Get started

Oilsignals

WTI OIL Excellent long-term buy opportunity.WTI Oil (USOIL) got its 1D RSI oversold below 30.00 as the market made a new Low since December 09. The last two times the 1D RSI was that low was on the medium-term (Lower) Lows of December 09 and September 26. This is a strong buy signal as every time the Low was priced, it did so on a consecutive 1D Double Bottom candle, which just did today. The Pivot Zone is the first level of Resistance, but since the Dec and Sep rebounds both hit the 1D MA50 on the way up, we will target that again, setting a medium-term target at 74.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2
Overall bullish direction unchangedNews: The short-term impact of Saudi Arabia and Iran announcing the resumption of diplomatic relations on the international energy market is limited. However, in the long term, due to the impact of the development of new energy sources and reduced international investment, OPEC oil-producing countries hope to maintain oil prices at relatively high levels to achieve fiscal balance and ensure domestic financial income. This means that the expansion of OPEC's influence will be beneficial for the global oil market to stabilize and maintain at a relatively high level for a longer period. Technical Analysis: Crude oil is still volatile and closed lower this week, but the real body of the candlestick chart has not broken down. Therefore, it is possible to see a bullish candlestick chart next week, with a preference for low long positions. The weekly support level is around 75.6, and the resistance level is around 80, so it is possible to consider high short and low long positions. On Friday, the daily chart showed a bullish candlestick with a long shadow and closed at 74.7, suggesting an upward trend at the beginning of the week. The support level is around 76.1, and the daily trading position is uncertain, but a long position can be taken if it does not break down. If the market is volatile, it may give a buying opportunity near 75.3, with the target of breaking above 77.4 and possibly reaching above 1 USD. The recent strategy is based on two possibilities shown in the chart, and the second possibility is currently being followed. However, regardless of which possibility is followed, the overall direction is still bullish, and attention should be paid to the retracement of small cycles. Specific operations will be updated in real-time, and everyone should keep track of the market's real-time changes, remain calm, and make accurate judgments. All theories are just references.
TVC:USOILLong
by Navigation-h
Continue to go long on crude oil. Due to positive data, the oil price continues to rise. Our long position took profit at 76.3. Currently, it seems that there is still momentum for oil to continue its upward trend, with the MACD indicator showing a second bullish crossover on the 2-hour chart. Resistance is near 78.5, so I believe we can continue to enter long positions with a trading strategy of entering around 76.3-75.8 and setting a profit target in the 78-79 range. If the oil price can break through the 79 level, the next target is around 80.8. TVC:USOIL MCX:CRUDEOIL1!
TVC:USOILLong
by Ice_and_Fire1
OIL: Expected to rebound to $80 The oil price also rose nearly $2 under the stimulus of data, reaching a high near $77. On the 30-minute chart, oil underwent a wave of pullback after consolidating near 76.6, and its current position is the previous consolidation level, which has some resistance but not strong. The short-term strong resistance should be around 77.4. From a technical standpoint, the current process resembles the formation of a U-shaped bottom, with the MACD indicator in a crossover state. If a death cross occurs, it means that oil prices will experience a short-term pullback to seek support, which is likely to be around 75.6-76. On the 4-hour chart, oil has been oscillating within a box range, and the range of 81-82 is a strong pressure level. The MACD indicator has formed a golden cross, and unless there are unexpected events, the oil price is expected to touch near 81 in the near future. Therefore, I believe that the current focus should be on long positions for oil, with buying points around the support level near 76. The first target is around 78, and the second target is around 80. If it breaks through 80, it can go up to around 82. The probability of a one-step trend is not high, and oscillating upward is the most likely event. Every pullback after each rise will be a very good long entry point. Thank you for your attention and trust. Please continue to follow me, and I will bring you more wonderful insights and help you gain more profits!
TVC:USOILLong
by triumphing
Crude Oil CROSSROAD! Reversal or Breakout? 12.0376.80-77.10-20 is a crucial resistance level. A break above may lead quickly towards 80.80 and beyond. Keeping below may lead to retest of 74.90 to 73.20 support trend-line. 74.90 is the trend-line, 73.20 is a cluster of horizontal support. Keep to the range and be patient! -------------------------------------------------------------------------------------------------------------- I do advise practicing caution while trading, especially leveraged products. Do your own research and never trade what you cannot afford to lose. --------------------------------------------------------------------------------------------------------------
TVC:USOIL
by Exactus
7
OIL: Short above 77 today Oil saw a high-volume drop below support near 78 yesterday, which turned the immediate position into a resistance level. As of now, there has not been a complete breakthrough and the trend has weakened, so in terms of trading, selling short positions is the main strategy for today, with buying long positions as a secondary strategy. Specific trading strategies: Sell short near 77.4-78.5, take profit near 76 Buy long near 75.7-74.2, take profit near 76.5 I will continue to track market trends and share trading strategies in real time. Thank you for your attention and support. If you have any questions, please leave a message in the comments section. I will provide you with the most sincere and responsible solutions to help you solve your problems. Many things may not yield immediate results at first, but only those who persist in pursuing their goals can experience the joy of success. As the saying goes, "Every cloud has a silver lining." The effort you put in will eventually receive a satisfactory response from time.
