Oil 🛢 I prefer to sell only
You can buy if you like , but i am a seller
Sell with us oil 😁
Activate your sell limits and get double sell too if you love oil 🛢 😉
Good luck
I dont explain much , but i expect much 😊
Good luck
Xtiusd
usdwti short its making a flag pattern
but its near to the resistance expecting it to fall below
the bull power is weakening so far
USDWTI H4 - Short SetupUSDWTI H4
Still in that lower low lower high sequence as highlighted in the above rundown.
The first trading zone offered just 1R, enough to bullet-proof and eliminate risk. Price pushed beyond resistance and we are now back on that 71.50/b.
If we see rejections from here, we could trade back down towards sub 70/b and respectively 65.
USDWTI H4 - Short SetupUSDWTI H4
This setup is still valid, we are still within that latest lower low and lower high sequence, we just popped higher above our H4 trading zone.
Looking for a break of 71.00 and subsequent retest of 71.50 on the hourly to allow for the break and retest play on the hourly timeframe.
Update from oils chart last week From marking out key zones it’s been a profitable week trading oil, this week I will be hoping for a break either uptrend or down but most importantly just following the market and the money waiting for confirmations and continuous patterns and structures.
XTIUSD trade is going to big recession zoneXTIUSD, Crude oil trade can go for big recession in upcoming days. You can keep two entry and target points as shown in the chart. Trade will be invalid if oil crosses $95.
Dear traders, here I published my technically analysis. I will enter in the trade when I will observe sell candle. Before you enter make sure trade should show bull exhaustion. If you like my idea then support me with your comments and like button. If you want to know more about instrumental analysis of other Coins then just ping me.
$USOIL $XTIUSD Is heading south today!TVC:USOIL Has now tested a massive broken channel and heading south. Odds are high to close in red troday.
Follow for more updates..
#AHMEDMESBAH
OIL Bull (will make a lower high)today OIL dropped to 62 .70 a support Daily zone, and rebound there on divergence.
I think OIL will go to make a lower high, because weekly chart i think is already bearish.
See price action, before go long (zone to buy on chart)
Targets on chart.
Be carefull, patient and discipline.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Good trades to All.
USOIL Bearish retracement on the daily time frameUSOIL is ultimately bullish however, I believe that we will see a retracement to $72.61 a barrel due to it's previous pullbacks to the bullish trendline as we have experienced in the past few months
Please catch the live analysis here.
☑️Brent: still downtrend correction➡️ For oil, further downward movement is expected as part of the correction, for now. Meanwhile, OPEC lowered its forecast for global oil demand in 2021 to 5.65 million barrels per day. She named the slowdown in demand growth in China and India as the reasons. Although it should be noted that oil did not react much at the time of these events.
Technically, the price continues to decline within the downtrend channel. At the moment, the resistance level of 83.10$ has a SELL-potential, with the potential to fall just below 80$ (Target № 2 on the chart). Trade parameters are presented below.
🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 83.04
⛔️Stop Loss - 84.87
✅Take Profit - 80.53
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Brent: same directionAnd so, the forecast for oil remains the same. It is expected that during today, the instrument would return to the downtrend channel and from there would go to the levels of 81.70 and 80.45. If the price consolidates further above 83.40, the SELL-scenario is canceled.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Brent: shorts activated And so, the short-term SELL confirms for oil. The price area 81.70 - 83.40 serves as a resistance for further growth. Now the instrument is at the resistance line of the descending channel, which at the beginning of the next week may lead to active sales.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Brent: correction is visibleAnd so, although oil is on the rise, however, weakening of buyers are visible. We are not talking about a trend change, but a correction is very likely to happen. The target of such a correction could be 83.40 and even 81.70. This price area would support the instrument.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Oil short readyHi there,
Oil preparing a big move to the downside, since March 2020 lows we are on a new trend, completing the 3 wave we go for the big correction to the downside, Long term, Oil still a buy, but for now look for shorts only.
Watch price action in lower timeframes to go short,
Good luck
WTI: high prices would remainOn Tuesday, prices for WTI crude oil showed indecision. These dynamics indicate consolidation in the short term. However, a corrective decline should not be ruled out, as the asset is close to overbought levels. However, buyers' immediate target is the $ 82.00 mark.
