engineered liquidity below a short term low to take the price higher to a HTF premium array which is the draw on liquidity highlighted in the chart above.
Expectation :
Us oils will be price higher by the smart money to draw to the draw on liquidity.
Conclusion :
we have a bullish bias for this week and beyond
US OIL TRADING IDEAAs its clear from chart,
us oil has broken the blue down trend / bull flag and got a nice push up side,
As dollar index is in corrective mode and we can see some more pullback in dollar index,
We are looking oil as a long opportunity, any pullback around 90.70 -90.80, will be a long opportunity targeting 97.50 -97.80.
The idea will be considered as invalidated if it get backs inside to broken bull flag.
WTI CRUDE OIL SEEM SELL CORRECTION THEN BUY....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
CRUDE OIL EXPECTED RALLYRising US crude exports, indicator for increased demand, and weakening of the dollar helped for a price surge of WTI, which broke and close above the 12 days formed resistance on the 4H graph.
The technical indicators are also suggesting a bullish movement, with MACD histogram above 0 line and rising and RSI above 50 neutral line.
If this movement continues, the price of the instrument might try to reach levels of 93.8, but in the opposite scenario the price might test its previous support at 82.7
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.
XAUUSD BULLISH We are looking to buy gold from here 1634 till 1720 almost 900 pips we are predicting last time we predicted it to go down from 1664 till 1628 almost 350 pips and now its looking up and more then just up its almost 900 pips fro our perspective so buyers here is one of the best opportunitites we have for you with proper risk amangement the stop loss will be of 1620 and the target will be of 1720 so the ratio is almost 1:9 hope traders will make a fortune out of it