USOIL Big Dump Soon 60$ Oil Hey looks like daily and weekly timeframes are starting to swing short and a big dump could be starting here, just a heads up would look for a pull back up first before short entries.
Xtiusd
TS ❕ BRENT: above 85$Oil is likely to hold above 85$ in the near future. At the moment, a small downward correction suggests itself, but you should be careful, as the price is moving in a strong uptrend.
SELL scenario: A deal to sell is expected after the formation of the third top. This setup will be as confident as possible with the target of 85.15.
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Remember, there is no place for luck in trading - only strategy!
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XTIUSD/ USOIL/ WTI Bullish continuationUSOIL has been following my every analysis. I'm adamant that we will eventually reach the $120+ a barrel indefinitely. Following up from my previous analysis, it's time to grow more from here to
TP1 78
TP2 82
XTI, Crude Oil XTI, Price showing rejection from weekly Trend Line and ranging above weekly and Monthly High ,
Few Pips Stop loss, Possible Drop Expected
XTIUSD heading towards resistance and achieved first target.In our previous prediction we earned 600% growth. XTIUSD trade has strong resistance and there is potential chances trade will reverse from that point back to touch lower trend line . If trade breaks trend line then In that situation trade will go for big decline zone.
XTI/USD XTI/USD
OPEC+ outside OPEC has left unchanged plans to increase oil production in February. The current growth is supported by events in Kazakhstan and pipeline problems in Libya. Trading volumes are accumulating for a downward correction, after which a transition to a flat is most likely before any progress appears in the US-Iranian negotiations.
XTIUSD heading towards resistanceIn our previous prediction we earned 250% growth. XTIUSD trade has strong resistance and there is potential chances trade will reverse from that point back to touch lower trend line. If trade breaks trend line then In that situation trade will go for big decline zone.
Oil 🛢 I prefer to sell only
You can buy if you like , but i am a seller
Sell with us oil 😁
Activate your sell limits and get double sell too if you love oil 🛢 😉
Good luck
I dont explain much , but i expect much 😊
Good luck
usdwti short its making a flag pattern
but its near to the resistance expecting it to fall below
the bull power is weakening so far
USDWTI H4 - Short SetupUSDWTI H4
Still in that lower low lower high sequence as highlighted in the above rundown.
The first trading zone offered just 1R, enough to bullet-proof and eliminate risk. Price pushed beyond resistance and we are now back on that 71.50/b.
If we see rejections from here, we could trade back down towards sub 70/b and respectively 65.
USDWTI H4 - Short SetupUSDWTI H4
This setup is still valid, we are still within that latest lower low and lower high sequence, we just popped higher above our H4 trading zone.
Looking for a break of 71.00 and subsequent retest of 71.50 on the hourly to allow for the break and retest play on the hourly timeframe.
Update from oils chart last week From marking out key zones it’s been a profitable week trading oil, this week I will be hoping for a break either uptrend or down but most importantly just following the market and the money waiting for confirmations and continuous patterns and structures.
XTIUSD trade is going to big recession zoneXTIUSD, Crude oil trade can go for big recession in upcoming days. You can keep two entry and target points as shown in the chart. Trade will be invalid if oil crosses $95.
Dear traders, here I published my technically analysis. I will enter in the trade when I will observe sell candle. Before you enter make sure trade should show bull exhaustion. If you like my idea then support me with your comments and like button. If you want to know more about instrumental analysis of other Coins then just ping me.
$USOIL $XTIUSD Is heading south today!TVC:USOIL Has now tested a massive broken channel and heading south. Odds are high to close in red troday.
Follow for more updates..
#AHMEDMESBAH
OIL Bull (will make a lower high)today OIL dropped to 62 .70 a support Daily zone, and rebound there on divergence.
I think OIL will go to make a lower high, because weekly chart i think is already bearish.
See price action, before go long (zone to buy on chart)
Targets on chart.
Be carefull, patient and discipline.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Good trades to All.
