USOIL - CRUDE OIL BULLISH REVERSAL EXPECTED MOVEoil is about to retrace back to 76-78 zone be realistic and never enter before confirmation in LTF
I am not your investment advisor, enter at your own!
Oilshort
Oil buyPeace be upon you, there is a high probability of oil rising with the formation of the descending channel. Now he is correcting the golden ratio of Fibonacci 61%. We have two very positive candles in the four-hour time frame
Oil Failing at Key AreaOil failing to breakout higher here, suggests that we are likely heading much lower.
Sell OilOil looks bearish on the weekly timeframe and next month looks bearish with possible new lows to bottom area 60.
Oil on the weekly timeframe is in a descending downtrend channel and currently rebounding back from the upper channel of the downtrend at the resistance and supply zone at area 82 and already this week broke previous two weeks lows.
Looking for lower prices here / 3:1 RR / Following Momentum1. Weekly bias playing out 2. 4hr just closed with large top wick exhuastion at pre-planned level 78.7 3. Bear Momentum, Wicks get filled in momentum 4. High Volume time
Sell Based off Rejection of Daily Zone 81 -> 81.40Another Sell Position here. More Sell positions 3:1 RR back down to support.
Chevron | Short the TopChevron looks like it is about to rollover after creating a new high, along with announcing a buy-back program.
Not really much else to say....? bye ✌️
Waiting For Dropping!Expect crude oil to fall. We wait until it hits the area 82
Its great resistance for dropping oil.
Crude oil💥1D -TIMEFRAME ANALYSISCrude oil💥1D -TIMEFRAME ANALYSIS
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This is my new idea for 💥Oil
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Exxon mobil and other oil stocks are boughtNYSE:XOM
PEPPERSTONE:NATGAS
Oil stocks usally follow natural gas and the price of oil pretty closly.
this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil.
recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why??
i belive this is because of very high profits which they got when the price of oil was high
and also investors thinking that the price of oil will rebound
i think oil is over bought as the underlying asset is down but the Stocks selling those assets arent
Not Financial Advice just an opinon
fell free to Correct me on any of my points if i didnt see something
Financial Wave. CLOur priority view in CL remains the same. A downward move could take Oil prices to the first target of $62.92. If the CL price rises above $81.72 our scenario will change.
Volatile start to year for gold and oil In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a continuation to the upside at the start of the new year. Although the volatile uptrend pattern appears to remain intact.
Currently, XAU/USD is sitting in the green “buy zone” of the Investing Zone Indicator. The Alma Trend Ribbon included in this indicator is presently blue, further suggesting that gold is bullish at this point. If gold manages to sustain this bullish outlook, $1,900 might be an appropriate pivot point, with $1,940 perhaps as far as a price traders might like to target.
Meanwhile, Crude Oil appears to be in a downward trend, with the price below the pink (bearish) Alma Trend Ribbon. In 2023, the price cratered from ~$80.00 a barrel to as low as ~$73.00, in the first 4 days before consolidating near this low, but not without printing some impressive wicks. This week, crude oil has experienced a small rally to avoid moving deeper into the yellow sell-zone of the Investing Zone Indicator. $76.50 now appears to be a resistance level for oil, so traders might like to watch for further rejections, particularly at $74-$75, before looking for price targets below $73.00 in the days ahead.
USOIL 70The chart shows the downtrend.
After breaking for the second time the support of 78, it will test 74. We will see if it bounces towards 85 or we go to 70
Technical analysis: daily time frame The RSI is bearish .
DISCLAIMER: This review is not intended to encourage the buying or selling of any particular security. Furthermore, it should not be the basis of any trading action by an individual investor. Therefore, your own due diligence is highly recommended before entering into a trade. TVC:USOIL
USoil short CRUDE sellUSOIL CRUDEOIL sell SHORT
thick stop loss
RR 1/10
FIBO 61.8 retrace from main down trend
oil shortIf we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
Brent crude bearish sentiment Commentary:
Despite the optimism around the reopening of China from COVID restrictions, oil prices remain vulnerable to fears of a global economic slowdown. The EU’s price cap at $60 per barrel while OPEC+ is expected to maintain existing production targets adds towards the bearish outlook on price.
Brent crude : Last weeks gains can be viewed as a “corrective” bounce off the $81 support; since price has pierced below the September 26th lows at $82.30 may serve to keep alive the bearish price sentiment; downside potential spotted near the $79.7s while upside seems limited to $89.2 in the short term (5-25 days).
Not investment advice. Past performance is not indicative of future results.
Oil update Oil finished the down correction wave
Oil now preparing to go up harder than you think
Best buying area to me was in 75
So many people was thinking its going to 63 !!!!! No way
Now next monthly target to me is 110 $ then 150
Good luck
20 Reason for sell OIL 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Sideways
2 📆Monthly: Bullish to corrective mode
3 📅Weekly: a clear bear trend is established with proper lower lows
4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: long shadow rejected at resistance
7: 3 Volume:
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways to bear
9: 5 Volatility measure Bollinger bands: rejected at the middle band
10: 6 Strength ADX: just beginning strength for bears
11: 7 Sentiment ROC:
✔️ Entry Time Frame: H4
12: Entry TF Structure: sideways
13: entry move: wait yet
14: Support resistance base: upper resistence
15: FIB: nil
☑️ final comments: wait for breakout
16: 💡decision: sell
17: 🚀Entry:79.90
18: ✋Stop losel: 81.5
19: 🎯Take profit: 73.66
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 10 days
USOIL Outlook - $76.50 ZONE BROKENJust as anticipated, the 76.50 zone has been broken. We know that with every zone break comes a RETRACEMENT. The market-makers does this to trap traders.
Price is now preparing to plummet downwards to my 40.00 zone. I remain patient!
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Check out my previous analyses on USOIL.
ERX Energy Play Head and Shoulders BearishOn the one hour chart, ERX ( triple energy ETF) completed a head and shoulders
and is now downtrending with a crash through the EMA 100 and EMA 200
and now one standard deviation below the VWAP. The Momentum Indicator
shows downside momentum is greater than it has been in recent months.
The inverse ETF called the ERY would be expected to be the inverse of this.
The XLE would be similar but not triple leveraged.
This appears to be setup for a good long term swing short or a put option
expiring in late January or February.
Oil update Congratulation for how bought and trust my TA , and strategy .
Oil have been wild this days we need , what we need now is more confirmation.
We have to back test 78-77 area , where we deform the bullish pattern to continue up .
Target putted in red .
Accumelation 78,79 ,77
Selling is risky , you can start buying from here .
Today my target is 81.5 if break it hold to 85 .
GOOD LUCK
Why buying oil Oil have to scenarios on is going up to 106 $ where it will form double bottom pattern . At 75 $ which is forming now .
How it fail ? Close 2 days below 75 $
Second scenario , going down as we have double top at 92 $ . Where it can reach 70 $
I believe upside worth more risk . Because it more logical and reflect the indicators as we are in over sold monthly
If we cross bellow 75 $ 2 days ill be seller to 70 max 63
For daily trades i believe we have a big bounce can kill the seller soon .
GOOD LUCK
