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Oillong

Technical analysis update: WTI oil (29th April 2021)As follow-up to previous idea on WTI oil published on 28th April 2021 we would like to upgrade our short term price target from 65 USD to 67.50 USD per barrel. Medium term price target is 70 USD per barrel. Bullish outlook is supported by climbing RSI and bullish crossover in DMI with subsequent revival of ADX action. MACD and Stochastic oscillator suggest burst toward upside. Previous idea: Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
TVC:USOILLong
by Tradersweekly
Crude Oil - Buy Analysis Oil continues its bullish advance as Oil demand comes roaring back as governments across the world vaccinate their domestic populations and set up a global demand increase for Oil as OPEC keeps supply limited. Investments banks such as Goldman Sach's have an extremely bullish view on the commodity, calling for Oil to enter a super cycle. In this video I look at Macroeconomic data that predicts Oil prices and we also look at Volatility to know where the buying opportunities are if Oil continues its bullish trend.
TVC:UKOILLong
by KayansMarkets
Still opening short 64> 1w shortOil has been in profit for about a year at all overnight intervals, and it is time for investors to make a profit. Clearly, oil prices will fall in the coming days and will continue to decline again in the safe haven area. The recent occurrence of the Suez Canal also increases surplus production as oil ships arrive a week later, while other ships are moving a short distance from them, and the arrival of the two together has led to a large market share and Oil prices are falling! temporarily . So be a little smart
TVC:UKOILShort
by jaberzadehamir
Short then Long WTI Crude Oil Possible Trade IdeaSince November 20 and the Oil market has been in an uptrend entering consolidation phases then breaking above. The recent consolidation shows a bounce back from the maximum resistance of the consolidation. The daily candle hasn't closed yet. If it breaks above the consolidation I am longing oil in the long run till 68-70. As for now I will scalp and take advantage of the drop. Quick ins and outs on shorting, then long oil and hold if it breaks above consolidation. If the price breaks lower than the consolidation then I am possibly shorting oil till 55-57 and will disregard the bullish scenario. This is my personal trading strategy for the current WTI oil market. This is not a financial advice.
TVC:USOIL
by FXwabz
Oil Double Bounce and Up - Long PositionOIL BUY ORDER Entry: $52.71 TP & RR: $54.66 (4.88) Stop Loss: $52.31 REASONS FOR THE TRADE If you followed my trade idea from yesterday, then you know that I was expecting either for the price to bounce from the lower trendline and then start trending up or break through it and take a deep dive down. While the position is still profitable and you may choose to keep it open, here I am suggesting another alternative of how price action may develop. I think the price will start zig-zagging around the support level, do a double bottom and then start trending up towards the upper trendline from the channel we already defined. The Market Flow indicator turned green, which in my trading system is an indication to close short orders and look for a long one. Those of you holding the short from yesterday may choose to hedge that trade with a long from that level. The Stop Loss is fairly close, so feel free to adjust it if you are worried it will get hit (especially if the spread on the exchange you are trading on is fairly big).
TVC:USOILLong
by Quant_
Oil Ascending Channel - Long OrderOil Ascending Channel Long Position Entry: $51.69 TP & RR: $52.87 (1.59) Stop Loss: $50.95 REASONS FOR THE TRADE After breaking up at the ascending triangle, Oil has now formed an ascending triangle, testing the lower trendline. If it holds I believe that it will make a higher high and potentially trying to test the upper trendline or at the very least do a double top. My Stop Loss is very conservative here because there may be a fakeout and I don't want to get stopped out (my USDJPY trade is still haunting me I guess). As I am writing this I can see that the price is already going up, so I hope a small pullback will give me the entry I want, after which I will start trailing my SL.
