Hey all and happy Monday! WTI has given us plenty of trades over the last week since it entered is range, we made money selling and buying... but we think there could be a bigger bear move soon, hence we are short. Even tough we might have a bullish continuation on WTI's 1D chart, we see good signs of a bearish pullback, which is just enough for us to make a...
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After reaching the 49$ handle last week on a positive note, the oil market bulls have encountered some pitfalls close to Christmas; investors' attention has moved towards inventory unexpected buildup and virus concern rising on the European zone. Today recording the 3rd red session and finally breaking the ascending trendline, the price has found support at the...
Oil made a new high post negative territory above 45usd/barrel and for 2 weeks now is staling in this zone. I think at least a correction is just around the corner and WTI could fall to 43, to say the least. A confirmation for sellers comes with a break under 45. I'm looking to sell it
Although the price of Oil remains elevated, it doesn't convince me... Rises are very well capped around 42.50-43 zone and I expect the price to tumble sooner or later. A daily close under 41 would be the signal for bears and, considering the economic outlook, 35usd/Baril would not surprise me at all
As I said last week, I'm bearish WTI and, as expected, Oild dropped under the trend line support. Now the price came and test the last support and confirmed it like new resistance and I expect a drop in the near future. My target for short is 37 with 39 as interim support. A daily close above 43 would negate this scenario
WTI had a short-lived spike above resistance and this rise proved to be a false break. Now Oil is trading just in rising trendline support and a break here should accelerate losses towards at least 37.
Critical resistance level is 41.50. Bearish Pinbar in D1 cart. Reasonable reward/risk ratio.
From 34 recent low Oil has risen 20% to 41 resistance zone. Now the price is just under this important resistance and I expect Oil to remain in this 35-41 range in the medium term That being said I will look to sell rallies above 41 with a target on the lower part of the range
Hi Assalam-o-Alaikum , Dear GooD Afternoon Hope you are well and enjoing your trading , i'm here with my new analysis of WTIUSD US Crude Oil (WTIUSD ) Current price is 3921.7 Current Resistence level is 3927.4 Current Support level is 3843.3 If Market Breaksout the Resistence level and Close on above this level we can enter in Buy Trade as Case 1 in Chart ,...
From the beginning of September, WTI is trading in a range between 36 support and 41.50 resistance. At this point, Oil is trading on the upper side of the range and we have a nice opportunity to enter short for a 400 pips profit target. In my opinion prices above 40 should be sold and only a daily close above 42 would change my bearish opinion
This should bounce here, briefly, hopefully just enough to start loading Massively on the Dec. 2020, 25.00 PUTs - currently @0.60. 71 calendar days or ~61 trading days should be sufficient. Wait for those PUTs to first settle down here, following the recent -20% drop - which we caught without sweat. (... it was obvious :-) See attached.
OIL SELL TP_33.54_16.32%_6.54pips_SL_40.33_0.62%_0.25pips
Since mid-June, WTI OIL traded in a long rising wedge. Finally, we had the break of support followed by a 600 pips drop. Now Oil is recovering some of the losses, but I expect this to be just a correction before a new leg down. I will look for opportunities to sell WTI above 40 and my target is 32 with a great 1:4 R:R