Crude Oil Trading

fxstrategist

Active member
Apr 10, 2014
556
14
28
#61
Bullish breakout on oil

On the daily chart of WTI oil we can see that the price has broken above the 72.00 level and if it keeps its bullish momentum, it may reach the 75.00 level. On the same chart we can see that the zone between the 72.00 level and the 75.00 level has been a consolidation zone in the past. Therefore, the price may get stuck in the current area. On the other hand if it falls below the 72.00 level, WTI oil will be leaving behind a false breakout and its next support could be the 70.00 level. Another possible scenario is that the price could form a breakout-pullback pattern around the 72.00 level to continue higher.

 

KheloMcx

New member
Jul 12, 2018
2
0
1
#62
Crude oil trading tips

1. Calls Given Only on Crude Oil

2. Start trading with a capital of 50,000 to 60,000

3. Always Trade in the lots of 1 to 10.

4. Regularly follow our expert calls on Crude Oil.

5. Activate the call service to get timely updates and stop losses.

6.Trading only in crude can earnyou 30,000-40,000 per month.
 

KheloMcx

New member
Jul 12, 2018
2
0
1
#63
Crude oil trading offers excellent opportunities to make profit in nearly all market conditions due to its unique standing within the world’s economic and political systems.
 

fxstrategist

Active member
Apr 10, 2014
556
14
28
#64
Good support on WTI oil

The price of WTI oil completes five trading sessions stuck around the 200 day EMA, which is currently around the 66.65 level. The moving average is acting as a good support, while the price forms what it appears to be a bearish flag on the daily chart. The 55 day EMA (purple line) has reversed its direction to the downside and that could be a sign of a trend reversal, even though in order to confirm a trend change, the price must break below the 200 day EMA and even below the 63.85 low. On the other hand, if the price retraces to the upside, the 55 day EMA along with the 70.00 level could act as resistance. Another possible scenario is that the price may stay consolidated along the 200 day EMA.

 

fxstrategist

Active member
Apr 10, 2014
556
14
28
#65
Death cross on WTI oil

The death cross pattern is a bearish midterm to longer term pattern, which is confirmed when the 55 day EMA crosses below the 200 day EMA. On the daily chart of WTI oil we can see that the 55 day EMA (purple line) crosses below the 200 day EMA (blue line), therefore the price may continue falling, even if it finds a temporary support at the 49.00 level. If the price breaks below the 49.00 level, then its next support could be the 42.12 level. The instrument is obviously over-extended to the downside and it could try to correct to the upside. In case of a bullish pullback, the 61.00 level could act as support, due to the fact that the 200 week EMA is at that level.