For Thursday, 89.17 can contain selling through next week, above which the 96.60-97.66 area is likely over the next 1-2 weeks. Upside Thursday, 92.59 can contain session strength, while closing today above 92.59 indicates 96.60 within several days, the start of a narrow zone of targeted long-term resistance up to 97.66 that can contain buying through December....
Because of the break of area x and the decline of the macdi indicator, it is possible for the price to reach area 1 and then it can continue its way towards area 2
WTI Crude Oil has made a break above the June Channel Down but still this isn't a long-term signal to buy. The key here is the 1D MA100, which has been keeping the price below it since July 05. If it breaks, we will target the 97.65 Resistance. Then the 1D MA200 will decide if we enter the bullish trend on the long-term again, or pull back towards the bottom of a...
Crude Oil Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 13.69%, decreasing from 13.8% of last month.
This is currently placing us in the 57th percentile according to ATR and 92th according to OVX
Based on this percentile calculation, on average the monthly movement for the candle(from open of the...
Oil has edged higher towards the $90's. We still haven't quite been able to break that threshold just yet, with a rejection just now at the time of this writing just below our level at $90.06. We are seeing red triangles on the KRI at this level. The Kovach OBV has picked up, so we will see if momentum can break us into the $90's, but so far $90.06 is a...
For Wednesday, 89.31 can contain buying through next week, below which the market remains susceptible to falling back to 77.45 over the next 2-3 weeks. Downside Wednesday, 85.07 can contain session weakness, while closing below 85.07 signals 77.45 longer-term support by the end of next week, where the market can bottom out through November, and above which the...
The 77.45 region can contain selling through November, above which 97.66 is attainable over that time horizon, able to contain buying through December and the region to settle above for signaling 2-3 months bullish continuation to 111.95, where the broader market can top out through winter activity. Downside, a weekly settlement below 77.45 indicates 68.50 by the...
US President Joe Biden will ask oil and gas companies to invest some of their record profits in lowering the cost of living in the country. Biden will ask Congress to consider requiring oil companies to pay a tax penalty. Biden has previously encouraged oil companies to increase production rather than use profits for share buybacks and dividends. The government is...
For Monday, 89.59 can contain buying through next week, below which the market remains susceptible to falling back to 77.45 over the next 2-3 weeks. Downside Monday, 85.18 can contain session weakness, while closing below 85.18 signals 77.45 longer-term support within 3-5 days, where the market can bottom out through November, and above which the 97.02-97.66...
Hi traders,
It was 1st week of posting the Day Trade Market Condition, the levels for the week 44th worked successfully. Hope the traders benefit from the daily posting on tradingview idea.
As I always like Jesse Livemore who trend follower, my method of trading base on my Dynamic Trend Channel which systematically update levels for day trade, for day trade...
WEEKLY MARKET ANALYSIS - 10/31/22 (CLZ2022)
The TEAL ascending support region currently @ 77.75 for this week can contain selling near term,
above which the descending ORANGE structure above @ 89.00 can contain buying strength near term.
Upside, for this week, we'll be looking for price action to be contained by the TEAL ascending channel above @ 94.25.
A...
in monthly we are in big move to go up
But weekly and daily we have to wait until it hits the trend line caus the story of this is that trend and we get rejection in resistance Zone
the we will look some signal as head shoulder or double bottom in daily time frime
to go long
in monthly we are in big move to go up
But weekly and daily we have to wait until it hits the trend line caus the story of this is that trend and we get rejection in resistance Zone
the we will look some signal as head shoulder or double bottom in daily time frime
to go long
As we have predicted, oil has made a run for $90. We came just shy of our level at $90.06, and have since retreated to the $87 handle. We appear to be finding support just above our level at $87.21. If this level caves, then $85.55 should provide support. The Kovach OBV is still quite strong so we will see if oil has enough in the tank for another run to $90.
Update for WTI Crude Oil.
In this video, we will analysis candlesticks together.
We will identify key level.
We will discuss potential scenarios.
❤️Please, support this video with like and comment!❤️
Oil finally broke out, which was somewhat of an inevitability as the price was consolidating for almost a week. We saw a triangle corrective pattern in the mid/low $80's, with prices stubbornly refusing to move as the rest of the markets have made great strides. Finally, we were able to break out and our analysis was on-point. Sure enough, $88.74 acted as a...
For Thursday, 84.47 can contain session weakness, 89.87 in reach and able to contain buying through next week, once tested the market susceptible to falling back to 77.94 within 2-3 weeks. On the other hand, closing today above 89.87 indicates the more meaningful 97.29 - 98.96 area within 1-2 more weeks. Downside Thursday, closing below 82.07 signals 82.07...
For Wednesday, 81.89 can contain session weakness, 85.07 in reach and able to contain session strength. Pushing/opening above 85.07 allows 88.47 intraday, while closing today above 85.07 indicates 90.00 within 2-3 days, where the market can top out through next week, and the level to settle above for yielding the more meaningful 97.57 - 98.96 area within 1-2 more...
