✅USOIL is going up from the Horizontal support level of 81.76$ Because it was oversold and I think that we will see a Further local move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
TP4 @ 113.90 (close all buys) TP3 @ 101.00 (shaving 50%) TP2 @ 91.50 (shaving 50%) TP1 @ 83.00 (shaving 50%) BSO @ 74.85 BLO @ 68.00
Hello,Traders! CRUDE OIL is trading in a Downtrend and is now falling From the resistance level 1 Other potential key levels are: Support 1= 72.8$ Support 2= 70.5$ Resistance 2= 92.8$ Analysis! Like, comment and subscribe to boost your trading! See other ideas below too!
✅CRUDE OIL broke a key level Which is now a resistance and went down Now, however, the price is making a pullback To retest the broken level from where It will most likely fall further down To retest the support level below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Some thesis: Oil is more than enough worldwide. Supply exceeds demand. Transition to electricity. Shale oil - another attempt to manipulate. Saudi Aramco - is the largest capitalization company in the world (another not a good signal for me). We can propose many fundamental arguments, but this is a virtual trading chart (little connect with the real life). It is...
Hello,Traders! CRUDE OIL is trading along the rising support And we are seeing a local rebound form the level So I think we might see a further move up Towards the horizontal resistance above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Tomorrow they will say that oil fell because of OPEC, Russia, Saudi Arabia. But this is not true At this chart, I show who is customer - Federal Reserve System And who is Contractor - City Bank, Goldman Sachs, JPMorgan Chase These are the three largest futures oil players in the market. The customer has only two goals - that the dollar grows stronger and...
Today, when I opened the chart, I saw a price of $12 for 1 barrel of oil. I remember when in 2017 I talked about this price. WTI We are now at the strongest support level. This is a minimum of a 35-year cycle. And according to my trading system, levels are now a great entry point into the market. But we can be at these levels for a long time Follow risk...
the market still has the power to test 27.84 AND IF IT WILL BREACK THIS point with power it could go around 29.43 but in generally the market still Bearish so . pay attention
With US and Saudi Arabian cooperation, likely Crude oil will be taken to approx. USD$10.50/brl. The Saudi's can produced for US$7-8/brl. Higher political agenda, means it will be pedal to the metal for Saudi Arabia (13 million brl output maximum from April), to eliminate Iran once and for all.
USOIL break up down trend line (white color) We tested long term support line Reversal pattern - double bottom Also I see potential pattern inverted head and shoulders, and now we forming right shoulder. If we break out MA200 in H4 chart we can reached 38.2% level fibonacci - 55$ But my long term vision of oil Best regards EXCAVO
The minor pullback is expected to follow this quick and huge drop. After that another leg down to follow to finish the whole WXY sideways correction. Y should tag the former low of W at 50.60 at least.
WTI Crude Oil Weekly Chart 16th January, 2020 Chart shows eventual downtrend target around $20/bbl or even lower. Only sustain trading above $72/bbl may negate.
Hey, ill keep it short and sweet. Saudi Arabia took a 5.7 million barrel a day production loss after an attack on one of its largest oil fields. Law of supply and demand... price goes up.
USOIL (April 16, 2019) Today idea for SELL (Weekly chart) Breakdown weekly candles. Profit and stop 2:1 --- Sell = $63.29 Take Profit = $59.91 Stop Loss = $64.77 ------ Take Profit = +5.37% Stop Loss = -2.34%
For a long time I didn't look at oil, but I see that we are approaching a strong resistance line that begins in 2008. I also saw an rising wedge - a reversal patterns. We will see this fall until April 2019. I do not know with what it will be fundamentally connected, I do not much look at the fundamental factors. But the fact that we will fall I'm sure. We are...
Could be a final fantasy's scenario for US$20/bbl or lower in months to come. As shown in the chart Crude may trade lower to as low as $72 area then higher to meet objective at $80/bbl. Let us see how the trend is developing!