On Monday, JP Morgan analysts said that the average price of Brent crude will be $ 70- $ 80 in the 4th quarter of 2021 amid the ongoing recovery in global consumption. Continued supply chain disruptions represent an upward risk factor for this projection. Nevertheless, the OPEC + alliance has sufficient capacity to increase production, and it can do so if prices continue to rise.
Oil prices are likely to remain high in the medium term.
Proposed deal for this tool:
Entry Point - 80.69
Stop Loss - 79.24
Take Profit - 82.14
Thanks for your comments and likes 👍
Brent: forecast for Oct 11 - Oct 15Prospects for oil prices, to a greater extent, would add up to their growth or at least consolidation in the range of ~ $ 78–82. Deficit reduction is progressing more slowly than planned. The oil market is still in deficit, but not as before in view of the beginning of a small, but still consistent, softening of quotas by OPEC +. The decision by OPEC and its allies (OPEC +) on Monday to maintain the planned increase in oil production was prompted by fears that demand and prices could weaken.
Their fears are not without reason. The current oil and gas trend indicates a likely decline in the near term. The almost vertical takeoff of gas and coal quotations, and more recently oil prices, can hardly be considered sustainable. Such market movements are more likely to end in decline than in further growth.
With such sharp price surges as now, investors and traders should be prepared for verbal interventions by the buying and exporting countries. One of these statements was made by Iraqi oil minister (about a fair price for oil in the range of $ 75-80). In addition, it is very likely that the United States, China and India will try to stabilize the situation in their markets.
Also, we must not forget about the daily pressure on oil from alternative energy. On the long-term horizon, the fall in demand looms more and more due to the energy transition. This is a strong incentive to ramp up oil and gas production now in order to invest revenues in the future.
In general, prices are expected to roll back to the level of ~ $ 78.90 for the coming week.
xtz usd 30 min scae it can break it and after the price will be stable bellow the dynamic trend line it should crack dawn very sharply
Brent: countertrend dealThe decision by OPEC and OPEC + on Monday to keep the plan for a gradual increase in oil production was prompted by fears that demand and prices could weaken.
The group also considered the possibility of increasing production by 800,000 barrels per day, which is almost 1% of global production, ahead of Monday's meeting.
Now the OPEC countries are more cautious, because any hasty decision could lead to a sharp drop in oil prices.
In the medium term, the instrument will be on the rise.
Today is rich in news. Taking into account this fact, as well as the strong upward movement in oil, no one canceled short-term sales for the instrument.
Proposed deal for this tool:
Entry Point - 82.85
Stop Loss - 83.80
Take Profit - 82.08
USDCAD: in the trade balanceAnd so, the Canadian is also in anticipation of today's events during the American session. It is expected that the pair may sink at the moment, but it is unlikely to fall below 1.24911 (even more likely it would not reach and go up). The combination of technical and fundamental facts suggests that the instrument would move up in the medium term within the trade balance 1.24911 - 1.28962.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Oil Missing leg will take Oil to new highs before a correction on a bigger scale will occur,
im looking to short the Oil when it hits new highs with tight stop losses and a previous wave 4 target.
Brent: dollar would force correctionThe oil is supported by reports that Saudi Arabia lowered its November export oil prices for Asia, the Mediterranean countries, Europe and the United States.
Also, a positive factor for the oil market in recent days was the decision of the OPEC + states to maintain the previously adopted plan to increase oil production, despite the growth in demand amid a sharp rise in the cost of natural gas.
In accordance with this plan, OPEC + countries will increase oil production in November by 400 thousand barrels per day.
Meanwhile, data from the American Petroleum Institute (API) indicated an increase in US oil inventories by 951 thousand barrels for the week ended October 1, while analysts predicted an average rise of 4.127 million barrels.
Further oil situation will directly depend on the dynamics of the US dollar. The oil itself, most likely, needs a correction, and if the dollar is not weak, this is possible.
Proposed deal for this tool:
Entry Point - 82.59 (SELL-Limit)
Stop Loss - 83.45
Take Profit - 81.73
Usoil short trade idea It's looking for good short trade. Price near at strong resistance $76.XX. Goodluck
USDWTI H4 - Long SetupUSDWTI H4
More major corrections are being seen now, as we pinned into that yearly high price of 76.60/barrel. Minor break and retest play was being seen as we trading amongst our interim zones.
However, a healthy correction to see us pullback between our 50/618 fib support would tie in nicely with previous S/R and could set us up nicely for a long position with the potential to break resistance and eventually set these new highs.
