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Xtiusd

CRUDE OIL waiting for a trigger to sellon DAILY: OIL is currently sitting around a strong resistance zone in green and almost filled the previous gap so we will be looking for objective sell setups on lower timeframes. on H1: OIL is trading inside a wedge pattern (not valid yet) so we are waiting for a new swing to form around our lower red trendline to consider it objective and enter on its break downward. or we are waiting for the right shoulder to form and then enter on the head and shoulders neckline break downward. meanwhile, OIL would be overall bullish.
OShort
by TheSignalyst
USOIL Multi-timeframe Analysis! Understanding the Market!Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. Its highly bullish since the market negative values. Look at the monthly time frame its a perfect breakout off the key level which can be considered as the major one on the market. Now we should be waiting for a perfect retracement to be done on the key level and look back for longs towards 200EMA resistance or upper key level hanging around $42. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move! ⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰 Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
TVC:USOILLong
by Profitlio_Trading
6
Levels to watch in CrudePosting this for those who are interested in Crude and what to anticipate as there is lots of uncertainty around this market. Because of that some major hedge funds prohibited their traders to trade running crude oil contracts. On Market uncertainty - "Bloomberg has reported that only 50% of shale producers have hedged 2021 production compared to 60% that had done so at a comparable point last year. Many producers are finding themselves trapped in a Catch 22 situation. The current WTI price of $32/barrel is still way off the ~$50/barrel that many shale producers require to turn a profit. Hedging at this point would effectively mean foregoing any future price gains and guaranteeing yourself a loss. With production cuts so far working nicely, the recent storage crunch now in the back mirror and economies gradually emerging from lockdown, that appears like a rushed decision. On the other hand, this oil price rally appears to be running on fumes, and failing to hedge means risking even lower prices in the future. For instance, whereas the WTI June contract has rallied some 75% this month, WTI swap for 2021 has only climbed 10%. This essentially means that traders are very unsure whether the gains being made in the crude markets are here to stay." More - oilprice.com
TVC:USOIL
by ICFX
Crude bulls challenge 2020 downtrend?Crude bulls decided to challenge 2020 downtrend. 2020 downtrend that started January 8, 2020 remains valid (hence our stance is bearish) as long as we do not have a valid breakout with 3 DeMark breakout qualifiers. This is a turning point. Good news for bears - missed May pivot at 16.3 (in 90 percent of cases price always goes to test missed pivot). Look for a clear bearish setup from here. Observe how price respects monthly pivot levels. This applies to all markets. Monthly pivot levels are like magnets.
TVC:USOILShort
by ICFX
3
Historic replicationPrice is at R3 reversal area - April pivot (which was untested, price came to close it). April pivot range acts as resistance now. I see price drop back to 12-11, as history seems to repeat itself. 12 is also May reversal level, bottom of May value zone, which makes sense. So I would look for bearish setup anytime. As price make bearish reversal pattern, that is it. And it should anytime soon. Top correlation 5 min 1 XTIUSD - XBRUSD 95.8% 2 XTIUSD - CNI30 (CHINA30) 85.3% 3 XTIUSD - FNG10 (Big Tech 10) 82.0% 4 XTIUSD - GBPNOK -79.1% 5 XTIUSD - XNGUSD -78.6% 6 XTIUSD - LIT15 76.6% 7 XTIUSD - CAN20 75.3% 8 XTIUSD - GBPAUD -74.1% 9 XTIUSD - GBPSEK -73.8% 10 XTIUSD - FRA40 73.7% Top correlation 30 min 1 XTIUSD - XAGUSD 92.0% 2 XTIUSD - XAGEUR 91.9% 3 XTIUSD - XBRUSD 91.7% 4 XTIUSD - AUDNZD 91.6% 5 XTIUSD - GBPTRY -91.4% 6 XTIUSD - XAGAUD 91.4% 7 XTIUSD - XAUGBP 91.2% 8 XTIUSD - XAUUSD 90.1% 9 XTIUSD - GBPSGD -89.7% 10 XTIUSD - GBPCHF -89.5% Top correlation 1 hour 1 XTIUSD - USDTRY -95.9% 2 XTIUSD - XBRUSD 95.8% 3 XTIUSD - XAGEUR 95.7% 4 XTIUSD - XAGUSD 94.9% 5 XTIUSD - XAUCHF 94.2% 6 XTIUSD - XAUUSD 94.1% 7 XTIUSD - XAGAUD 93.4% 8 XTIUSD - GBPTRY -93.2% 9 XTIUSD - XAUEUR 93.1% 10 XTIUSD - GBPCAD -91.8% Top correlation 1 week 1 XTIUSD - XBRUSD 99.6% 2 XTIUSD - EURZAR -97.3% 3 XTIUSD - USDZAR -97.0% 4 XTIUSD - USDMXN -95.8% 5 XTIUSD - EURMXN -95.4% 6 XTIUSD - GBPMXN -95.2% 7 XTIUSD - USDCAD -94.9% 8 XTIUSD - ZARJPY 94.8% 9 XTIUSD - SPA35 94.7% 10 XTIUSD - NOKJPY 93.4% Top Absolute Correlation 1 month 1 XTIUSD - XBRUSD 98.2% 2 XTIUSD - NOKSEK 75.5% 3 XTIUSD - UK100 (FTSE100) 73.4% 4 XTIUSD - US2000 (RUSSEL2000) 71.0% 5 XTIUSD - USDHKD 68.3% 6 XTIUSD - NOKJPY 65.8% 7 XTIUSD - ZARJPY 64.8% 8 XTIUSD - USDZAR -61.5% 9 XTIUSD - EURPLN -60.7% 10 XTIUSD - XAUEUR -60.2%
TVC:USOILShort
by ICFX
1
OIL/XTIUSD Weekly Forecast 20th-25th Jan 2020OIL Weekly Forecast 20th-25th Jan 2020 - Oil Done a nice bearish move after the us and iran tension as expected, due to this big move down if I do anticipate a bearish move continuation, I will be looking for a corrective structure towards 59.3 and further more too 60.80. - If this plays out the first target will be set at 56.75. This will be a key area for new entries. . My weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead. Basic projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown. - - Telegram -
TVC:USOIL
by kieranchow