Oil - Crude (WTI) forum
USOIL a nice short otw ?
WTI An Early Christmas Present for You!As the content creator for the Beyond 50 Radio Show, here is special interview with Charlotte Dennett, the author of "Follow the Pipelines". She talks about the deadly politics of the Great Game of Oil within the Middle East that's little known history, focusing on Israel, Palestine, Lebanon and Saudi Arabia. Find out about the Trans Arabian Pipeline (called TAPLINE).
Dennett's father was America's first Master Spy in the Middle East for the CIA about 80 years ago and knew the game plan that's playing out today as Pipeline Wars. Mr. Dennett died mysteriously in a plane crash during a secret mission to Saudi Arabia.
Enjoy the interview and wishing you Happy Holidays!
app.talkshoe.com/conf/summary/42708075
WTI While I'm waiting for Santa to arrive, I thought I'd take a peek at the charts before the market closes today at 1 p.m. (New York Time).On the Hourly, it's in Bullish Market Bias after the rally from the S&R Zone earlier that crossed above the Bullish Trendline (in green dotted line) to flip the market bias from Bearish to Bullish.
Along the rally that is a "clean bull run" without a bearish candle within it, a Spinning Top and Exhaustion candle formed, which means that a reversal pattern is coming.
Be careful because a bearish reversal can either be a retest of the trendline and then go back up OR a "clean bear run" with no bullish candle to match the previous "clean bull run".
Take a look on the chart at what's above and below the candles as their obstacle course.
WTI I think if you get in now you will have a sniper shortWTI Oil pumping hard😱😱
WTI bought yesterday 69/69.10 closing 69.70 merry Christmas everone, see you
USOIL Oil seems to be walking a tightrope between supply and demand right now. Just the slightest news can push it significantly higher or lower for the session while staying in the short term trading range.Biggest wildcard: One errant missile from Russia into Ukraine that causes mass casualties or takes out some leaders in Kyiv (or a missile from Ukraine into Russia that connects with a bigger oil production facility) could bring that war back to top of the fold and send WTI above 75 in 2 trading sessions or less.
USOIL huge sell off 🧈 🔪WTI I'm going Short
USOIL 📊 USOIL 24th December 2024 Daily Analysis Based on Main Key Levels
In today’s analysis, we will focus on the current state of the USOIL market, emphasizing critical price levels and potential trading opportunities.
📍 Daily Current Market Price (DCMP)
The current market price for USOIL is 69.55. This serves as a crucial reference point for assessing trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 70.45
Resistance 2: 70.99
Resistance 3: 71.87
✅ Support (Below DCMP)
Support 1: 68.70
Support 2: 68.16
Support 3: 67.29
📉 Swing Levels
Swing High: 71.38
Swing Low: 68.84
Summary of Analysis
The USOIL market is currently positioned at 69.55. Key resistance levels above this price are 70.45, 70.99, and 71.87. The support levels below this price are 68.70, 68.16, and 67.29. The swing high is at 71.38, and the swing low is at 68.84.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 68.70
Stop Loss: ❌ 68.50
Take Profit 1: 🎯 69.00
Take Profit 2: 🎯 69.34
📌 Reason for Entry
The price is approaching a key support level at 68.70, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 70.45
Stop Loss: ❌ 70.75
Take Profit 1: 🎯 70.13
Take Profit 2: 🎯 70.99
📌 Reason for Entry
Resistance at 70.45 suggests a potential selling opportunity, with targets set below this level.
💡 Conclusion
This analysis provides a concise overview of key levels and trade opportunities for USOIL. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!