How you can earn money from this ICT setup?
Here you are, please read the summary about Oil price below~
📈 Oil prices surged in early trade on Thursday, extending the previous day’s sharp gains on concerns about Middle Eastern supply following disruptions at a field in Libya and heightened tension around the Israel-Gaza war.
🛢️ Brent crude rose 33 cents, or 0.42%, to $78.58 a barrel by 0101 GMT, while U.S. West Texas Intermediate crude futures rose 40 cents, or 0.55%, to $73.10.
📈 Both benchmarks rose by around 3% to settle higher for the first time in five days on Wednesday, with WTI seeing the biggest daily percentage gain since mid-November.
🚫 On Wednesday, local protests forced a full shutdown of production at Libya’s Sharara oilfield, which can produce up to 300,000 barrels per day. The field, one of Libya’s largest, has been a frequent target for local and broader political protests.
💥 Also on Wednesday, nearly 100 people were killed in blasts at an event to commemorate commander Qassem Soleimani who was killed by a U.S. drone in 2020. Iranian officials blamed unspecified “terrorists” and vowed revenge. However, no group has yet taken responsibility for the attack. The U.S. has seen no indication Israel was behind the blasts, White House national security spokesperson John Kirby said.
🔥 Swirling regional tensions from the ongoing Israel-Hamas war also continue to support oil prices.
🚀 On Tuesday, Hamas’ deputy leader was killed in a strike in Beirut - the first strike to hit the Lebanese capital in almost three months of near daily fire between the Israeli military and Iran-backed Hezbollah that had been confined to the border region.
🚢 Shipping concerns in the Red Sea also remained after Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel. U.S. Central Command said the militant group had fired two anti-ship ballistic missiles in the southern Red Sea the previous day.
Technical Analysis:
As we can see there are demand zone and FVG near $68 to $70 since the middle of 2023.
Here is a sharp rebounce (Pin bar) on the demand zone. A good ICT Long setup for both Swing and Intraday traders!
📈 Oil prices surged in early trade on Thursday, extending the previous day’s sharp gains on concerns about Middle Eastern supply following disruptions at a field in Libya and heightened tension around the Israel-Gaza war.
🛢️ Brent crude rose 33 cents, or 0.42%, to $78.58 a barrel by 0101 GMT, while U.S. West Texas Intermediate crude futures rose 40 cents, or 0.55%, to $73.10.
📈 Both benchmarks rose by around 3% to settle higher for the first time in five days on Wednesday, with WTI seeing the biggest daily percentage gain since mid-November.
🚫 On Wednesday, local protests forced a full shutdown of production at Libya’s Sharara oilfield, which can produce up to 300,000 barrels per day. The field, one of Libya’s largest, has been a frequent target for local and broader political protests.
💥 Also on Wednesday, nearly 100 people were killed in blasts at an event to commemorate commander Qassem Soleimani who was killed by a U.S. drone in 2020. Iranian officials blamed unspecified “terrorists” and vowed revenge. However, no group has yet taken responsibility for the attack. The U.S. has seen no indication Israel was behind the blasts, White House national security spokesperson John Kirby said.
🔥 Swirling regional tensions from the ongoing Israel-Hamas war also continue to support oil prices.
🚀 On Tuesday, Hamas’ deputy leader was killed in a strike in Beirut - the first strike to hit the Lebanese capital in almost three months of near daily fire between the Israeli military and Iran-backed Hezbollah that had been confined to the border region.
🚢 Shipping concerns in the Red Sea also remained after Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel. U.S. Central Command said the militant group had fired two anti-ship ballistic missiles in the southern Red Sea the previous day.
Technical Analysis:
As we can see there are demand zone and FVG near $68 to $70 since the middle of 2023.
Here is a sharp rebounce (Pin bar) on the demand zone. A good ICT Long setup for both Swing and Intraday traders!
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t.me/strengthboosters
~2 analyses per day. With ICT setup for intraday trading
more than 100 pip per week —— Accuracy +80%
Let's follow up WTI together.
From the TA point of view, if current week Bar Closed above the last week High Price (74.243), a longer term uptrend start!
It is very similar to the first week bar of Jul last year - A bullish week Bar close above previous week Bar High.
Good luck!