Huge opportunity for a short position !!Price is testing a significant level of resistance.
I expect a strong bearish movement to the downside to create AB=CD Pattern.
We wait for a confirmation on lower time-frames before taking a short position.
Oilwti
CRUDE OIL - SELLPrice is consolidating in the channel.
Once it hit this level before it dropped significantly so i expect once support is broken OIL will fall to the green highlighted area.
CLQO: Up by 100%! What's next?Further to the earlier idea related to CLQ2020 contract in which there was a 100% up projection within certain time, it is now established that this contract traded the 100% up area from its YTD low, and that it is currently working the offers at this key zone. The sudden downside for long exposure that we saw earlier on today is most likely an effect of traders squaring off long exposure via profit booking. If aggressive bears are unable to gain momentum in this key area, the buy stops will surely increase the counter momentum. Staying tuned in for more.
USOIL Long (Idea)Usoil Make Wolfe Wave and its Going to Wave 5
you Can See AB=CD
you See Bullish Chanel
the prive it will Visit 40.20
BUY OPPORTUNITY ON OIL BY ADHIPALGUNAENTRY BUY ONLY IF THE CANDLE BREAK MINOR TRENDLINE (BLUE) ON H1 TIMEFRAME
BREAK MEANS CONFIRMATION
ENJOY :)
Peaks on OilPrevious resistance points can be observed at $31, $33, and $35 from mid-April.
We could see this rise in Oil price reach one of these peaks, before heading back down as Oil storage reaches a maximum and a second wave of Coronavirus cases occur.
This drop is likely to happen over the coming week, so a good opportunity for a Short on Oil, potentially reaching $20 or even $10.
We may have already hit a peak on Oil for the timebeing, on the other hand, we may hit a peak at one of the mentioned resistance heights in the near future.
Displayed are potential pathways for Oil to head.
Possible peak on OilWe may be currently experiencing a peak before a plunge in Oil.
As world Oil storage reaches near-maximum capacity and a threat of a second wave of Coronavirus cases due to the early easing of lockdowns, the price of Oil may fall drastically to ease these factors.
The price of Oil may fall to lows of $20, or even $10, which are previous Support points.
If the drop occurs, good gains can be made by shorting soon.
ITS OFFICIAL - CRISIS STARTED! OIL ATLHello guys,
As we can see we had a really big drop at 2008 when the crisis hit us, now this time is even harder as we touch the LOWER levels of oil price from the history.
Be careful with your purchases now, market downtrend will start soon and markets will hit bigger lowers again.
Thanks.
Regards,
OIL our next move is...Hello everyone, first of all we see that we are in bearish with high resistance with the green EMA so we will wait until the market open, wait for a pull back and see if the the price break below our support + a confirmation form volume indicator (high red pattern), that will be our entry point with 1:2 risk reward , and if the price break above the green EMA it will be a consolidation area with high probability in bullish pattern.
Analyse on Crude oilThe oil still very bearish! For those who look for buy the oil, I recommend being very cautious and waiting for breakouts of the important levels!!
Daily Chart on Crude Oil / Bearish perspective by ThinkingAntsOkUse this as a guide to develop your view of the chart:
Main items we can see on the Daily chart:
a)The price is on a support zone, making a corrective structure
b)We can see on the past a previous scenario (check the circles) where the price made a Corrective structure, and after that, a bearish movement started.
c)Currently, we are waiting for a similar movement.
d)We expect this structure is a continuation one, and if the price breaks below it a new movement will start with a target on the next support zone at 42.70
e)We will develop our setup on a lower timeframe such as 4hs / 1H
Check our previous idea on the link below to understand how we have been following Crude Oil
USOIL Potential Limit Buy Area It looks like oil wants to test the lows again. Goods odds for limit buy entries around the 0.875 retracement @ 5525. For now standing pat.
WTI will revoer soon ?after we've seen a wave three we anticipate a new lower low that will be caused by the wave five before the oil start recovering
if the price breaks 58.12 level the scenario will be invalidated
oil to 54.40 ?after an impulsive wave to the downside that contains 5 motive waves which a wave a in the higher degree (Micro) , we anticipate more drop with a 5 waves after Forming a corrective wave pattern from 38.2 - 50 - 61.8 Fib level from the last Impulsive wave .
If the price breaks 60.99 level the scinario will be invalidated .
WTI Oil Long set up, starting bullish trend again.OANDA:WTICOUSD has now approached buying zone. The following trend indicator is based in a combination of two bollinger bands with both one and two deviations.
When the price enters the higher-end of the channel, it means the trend has started and its time to buy now. The current political tensions in the middle east should provide some support to the current trend.
Its also worth noting that the MACD indicator is indicating bullishness, since its values are above 0.00 and the price just recovered from some significant losses from the past week
