Hello Traders!
This is my forecast for WTI H1. I see another retracement from the bullish channel, considering this an opportunity to execute a long entry until the resistance level and above the Previous Day's High.
If confirmed, I will execute a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the...
TVC:USOIL USOIL (W) will aim for the $81.5 price area
With a solid pinbar candlestick pattern, most likely, oil prices will return to the 81.5 price range
within the next 1-2 months before new fluctuations occur.
🚨 WTI HIGH PROBABILITY BUY SETUP 🚨
* Here we can see clearly the next potential move for West Texas Oil in coming trading week.
* It's going to be worth keeping a close eye on this trade, as WTI can generate tremendous profits if it is right trade.
* EP(BUY): 69.701
* TP: 70.747
* TP1: 71.550
* TP2: 72.153
* SL: 68.547
* Keep your eye close on your trading...
I have set this position based on my analysis of the market and trading strategy. Therefore, it is recommended that investors conduct their own research and due diligence before making any investment decisions.
Thank You
US YoY CPI came above expectations yesterday, which led to expectations of further push of the prices. Although US Oil cushion reserve came above expectations, OPEC reported declined production of the month of January, and the expectations are for further increase of global demand for the crude oil.
On the 1H graph the price had broke the resistance of the Flag...
Rising US crude exports, indicator for increased demand, and weakening of the dollar helped for a price surge of WTI, which broke and close above the 12 days formed resistance on the 4H graph.
The technical indicators are also suggesting a bullish movement, with MACD histogram above 0 line and rising and RSI above 50 neutral line.
If this movement continues,...
WTI increased in value in the start of today's Asia session, following a weakened US dollar and the news that China is easing the COVID lockdowns, which will most likely boost the economy of the second largest energy consumer.
On the technical site, the instrument broke the resistance of the triangle pattern, MACD histogram is above 0 line and RSI indicator is...
CRUDE OIL – Futures: Price Moved Higher From Within The Range Of The Long-Tailed Bullish Pin Bar Signal
Price Action: Price formed a Bullish Pin Bar Signal overnight (We are not considering trading this signal).
Price moved higher from the prior Long-Tailed Bullish Pin Bar Signal that had formed late last week (We suggested buying on a retracement lower into the...
CRUDE OIL : Long-Tailed Bullish Pin Bar Signal
Price Action: Price formed a Long-Tailed Bullish Pin Bar Signal overnight.
The recent Bullish Tailed Bar Signal that had formed mid-last week failed (We suggested trading this signal in the July 11th members' weekly newsletter).
Potential Trade Idea: We are considering buying on a retracement lower to within the...
CRUDE OIL – Futures: Buying Within The Range Of Pin Bar Signal
Price Action: Price moved slightly higher from the Bullish Pin Bar Signal that had formed late last week (We suggested trading this signal in the May 20th, daily newsletter).
Price moved higher from the recent Bullish Pin Bar Signal that had formed over a week ago (We did not consider trading this...
CRUDE OIL – Futures: Bullish Pin Bar Signal
Price Action: Price formed a Bullish Pin Bar Signal overnight.
Price moved higher from the recent Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal).
Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the $95.43...
With Oil and Gas stocks continue to rally up form their 2020 lows, and SPDR S&P Oil & Gas Exploration & Production ETF ($XOP) already above its Pre-Covid levels, $WTI rally of +24.06% over the past weeks of trading upon the high volume break of a two weeks consolidated pattern, continue to suggest it is playing catch up relative to the broader sector.
With...
My entry 45.97 /// 5% moderate exposure, starting to build a bigger buy position.
SL 45.20 / Risk 3.5% - pips 77
TP 48.91 / Reward 13.6 - pips 294 / RR+3.8
The bigget channel will be to break the 13EMA on 4H, at price is literally testing it right now.
Later this week we have the OPEC meeting and to me they have been proven to bring excellent pips expecially...
