Crude Oil ForecastHere is my view for Crude Oil on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF. Trade Safe!
Crudeoilbuy
CRUDE OIL - BUY strategyOil starts looking to bottom again. The $ 61 area looks good support, and stochastic is positive. the RSI is not very low, but considering fundamentals like Russia and Ukraine might become the catalyst to revisit $ 80 above once again.
Strategy BUY $ 63-65 for a move towards $ 85
Stop-loss below $ 58 to be on safe side.
CRUDE OIL, 4hr tf, buy above kumo cloudHello my friends,
This is going to be my first post about Crude Oil trade ideas.
I also trade Oil besides FX and metals as this is also a good trading instrument.
As you can see price above the kumo cloud on 4hr tf.
Kumo also green colored and parabolic SAR below the price indicating buy pressure.
Buy Crude Oil 39.75
Stop loss at 39.20
Take profit 1 @40.30
Take profit 2 @40.85
Take profit 3 @41.40
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I bought Crude Oil from 39.75 as per this writing
CRUDE OIL should move up! Hey tradomaniacs,
beside the lack of supply due to the storm in Golf of mexico it looks like we get a nice chance to buy gold in terms of technical analayis.
After a retest of the key-support-level followed by a retracement of the SPX500 we probably see a risk-on-sentiment in the market due to vaccine-hope and the fact that current price is very attractive to buy.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
CL, will it break the trading range down!!Hello traders,
What about Crude Oil Future!!
CL had taken an upward trend, after each level (A and B) CL consolidates it. Now it’s stable inside a trading range.
So we have the break down of the VWAP and support trend, If CL was capable to break the trading range down, we expect CL will decrease to rebound on level B.
Once it reaches level B we should wait weather it will break it up or down. To note that we insist on the need for a break of the trading range, if not we should wait new signals to know the new trend.
Thanks for reading this CL’s analysis.
I hope it helps you in your trades.
Oil prices have spiked more than 10%|Next rally can hit $75.24On 13 Sep 19, Market closed on $54.87 but Oil prices have spiked after a destructive attack on the Saudi Arabian oil production on weekend shocked markets and produced shortage in global supply of crude for some time.
Now we can see the price spiked more than 10% in a day after market opens and hits the 50SMA even the 100SMA on week chart.
At this point we also have the price resistance level and the pennant's resistance at $60.63 which is not broken since May 2019, if this resistance level would be broken then the price action will take no time to reach the 2nd resistance at $75.24 where we also have tail of the pennant and in case of breaking out $75.24 resistance level the price action can hit the strong resistance at $107.45.
If we see the technical indicators then can be clearly observed that the all of a sudden the chop zone is turned strong bullish and even MACD has given strong bullish signals including bull cross.
For me after breakout the 1st resistance and if all indicators would be remained bullish even after price correction would be ideal for buying.
Market fundamentals + technical analysis are very strong in favor of bullish move.
Next target should be : $75.24.
Regards,
Atif Akbar (moon333)
now i am buyer like banks now i get confirmation that crude oil gonna go higher
check out bank levels and join us
enjoy profit
Light Crude Oil #CL long term longs, weekly demand in controlLight Crude Oil #CL long term long bias, weekly demand level in control, similar scenario is also available on Brent. Weekly chart is uptrending, weekly demand imbalance at 64.94 is in control and printing higher lows. Daily demand at 65.82 in control attacking a used-up daily supply zone at 70.39, expecting daily supply level to be eliminated. If that happens a new daily demand imbalance will be created. Definitely long term long bias on Light Crude Oil
long term chart Hi, guys that is daily chart very good analysis for 2018-19 years , showing support and resistance , buy at support and sell at resistance
CrudeOil Bullish Structure ConfirmationHere we go again! Crude oil's super mega uptrend looks to continue! Last time we saw a trend like this was 2009, and it's a long time coming after the major declines in 2014.
Quick summary why I'm bullish in the next weeks:
1. Overall bullish trend
2. Consolidate and form a higher low
3. Failed breakout lower, breakout higher
My next target is 75.50, and if we really move then 80 and 90 are still possible. The announcement of OPEC's higher production limits this Friday potentially puts a limit on the overall trend. Higher production with relatively constant demand (I mean we didn't just start needing 600k/day barrels more oil overnight) should weaken price. Will need to see this in the charts before I give it much weight.
