USOIL moving as anticipated. Target still above $115 in 6monthsThe WTI/ USOIL also known as US crude oil/ XTIUSD is on a very strong bullish trend. I have set multiple take profit points in my previous chart analysis and look to take more profit at 84.5, 86.00 and 91. USOIL is a very great commodity to invest in as it has high volatility and in most cases a very clear direction.
Although fears that countries will phase out the crude for energy that is less harmful to society and reusable, rolling it out may take an entire generation.
What are your thoughts on the Crude?
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Xtiusd
USOIL Swing updateThe reward is near, you've held for months, we're now about to approach a significant price in the USOIL were most oil traders will feel that the market will change direction at the resistance level $91.50. In the next two weeks we will have a retracement where we will see oil sell from $91 a barrel to $84 a barrel. Most scalpers take such opportunities to capitalize on profits. I recommend that you take some profits at the resistance of the rising wedge and open a buy limit at support ($72-$74).
Once we can confirm a clear bullish movement at $85 (strong resistant cluster on the daily and weekly time frames), we will take the opportunity and take profit from $100 - $115 a barrel.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
XTIUSD trade has achieved top Target..XTIUSD trade has achieved top predicted target then started third wave of target with 2000% growth. Trade new direction will be calculated after completion of target.
WTI Oil Coming Lower to 1980s After Russian De-escalation? Currently Oil is sitting at a resistant trendline on the higher timeframes with a strong bearish candle being printed so far, about 2% down today. We've formed a double top on the timeframes below and after a brief pullback we're ready to move lower. This change in sentiment comes from the news that Russia has begun to withdraw troops off of Ukraine's borders but still looking to show off it's military power in drills that will take place in the future. Western media were salivating for war with Russia, an enemy it has built up in recent years, but in leaked wikileaks cables from 2008, Russia predicted the destabilization of certain Ukraine regions once the West tried to push into Ukraine because pro-Russian communities would begin to fight back. This has since come into fruition since 2014 and so Russia are clearly not acting on a whim, but rather a strategic posturing I would call recent events. Putin has not been afraid to downplay the strength of the Russian military in comparison to that of certain Western countries so it doesn't come as an ego damage that he would remove some troops. We'll see how this plays out but the situation has been overly exaggerated and now we will see outflows from safe havens if the above still holds through in the days and weeks to come.
XTIUSD trade resistance zoneXTIUSD trade is near to break resistance level. If it’s break then it will go next resistance level then there will be chance trade will retrace back to low level.
USDWTI D1 - Bullish SetupUSDWTI D1
Change of bias again on WTI, we didn't manage to close south of resistance last week, 5th bullish weekly candle seen.
Additionally, the daily candle looks like a solid break and retest play with a nice daily wick rejection. I feel we could start to rally towards that $90/barrel price in the near future.
TS ❕ BRENT: above 85$Oil is likely to hold above 85$ in the near future. At the moment, a small downward correction suggests itself, but you should be careful, as the price is moving in a strong uptrend.
SELL scenario: A deal to sell is expected after the formation of the third top. This setup will be as confident as possible with the target of 85.15.
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XTIUSD/ USOIL/ WTI Bullish continuationUSOIL has been following my every analysis. I'm adamant that we will eventually reach the $120+ a barrel indefinitely. Following up from my previous analysis, it's time to grow more from here to
TP1 78
TP2 82
XTIUSD heading towards resistance and achieved first target.In our previous prediction we earned 600% growth. XTIUSD trade has strong resistance and there is potential chances trade will reverse from that point back to touch lower trend line . If trade breaks trend line then In that situation trade will go for big decline zone.
XTI/USD XTI/USD
OPEC+ outside OPEC has left unchanged plans to increase oil production in February. The current growth is supported by events in Kazakhstan and pipeline problems in Libya. Trading volumes are accumulating for a downward correction, after which a transition to a flat is most likely before any progress appears in the US-Iranian negotiations.
XTIUSD heading towards resistanceIn our previous prediction we earned 250% growth. XTIUSD trade has strong resistance and there is potential chances trade will reverse from that point back to touch lower trend line. If trade breaks trend line then In that situation trade will go for big decline zone.
USDWTI H4 - Short SetupUSDWTI H4
Still in that lower low lower high sequence as highlighted in the above rundown.
The first trading zone offered just 1R, enough to bullet-proof and eliminate risk. Price pushed beyond resistance and we are now back on that 71.50/b.
If we see rejections from here, we could trade back down towards sub 70/b and respectively 65.
USDWTI H4 - Short SetupUSDWTI H4
This setup is still valid, we are still within that latest lower low and lower high sequence, we just popped higher above our H4 trading zone.
Looking for a break of 71.00 and subsequent retest of 71.50 on the hourly to allow for the break and retest play on the hourly timeframe.
XTIUSD trade is going to big recession zoneXTIUSD, Crude oil trade can go for big recession in upcoming days. You can keep two entry and target points as shown in the chart. Trade will be invalid if oil crosses $95.
Dear traders, here I published my technically analysis. I will enter in the trade when I will observe sell candle. Before you enter make sure trade should show bull exhaustion. If you like my idea then support me with your comments and like button. If you want to know more about instrumental analysis of other Coins then just ping me.