Preferred direction: SELL Comment: A potential medium-term sale is brewing for the EURAUD currency pair. At the moment, the key role is played by resistance at 1.66296 . The price, having already felt resistance, stopped its movement at the level of 1.66000 . Two scenarios for selling are proposed, where the more likely scenario is a preliminary approach...
Preferred direction: BUY Comment: Previous trade ideas for silver , where we considered selling, have been cancelled. Today, another strengthening of metals is expected. The buyers' target will, of course, be the local maximum at level 30 . It is best to set the target slightly below this level. As you can see in the chart, we have formed a clear...
Preferred direction: SELL Comment: An excellent situation has formed for oil in the short term. After the price falls below level 89 , the continuation of the downward trend towards level 85 is considered, where we set a target for this trading idea. Buyers are trying in vain to buy off the “bottom” of the market, but today the limit buyer dominates the...
Preferred direction: SELL Comment: For this currency pair, we continue to follow the medium-term sales, despite the fact that the price has risen a little more than we described in previous trading ideas. Today, the current levels are excellent for medium-term short with a target at the level of 1.37020 ( scenario №1 ), where the previous area of accumulation...
CRUDE OIL formed a nice double bottom pattern after a test of a key intraday support. The breakout of the neckline of the pattern is an important bullish confirmation. We can expect a bullish movement at least to 86.0 level. ❤️Please, support my work with like, thank you!❤️
Oil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices. Just over 1 million calls on the global Brent crude benchmark traded last week, surpassing a previous record, according to data compiled by Bloomberg. The volumes were focused on contracts at $95 and...
I think that now there is wave 2 of the big 3rd wave of the supercycle. So in a few years oil will break its highs.
Despite Iran's attack on Israel, the prices of Brent and WTI crude oil remained stable. However, in the event of a reciprocal response from Israel to Iran within the next 24 hours, the price of oil is expected to make a significant upward jump from its long-term trend line. Currently, the price of WTI crude oil is within its supportive range on the 4-hour...
Crude Oil is consolidating after a strong bullish wave. The price formed a horizontal range on a daily. Next week, wait for a breakout of one of the boundaries of the range for a confirmation. Bearish violation - a daily candle close below a support of the range, will give you a strong bearish signal. A bearish continuation will be expected to 83.0...
Preferred direction: SELL Comment: The US dollar continues to strengthen before the weekend, but there is a high probability of a downward correction beginning, and this concerns all major currency pairs. The Canadian dollar has one of the most interesting buying setups against the US dollar . The price is trading slightly above trend resistance, and it...
As gold and energies prices going up dips opportunities are good trades, entry is current market price, positions could added at the break of the counter trendline
Hola Traders, This is our Excellent master plan to Heist Bullish side of Crude oil barrels. My dear Looters U can enter at the any point above the green MA pullback area, Our target is Red Zone that is High risk Trap area. Put Stop loss in recent swing LOW. Dear Robbers we can steal oil barrells and finally sell in the commodities market then make money and take...
Crude Oil set a new local higher high higher close on a daily, violating a key horizontal resistance. It opens a potential for a further growth to 89.0 resistance. I would suggest looking for entries after a pullback. The safest zone to watch is a demand zone based on a broken structure and a trend line of a rising channel. ❤️Please, support my work with...
Detailed technical analysis for WTI Crude Oil. Price action & important key levels. Daily/4h/1h time frames analysis. Bearish outlook explained. ❤️Please, support my work with like, thank you!❤️
Preferred direction: SELL Comment: The Canadian dollar also perfectly fulfilled its medium-term sell scenario, which we gave earlier. Here, as with AUDUSD , in the short term, the sell-priority remains, and a fall is expected towards the level of 1.34500 , where the nearest support is located. It should be noted that the instrument retains the prospect of...
Here is my latest structure analysis and important key levels to watch on WTI Crude Oil. Resistance 1: 85.20 - 85.85 area Resistance 2: 89.10 - 89.90 area Resistance 3: 93.75 - 95.00 area Support 1: 82.50 - 83.10 area Support 2: 80.00 - 80.60 area Support 3: 76.80 - 77.80 area Support 4: 75.50 - 76.20 area Consider these structures for pullback/breakout...
Strong support (major pivot) and bullish technical indicators.
🔸Hello traders, let's review the daily price chart for UKOIL. Speculative XABCD in progress, with 20% upside potential based on the current price action / fundamentals. 🔸XABCD structure is defined by point X at 95.60, point A at 73.20, point B at 92.50, point C at 77.00, point D/PRZ at 105.00, currently most points validated, point D/PRZ pending in May/June 2024...