We likely will trade lower in the medium-term. Short-term we are supported at 93.93 and we have resistance at 98.50 above. The MACD is starting to go negative (lagging) and therefore SELL strategy is the way to go. One would either SELL near resistance 98.50 (perhaps 97.75 when seen) or SELL current 95.00-96.00 and place stop-loss @ 99.00. Take profit 84.75.
OIL_BRENT is trading in a narrwing wedge And will soon retest a horizontal resistance at 112.45 A bearish move down will follow However, IF the resistance is broken to the upside The setup is invalid
Oil has been propped up in recent days on the back of EU embargo on Russian oil rumours. It seems as if there might be a consensus among the member states but most are requesting exemptions for at least a matter of years before they are forced to get off it. China are also struggling with COVID-19 implications, lockdowns and seems as though the supply chain link...
Hi there, As you see on the chart, OIL has closed below the 50MA on the daily time frame. We need to see a full candle close below 50MA for short. It is still above the 200MA so still a bullish trend up. But we may want to catch the fall back to the main trend. You can see our entry and profit target. Profit target = next support point. Entry Point = Ideally we...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Since history always repeats itself, we expect oil to drop to levels 38, 34 , as you see there are 2 ascending triangles , one big and the other small, look at the small one, after the price broke the third higher low , the price retested it by forming double top then descending wolfe wave formed ,then the price free fall fell so we are expecting the same path...
USOIL - this is base on news and other fundamental analysis . to gain the liquidity big traders must close there for small retracement in market. Travel ban to Africa will loose some demand for oil. Anyway COT says the same thing. lets enjoy the ride. these analysis are not trade signals or advice to take the trade this is only for my improvement but still if...
Prices of oil have a direct impact on the inflation. The higher oil prices have started impacting the consumers across the globe. We have used Aspen Trading Support & Resistance Levels to analyse the oil prices trend. It has clearly broken down the short-term support levels at 77.75 and most probably could lead to further down side. As the the oil production...
Looking for a short on USOIL soon. Might happen today or next week. Trade with care
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Crurde oil - Shorts - daily tf
OIL SELL TP_43.94_7.36%_3.49pips_SL_47.78_0.74%_0.35pips
OIL SELL TP_41.15_9.74%_4.44pips_SL_46.20_1.34%_0.61pips
OIL SELL TP_33.56_17.87%_7.30pips_SL_42.80_4.75%_1.94pips
Hello, Traders! OIL is going UP on the fundamentals. Improved outlook on the economic Recovery rate Based on the vaccine successes Consequently improves outlook on oil demand Therefore we see a price increase. However, On the technical side We see a strong rising resistance ahead. That is my target short spot From which I expect oil to retest falling ...
OIL SELL TP_31.40_19.20%_7.46pips_SL_41.17_5.94%_2.31pips
SELL OIL/USOIL for a nice short trade on the 4Hour chart. Targets as shown.