Banning russian oil will create powerful price momentum for the WTI. This banning is very dangerous to our economy but president Macron has the key. I think Macron is going to be a next president of France again.
CRUDE OIL – Futures: Bullish Fakey Setup Triggered Price Action: Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed just above the $88.81 – $95.43 short-term support area, earlier this week (We suggested trading this setup in the April 12th, members' daily newsletter). Potential Trade Idea: We are now considering buying on a...
Dear Friends i see Usoil(WTI) in good momentum and in yellow area take a position for RR 1:4 but take care to Trace in h1 if strong Bullish Candle you saw , Save Profit in 1:3 and more
Dear Friends This Week i See WTI chart bullish so for First Postion I suggest Take Long Postion As Described in Picture Risk:Riward=1:3 Free 80% Cash and Move SL To Last 1H Swing Low
CRUDE OIL – Futures: Buying After A Pullback To Support Area Price Action: There is no new price action signal to note at this time. The recent Bearish Inside Bar Pattern + Pin Bar (Combo Setup), didn’t trigger (We did not consider trading this setup, nor did we mention it). Potential Trade Idea: We are still considering buying on a retracement lower and after...
Crude oil just broke out of long time falling wedge pattern at around the $60.00 area as seem on chart. With inflation at 20 - 30 year highs, war looming, and talks of strikes at the refineries the target of $162.95 area could easily happen. This will cause sky high gasoline prices going into Q2/summer and continuing throughout fall/Q3, I am assuming.
TVC:USOIL Let's say this first - I'm no expert and probably wrong . My trading experience is very limited . However I have followed the market fairly closely over the last couple years and today I had too much time to stare at charts. Let's look at the above chart that I haven't been able to look away from today. First chart in question is of WTI Crude Oil...
Hi traders, Please see above an idea based on Oil Long. This is my opinion and not financial advice
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices surged above $83 per barrel in volatile trading on Thursday, recovering from significant drops caused by concerns about rising US inflation, as OPEC reduced its...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ On September 13 I posted an idea explaining how the USOIL was close to a breakout and that you should keep your eyes on the market for the next few days, and posted 2...
SNIPER STRATEGY WTIUSD Daily Timeframe I warn you again this strategy will not predict pullbacks but it will give you huge profit at the end Quite honestly no matter what the chart is, this strategy kills it. Start believing
USOIL struggles to move up since announcement of supply boost by OPEC. On 20th July 2021 price found its support at 65.11 USD. On 9th August 2021 price again dropped and halted its decline at 65.17 USD (6 cents above support). After that 2 trading sessions with higher low and higher high followed. RSI seems to develop similar pattern as price itself. It did not...
Price has been moving within a channel as my H4 chart shows. Both channel extremities have been respected several times already. The higher time frame confirms a bullish trend in place... these reasons and a tight stop give me all the reasons I need to take a long. I will be doing that as soon as the Asian trading session settles down in a couple of hours. If...
With Oil and Gas stocks continue to rally up form their 2020 lows, and SPDR S&P Oil & Gas Exploration & Production ETF ($XOP) already above its Pre-Covid levels, $WTI rally of +24.06% over the past weeks of trading upon the high volume break of a two weeks consolidated pattern, continue to suggest it is playing catch up relative to the broader sector. With...
WTI oil continues its choppy sideways price action. However, we still remain bullish and our targets remain unchanged. Our short term price target is 67.50 USD per barrel while our medium term price target is 70 USD per barrel. We expect demand to pick up over the summer as travel curbs will ease and people will start to travel more. In addition to that oil failed...
XOM currently shows very high correlation with oil price. This coincides with our bullish outlook for oil prices. Furthermore, technical analysis of RSI and MACD remains bullish. We also see buildup in volume. Because of that we would like to upgrade our short term price target for Exxon Mobil to 65 USD per share. We believe that XOM will break above resistance at...
The black gold has been recovering slowly but steadily. After breaking the strong psychical level at the 64 handle, it recorded a fresh higher high at 65.44. Price action has recently retested the broken level, in confluence with Fib golden level 618. It might signal an uptrend continuation. Fundamentally speaking, the bulls dove in after reports of gasoline...