US WTI Crude (Spot) (XTIUSD)US WTI Crude (Spot) (XTIUSD)US WTI Crude (Spot) (XTIUSD)

US WTI Crude (Spot) (XTIUSD)

No trades
See on Supercharts

US WTI Crude (Spot) (XTIUSD) forum


USOIL slowest week since April🙃 possible gap on Monday

USOIL USOIL:The strategy of going short

USOIL: Same thinking, still maintain the short strategy. Friends with short orders at 63.3-63.5 continue to wait, can increase short orders near 63.8, the target is 62.5-62.3 unchanged


Idea: USOIL:The strategy of going sh…

USOIL From a technical perspective, the daily chart of WTI shows that the price is running in a short-term rising channel, with support at around $62, while the upper resistance is concentrated in the $64.50 area. In recent trading days, WTI has received support at the 60-day moving average and successfully broke through the 20-day moving average, indicating that the short-term bullish momentum is gradually increasing.

At the same time, the MACD indicator shows a golden cross signal, and the momentum column continues to expand, indicating that the price is expected to further test the $65 mark. If the resistance level can be effectively broken, the next target may be $67. On the contrary, if it falls below the lower track of the channel, it is necessary to be alert to the risk of returning to the shock range.



WTI I already have puts, but this is a great set up for straddle strategy. Based on upcoming news, it can go either way. It already faked down once and not gonna do the same. On the way up it already faced tremendous resistance, so if it breaks up, it will go. What do you think?
Snapshot

USOIL Watch how the bears react around the two-tiered S&R Zone on the 4-hour chart. The bears can drop down towards it (starting at 62.98), but will they have trouble breaking through?

If the bears can't break through the S&R Zone, then the bulls will rally towards the Swing Highs of 63.85 and 63.86 to breach and a breakout from the high of the Inside Day at 63.92.

Opposite Scenario: If the bears do break through the S&R Zone, they can do a breakout from the Inside Day's lost at 62.15.

*Reminder: A BIG move is still coming, based on the Double Inside Day on the Hourly chart.
Snapshot

USOIL Hmm gap down on my broker you can never trust oil on openings :)

USOIL dear Oil, we know and appreciate your desire to break free but for now please get back where you deserve to be