WTI Crude Oil materialized our 78.50 short term target (chart at the bottom) and crossed under the 1D MA200. This is a breach of potentially serious consequences as it also breached the 1W MA50, so we need to monitor the closing on a weekly scale. If it closes under it, the bearish trend is very likely to be extended. The formarion of a MACD Bearish Cross on the...
What a pump on WTI Crude Oil. Following the geopolitical tensions, the market bounced nicely on Friday. Ahead I see a strong daily resistance: 88.4 - 88.6 area is the last resort for the sellers. If the price breaks and closes above that on a daily next week, it will be a strong bullish signal for you. You can anticipate a bullish continuation all the way up...
WTI Oil opened with a huge gap up due to the Israeli - Palestinian conflict. As you know, the is always up to 80% chance that the gap will be filled. For us, it can be a nice shorting opportunity. To trade that with a confirmation, focus on 84.5 - 85.0 area. That is a minor intraday support that is based on gap close level and recent historical price...
Oil Dropped heavy last week as we began Q4. Ultimately looking for higher prices for this quarter and as we enter the coming week. I talk about my favorite prices and reflect on past price behavior.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
U.S start to sell oil reserves and maybe we will see oil prices under $80 level...
EMA going to push price to 95 in coming days. 50 crossing 200 very bullish good risk management setup can bring best returns
Is WTI going to suffer the same fate as Natural Gas ? Endearingly referred to as Natty ? Well the good ship Natty got REKT last week. The long side which was overcrowded, overleveraged caught the "to da moon" bagholders off guard . Stunned whilst spitting out the kool aid they were seen gasping for air when the dead cat bounce rocked the boat ., Natty...
The WTI Crude Oil is rebounding since the MA50 (1d) held and is rising towards the MA200 (1d) which had the strong rejection last week. The upside can also be limited by the MA50 (4h), which is now at 80.30. The long term pattern remains a Channel Down so selling this short term spike is best. Trading Plan: 1. Sell between 79.00 - 80.00. Targets: 1. 74.00 short...
Multiple time frame analysis on WTI Crude Oil. Price action & important key levels. Trading plan explained. ❤️Please, support this video with like and comment!❤️
The price of Crude Oil gapped 6% on market open tonight & moved up 460 PIPS😳 What a crazy move! This was caused on the back of Saudi Arabia & OPEC announcing further Oil output cuts of around 1.16 million barrels a day. This is their way of fighting back against the U.S. & punishing them. This'll create immediate price rises in the United States, then also follow...
WTI Crude Oil hit the MA200 (4h) today for the first time since March 9th. We got our target hit from buying at the bottom (chart in the end of analysis) and now we are switching to selling as the price is closer to the top of the 3-month Channel Down pattern. Trading Plan: 1. Sell on the current market price as the price completed a +16% rise, matching the...
Hi Snipers, Please refer to the recording for the next price levels and scenarios. Thanks MS
USOIL, we have price breaking out of the ascending channel and currently in the impulsive phase
Hello traders, today we want to update our Crude oil chart compared to USDMXN currency pair from October 06. As you can see, Crude oil remains nicely bullish after we spotted a bullish reversal out of the wedge pattern. At the same time USDMXN pair is breaking out of bigger bearish wave B triangle pattern. Well, Crude oil is now trying to continue higher within...
✅USOIL is set to retest a Strong support level below After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Crude oil has been trading south for the last couple of months, but the price action is not so strongly bearish anymore and the wave structure is getting overlapped. It means that Crude oil is running out of steam within an ending diagonal (wedge) shape. Well, with current break out of that wedge pattern and with recovery above the upper ending diagonal line,...
Here is my latest structure analysis for WTI Crude Oil. Resistance 1: 88.9 - 90.4 area Resistance 2: major falling trend line Resistance 3: 96.9 - 97.8 area Support 1: 81.2 - 81.9 area Consider these structure for pullback/breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️