Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
Hi guys! 👋🏻 🔔 Seems like oil restrained from the further downtrend. 🔔 Brent recently touched 100MA and an important dynamic support 🔔 MACD also signals an uptrend continuation of oil prices. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
It's great to see crude oil price drop after an insane high level. We might see a bit of a dead cat bounce before dropping back down again (we hope!) Estimate price would be about $97 for Brent.
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
OIL TRADE-> I am counting a nice 5 waves up, the wave 4 pulled back to 38%, the A wave did the 61% of wave 5 so far.. looking for a 1 to 1 projection of the C wave which matches a 50% retracement of the entire structure.... Therefore, TP to enter long is $110! The NEXT wave 3 is going to be absolute firework parabolic MAYHEM o.0 I'm PROJECTING 185 to 200,...
Soooo Oil opened with a gap up. The price violated key weekly supply cluster. The next resistance on focus is ATH. 144 - 148 is the area where the market is going right now. Look for an occasional retest of a broken structure to buy oil. ❤️Please, support this idea with like and comment!❤️
UKOIL is retesting the ascending support line From the ascending long-term channel once again and the horizontal support at 122.15 I expect the rebound to continue and rise to the supply levels above
Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in...
Previously, in what was hoped to be a blow off top, there was a need for crude oil prices to close the gap soonest. Well, it did... thing is, it closed the gap, only to reopen with gusto. In a Gap and Close, we know it is a reversal. In a Gap and Run, we also know that the gap may or, more likely, not to be tested, and prices continue the trend strongly. In...
Since the early 2000s commodities have had a major boom, a major bust and another boom which began in April 2020. The current boom isn't caused by the world going into the right direction and economies are booming, but rather we have major issues in the production of commodities. Globalization led to a massive economic boom post WW2, a trend that slowly started...
Brent crude oil is going parabolic, when will it stop? Is there another leg up or will it collapse soon? What's your opinion?
the USOIL price is near to the monthly resistance level 🔥 i predict a bearish move 📉 i'm waiting for resistance touch & breakout (sell confirmation)🧐 TARGET: 114.800 🎯 if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
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Technically, 0-2 and 2-4 trend lines touched and oil could stop here. Any push outside of channel by fundamental parameters will return below lines.
Brent has nice bullish pattern on Monthly chart. $180 is next target. Big brother please tell to OPEC something to rise oil supply in this difficult days.
In previous posts WTI and Brent were hesitant for grow or fall and i consider chance of falling is greater. But fundamental crisis happens and Crude oil broke all resistances. new analysis show that oil has powerful restriction in 127 USD but problems with Russia grow in future and i think oil will see prices ever sees.
#CDEV #WTI OIL IS BACK ON THE TABLE, political pressure and Russia self-suicide leadership may revive the american oil industry. The world needs oil and it needs it now! Let's see if this fallen companies can do monster profits this year