Hey traders, It looks like the channel that we discussed yesterday is broken. With a high momentum bearish candle the market closed below a support line of a rising parallel channel. I believe that soon we will see a bearish move to 87.0 level. ❤️Please, support this idea with like and comment!❤️
The price is moving in a downward channel towards lower targets. Support and resistance areas are marked on the chart. When the price reaches the green range, we have to wait for the reaction of buyers or sellers This is my personal opinion. Please do not trade based on my analysis and data.
Hey traders, WTI Oil is still coiling around a major rising trend line that we spotted on a weekly. Though we expect a pullback from that, from a current perspective, it is too early to short. The confirmation that you should look for to open a sell position is a bearish breakout of a support line of a rising wedge pattern. Only then a bearish move to 88.6 /...
usoil its easy setup you can enter after retest sl is same price that one d1 candle close above line
The correction for oil is likely to continue, but longs still remain a priority. At the moment, it is assumed that the price will not rise above 96 -98. BUY scenario: Long from level 94 is relevant now. Current prices, which are just above the 94 level, are also suitable for buying. Target level 96.10. ...
Given the cold season and the fall, I predict that oil will continue to work ascending
Several equities have reacted sharply to the suggestion that Russia is de-escalating its presence on the Russia/Ukraine border. As reported by Reuters, Russia has begun to move an undisclosed number of its troops away from the Ukrainian border after completing mock defence exercises. Even so, tensions have not entirely dissipated. NATO, US, and UK officials...
Here's the road Map we bought into GTE around .60c last year. Thinking this 1 will moon when inflation takes a firm grip into the price of oil and send a barrel over $130.
Price has flipped many times in the past at this price. Price is extended to the upside. Momentum has been diverging for the last 8 months. OPEC+ has reaffirmed their stance to increase production. Saudi Arabia and other countries production hasn't even been turned back on yet so they can increase it even more if need be. Global demand and consumer demand is...
-Price Continues to grind higher and higher. -OIL Is up +22% for the year making it one of the best-performing commodities. -News on Russia/Ukraine = demand oil. -Inflation. -Don't be the idiot trying to sell this thing with no confirmation. Yes, shorting 1min scalps is fine but I do not recommend trying to hold a short for over 24 hours.
Oil Markets are currently trading at the highest levels since 2014 after just reaching the 96 area. There has been a small retracement from this high to the current region (93.88). The RSI indicator on the higher time frames show very overbought levels which show that price could fall from this area down to the previous resistance zone. The target of this short...
Following weekly chart. As it's clear in the chart, 91.1 is a critical price for the brent. RSI support a short scenario, as all the stocks are on top, I am also on the short side. Let's see. We can expect 47$ for the target. We should stop if it close over 91.1
This analysis is purely a personal analysis Hints 1. This analysis is checked in the weekly time frame, so each of the waves has the necessary time to form between a few weeks to several months, and a total of one to two years. 2. For convenience, it refuses to go into details so that the trader can easily understand it. 3. The study was performed in the form of...
The price is still in the range 1.26660 - 1.27798 and most likely this accumulation will be realized upwards. The nearest target is the level 1.28370, after that the buyers will move the price higher to 1.29372. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Fixing the price above the level of 1.13740 will lead to an increase to the resistance level of 1.14735. Of course, the possibility is not ruled out that the price will not be able to recover above this level, and then the target lies at 1.12240, and until this level is broken down, the bullish potential for the currency pair remains. ------------------- Share...
"Black Gold" showed excellent results and the price closed above $94. However, soon the instrument will need a downward correction, at least. SELL scenario: The short entry point is expected to be found at the resistance line of the uptrend channel. You can enter both on a rebound from this line or after a false breakout, which will be a more conservative...
The rapid growth of oil continues. After reaching the level of 94, as expected, buyers have not calmed down and are aiming for new highs. BUY scenario: At the moment, longs are relevant, especially from the level of 91.08, where the support line is also located. The price is expected to re-approach the level of 94. ...