TVC:USOILShort
by triumphing
1
WTI OIL Sell opportunity halfway through the bearish wave.WTI Oil (USOIL) is on a short-term bearish wave after getting rejected on the Lower Highs trend-line of January 23. As the 4H MA50 (blue trend-line) is about to form a Golden Cross with the 4H MA200 (orange trend-line), we are opening a new short-term sell targeting 74.50, right above the Higher Lows trend-line. As you see every 4H Golden Cross has been a respectable sell entry, all of which aimed ad the Higher Lows trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
3
OIL: Trade at these levels Recently, the technical trend of crude oil has mainly been volatile, with support around 76.5-75.7 and short-term resistance around 78.1-78.8. Trading is dominated by short positions, with long positions being secondary. Specifically, short positions can be entered around 78.15, with a target around 77.5-77, while long positions can be entered around 76.5-76, with a target around 77.5-78. I will continue to track the market trends in real-time and share strategies. Thank you for your support and attention, and I hope you continue to follow me as it will contribute to the completeness of the trade. I will also share more interesting trading strategies for you to refer to! If you have any questions, please leave a message in the comments section, and I will provide you with the most reliable solution with the most serious and responsible attitude to help you solve the problem!
TVC:USOIL
by triumphing
1
Oil: Go long on this range. After analyzing the 4-hour chart of crude oil, it is found that yesterday's market first fell and then rose, rebounding after reaching support near 78. In the short term, it has broken through resistance at 79 and 80 and now support has formed around 78 and 79. If there is a substantial breakthrough and stabilization around 81.5, there is a high probability of further rising towards the strong resistance level near 83. However, the market currently needs further consolidation and momentum to complete the potential breakthrough, so we recommend shorting at higher levels and going long at lower levels. The specific recommendations are as follows: short around 81-80, long around 79-78, with a stop loss of 70 points and a take profit of 200 points for each.
TVC:USOILLong
by triumphing
WTI OIL One last upside target. This is the signal to sell.We are updating our WTI Oil (USOIL) outlook on last week's buy signal: Target 1 (78.50) has been hit as the price reached the Lower Highs trend-line that started on the January 27 High. If a 4H candle closes above this trend-line, you can extend buying towards Target 2 (80.00), which is where the 1D MA100 (green trend-line) is, posing as the Resistance. We will open sells when the 4H RSI makes a Lower High. This has worked 100% on all three previous Highs of the December - February range. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
6
Recap of my trade for todayGood afternoon traders, our trade for today on CRUDE OIL was as good as expected, after breaking the channel we got in with one contract exactly on the candle I put the 1st arrow on on the left, then after having a configuration I can't share with the public we added another contract on the 2nd arrow on the left, then the 3rd contract on the 3rd arrow and finally closed after having a squeeze pattern. In case you got any question don't hesitate to ask !
NYMEX:CL1!
by YassineAnalysis
WTI OIL Two break-out buy signals11 days ago we took the best possible sell entry we could have as we shorted the exact top, calling for the best sell opportunity since December: Right now the price is on a strong rebound, slightly higher than Support 1 (73.25) but with the 1D RSI on a confirmed reversal within its range. If you missed the bottom buy opportunity, wait for a 4H candle closing above the 4H MA50 (blue trend-line) as this was a confirmed buy opportunity on all previous three occasions (circles). First target at 78.50 and if the price closes above the Lower Highs (dashed) trend-line, we will re-buy targeting 80.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2
oil BrentWe are witnessing a correction in a channelized range that completed the -0.5 shark pattern in this range and we are exactly on the expected correction area of the above pattern, we are in the 50% Fibo area at 75.65 with a little flexibility in the above pattern at the intersection with the midline of the channel along with Two pivot point ranges at the prices of 64.15 and 71.28 can be expected to support the upward movement that can determine the role of the above reduction in dealing with the ceiling.
OLong
by maryammh
WTI OIL Approaching the best sell entry since December.WTI Oil (USOIL) has been rising within the short-term Channel Up as presented on our analysis last week: As previously mentioned, since December 12, WTI hasn't closed below the 72.40 Support or above the 83.30 Resistance. That keeps the price ranged and recurring patterns emerge. One of those is the current Channel Up which is quite similar to the Channel Up patterns of December 16 - 27 and January 05 - 18. This is what helped us take the buy last week above the 4H MA200 (orange trend-line), while the 4H MA50 (blue trend-line) gave a boost on February 09. The price is now approaching the orange Resistance Zone and technically a price near 81.50 is a Sell despite the presence of a Higher Highs trend-line. The reason is that the previous two Chanel Up patterns took approximately 36 and 38 candles respectively from bottom to top. A 36 bar sequence gets completed tomorrow so by Wednesday the latest (if this fractal gets repeated again), the Channel Up should top. We are waiting for that top, or better yet Double Top, to sell again and target the 73.25 Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
9