The CL daily time frame is in an up channel. The market is near the bottom of the channel. If support holds. It is expected the market to push bullish towards the top of the channel price point 123.77 about +1,465 ticks above the market. It will be a good idea to turn to the one hour time frame and to look for low prices in the buy zone.
We could see a pullback was arriving off the 4H NegDivs. It arrived but has more work to do. Commods were taken out to the commode and frushed of FUF. Pick one, they were all Skippy Red. NQ, beaten down, Gold looking sketchy at best, although it is attempting a consolidation - it should fail biggly - but will remain tied to the FED's push-pull non-sense. In...
Crude Oil to 97/98 area according to Trend-Based Fib Extension, and a strong DAILY support as shown on the chart.
When Oil collapses - an even larger Negative. Oour PO has been triggered. What happens next matters most.
Structurally, Oil looks to be moving higher in time. We see Early July as the pivot to higher after a potential dip in to lows to chase away the Retail Herd. China imported a record volume of Russian crude in May, with arrivals surging by 55 percent to nearly 2 million BPD. This has made Russia the top oil supplier to the world's leading crude...
a big price rejection occur when price touch the uptrend line, and with consideration to all the news price will continue higher and touch the previous high top at 126.30 FOLLOW, LIKE and COMMENT for more expectations
CL High-risk Initial Long. SL and TP on the chart. 10-20x leverage. Move SL on TP.
Okay was doing some fundamental analysis and saw a strange comparison with bitcoin and oil! CAN YOU BELIEVE IT? THE OIL GAINTS AND CRYPTO?!?!! So after some research it just appears that Bitcoin is just consolidating before we take off because once gas reaches $7 a gallon we won’t lag behind! INFLATION WILL ROCKET! And the white house already expects an elevated...
Okay was doing some fundamental analysis and saw a strange comparison with bitcoin and oil! CAN YOU BELIEVE IT? THE OIL GAINTS AND CRYPTO?!?!! So after some research it just appears that Bitcoin is just consolidating before we take off because once gas reaches $7 a gallon we won’t lag behind! INFLATION WILL ROCKET! And the white house already expects an elevated...
Revisiting Prior High @ 148.20, breaking it and moving to 175 - 185... OPEC doesn't dig the Joey B. MBS - Media Backed Shitstorm. BIDEN - Begging in Doom Energy Nightmare Brough to you by the WEF - Werewolves Engineering Failure. Silver Bullets? Nah, $7 / $8 / $9 / $10 Gasoline the goal. To add insult to injury, Biden will attempt the Miles Driven Tax.
Looks pretty clean, im bearish on commodities in general because theres gonna be not just a decline in inflation... but deflation too!
GOLD XAU USD 27 May 2022 For today, the current expected volatility is going to be below 1.5% with a chance of probability of 88% This is going to be translated in a movement of +- 27.6 from opening candle Taking into account the close candle price which was around 1850 we can consider our daily channel the next TOP 1878 BOT 1823 For today we have no big...
above green arrow we can buy with SL= 108.80 support ( if 108 support break , oil can see mini crash ) after oil touch green arrow , wait pinbar comes on 1hour 4hour or daily chart come or in 15min chart , price break last upper trendline , then pick low size buy , try hold it to 1630$ ALERT = oil price is over value , i belive oil fair value is 80.00 so...
Last week we saw correction across all the financial markets and WTI was no exception. Coming into the next week, there will certainly be a couple of opportunities to short OIL further down with the trend to around 106.00 before it starts shifting the structure to the upside.
Oil has had a massive bullish run since 2020 which was driven by pandemic followed by post pandemic demand in addition to the more recent geopolitical instability between Russia, Ukraine and NATO countries which accelerated the price to over 100$/bbl. Years of negligible reinvestment into new oil plays by the energy sector and ever expanding demand for oil should...
Short from 108, to 105, 104, 100. Please push like and subscribe. 80% of trades realised!
This is good for everything risk on, if it plays out.