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West Texas Intermediate Crude Oil Futures (Continuous futures contract)West Texas Intermediate Crude Oil Futures (Continuous futures contract)West Texas Intermediate Crude Oil Futures (Continuous futures contract)

West Texas Intermediate Crude Oil Futures (Continuous futures contract)

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USOIL.F trade ideas

CRUDE OIL: Bearish for short termLEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. Either a larger correction of higher degree or a smaller correction as a ZIG-ZAG corrective wave , whatever the condition crude is going to fall if rejected from the current levels. TRADING STRATEGY: AGGRESSIVE PLAYERS: One should go short in the region of 93.5 $ to 94 $ keeping SL of 96$ and look for the target of 88$ and 85-84$ zone . SAFE PLAYERS: wait for the closing below 92$ & then go short for the target of 88$ and 85-84$ zone .
TVC:USOILShort
by TradingSutra
2
Predict Crude oil's next movement with Volume activityPrice action is the Key. Use Ultra high volume setup/condition for additional confirmation purposes only. A combination of Daily and Hourly time frames works well. Highly recommended only if the Daily time frame is Trending. Lower time frames say less than the hourly chart gives the confused or mixed-signal, so it is recommended to use for overnight positions. Take trades based on your own risk appetite. The indicator used is Volume Spread for VSA Queries are Welcome
OANDA:WTICOUSDEducation
by Velmurugan_SimpleTrader
💡Don't miss the great sell opportunity in WTITrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (91.59). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . WTI is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 44. Take Profits: TP1= @ 88.03 TP2= @ 85.92 TP3= @ 82.64 TP4= @ 80.02 TP5= @ 77.42 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BLACKBULL:WTIShort
by ForecastCity_ME
2