So what do you think? Am I crazy to be so bullish? We've already moved so far...will it keep going? Share with me your charts, ideas, and comments! Love to hear other traders opinions!
Peace, love, and sweet bamboo,
tbp
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
USOIL GET READY FOR A HUGE BULL MARKET!MARKET ANALYSIS: The pair is now trading near the resistance level. If the pair is able to break the 52$ level, we can expect a huge rally to the next possible supply zone near the 54.40. So lets wait and see what the market does in the coming days. Cheers!
WTI Crude Oil 4hr upper break outWTI Crude Oil shows a breakout of the upper range on the 4 hour time frame. This can lead to a wave towards 50.30 before retracing a bit back down again. A few days ago I also published an idea on WTI Crude Oil at the Daily time frame which shows 52.50 as longer term target. Short term the 4 hour time frame is now atleast supporting a break of 50 and I am not suprised if it will break already today.
Buy at current market price, take profit 50.20, Stop loss 48.80
CRUDE OIL, DAY CHART, LONG (4-DEC-2016)If the crude oil price continues with the trend, there is high chance that it will manage to break the resistance zone.
After breaking, wait for pull back and long.
It will be a 1:3 risk to reward trade.
Confluence buy area on crude. Long swing trade. Hello again friends!
Today we see that price crossing into a potential reversal area where we see many things have been lining up. First and foremost, notice this steady uptrend. Price has come down in the form of a complex pullback. A fibonacci inversion was taken from the center of this pullback and price has just hit the all-important 1.618 extension, given the context. In addition, a double bottom is starting to form in the same area as a bullish bat pattern completion.
Stops are taken 1 ATR from the swing low, which will equate to roughly 2 ATR from the minimum allowable entry candle area to unsure nothing less than a one to one risk to reward ratio on the first contract. The targets are based on a projection of .382 and .618 retracements based on our knowledge of stops and the absolute minimum area which we can become involved in. Should target one be attained, stops then roll to break even on the second half of the position.
Also noteworthy is the possible hidden divergence (note the blue lines) between price action and my oscillator. This is nice, as we use hidden divergence in connection with trend continuation, which is what we have here.
I do require an entry reason to execute orders. No limit orders here. I will require RSI to enter an oversold condition, and a bullish engulfing candle, or a higher high higher close candle. I will also start to peek around my lower trading time frame that my plan allows for down on the 15 minute to see if I can time my entry in a similar fashion. As of this writing, I'm showing a combined technical score on this bullish trade of 6.
Stay thirsty my friends,
Benny Manieri
USOIL 60 min LONGUSOIL there is a little bit power to goes up, (TP:46.04) after down, then up again, this is my opinion!
Crude Oil High Significance Elliott Wave Analysis
hi Readers,
The Chart deals with weekly time Frame
As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z within which waves W,X & Y are completed. so , after an intermediate downtrend for completing the X wave, the market resumes its upper trend to the areas of 55.12 $
For analysis below this degree, that is on daily time frame click here ,
Thanks for reading
Feel free to contact us in need of any assistance
Happy Trading
Dinesh -senior Technical analyst
LeadBrains FSL - www.mytradingcourses.com Trading education & training firm
CRUDE LONGThe reason why we feel CRUDE may Rise.
* On weekly basis it has just started moving up
* To Rise and come near 39.57 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Sinking..
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :38.48 ,SL:38.20, Tgt 01: 39.25, Tgt 02: 39.57, Tgt 03: 40.54
The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
CRUDE LONGCRUDE is expected to rise now.
There are many reason why we feel it may rise.
01. It has bounced back from quarterly sell target 02 level.
02. Bullish Engulfing pattern in daily Chart.
03. To rise and clear quarterly targets it had to come down to gain momentum for up move.
04. Stoch RSI (3,3,14,Close) states it may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the above indicators in view along with the chart pattern we expect it to rise. Our buy call shall be from BUY above :29.60 with a SL @: 30.39 Tgt 01: 29.8 Tgt 02: 32.19 Tgt 03: 32.80. Chances are that it may even touch 40. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
