After breaking RED trendline, OIL price will increase dramaticly A Pullback is possible
Shorting oil, based on analysis of past weeks, oil is failing to go higher. Also, I'm ICT trader. Entered Brent on 111.495 average
totally holding on to this making iy a 1:6 RR. This is a continuation of the post before this, too bad I was way t early on friday, still holding on yo that bit. I really wanted to short 114.45 but I thought we wouldn't get it, Today we did.
INVESTMENT CONTEXT According to the minutes of the latest Federal Open Market Committee meeting held in early May, policymakers remarked the need to keep raising the Fed's interest rate, noting that "a restrictive stance of policy may well become appropriate depending on the evolving economic outlook and the risks to the outlook" Russia heavily cut...
Brent is currently glued to the resistance at $114.74, where it has finished wave b in blue. However, we expect it to let go of this mark soon to fall into the turquoise zone between $101.67 and $99.83. There, it should complete wave a in turquoise and move back above $104.67 afterwards to finish wave b in turquoise. After that is settled, Brent should gradually...
crude oil was in very much danger this week from the beginning. However it reached to the safe zone. Which means next week will be very bullish to crude oil. EU couldn't make deal to ban russian oil. But eventually they will succeed to ban russian oil by negotiate with Hungary.
We will go long as long as the price breaks the 114.0 level, supported by a trend line break. Enjoy it.
The pattern possibly will happen soon on WTI - Usoil . maybe 120 area will get higher around 130 next. Reason: Summer Russia War technically
Currently, Crude Oil is trading near its strong resistance 114.5-116.5 USD/BL. Technically, there are chances that it may cool off to its major support around 100 USD/BL. On a flip note, if the price breaches the resistance, then the crude oil may re-test 140. Hit the like and follow button to help me build an audience.
💬 Hi traders. I use the supply-demand method for my analysis. Check the lower timeframes for confirmation and entry. (5m,1m) 💬 What do you think about this setup? 💬 Everything I share is how I trade personally. 😉 Enter the trade by checking yourself.☑️ Do not put more than 3% of your capital at risk! ❌
oil spread at decade lows... european oil much more likely to spike due to russia. low risk arb opp given nature of spread.
💬 Hi traders. I use the supply-demand method for my analysis. I expect the price will reach the red line. In the long-term, Brent will reach 120 $. 💬 What do you think about this setup? 💬 Everything I share is how I trade personally. 😉 Enter the trade by checking yourself.☑️ Do not put more than 3% of your capital at risk! ❌
interesting correlation between the vix & brent crude with economic recessions & "booms" through the years
Uk Oil made a steep drop to the support level / trendline and then made a double bottom with bullish divergence. Based on the above we can expect the price to gather bullish momentum this week to clear 112.7 and achieve 116.30 initially.
Oil is ready for a pull back($20-25) before commencing a great BULL RUN to $100 + perhaps as soon as Dec (2020) to Feb (2021)
It looks like WTI broke and closed above a key daily structure resistance. Now the market will most likely go higher. The next resistance on focus: 114.3 - 116.6 area ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️