hi traders WTI looks good here. We are getting a bullish englufing candle on the weekly degree. It may be a sign of a trend reversal. Around 4,40 $ we should see a strong resistance. Looking for a pullback to enter long. Entry, target and stop loss are shown on the chart
Based on the current chart, it appears that BLACKBULL:WTI crude oil is approaching an inverse resistance level—a threshold it has decisively surpassed only twice before. The first instance occurred in 2015, a period influenced by OPEC's late 2014 decision to maintain production levels instead of cutting them, which would have bolstered prices. The second breach...
Negative correlation for USDCAD pair. basic price structure to complete the fucking leg
Crude oil in the monthly time frame Price correction is more likely than price growth
Most time frames are oversold atm and shows price severely dropping as low as 3-4$ NFA but do set alerts and read the market again.
Right now WTI is breaking above the Supply Line of what looks to be some kind of Bump and Run Reversal Bottom at an Ice Line while forming somewhat of an Inverted Head and Shoulders Pattern. If this level holds we could see it go for the next major level of support/resistance all the way up at $44.57
I got into this yesterday at $4.40 speculatively but we are holding and moving up so I thought I would share this trade. It looks like a good oversold condition on many time frames, sitting at support as well. Macd curling up potentially! I'd like to target that 200ma personally, then let some ride. Not financial advice, DYOR.
Sell to Open WTI Nov 18 2022 5 Put Limit at $0.05 (Day) End of the correction
Watching $WTI as a PEG Strategy. The latest drop in price appears to be headed to AVWAP from day of gap up. Watching for support.
We are bouncing off a demand zone and fib retracement line. Green zones are supply zones pulled from various time frames (daily, H8, H4, H1) ($5.5, $6.8, $7.4 are supply zone areas) We could have a nice run into earning as USOIL futures corrected quite a bit and looks to be bouncing now.
*WTI Setting up for a New 52 Week High *Daily volume is more than double of average volume *Taking full advantage of price appreciation in Crude Oil
Well, I was not prepared for this to break out so fast. We still have a nice 5% scalp possible. NFA, DYOR
WTI - Weekly - EDUCATIONAL only - Support, Resistance, Trend Lines, Fibonacci, Triangle, Cluster - Hope it Helps, Good Luck
Current trend The North American light oil price, WTI Crude Oil, declines, currently trading around 70.70. Yesterday, the US Energy Information Administration (EIA) published key statistics on the state of the domestic oil market. According to the department, commercial stocks for the week fell by 0.240M barrels to 433M barrels. The volume of imports of "black...
Current trend The price of WTI Crude Oil is increasing and is currently located at 82.92. The quotes are trading in an uptrend amid a decrease in fuel reserves in US warehouses by —2.485 million barrels against an increase of 3.594 million a week earlier. Additional support to the price is provided by the strong position of OPEC+ regarding the preservation of...
Date : Wednesday 20th October 2021 Time of trade (Malaysia Time) : 23:32 Scanner : DDNK Bullish Finviz Entry Price : $4.35 Shares : 1000 TP (Take Profit) : $4.87 SL (Stop Loss) : $4.21 *Prices are in $USD Comments : - What's on your mind? (What do you think about what you are doing/did?) I wanted to do options, since it's so cheap, but there are no strategies...
NYSE:WTI This is a nice set-up I trade aggressively. The bigger picture is a wide base, Head & Shoulder bottom. First break of the neckline was a head fake, as usual, the consolidation following the fake out is a tight falling wedge. I buy an initial line here and load up aggressively on a 2nd break above the neckline. NYSE:WTI