Crude Oil - New BeginningsWhat I am portraying are comparable dips within the same fib rings of the circle
Coupled with a comparable recovery, and following rise
In the first situation price gets rejected just under the down trend line
In the second (current) situation price will get rejected just under the uptrend line ; inversely
Price will propel itself to new ATH's from here, a new beginning
Upwards until depletion
Oillong
OIL TRADE - READY TO BUY AT $110 PULL BACK!OIL TRADE->
I am counting a nice 5 waves up, the wave 4 pulled back to 38%, the A wave did the 61% of wave 5 so far.. looking for a 1 to 1 projection of the C wave which matches a 50% retracement of the entire structure.... Therefore, TP to enter long is $110!
The NEXT wave 3 is going to be absolute firework parabolic MAYHEM o.0 I'm PROJECTING 185 to 200, EASY!!!!
70% to 80% reward in quick time sounds like a no-brainer in comparison to risk/reward to me. (Unfortunately, your stop loss would need to be around $98..)
DYOR, GOOD LUCK!
$NINE Next Target PTs 10-20-40 and higherNine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. It offers cementing services, which consist of blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well. The company also provides a portfolio of completion tools, such as liner hangers and accessories, fracture isolation packers, frac sleeves, stage one prep tools, frac plugs, casing flotation tools, specialty open hole float equipment, disk subs, composite cement retainers, and centralizers that provide pinpoint frac sleeve system technologies. In addition, it offers wireline services consisting of plug-and-perf completions, which is a multistage well completion technique for cased-hole wells that consists of deploying perforating guns and isolation tools to a specified depth; and coiled tubing services, which perform wellbore intervention operations utilizing a continuous steel pipe that is transported to the wellsite wound on a large spool in lengths of up to 30,000 feet. Nine Energy Service, Inc. operates 47 wireline pumpdown units and 14 coiled tubing units. The company was formerly known as NSC-Tripoint, Inc. and changed its name to Nine Energy Service, Inc. in October 2011. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.
Mar 7, 22 Crude Oil Buy Order at 123On the 4 hour chart, I put a Buy Order in about 30 minutes ago at 123 for Crude Oil. This is in the anticipation that Oil will continue to go up as the war continues.
Can you believe there are economists now calling this WW3????? YIKES!
Anyway, volatile markets so hoping we can all make some money off of this craziness.
I'm looking at a minimum TP of 126 - I hear it will hit 130 over the next few weeks, so I'll keep an eye out to see how quickly it goes up. I certainly might move my TP up if price looks good.
I'll keep you updated - stay safe.
Heiko
USOIL WEEKLY TFMSJ square since IPO 1862 - pretty intense
first target 121$ got reached very fast - next one is 134$.
USOIL BuyWe have a bullish break again. OB is marked in a grey box. Look for a sell from there.
NOTE: I always wait for a candle close below the grey box for setup to invalidate. So either set sl with some margin or manually monitor the price on 15m chart.
USOIL BuyWe are in this marked 15minute range. OB is marked. Buy from there with stop loss below the structural low.
OIL India Share Target 290OIL India Share currently trading around 220 , 230 very important resistance so if break out above 230 it will go upto 290 possible very soon
USOIL LongHey traders, in the coming week we are monitoring USOIL for a buying opportunity around 90 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USOIL LongHey traders, in this week we are monitoring USOIL for a buying opportunity around 85 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Oil is headed towards 85 levelOil is headed towards 85 level. Many analysts are predicting lower oil demand due to Omnicron variant but the impact is yet to be seen.
We cannot expect the price crash similar to 2020 because there were no vaccines at that time and complete lock downs are very unlikely. Hence, do not wait to see the negative oil prices ;-)
We use Aspen Trading Support & Resistance Levels to risk manage our positions. These levels are invite only and can be accessed through url in my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
WTI LONGHey Traders, in today's trading session we are monitoring WTI for a buying opportunity around 77.6 zone. Once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Brent: All Good!Since its last low, the the benchmark crude Brent recovered pretty well! We expect the price to further increase towards $86.68. Just below that mark, another corrective movement should set in. It is, however, important that the course does not fall below $69.22 now.
Stay healthy!
CRUDE OIL MONTHLY OUTLOOK!Overall outlook on technicals in a buy as obvious on pattern formation.
Keep in mind there are lots of retracement on lower timeframes which would eventually lead to further push to the the upside on this timeframe.
Trade at your own risk ...
WTI Crude Oil Long Hi traders,
Please see above an idea based on Oil Long.
This is my opinion and not financial advice
Oil is about to reach a critical pointHi everyone. We are about to reach the 0.5 Fibonacci level, which is around 73.5. This indicates whether we're in a correction or we started to see a downtrend. If the chart pivots from 0.5 level it can take back the previous high at around 85.30, which can then go to 100$ if it breaks the 85.30 level. As long as we're above 73.5, the 0.5 level is 100% in the reach. For the $100 level we need more confirmation and see how it reacts to the levels on the chart.
If we don't pivot from 0.5 level, I'm expecting an Elliot wave to the demand zone, which is the red box in the chart. It's likely the case that we hear a new about oil supply in upcoming weeks that can affect the price. In that case, the analysis has to be updated, but a down trend should be assumed. I personally don't see this happening, but we never know what the news is going to be.
As for entering a position, you should wait for the confirmation from the 0.5 level, and if the price doesn't close bellow the level. Once I got my confirmation, I would enter at above 0.5 level, with the stop loss of below 0.6.
Remember: You should ALWAYS have a Stop Loss when trading commodities. You should have stop loss in any case, but it's especially the case with commodities.
Note: Do your own analysis before making a trade.
Let me know what you all think! Any feedback would be greatly appreciated.
FOREX ANALYSIS : USOILTVC:USOIL
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
oil we published this idea yesterday and we are gonna hit the TB soon every thing is running very great more than 400 pips in one trade in one day have a look at the idea below Congratulations to all and see you in other successful deals as we have been used to
🧙♂️usoil ✅Oil prices rise on reports that OPEC+ could reassess output
we expect the brice gonna reach 79 according to wolf wave
Oil Long SetupOIL Long Setup
🔵 Entry Level: $75.25
🟢 Take Profit: $78.69 (1.97R)
⛔ Stop Loss: $73.49
Reasoning:
1) Lower trendline in a descending channel
2) Oversold condition on the indicator
Oil Way to SkyOn the way to Sky, clearly the current and future scenario is affecting and distorting the supply and demand for oil, less is produced, but more is required, it is desired to replace but there is still no plan B in the morning.
USOIL- long term projection.Here's my analysis on the daily time frame. We are in an upwards trend and it's always better to trade with the trend; not against it. Therefore, I believe oil will see the price of $90 very soon.
Price action has just rejected the 61.8% fib level (on the 1 hour timeframe) and rejected the trendline. On the daily timeframe price has rejected the 78.6% fib level.
Hope everyone is having a great evening. Please comment below your ideas or if you need me to analyse anything.
