WTI Cude (OIL) SELL TRADE IDEA
💹WTI Crude Oil ⏬ SELL @ 80.99
✅TP-1# 80.09
✅TP-2# 79.10
✅TP-3# 78.10
⛔️SL 82.00
N.B- If have small balance to trade. Plz avoid OIL trade now.
Because market highly volatile.
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Usoilshort
US Oil (WTI Crude Oil) Analysis and trade Idea...UpdatePrice has invalidated the right shoulder OB I highlighted in the previous video. It has reacted off of the "head" OB, forming a double top, formed an engulfer, and is now retesting the base candle.
This may lead to the bearish PA I was hoping for.
Crude Oil OutlookGreetings traders. Today I am taking a look at the oil and its possible future moves. Generally, like other indices and commodities, overall, oil is bullish. In the channel above, we notice that price has reversed off the channel's diagonal resistance and broke below the trendline. Price gave us a nice retest which potentially confirms the reversal continuation.
Oil is positively correlated to the Canadian Dollar as Canada is one of the top exporters of oil. This means the price of oil dropping will affect XXXCAD pairs positively, and CADXXX pairs negatively. Going into this coming week, my focus will be on these CAD pairs and trade 2 - 3 high probability setups. One of these will most like be CADJPY. Japan imports oil. A decline in the price of oil is most likely to be in favor of the Yen.
Short US oil here head and shoulders As shown in chart.
Very overbought, everyone thinks oils just going to keep going up. I don't think so.
I'm taking the short with lower high on the chart. I'll take some profits at the neckline breakout if it comes in case of a fakeout. Lots of potential though to move down to the green support line for further profits.
Enter as always before breakouts not after to minimise risk
WTI Short setupThe WTI seem to be entering into a top setup, with a Daily MACD turning red and upper BB closing.
In H4 price have closed above the Upper BB and has been followed by a seller rejection.
I would try a short trade here at 84$ with a stop at 86.5$ and final target around 75.5$. At 81$ i would think of putting SL to BE.
Plan to be followed during the week..
Usoil Will it correct the bottom of the triangle?As we see in front of us a symmetrical triangle for American crude oil. Will it correct the decline in the mentioned areas and then start the required ascent journey? We must also wait for the important meeting on November 7, the OPEC group. All of them have a strong effect on oil. Follow and wait for the strongest opportunity to catch profits (Fatma Al-Harbi)
USOIL Full Analysis ,Short Scalping And Long For Long Term SetupThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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