CFDs on Crude Oil (WTI) USOIL

- The price is uptrend. - Pullback test support. --> Buy

Possible rising wedge in wave 5 position in Crude Oil. Return to origin of wedge/wave 4 in low 60's possible now.

Waiting for a pull back to get long....

Crude (WTI) (CL_F) has shown a very ominous sell signal via the DeMark 9 setup and DeMark 13 countdown. The pattern now has 13-15 bars to develop the sell conditions otherwise the setup is negated. Look for bearish price action or sell the close below the 13 bar low (c.$62.00) to target c.$47.00 which is the TD setup low of the no1 bar of the setup 9 count. ...

I have been chasing a down movement, most of my charts on WTI are bearish although I put a good LONG some weeks ago. (See my twitter feed taking about a triple divergence) Next week I am seeing a high chance of WTI going down hard, next jump may reach 80's but it has to go down and get some impulse before we get there. The question is how far will it go? I am ...

Very clear (and strong) bearish rising wedge pattern, and a bearish RSI break under trend plus recent (last <3 days) price action suggest a pullback is almost upon us. There is a small chance that more of the wedge will be used up first, but I wouldn't count on it. Either way I'd look to this returning back to track the larger (but less steep) rising channel.

I think the euphoria around Iran and supply cuts has been temporarily overbought. I could see oil dropping back to the 50MA and possibly the bottom of the channel, before continuing upward for the rest of the year. I don't think it will go near the 200MA.

Crude oil is trading just above a significant resistance level - there has been a few closes above and given the recent momentum we can expect the upward trend to continue. The risk/reward ratio looks favourable. Order put in for 71.40 with a stop loss at 70.90 and a take profit at 75.70 which is just below the second horizontal resistance line.

The market continues to consolidate the key breakout above 69.55 whilst the psychological 70 adds to the continued positive outlook. The support of a five week uptrend now comes in today at 69.50 to bolster this breakout support, whilst the rising 21 day moving average is also has supported recent corrections and comes in today around 69.40. Recent neutral daily ...

3rd bound of the resistance .... let s see how this plays out

This is some technical analysis i have been doing where i have figured a gradual uptrend, where the market shows great volatility bouncing up and down. This is possibly for a long term trade, where the market could fall to the point shown. I hope this helps even by the slightest

Lots of shorts at this level but upward strength is clear on the weekly.

Current trend Prices for WTI crude oil show steady growth, updating record highs. The main driver of the instrument growth is geopolitical tension in the Middle East. In particular, the markets reacted sharply to reports of interception by Saudi Arabia of missiles over Riyadh. Also, investors closely follow the actions of Donald Trump, who threatened a new ...

Crude Oil - H4 - I see price at a strong supply zone and expecting a sharp drop from cmp 65.10 targets 60 and 56

Lower lows and lower highs. fib levels on point Bearish weekly close lets go!

Oil - H1 chart - I see a good sell setup on crude oil with a decent risk to reward. Pending sell limit order at 65.30 with stops above 66.50 (120 pips) and take profit at 60 (530 pips)

We just saw a double top pattern in WTI which is signaling a downtrend in Crude Oil. We are shorting it now looking for a 64 as first stop our final target is around 55. Keep in mind that a break on 66 or 64 may be the start of a large move. Good look

USOIL - 1D, Bearish Harmonic Pattern