OIL speculative A-B-C short setup- if you follow this setup, do not overleverage
- do not use more than 1% of your balance
simple and effective:
-speculative setup
-short at point B between R1-M Pivot and 88.2 fibonacci
-target between S2-M Pivot, 1.809 and 2 trend based fib
-TP +15% gains
-RR 8.58
-updates will follow
-like so you don't miss anything
-follow me for more
good luck
not a trading recommendation or a investment advice
just my own opinion
Oilsignals
long oil 1WAfter the pullback to the broken resistance ready to climb for the specified goals
(Medium term deal)
WTI OIL Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price (a) reached the Higher Lows trend-line of the Channel Up, (b) entered the Ichimoku Cloud and (c) the RSI hit its 1 year Support line.
Target: 77.80 (the previous Higher High).
Previous WTI OIL signal:
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WTI OIL Getting closer to a buyPattern: Channel Up on 1D.
Signal: Buy when contact is made with the 1D MA50 (blue trend-line) or the RSI enters the long-term buy zone.
Target: 79.50 (top of the Channel).
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sell of in oil today, exhaustion to higher timeframe uptrend?The past two days we have seen a sell off in oil and exhaustion to major levels, we know that crude oil will also affect the price of the CAD so we have also seen weakness in that currency also. on the higher timeframe you can see that we have a weekly uptrend and i have highlighted what happened last time price reached this level. what we are going to wait for is a full and complete exhaustion and price action and entry confirmation that buyers are coming back in with a bullish candle on the daily timeframe. this will take some patience but being a trader most of the time is being able to sit on your hands.
WTI OIL Channel Up rejection shows strong pull-back nextPattern: Channel Up on 1D.
Signal: Sell as the price got rejected on the Higher Highs trend-line of the Channel Up. This will be confirmed once the 1D MACD makes a Bearish Cross.
Target: The 4H MA200 initially (red trend-line) and the 1D MA50 (blue trend-line) in extension where yuo can shift to a buy.
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USOIL TRIPLE THREAT SETUP...3 TRADES HELLO TRADERS,
THANK YOU FOR FOLLOWING US.
WITH USOIL AT 2018 MONTHLY HIGHS
POTENTIAL FOR SOME DOWNSIDE CORRECTION
POSSIBLY INTO JULY
AS ALWAYS, ONLY RISK WHAT YOU'RE WILLING TO LOSE.
THE TRADING REGIME
FX:USOILSPOT
WTI OIL overbought stillPattern: Channel Up on 1D.
Signal: Buy once the price breaks below the 1D MA50 again (blue trend-line).
Target: 76.00 (closer to the top of the inner Channel).
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Global view Crude Oil. Hello trenders,
I am not really into futures but I like to see the future :)
What I just saw is not pleasent, we are into a bearish channel and on top of it.
So down we go with a long bearish trend.
Retest failed, all indicators in a bubble ready to explode.
Dollar loosing its power is another factor that confirms the idea.
Check the larger view under.
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.
WTI Oil An interesting fractalWhat do you think of this fractal on the 1W time-frame? The price action since mid 2020 resembles that from early 2017 to mid-late 2018. During that time, WTI started off a Channel Down (blue), then as it broke above the 1W MA50 (blue trend-line) it rose aggressive and after it broke above the 1W MA200 (orange trend-line) as well, it entered a a 9 month Channel Up (green) that eventually led to the October - December 2018 collapse. During that Channel Up, a 1W Golden Cross got formed.
Since mid 2020, the price seems to be following the 2017/2018 sequence. We are currently inside the (green) Channel Up. Even the RSI and MACD are printing similar sequences. Will another 1W Golden Cross emerge that will lead the Channel Up to a blow-off top? What do you think?
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Crude possible trade we are seeing a lot of buy pressure coming into crude today, we had minor contact of our monthly zone and that was enough to send price shooting to the upside. but here at Gentleman Markets we understand that after a push there has to be an exhaustion, so we are going to wait for price to come back to an 1h hour of sensitivity then price action and entry confirmation for a trade to the upside
CLM2022: A 1-year Forecast Further to the earlier idea, we are now seemingly approaching the final extension zone, and with another 15% increase, the odds for mean reversion become much better. The market seems to be in an exciting area and is definitely worth our attention.
Staying tuned for further developments on this one.
WTI OIL Buy the 1D MA50 pull-backPattern: Channel Up on 1D.
Signal: Buy once contact is made again with the 1D MA50 or the RSI enters its Buy Zone. The entries have been consistent since March 23.
Target: 72.00 (around the 1.5 Fibonacci extension).
Previous WTI plan:
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Bullish Megaphone structure-will it reach 60% of pivot lineThe price of the oil got rejected 3 times and in 4th time got some consolidation and broke the upper side resistance around 66.00. We can see a megaphone structure (Bullish megaphone structure).The retest of the upper side trend line will be a good entry point. Expected target would be 70.00stope lose can be placed below 65.00 level
WTI OIL Resistance Zone being tested. Action plan.Pattern: Descending Triangle on 4H.
Signal: As long as the Resistance Zone stays intact, sell (A). If broken buy (B).
Target: (A) 62.50 (the 0.382 Fibonacci retracement level), (B) 68.30 (the 1.618 Fibonacci extension level).
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BP SET TO ROCKET RESISTANCE @$27 IS BROKENBP - Current Price $26.69 Price Target $32
I love oil going into the summer RDS.A KMI are both great plays but I love BP this week as BP is approaching a crucial resistance level around $27. They beat earnings last quarter like almost all oil and gas companies did, their dividend of almost 6% is very attractive as well.
WTI OIL Buy SignalPattern: Channel Up on 4H.
Signal: Buy as the price entered the 4H MA50 (blue) - 4H MA100 (green) range, which has been a Buy Zone before.
Target: 67.50 (just below the 2 month Resistance). With a little more risk you may pursue the 1.618 Fibonacci extension, depending on where the price bottoms now.
Most recent WTI signals:
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USOIL at MULTIYEAR S/R zone!Oil is currently in a base consolidation at a multi-year support & resistance zone. There’s some RSI divergence in this choppiness. Not interested until price action has built support over level 70 for a long or a defined resistance below level 60 for a short. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or disagree, I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! Keep it simple 😉
WTI OIL Buy SignalPattern: Channel Up on 4H.
Signal: Buy as the price rebounded on the Higher Lows trend-line of the Channel and is supported by the 4H MA100 (green trend-line), which has been the Support on the November 2020 - February 2021 uptrend.
Target: 66.00 (just below the 66.40 Resistance).
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WTI OIL First 4H Golden Cross since November!WTI Crude Oil has just formed a Golden Cross on the 4H chart (MA50 (blue trend-line) crossing above the MA200 (orange trend-line)), the first since November 12, 2020. The price action since March 12 is quite similar to late October - early November. After the Death Cross on October 27, 2020, a bottom was formed a few days later. Once the Golden Cross was formed on November 12, 2020, the very aggressive rally of December - March was initiated. We are on a similar situation right now. The March 26 Death Cross may have priced the Bottom and if so, then today's Golden Cross may kick-start a new rally. I expect a value above $70.00 before June.
Most recent WTI signal:
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$USOIL - Bearish setupI'd suggest a bearish view, the price is currently trading at dynamic resistance level, we still have a demand zone that price hasn't visited yet. Technical indicators are bearish on weekly, so going short could offer a good reward at low risk.
Ifter that will aim for longer term target at $73
