Oil Missing leg will take Oil to new highs before a correction on a bigger scale will occur,
im looking to short the Oil when it hits new highs with tight stop losses and a previous wave 4 target.
Xti
Nice Buying Opportunity On USOILOil is currently stuck in a range, and is highly likely to breakout to the upside due to demand increases. Be careful of swap/rollover fees
XTIUSD SHORT TRADE 2HR OIL USOIL ENTRY : $59.300
STOP LOSS : $60.300
FIRST TAKE PROFIT : $58.480
RISK : 1% CAPITAL
Once first take profit target is hit i will close half the position. We will then look for continues of trend. As we have more information i will follow up with an analysis on remaining open position.
GL.
Please feel free to comment and discuss.
If you like this idea or traded it with me please like and follow for more ideas.
WTI short / Expecting a ranging marketWTI has earned us plenty of profits during its bullish run that started about 2 weeks ago, but ever since hitting the 2021 top we have moved into more of a ranging market.
We've taken a short and have one more sell order at the upper orange level as there is a chance of a retest and that is where we expect/believe bulls to get "tired" and price to reverse back down.
We see good reasons for most commodities to drop, including XAUUSD and XAGUSD.
As for the reason to short WTI, we have our classic 30% fib resistance, price making lower highs and currently being at the top of its range, it might not be 100% ready right now but we do believe it could be the case soon enough.
BRENT OIL Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on WEEKLY: BRENT OIL is sitting around strong supply in blue so we will be looking for sell setups on lower timeframes.
on H1: BRENT formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
OIL - Wick EntryI would be nice to attempt to get a wick entry from key previous structure down to the next key zone marked. Let's see if we get a significant pullback followed by rejections before we consider a sell.
USOIL Sell Setupon DAILY: USOIL is sitting around a strong resistance zone so we will be looking for sell setups on lower timeframes
on M30: USOIL formed an objective trendline in blue and broke its last swing downward. we also have a divergence on MACD adding more confluence to our setup.
But since the break happened a couple of hours before the market close and because the price is sitting around the round number 40.0
Let's wait for a momentum candle close below 40.0 in green before selling for extra confirmation.
Good Luck!
CRUDE OIL video top-down AnalysisHello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Shiller Version 2 for Wk Open 9/14 In 1998, Robert Shiller--the Yale economist and Nobel Prize winner-- formalized that idea in a paper, "Valuation Ratios and the Long-Run Stock Market Outlook" and a book, "Irrational Exuberance." The latter made Shiller something of an economic prophet. In his book, which came out shortly before the dotcom crash, he warned that stocks were overvalued.
What is the CAPE ratio? It describes the price-earnings ratio over 10 years, rather than on a particular date. Called the Shiller P/E, it is calculated by dividing the price of a stock by its average earnings over the past 10 years, adjusted for inflation . It can also be used on an index such as the S&P 500 .
Do you have any TRADING related QUESTIONS?Price is currently in a good BUY zone, this area has previously been used as strong resistance which has now turned into support, so i am expecting bulls to step back in and push price higher from here. If you do take a trade from this you can keep a tight stop loss because if price did break such a strong support then it has the potential to fall some way.
Nice and simple setup that most people could find if they didn't over complicate thigs all the time!
If you would like any help trading or have any questions then just message me and i will be happy to help.
Straight Times Index Floating +3% (HOLD) for Asian Session Still over -23% off of the highs, I will remain holding this position with stoploss at breakeven. This entry was given on the 14th of last month.
03:44:41 (UTC)
Tue Aug 18, 2020
Copper Position Update from Yesterday (Risk-Free)Stoploss moved to entry for a risk free trade on this copper signal published yesterday, linked below.
OIL - the commodity they are killing for...If the oil would drop through the blue line, I start to believe that 10 dollars per barrel is coming next.Fractals in oil. What would happen in the world to send oil to 10 dollars? ..the commodity controlled by three men only... Black gold. :) Anyway, not looking good for oil... Do not take it too seriously, but consider it. Have fun, trade with smile folks.
Oil - ShortStop SL. If it breaks upwards, it means its going to retest the outer descending trendline.
Awaiting break of the ascending wedge...
USOIL ShortLower lows with a clear level where bounce offs are happening. Trendline for an over all-direction downwards. Great risk/reward.
Feel free to leave additional ideas or thoughts in the comments below!
Gold.. Yikes$1500 plays as very active key level, as buyers and sellers have kept price wedging tighter and tighter towards the price.
OIL to the topJust take a look at my chart drawing.
Enter-reason: clear support-zone (entry zone now), over-all uptrend because this supp zone is formed at 61.8 fib level (not drawn but its a fact), great risk/reward ratio. Target level that high because its the same height that has been occured in the last up-move before so we take that height and place it on our entry level to find out the potential target level. (Black straight lines).
Comments are welcome!
Crude Oil - Back to test long term supportPrice has broken below the congested " chop zone" region. Very like we are heading back to test the long term support level, near $50. It's held multiple times so I set limit order to buy 50.75$, SL $49, TP $55 (the center point of the consolidation.
