Downloading...
Download

Selloil

7 Dimension Analysis For OIL🕛 TOPDOWN Analysis - Monthly Bullish Structure, Weekly Bearish Inducement Overview: The monthly market structure maintains a bullish stance, holding key supports. On the weekly chart, a valid low was established, accompanied by a strong bearish inducement. While a demand flip occurred, the overall trend remains bearish, marked by a record session count and inside candle price action. The daily time frame reveals a bearish swing structure with impulsive moves, indicating potential further downside. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: ChoCh 🟢 Swing Move: Impulsive 🟢 Inducement: Suggests potential further downward movement. 🟢 Pull Back: No significant pullback observed. 🟢 Resistance Zones: Market encounters resistance at every supply zone post- ChoCh, forming a bearish build-up, indicating potential future downside. No traps observed. 2️⃣ Pattern 🟢 CHART PATTERNS Continuation Symmetric Triangle Shakeout Continuation 🟢 CANDLE PATTERNS Notable Observations: Momentum candles with Fake out/FOMO. Tweezer at the internal move top. Inside candles in the last three days. 3️⃣ Volume: Significant volumes observed at the beginning of the move. 4️⃣ Momentum RSI: 🟢 RSI Below 40: Indicates a super bearish zone with high selling pressure. 🟢 Range Shift: Shifted sideways to bearish, suggesting ongoing bearish activity. 🟢 Divergence: Hidden bearish divergence present. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band Resistance: Strong rejection observed. 🟢 Head fake: At the top of the move, indicating a potential deep bearish move. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive Bearish ✔ Support Resistance Base: Takes resistance at a significant level. ☑️ Candles Behavior: Extremely volatile bearish momentum. ☑️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Sell at the open. 💡 Decision: Sell 🚀 Entry: 75.22 ✋ Stop Loss: 78.04 🎯 Take Profit: 68.07, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO. 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 7 days SUMMARY: The analysis reveals a monthly bullish structure but a weekly bearish inducement. The daily swing structure is bearish with an ongoing impulsive bearish move. Recognized patterns include a symmetric triangle and shakeout continuation. Critical levels, candle patterns, and trendline breakouts were considered for the entry decision. The suggestion is to sell at the open, with detailed entry, stop-loss, and take-profit levels, presenting a risk-to-reward ratio of 1:3.5, and an expected duration of 7 days.
TVC:USOILShort
by Optimum369
UKOIL short position selling from the 80sAs the new year begins, the markets are a little quiet but in the oil , markets seem a little confusing, Based on OPEC-JMMC Meetings we made our view on the oil market. "That's one way of looking at it OPEC plus seems confident that despite omicron spreading rapidly around the world and with cases rising it's not going to have that much of an impact on oil demand the group is expecting the oil market to be in a supply surplus in the first and second quarters" While the U.S airlines have canceled and delayed thousands of flights since 23 December 2021, The energy sector will depend on storage more than consumption in the coming period. OPEC plus is probably not almost certainly not going to actually add 400 000 barrels a day to the market because of supply problems incertain members in the oil club. I see OPEC crude oil production increasing since Jul 2020 : 24.82M bbl /d on Jul 2020 to be 28.87M bbl /d in Aug 2021 Making the oil production increase +16.31% in one year. The technical view you will see 83.00 -82.00 area as a supply area on the chart, also, 86.50 - 85.00 area is a strong historical supply area. The Market tend to sell from these areas, we may see some increase in the price shortly but in the volume indicator the average volume is in decline For the position I recommend a sell order from 83.00 -81.50 area Sell limit on 84.5- 86.5 in case the market still growing before retrograding Targets 1st target 77. 40 - 77.00 demand area 2nd target 68.40- 69.10 demand area The period of the Positon is more than 1 month up to 5 months (estimated ) This is a swing trade so be patient we estimate +16% to +20% profit for 5 months The news and numbers source coming from theoilsellers.com/ news.cn/ ycharts.com/
TVC:UKOILShort
by youssefallax
2
MASSIVE SHORT CRUDE OIL - as "smart money" playersU.S. benchmark, West Texas Intermediate, has fallen to the $15 range as global economies remain on lockdown due to the COVID-19 pandemic, crushing crude demand. Also global oil storage is reaching its limits. The situation is so dire, in fact, that the Department of Energy is even considering paying domestic oil producers to keep crude in the ground. Even if the RRC follows through with their plan to interfere with the free markets, however, many experts suggest that as much as 20-30 million barrels per day in demand is being decimated by COVID-19 - a far cry from what global oil producers have cut so far. I would recommend to take contrarian trade to the herd, who expect oil rebounce - SHORT SELL the hell out of it until the end of the April.
OShort
by UnknownUnicorn4570907
2
Kenji signals: sell oilToday, the indicator "Kenji" on the daily oil chart generated a sell signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of oil is currently in the active downtrend phase (the area between the fast and slow averages is colored red). At the same time, current prices entered the sell zone, which led to the formation of a "sell" signal. The long position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a sharp divergence between the price and average values). Recall, work in a trend is one of the most comfortable and potentially successful trading options. For reference: The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness. The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat). It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
FX:USOILShort
by Trade24Fx
OIL REMAIN BULLISHAll non-OPEC producers were called upon to help stabilize the market b'cos their role was as critical as the role of OPEC members- and as we all know Oil demand is expanding at enormous healthy rate despite the slower global growth. - Eyeing = 56.1 very soon (within 2weeks) One of the famous oil investors suggest that freezing production or in other words urges them to slightly reducing production, - OPEC wanted to send a signal to the market that it wanted to lower inventories as a way of encouraging investments.....but no one knows if both OPEC members & Non OPEC members will buy this idea - nonetheless, prior to making up their mind - oil will continue doing what's doing for now & once they decides to reduce production? then we may see oil drop back south (46.1) before Christmas or by Christmas:)
TVC:USOILLong
by DR.
5