Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame Completed " 12345 " Impulsive Waves and " A " Corrective Waves Fibonacci Level - 61.80% S / R Level
We have a chance of Head and Shoulders pattern. now price is approching the right shoulder area. look for short side,when price comes to this area. on bottom side we have a strong support at 4800 levels. keep in long side from this support zone.
Crude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the...
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Long Time Frame Completed " 123 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Correction Short Time Frame
My bias all week has been for oil to trade to the PWH. So far, I've been given no trigger to get involved. However, end of NY session saw H4 candle bullish closing disrespecting bearish arrays. I want to see these levels respected as bullish arrays to then look for m15 bullish displacement long entry.
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure and Retracement Fibonacci Level - 50.00% / 61.80% RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance RSI - Divergence Break of Structure Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Upper Trend Line
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. Completed " 1234 " Impulsive Waves at Fibonacci Level - 38.20% or Previous Strong Resistance. Divergence in RSI
U.S. crude oil inventories fell by 6.674 million barrels in the week ended January 19 from the previous level of 483,000 barrels. WTI prices were lower on the day as traders focused on rising U.S. oil production and rising supplies from Libya and Norway. The short-term (1H) trend of crude oil has repeatedly fluctuated near the E point of the triangle, with the...
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " A - wxy " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Symmetrical Triangle as an Corrective Pattern in Short Time Frame wait for the Breakout and Retest
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " ABC " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Its Currently Rejecting from the Upper Trend Line to Complete the Retracement for Break of Structure Entry Precaution : Wait for Breakout and Retracement
Oil prices are falling due to US Consumer Price Index (CPI) data. Both headline and core inflation data were stagnant, suggesting that U.S. inflation is not accelerating or declining rapidly, while inflation is falling in Europe and other major regions. The outlook for oil in 2024 is bleak as the supply glut is too large to be replenished in the short...
Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 1234 " Impulsive Waves and Rejection from Upper Trend Line. We have Retracement for Break of Structure. Entry Precaution : Wait for the " 5 " Impulsive Wave
WTI crude oil showed a roller coaster trend. It fell to an intraday low of $74.03 during the European trading session, then recovered all losses, and rose to an intraday high of $76.18 in the US market. It finally closed down 0.19% at $74.99 per barrel. ; Brent crude oil once fell below the $80 mark during the session, and then fluctuated around this mark,...
Brent Crude Oil Forecast 🛢️ TVC:UKOIL Just like we called it earlier, the price dropped from 82.00 to 79, hitting our Take Profit sweet spot. Now, even though the price popped above 81, it couldn't make higher high, and it's chilling below the 100-day moving average on the 4-hour chart. Looks like we might see it slide back from 81.50 - 82.00 to 80. If 80...
The U.S. Consumer Price Index (CPI) fell in all areas, and the dollar plummeted amid expectations that the Fed's interest rate hike cycle would stop. Crude oil prices rose on the back of that reversal and a weaker U.S. dollar that triggered a rise in black fuel prices. Looking at the daily chart of crude oil, oil prices have continued to fall since the second...
The crude oil market experienced a volatile last week, rising first and then showing signs of weakness. This market volatility has investors wondering whether prices are being overextended. This has been happening repeatedly in this market for months. However, in the current environment, it's not hard to believe that this could happen. If the market is able to...
Pair : Crude Oil Description : Completed " 123 " Impulsive Wave. Bullish Channel as an Correction after Impulse , It has completed " abc " and Rejection from the Upper Trend Line with Strong Bearish Price Action if it Breaks the Lower Trend Line then Sell Entry Precaution : Wait until it Breaks or Rejects Trend Lines