Technician

Oil: Potential Short Term Directions

FX:USOIL   Crude Oil (WTI)
2334 11 58
Outlined on chart my playbook and potential scenarios for oil             in the short term(Few days).


For Daily Updates on Oil:Check out the Oil Forecast
Regards
Technician
If you dont want to miss any trade and see all the trades live, fully transparent. No bullshit like some others. Join my FREE channel here https://telegram.me/technician_forex_trades
moneymaking
9 months ago
Hey Technician, I really see oil staying on the low side of $30 level, especially after yesterdays statement of no cut in production from Saudi Arab prince, I believe. MY simple plan is to keep selling the rallies. All the BEST mate :)
Reply
piratachile moneymaking
9 months ago
Agree!!, also I opened long USDCAD
Reply
chartwatchers PRO moneymaking
9 months ago
Do you think they will announce to you when they cut?! LMAO.
Then price would run to 50 in 2 days.
They are already cutting production...
The USA and the EU needs inflation. Oil prices simply cannot stay this low anymore.
Mark my words: 15th Feb was the last day sub 30 oil prices. you will never see oil below 30$ in your life.

One more thing : if you think oil prices are set by Saudis you are wrong. The price 100% set by the USA.
Reply
Michelok PRO
9 months ago
Good too see this post. Also looking for it to get to 26 area. Lets see! :)
Reply
Yahia.Awes
9 months ago
Great chart, very clean.
+1 Reply
Technician TOP
9 months ago
Looks like the Main scenario (blue arrow) is evolving.
Reply
masterahmed Technician
9 months ago
nice chart where do you expect it goes after Friday
?
Reply
Technician TOP masterahmed
9 months ago
I expect more sideways fluctuations below 116.00. Before probably moving lower again.
Reply
masterahmed Technician
9 months ago
116 ?i am talking about crude oil
Reply
Technician TOP masterahmed
9 months ago
Ops sorry. I think we will probably see renewed downside this week.
Reply
masterahmed Technician
9 months ago
me too thanks deer
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out