★★★★★USOIL should keep shortAt the chart of h4, Usoil price have continued fall down. The downtrend line resist price.We should short it when touch the resistance 107.00, sl at110.00, tp at 100~96
Oilshort!
OIL SELLOFF TO $100Oil rejected the 105.5 weekly level with wicks on the 4h and now is heading to the liquidity zone around $100 price point.
WTICOUSD (RESISTANCE ZONE)Hey guys!
How are you guys doing! O hope from the previous analysis, the daily fake out from DAILY timeframe got you guys a confirmation and brought toward more downside.
What I'm seeing now is that it shall go back and test 110.70 zone and probably bring more downside to 105, 103 and possibly to 95 range.
However, shall it
break the resistance zone with a strong candle, it will be bring us to a greater height.
As oil is a very volatile commodity and can easily go up/down a few dollars so do trade with minimal risk and not overtrade!
let me know how you guys think!
WTI Crude Oil Short Setup.We need to break below 101 to confirm the short signal I posted on my WTI Crude Oil (see the related link).
Caps on russian oil is likely to come Insider: G-7 talks with India and China on oil price brake positive
G-7 talks with India and China on a plan to cap the price of Russian oil have been positive, according to an insider. The two buyer nations have incentives to comply, a person familiar with the discussions says. A cap on the price has not yet been set, he said. However, it would have to be high enough for Russia to continue producing anyway. Currently, Russian oil sells at discounts of between $30 and $40 per barrel (159 liters) compared to market prices of up to $120 per barrel. Source: Welt Zeitung
What impact would the price cap have on prices in Germany and the other G7 countries?
In the ideal case, oil prices would fall; in the less good case, at least they would not rise any further. However, precise forecasts are difficult to make. The petroleum industry association Fuels und Energie already explained in the discussion about the EU oil embargo that market and price developments depend on many factors, including the dollar exchange rate and decisions by the major producing countries. Source: n-tv
Opinion: I see the price cooling down slowly rather than continuing to climb, probably going towards 70$ in the next 6-10 months. To force russia to sell all its oil below market price, will make most countries of the world (which are not part of G7) to buy it off for a small price, leading to an overall relaxation of the oil market price. Also OPEC is ramping up efforts to increase output for the next months! This is not an investment advise! Do your own research! This is NOT a recommendation to buy or sell oil shares and this is NOT a recommendation to short or to long oil!
WTICOUSD (RESISTANCE ZONE)Hello guys! it's been a while since I've posted to refocus my entry methods.
Currently we are looking at a resistance zone. Personal view is that Volume is low and there's a good possibility of going back down to support zone.
could see 113.20 has been rejected twice, so am taking a short position with 1:3 RR and shall see how it play out!
XTI/USD shortLovely structure on this pair. Failed to break the previous high. We impulsively sold off. After forming a tight bear flag I see this pair falling another $10 at least, as around $95-97 is the lower support level.
Let’s seeee
OIL SHORT :(As I mentioned 10 months ago about the worst World Crisis of 2023. I wanted to share this analysis on the price of OIL and its derivatives, as well as gasoline, it will be affected and is being affected along with oil.
There are many indicators that indicate the coming crisis of 2022-2023... This crisis, the worst of all, "The crisis of everything" creates a gigantic DOMINO effect.
MASSIVE MONEY PRINTING, Inflation, Oil inflation, transport price rise, food price rise, real estate inflation and exorbitant prices, etc....
It's very simple: when the first "domino" falls and begins to push the rest (the bubble bursts), and I reach the "domino" of oil, there will be a SUPPLY SHOCK in Oil and its derivatives, obviously. People will not be able to afford the exorbitant and INFLATIONARY prices of Oil and derivatives.
There will be no time nor will it be possible to reduce the SUPPLY in advance, because by reducing the SUPPLY at this moment, as there is a high level of demand right now. The price of oil and gasoline will rise shamelessly... It would be UNSUSTAINABLE and would produce new bubbles ("refilled with oil") distributed by all the oil companies, gas stations, and in turn throughout the world. Where they are, they WILL BURST IMMEDIATELY "when exposed to transportation traffic."
I also wanted to talk to you about the Gas Stations and their arrangements with the Bank...
