Preferred direction: BUY Comment: Oil continues its steady strengthening, and the medium-term outlook for instruments is positive. However, now, most likely, the price will go for a correction, and it is expected that the instrument will reach level 92, where the balance for pushing is located. In addition, there is a small probability that the price will...
Hello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Weekly/daily/4h time frames analysis for WTI. Price action. Important key levels. Potential scenarios. Trading plan for next week. ❤️Please, support this video with like and comment!❤️
Since the last update, Brent has broken above the major Falling Wedge... And it's been on a quiet but consistent trajectory up. With the USD strengthening and with oil being an inelastic good where price has little effect on demand, means we can expect the price to continue to the first target. $100! We are in it for the medium term.
Oil Brent MN - The price has broken through the trend line at 87.51, which may indicate the beginning of an upward movement. W1 - We are observing a retest after the triangular formation and a breakout of the level of 87.51; for the price to move further upward, it is necessary to wait until the price consolidates at this level, which will open up the...
Preferred direction: BUY Comment: Yesterday's attempt to continue growth in the dollar was not successful; it only succeeded in taking a small part of the distance for all previously analyzed instruments. As for the Japanese yen, everything remains in favor of buyers, and we continue to expect short-term growth towards the level of 148.500. Thank you for...
In late July I made a call that oil's actual target in the imminent term is not $100+, but actually a 3 or a 4-handle. Oil - A New Long Leg Down Soon Begins I believe that this long term analysis is still correct. However, price action has shown that the target was finally the daily gap at $85 and was achieved last week. Thus far in some 7 weeks of...
A previous gold pattern could be in the making on the oil chart. If the similarity persists, oil prices may rise drastically
#BRENT Oil continues its steady growth on expectations of a reduction in supplies from the Russian Federation in September, as well as positive news from China. However, at the moment the price is starting to look a bit overheated and needs to be deflated. Against this background, I am waiting for a suspension and correction in the coming days. Nevertheless, the...
Breaking a strong one-year resistance level. boooooooooom
WTI Crude Oil broke and closed above a solid horizontal weekly structure resistance. The underlined blue area is also the neckline of a cup & handle pattern. That violation may push the prices much higher. Next goal is 90 - the round number, then - 92.3. For entries, consider the broken structure. ❤️Please, support my work with like, thank you!❤️
The oil markets have been something of a puzzle to everyone on account of the fact that they range sideways for long periods of time, move a little bit, decapitate one side of the market, and then range again. One thing I've been sure of is that after doing $120 post-Ukraine War, and after WTI literally hitting $0.00 ( $-40 settlements lol) this certainly was not...
Here is my latest structure analysis for WTI Oil. Resistance 1: 81.4 - 82.1 area Resistance 2: 84.2 - 84.9 area Support 1: 76.8 - 77.3 area Support 2: 73.9 - 74.1 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Preferred direction: Neutral Comment: A significant part of the profit on gold is fixed, in the previous trading idea we talked about buying it. At the moment, the deal is in breakeven, and as it was said, a significant part of it was fixed. There is still a possibility of a move to the resistance of 1920, from where the metal will most likely bounce slightly...
Preferred direction: BUY Comment: The buy scenario remains relevant. Additional pressure on the Canadian dollar has a downward trend in oil. Several important economic data are expected to be released today, both for Canada and the US. Undoubtedly, their results will affect the course. However, from the point of view of technical and volume analysis, most...
Preferred direction: SELL Comment: The previous trading idea for this currency pair is in progress and the nearest target is at the level of 144.900. Further, according to our previous plan, we expect an approach towards the level of 143. Thank you for like and share your views!
The count is revealing itself and by the look of the decline is not over yet. My analysis tells that we are about to experience another wave of selling. This is somewhat confirmed by what I see in precious metals and US stock market.
Preferred direction: BUY Comment: The currency pair remains under bullish control and local highs are expected to be updated. Level 1.35000 is currently the key support from which growth to 1.35500 is expected, and higher targets are also considered. Thank you for like and share your views!