➡️ "Black gold" rose to 111$ ahead of the long weekend. At the moment, oil is in the green zone, which seems to make sense amid expectations of tough conditions in the global market amid supply disruptions to Russia. Trading was rather thin in global oil markets on Thursday amid a slowdown in related news flow and as traders wind down ahead of the long weekend...
➡️ A small update to Friday's oil short idea in a new idea format. The priority of shorts remains, the fundamental reasons remain the same, but a larger perspective, of course, should most likely be expected to go long. Technically, at the moment, the actual short. One can open short from the current levels ( ~111.50$ ). The target of the fall will be the level ...
Almost the same as what will happen with WTI (USOIL) , Brent (UKOIL) will experience a weekly price correction marked by the Overbought RSI indicator, and with a profit target of $73 in the Demand Zone.
BRENT OIL SHORT TERM AND LONG TERM ANALYSIS. Here in this analysis we have the road map of BRENT OIL. There might be a huge decrease in the price of this commodity be aware of it.
My Oil forecast. Be prepared for a huge move in it. Good trades for everyone.
I have been awaiting of LONG move in Oil -0.86% for a long. Hope it going to be closer now. Let's see how is going to develop.
As you can see Oil slowly returns to a huge Ascending Channel which has started in 1999. As long as Oil is inside of the Channel (or close to it) I am great believer of Oil rise. Due to a symmetry I suppose that we could see a huge move till the top of the channel with possible break (or not?) at a middle of a channel. If this setup comes true you were bought at...
I suppose that Oil has returned to an Huge Ascending Channel (look my longterm view). However, it is now situated in a Descending Channel and while it is inside of it - the decline view should be in a priority. If Oil rise till the top of this channel - prior attention to it - because there is strategic question could be solving - if Oil rise or fall. Remember...
I don't have experience in arbitrage trading because I personally prefer high risk trades. However, this setup looks to be very interesting. A triangle seems to be broken and a difference probably rising. If I open Oil LONG position I prefer to keep Brent instead of WTI.
And so, Crude spiked, and well above 100 as expected . This defying feat was not quite aligned to the weekly technical indicators, I must say. Nonetheless, the weekly candle itself had bullish lower tails and ended the week near the top. So, appears to continue spiking... perhaps above USD120, at least. The daily chart is rather interesting to me... on Mon, it...
Crude Oil is one of my favorite assets to trade . My trading strategy on the commodity is about waiting for the price to reach key levels, then waiting for clear corrections in those areas, and finally developing setups on the breakouts of those structures towards the next relevant support/resistance level. The timeframes I use on Crude Oil most of the time are...
Here is how I see crude going down to 30+ zone into the end of this year. 1-2 / 1-2 set up is almost complete, we should see a strong move down starting end of April/early May. First support is 70+ zone, then 50, and 30 to complete the whole structure. I expect a long lasting (10+ years) bullish trend afterwards.
A break of down trendline, may we see a change in direction of price to the up side. lets buy BLACKBULL:WTI at current price.
USDWTI H4 We have pushed 2R on this setup from that solid daily push yesterday all throughout the day, very clear and consistent, minimal drawdown and minimal pullbacks. However, we are still cautious of this H4 bear trend which has been marked. A slight pullback to the zone indicated would be healthy, for a second bullish attempt to set a new higher high.
Leaving the channel and the target are 114, 120 and 130 The long-term goal is $ 200 This is just an analysis
Prices are on bearish momentum and abiding by a descending trendline resistance. We see the potential for a dip from our sell entry at 102.02 in line with 61.8% Fibonacci Projection towards our Take Profit at 95.38 which is graphical swing low. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this...
For the last three weeks, WTI Crude Oil is very bearish. Recently the price broke and closed below a strong rising trend line and now is approaching strong horizontal support. Here are key levels for you to watch for oil trading: Support 1: 93.2 - 95.0 area. Support 2: 86.6 - 89.7 area. Support 3: 72.5 - 75.3 area. Resistance: vertical trend line. Resistance...