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Crudeoilwti

USOIL - Bullish Bias - Target $64Bullish bias remains supported by the strong ascending channel. Until the weekly timeframe makes a decent lower low, I will continue to hold onto the bullish position with my end target set at $64 ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
TVC:USOILLong
by Michael_Harding
Oil Trending Up - Long PositionOil Buy Order Entry: $52.61 TP & RR: $53.79 (3.37) Stop Loss: $52.26 REASONS FOR THE TRADE Price is breaking through the upper trendline and unless this is a fakeout I expect it to continue going up until the recent highest high and maybe up until the dotted resistance around $54-$55. The market Flow indicator is showing momentum up and I hate to open a position against it, so I am definitely not shorting anywhere around the current level or unless the indicator shows otherwise. The only thing I may suggest is for you to change the SL if you are afraid you might get stopped. I have the tendency to place it quite far from the entry, but this time I am taking a bit of a risk. It's your call here.
TVC:USOILLong
by Quant_
Crude IH&S, RS Potentially PrintingFX_IDC:USDWTI - 1H Given that one of the first things the new President did after inauguration was rejoin the Paris accord, you can't help but see rising gas prices on the horizon. Rather than filling drums and reselling them in 6 months, I ventured away from the cryptosphere and into the WTI charts. The 1H chart seems to be printing the right shoulder as we speak. I may have longed at $53.05, eyeing a potential neckline breach at $53.85. Should the pattern print, it'll meet resistance $58.17. Should the neckline get rejected, $52.05 would be a target for a short. This is not investment advice and trading crude oil is presumably high risk.
FX_IDC:USDWTILong
by LoDoCrypto
Oil Reached Upper Channel - Time For a PullbackUSOIL (WTI Crude Oil) SHOST SETUP IDEA Entry: $50.94 Stop Loss: $51.82 TP & RR: $48.39 (2.9) REASONS FOR THE TRADE So far Oil has respected the channel fairly well and I am expecting at least some pullback (best case scenario reaching the lower trendline). The Stop Loss is set at a good distance, so generally speaking, a small fakeout shouldn't trigger it. Breaking above that channel, however, would invalidate the setup and I would look for a good place to open long. If you are a breakout trader then this would be your opportunity. My suspicion is further confirmed by the two indicators I am using below, printing a decline in volume and momentum. The effective volume bars give a clearer picture of what's going on in a smaller time frame.
TVC:USOILShort
by Quant_
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