Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
ANALYSIS ON WTICOUSD Welcome to my analysis - 1HR CHart - Interesting Point of interest In the West Texas Oil. - Price below 200 day EMA. - look for sell signals. - Watch top for sell. - Watch line for break out to the downside. - MACD showing bearish divergence Stay Tuned
WTI Crude Oil Weekly Chart 16th January, 2020 Chart shows eventual downtrend target around $20/bbl or even lower. Only sustain trading above $72/bbl may negate.
All the necessary details are listed in the related trade idea, which was released not long ago.
ANALYSIS ON West Texas Oil Welcome to my analysis - 2HR CHart - Interesting Point of interest In the West Texas Oil pair. - Price above 200 day EMA. - look for buy signals. - Expecting some minor downward movement. - Watch 59.00 for take profit. - MACD showing bullish divergence Stay Tuned
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (56.22). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USOIL is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (56.22). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USOIL is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
October was phenomenally good for WTI oil trading. My last target for the long trade is lying on 60 level. Those who are looking for a short trade, focus on 60 - 61 resistance area. this area was respected multiple times by the market in the past and, in my view, it is the safest zone to sell. for now, it looks like bullish tendency will remain and...
My outlook for WTI OIL. Midterm and long term projection and thoughts. If you want more educational content and exclusive setups, join my private group !!!
WTI has a habit of spiking down (or up) shaking traders out of the market. Im looking for an opportunity to go long if smart money makes another move down into my sweet spot. If price doesn't hit my entry criteria there's no trade. As always, the market can go in any direction at any time and there's no guarantee of success, risk management is key.
WTI has clearly respected a key structure support level on a daily. we see a sequence of rejection/dodji/engulfing candles and rsi divergence as well. I have a bullish bias on WTI and currently hold a long position. My stop is 50 level but I have entered a few days earlier. Key levels for targets: 56.0 58.0 60.0 please, support the idea with like!)
Hey, ill keep it short and sweet. Saudi Arabia took a 5.7 million barrel a day production loss after an attack on one of its largest oil fields. Law of supply and demand... price goes up.
Midterm forecast: 60.15 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 60.15 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 50.90 on 06/11/2019,...
Midterm forecast: 60.15 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 60.15 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 50.90 on 06/11/2019,...
Midterm forecast: 58.05 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 58.05 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 50.70 on 06/05/2019, so more gains to...
Midterm forecast: 58.05 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 58.05 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 50.70 on 06/05/2019, so more gains to...