Banks hold Oil as well as Gold and other financial assets. Imagine that a bank has a paper that says that it has $1B dollars in oil, and this oil was provided by a gas station and/or its relations and suppliers of this gasoline / oil.
When the gas station goes BANKRUPT, the paper that the bank owned will become "Wet Paper"... Please think about it...
The number of gas stations that can go bankrupt and the number of producers of oil and its derivatives that can be greatly affected.
As you can see in the graph this is my analysis and I think that Oil will not be saved from this crisis...
I AM NOT RESPONSIBLE OR A FINANCIAL ADVISOR, PLEASE DO YOUR OWN INVESTIGATION IF YOU WISH TO INVEST.
Thank you very much for reading and a like will be appreciated ;)
Oil Short via Direxion's Inverse $DRIPI have entered a leveraged (2X) short in #oil, via Direxion's Inverse $DRIP ETF.
NOTE: This post shows "LONG" because I have BOUGHT $DRIP; #Oil, as the asset class - I am viewing as a SHORT.
Not much else to say, other than the #oil #selloff is underway after forming what I see as a double top (see WTICOUSD) and a good risk/reward entry to short.
I will continue to provide updates on this one, and as usual, the chart will dictate how to manage the trade.
You may recall, I bought oil, via Direxion's $GUSH ETF back in September 2021 (returning over 50%); I officially closed the oil-long ($GUSH) position in April 2022.
Let’s see if the oil selloff translates at the gas pump.
God Bless!
OIL 4h SellOil on a 4h time frame is a sell according to the Stochastic RSI strategy to sell
crossing below 80% or buying crossing above 20%. The daily (top down analysis)
supports a move to the down side. The general markets in turn look oversold and
are trying to blow off this oversold condition. Therefore it looks good enough to
take a trade. The stop should be at above recent higher highs.
TVC WTI CRUDE OIL - ON 2022 JUNECAN OIL GONNA HIT 115$ LEVEL PRICE?
Maybe time will tell, because i don't hahaha lol
crude OIL Ventas en esos niveles , entrada perfecta rompimientos posible corrección , los precios del petróleo bajarán veamos que sucede
Storm coming on Oil?A repeating pattern and strong economic events for the next week shows that oil may sink in the upcoming week
or will oil prices continue to rise because of the war in Ukraine?
CFDs for WTI Crude Oil - SHORT D-RANGEThis graph is a representation of my point of you of the futures market (USD).
CFDs for WTI Crude Oil - GOOD TIME TO SELL - SHORTThis graph is a representation of my point of you of the futures market (USD).
WTICOUSDHey guys,
Oil looks like going down once again. it looks like going to test 109.91 once again before heading down.
personally I have set an alert at 108.2 to monitor the price action before going to short it.
what do you think? good luck!
OIL BRENT Local Short!!OIL_BRENT is trading in a narrwing wedge
And will soon retest a horizontal resistance at 112.45
A bearish move down will follow
However, IF the resistance is broken to the upside
The setup is invalid
Oil Short From 108$ Oil has been propped up in recent days on the back of EU embargo on Russian oil rumours. It seems as if there might be a consensus among the member states but most are requesting exemptions for at least a matter of years before they are forced to get off it. China are also struggling with COVID-19 implications, lockdowns and seems as though the supply chain link to the U.S. is also becoming strained once again. On the back of that demand decline in China, potential slowdown in the U.S. as a result of that and combination of higher rates.
OIL bullishI have a bullish outlook for oil in the coming days and expect $ 111 to be $ 118 and then $ 127 to be the next oil targets.
★★★★★ USOIL wll test the downward trend lineAt the chart of h4, WTI keeps triangle convergence pattern, th high point of price had resisted downward trend line, maybe wo could short above 104.20, sl:107,tp:96
MEDIUM TERM WTI CRUDE OIL ANALYSISHEY ZEYAN HERE
Hello, zeyan. I was previously fairly bullish on oil, but as I can see now, oil prices will be settling back to below 100, with 82.50 being the next best probable position.
this is an idea a plan in a uncertain chaotic environment out of multiple plans to be certain
IF anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational biase on top of your own analysis.
like for support!!!!
