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WTI (Crude Oil)

Oil Will Fall To $35 Per Barrel by EOYIn 2018 we had a drastic initial fall of oil from $77 per barrel to $42. We completed the .702 retrace back to $66.50 earlier this year and are now building a descending triangle for the next leg down. The initial target of the triangle is to $34.50. However, our final target is likely much lower... below $10. Here is my previous warning on oil that I published on October 22, 2018, titled: "USOIL is Still in Crashing Pattern Since 2008" In this idea I identified the exact bounce spot of oil, and I mentioned that we would need to wait for a setup to identify it's next move. Well, we have it. It retraced the fall, and built a descending triangle. It's going lower. Idea is invalidated if we break above $61. Good luck.
OANDA:WTICOUSDShort
by SecludedJ
WTICOUSD Previous Forecast Still IntactHello traders, The bigger 3 wave B structure in the middle is almost complete!! Look for the bigger up move first to break the trend line and then if we don’t get a sharp rejection we will look for a consolidation and another up move to break the 60.2 / 61.0 range in order to complete the huge flat pattern before we eventually head back down for the monster dump. I will post a long setup when I see a good opportunity! Check out some of my other ideas down below. If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below. Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis! Thank you, Good luck
OANDA:WTICOUSDLong
by UnknownUnicorn852976
Oil PERFECT FORECAST Buy The BreakoutHello traders, We just made a strong impulse up exactly as predicted and now we are consolidating nicely without failure. Look for the next breakout and click BUY. Refer to my forecast that I made earlier to see what the bigger picture looks like. Check out some of my other ideas posted under 'related ideas' down below. If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below. Don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis! Thank you, Good luck
OANDA:WTICOUSDLong
by UnknownUnicorn852976
1
$WTICOUSD $USO - Approaching Key Resistance LevelAfter bouncing off its Weekly Support Level of $52.422, WTICOUSD is making a run for its key resistance level of $57.14 (Red Diagonal Line). A "Break and a Close" above this level will help to provide confidence for the commodity among global investors. However, WTICOUSD continues to make lower highs within a downward trend. The next move at this level will be key for determining the next direction for WTICOUSD over the coming sessions.
OANDA:WTICOUSD
by EconomicsGlobal
1
$WTICOUSD $USO Oil Approaching Key SupportWTICOUSD continues to be pummeled by global macro headwinds. such as a slowing global economy, decreasing global demand, and the ratcheting up in trade rhetoric between the US and China. Given this setup, WTICOUSD is trending downward towards its key Weekly Support Level of $52.422. WTICOUSD has seen steady rallies from this point in the past, however, given the current macro headwinds, this time could be different. Keep an eye on prices around this level. If WTICOUSD breaks its Weekly Support Level $52.422, we could see prices going much lower.
OANDA:WTICOUSDShort
by EconomicsGlobal
WTICO/USD - Will it reverse??Hello traders, WTICOUSD - Still in major downtrend for now. Look for the completion of the small correction pattern and then the bigger one, at which point we will wait to see whether it will correct and give us an impulse that breaks the trend to start an up move or gets rejected and falls back down to break the end of 2018 low target. If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below! Please don’t forget to like & give me a follow if you like what you see. Thank you, Good luck
OANDA:WTICOUSDShort
by UnknownUnicorn852976
1