TVC:USOILLong
by Quant_
4
USOIL Ascending Triangle - Long PositionUSOIL Long Order Entry: $51.04 TP & RR: $52.49 (2.54) Stop Loss: $50.47 USOIL Short Order Entry: $51.50 TP & RR: $50.01 (4.14) Stop Loss: $51.86 REASONS FOR THE TRADE As you can see I have mapped two potential trades here, but since the first one is Long, that's the center of the analysis here. What we see is an ascending triangle in an uptrend, so I expect Oil to have an explosive move up (no pun intended). With that being said, I also think that this trend is starting to get a bit exhausted, so if the price breaks down from the lower trendline I will be looking to open a short position. Alternatively, if it reaches the upper trendline I will hedge my long with a short to protect my profits and look for a suitable place to close the losing trade.
TVC:USOILLong
by Quant_
$USOIL Returning to Tighter Previous Trade Channel (BULLISH!)$USOIL is again passing that 45.66 resistance mark spoke of in early ideas. It is nearly dead center of the trade channel it was before the anomalous dip that is highlighted in the red oval. The target on this remains just under 50/b. The path seems to be clear to it, but we will have to keep an eye on industry activities with regard to shutdowns, etc. While the hope remains for oil to return to 50+, even 80 - this winter could be brutal with COVID--and regular flu/outbreaks. The two working together could be an ugly thing, and it would absolutely slow economic activity and cap the growth that oil could possibly see. No distant LONGS make sense, but a shorter-term LONG on oil is quite nice. See related idea regarding a 49.8 target-point. Best of sh*t, be it bear or bull, sh*t -BDR
FX:USOILLong
by BDRTrigger33
1
OIL 9.55% jump was expected from August high levelUSOIL ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Positive vaccine hope-major boost in energy demand 2️⃣ Demand driven recent upward rally 3️⃣ Break and retest happens around 40.00 ( Psychological level ) 4️⃣ 44.00 Upper side resistance - Minor Key reversal area 5️⃣ Successful move out of the ranging territory 6️⃣ August high - 43.79 immediate support for bull 7️⃣ Technical support - Bull 8️⃣ 48.00 will acted as key reversal-bearish 9️⃣ June, September, October months low's forming a lower side trend line 🔟 Possible swing target-48.00 Key reversal area *️⃣ Reverse Parabolic move-Slowing of the momentum #️⃣ Overall trend - bullish —————-❇️——————- 📉 Technical bias-H4-Bullish Price is above 50,100,200 Exponential moving average 50 Exponential moving average will act as support-Bull Ichimoku cloud -cloud is still green -Cloud supporting the bullish trend Bollinger band- Price reached around the upper side of the band and middle band is acting as bullish support Relative strength index - Reached around 50 neutral area 50- Will act as support for bullish trend MACD -Turned red and fell below the signal line ,oscillators are crossed and pointing downwards Stochastic - Reached around 60- Oscillators are converging pointing downwards short term fall back expected —————-✳️——————- Key reversal area's 44.00 Psychological level/Dynamic support & Resistance 43.79 August month high 48.00 Key reversal area/psychological level 41.86 October month high 4.39 September month high 43.00 Major psychological level 38.00 POC area 43.79 Support level/Possible entry- Bull 48.00 Psychological level/Alternative bearish entry —————-✳️——————- Bullish entry #oil #usoil Entry price - 43.80 Take profit 01 - 45.00 Take profit 02 - 46.20 Take profit 03 - 48.00 🚫 Stop lose 42.30 ⬆️ 9.59% Growth expected ⤴️ Account growth 2.05: 9.59 ✅ Risk reward ratio 1 : 4.7 —————-⚜️——————- Push the like button , And cheer up if you found useful
TVC:USOILLong
by forexorbit
3
$USOIL to break a top-FIB point; Could a Parabolic rise follow?Keep very close attn to the 45.66 price-point. It breaks the trade channel and the top Fibonacci retracement, and it could be the bull horn sounding with economic activity increasing in all sectors and most energy stocks reaping the benefits w/ a big rise. If OIL crosses 45.7 without a lot of resistance, there cannot be a more bullish indicator given as a confirmatory signal of this bullish trend continuing. GL, if you need it. -BDR
FX:USOIL
by BDRTrigger33