USOIL Bearish retracement on the daily time frameUSOIL is ultimately bullish however, I believe that we will see a retracement to $72.61 a barrel due to it's previous pullbacks to the bullish trendline as we have experienced in the past few months
Please catch the live analysis here.
☑️Brent: still downtrend correction➡️ For oil, further downward movement is expected as part of the correction, for now. Meanwhile, OPEC lowered its forecast for global oil demand in 2021 to 5.65 million barrels per day. She named the slowdown in demand growth in China and India as the reasons. Although it should be noted that oil did not react much at the time of these events.
Technically, the price continues to decline within the downtrend channel. At the moment, the resistance level of 83.10$ has a SELL-potential, with the potential to fall just below 80$ (Target № 2 on the chart). Trade parameters are presented below.
🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 83.04
⛔️Stop Loss - 84.87
✅Take Profit - 80.53
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Brent: same directionAnd so, the forecast for oil remains the same. It is expected that during today, the instrument would return to the downtrend channel and from there would go to the levels of 81.70 and 80.45. If the price consolidates further above 83.40, the SELL-scenario is canceled.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Brent: shorts activated And so, the short-term SELL confirms for oil. The price area 81.70 - 83.40 serves as a resistance for further growth. Now the instrument is at the resistance line of the descending channel, which at the beginning of the next week may lead to active sales.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Brent: correction is visibleAnd so, although oil is on the rise, however, weakening of buyers are visible. We are not talking about a trend change, but a correction is very likely to happen. The target of such a correction could be 83.40 and even 81.70. This price area would support the instrument.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Oil short readyHi there,
Oil preparing a big move to the downside, since March 2020 lows we are on a new trend, completing the 3 wave we go for the big correction to the downside, Long term, Oil still a buy, but for now look for shorts only.
Watch price action in lower timeframes to go short,
Good luck
WTI: high prices would remainOn Tuesday, prices for WTI crude oil showed indecision. These dynamics indicate consolidation in the short term. However, a corrective decline should not be ruled out, as the asset is close to overbought levels. However, buyers' immediate target is the $ 82.00 mark.
On Monday, JP Morgan analysts said that the average price of Brent crude will be $ 70- $ 80 in the 4th quarter of 2021 amid the ongoing recovery in global consumption. Continued supply chain disruptions represent an upward risk factor for this projection. Nevertheless, the OPEC + alliance has sufficient capacity to increase production, and it can do so if prices continue to rise.
Oil prices are likely to remain high in the medium term.
Proposed deal for this tool:
Entry Point - 80.69
Stop Loss - 79.24
Take Profit - 82.14
Thanks for your comments and likes 👍
Brent: forecast for Oct 11 - Oct 15Prospects for oil prices, to a greater extent, would add up to their growth or at least consolidation in the range of ~ $ 78–82. Deficit reduction is progressing more slowly than planned. The oil market is still in deficit, but not as before in view of the beginning of a small, but still consistent, softening of quotas by OPEC +. The decision by OPEC and its allies (OPEC +) on Monday to maintain the planned increase in oil production was prompted by fears that demand and prices could weaken.
Their fears are not without reason. The current oil and gas trend indicates a likely decline in the near term. The almost vertical takeoff of gas and coal quotations, and more recently oil prices, can hardly be considered sustainable. Such market movements are more likely to end in decline than in further growth.
With such sharp price surges as now, investors and traders should be prepared for verbal interventions by the buying and exporting countries. One of these statements was made by Iraqi oil minister (about a fair price for oil in the range of $ 75-80). In addition, it is very likely that the United States, China and India will try to stabilize the situation in their markets.
Also, we must not forget about the daily pressure on oil from alternative energy. On the long-term horizon, the fall in demand looms more and more due to the energy transition. This is a strong incentive to ramp up oil and gas production now in order to invest revenues in the future.
In general, prices are expected to roll back to the level of ~ $ 78.90 for the coming week.
