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Oil(wti)

We could see a HUGE move on Oil in a longterm. DON'T MISS IT. As you can see Oil slowly returns to a huge Ascending Channel which has started in 1999. As long as Oil is inside of the Channel (or close to it) I am great believer of Oil rise. Due to a symmetry I suppose that we could see a huge move till the top of the channel with possible break (or not?) at a middle of a channel. If this setup comes true you were bought at the bottom of the channel and could sell at the top of the channel - that's what every trader dreams about. However, if Oil leaves a channel we could see rush FALL till 20+ area or lower which could mean that all who has leveraged could loose a capital. So, RR is about 1:2. Trade looks to be really danger, so Risk Management is a mandatory (if you just press BUY button with no thinking about risk management of a trade, you probably loose a lot (or everything)). If you have no skills or experience to manage risks, better stay away from Oil now.
TVC:USOILLong
by UnknownUnicorn163516
1
CRUDE OIL (WTI) Key Levels to Watch 🛢 For the last three weeks, WTI Crude Oil is very bearish. Recently the price broke and closed below a strong rising trend line and now is approaching strong horizontal support. Here are key levels for you to watch for oil trading: Support 1: 93.2 - 95.0 area. Support 2: 86.6 - 89.7 area. Support 3: 72.5 - 75.3 area. Resistance: vertical trend line. Resistance 1: 106.9 - 109.0. Resistance 2: 114.3 - 116.7. Breakout of one of those will trigger a bullish/bearish continuation to the next structure. While a test and confirmation may give you a counter-trend/trend-following trade. ❤️Please, support this idea with like and comment!❤️
TVC:USOILShort
by VasilyTrader
32
USOIL. P-Modeling PT V3. Inverted Springs of CajunWelcome Hyperspace Travelers, This is a Time_Series Analysis on the 1-day timeframe. I might wrong, but looking at data stemming from 2011. We absolutely are repeating a W formation in my eyes. I am looking for some major relief of oil and gas prices. Coming very soon.. See previous Ideas. This was V2. V1 was done last year during the drop to 0.00 (can be found below). Snapshots provided. Thanks for Pondering the Unknown with Me, Glitch420
TVC:USOILShort
by Glitch420
8
🛢️ CRUDE OIL - 17% Higher Since our PERFECT Post 🦉💙 Our previous Oil post was perfectly on support. It is now over 17% higher since our entry. Even more impressively, you may go back to our post on March 3rd: also here: and here: Pure perfection..FXPROFESSOR style OIL PRICES: War in Ukraine is the biggest issue here. Inflation equally the other big issue. Then again you know a lot about these 2 factors but there is a third one: Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales Talks between Riyadh and Beijing have accelerated as the Saudi unhappiness grows with Washington. Unfortunately we must keep our eyes open on all these and pray for the best. Situation is not a good one. Keep safe people. One Love, the FXPROFESSOR
TVC:USOILLong
by FX_Professor
A potential BEARISH pattern developing for OILWhat if today's rally in crude and brent oil prices was nothing more than an oversold bounce after the hideous more than 30% decline from the prior few trading sessions? We have identified a potential Head and Shoulders reversal pattern forming on the H4 chart, which might be an indication of what is to come, but before that let's look at what did the chart tell us shortly before the sharp selloff from the $125 highs began. As you can see on the chart, there was already a smaller Head and Shoulders pattern that formed in the $107 and $127 range, with the two shoulders of the figure lining up almost perfectly at $114 per barrel and the massive head topping around the $125 highs. On March 10th we saw the initial break of the neckline of the bearish reversal formation with the subsequent retest of the neckline from below respecting it as a new resistance. Every Head and Shoulders pattern projects a potential reversal move roughly equal to the size of the Head of the formation. In this case, the Head was equal to $125 (Highest point) - $108 (Neckline) = $17. Guess what.. after breaking the neckline of the above-described figure the Oil price fell from $109 per barrel to $93 per barrel, which was precisely $16 before staging today's sharp intra-day rally. What caught our attention is that today's massive rally could be actually forming the right shoulder of a much more massive Head and Shoulders pattern, with the following parameters: Shoulders within the $100-103 range, a Head of $31 dollars and a neckline around $94. To put it simply, if the price reverses course from current levels and ends up breaking below the $94 neckline support, we might be in for a vicious sell-off that could end up taking the price below the $70 mark. Now, please keep in mind that this is a hypothetical scenario and that the figure has not yet formed. A typical entry point for a Head and Shoulders pattern is considered to be the breaking of the figure's neckline, which in this case would occur if the price drops below the $94 per barrel level on a closing basis. However, considering the effectiveness of the prior Head and Shoulders signal that we got, we wanted to share it with you.
TVC:USOILShort
by DowExperts
🛢️ CRUDE OIL - Time for a New Rally 💀War is on and the Oil correction could be over right now. Price dropped below 100$ (we were quiet surprised to be honest) and perhaps it's time to load ong positions on, again. There are 2 fundamental factors for this correction: 1. Russia indicated it is in favor of the Iran nuclear deal resuming as soon as possible. Ceasefire talks between Russia and Ukraine further eased fears of supply disruptions and surging COVID-19 cases in China fueled concerns about slower demand. 2. Ukraine hopes, China lockdowns : Hopes for a diplomatic solution in Ukraine continued to weigh on oil prices Tuesday, along with COVID-19 lockdowns in China, pushing prices of both Brent and U.S. crude down to levels not seen in two weeks There are bigger reasons why the price could bounce back up next: War in Ukraine and Inflation. We are going LONG here. Do your own research and ride the Bull (or the Bear). Good luck to all. One Love, the FXPROFESSOR
TVC:USOILLong
by FX_Professor
3
short-term pullback in Oil expected. $OIH $WTI This thing has gotten way overcooked and gone parabolic. If it continues to go parabolic, it will destroy the consumer. Which is 70% of what drives the US economy. So I doubt that will be allowed to happen by the market gods lol. I expected TVC:USOIL to return to its well-defined travel that it bonered out of like a rocket. Unless we see 3 consecutive closes above $115 a barrel for WTI crude, then I expect a return to earth (the channel) and then continuing its slug upwards until renewables and EV's have completely replaced fossil fuels and ICE's. Please see the tagged post for more info. And to understand this is not my first time doing due diligence on the subject. And not to say I told you so, but I told you so, I was spot on with oil last time. I gotta take my W's. The easy way to potentially play this while limiting risk exposure is puts on $USO, and use any profits to add to $OIH. #TRUSTinTheTiger
TVC:USOILShort
by EBITDAtiger