Type: Bullish Momentum Resistance: 90.21 Pivot: 86.10 Support: 83.00 Preferred Case: The price is above the ichimoku cloud and breaking descending trendline, we have a bullish bias that the price may rise from the pivot at 86.10 which is in line with the overlap support to the 1st resistance at 90.21, which is in line with the overlap resistance and 61.8%...
After fake breakout 80% the market will accelerate to level 90.40 if the market break level 90.40 with force will touche level 97.54 NYMEX:CL1!
pitchfork IS A indicator for resistence and suppport i doit manuelle you can find him automaticaly but its not easy you have to learn it from me or some body else so its change to be easy
Oil has dipped into the $70's again, but has regained the $80's following reports that OPEC will cut production . We blasted through lower levels in the $80's, and are currently retesting $83.21, with a red triangle on the KRI confirming resistance. If momentum continues, we have several more levels to cross before our target of $85.55. Depending on how much...
Hi Everyone, Sorry For the late update, but here some update for you.: Beware of next move.. there is probability to get rebound and aim 88 - 110 and make range around that after some of country and Russia cut the oil Production. our last Ideas: i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i...
WTI Crude Oil opened with a nice gap today. What we know about the gaps is the fact that 80% of the time they are filled. To trade this gap, watch 81.3 - 81.5 horizontal support. It is a neckline of a double top pattern. Wait for 1H candle close below that, then short on a retest. Initial target will be 79.8 If the price sets a new high, the setup will be...
CL Sell opportunity Short term If you like my idea support me with like
Hey traders, As I predicted, WTI Crude Oil has perfectly respected a major falling trend line and dropped from that. We already caught 2 very nice winners shorting that. To catch a bearish continuation, watch 79.15 - 80.90 horizontal neckline of a head and shoulders pattern. We should wait for 4H candle close below that to confirm the breakout. Then shorting...
Oil has weakened with the price action rounding off at $83.21. We are currently seeing support at the base of the $80 handle with the level at $80.00 holding strong for now. We have several green triangles on the KRI confirming support. The Kovach OBV has dipped with the selloff, and we will need more momentum to come through in order to establish higher...
Hey traders, Update for WTI Crude Oil: the price finally retested the broken neckline of a descending triangle on a daily. On an hourly chart, the market formed a double top formation and broke its neckline then. It looks to me that WTI will drop soon. Goals: 80.3 / 79.3 ❤️If you have any questions, please, ask me in the comment section. Please, support my...
XOP - is in the same type of consolidation it has been TWICE prior to its' current location. It has already bounced off of $114 support level. I'm anticipating the price running to a resistance level of around $180 with a pull back which would launch it THROUGH the $180 level which it hasn't been over since 2015. If current market condition continue running...
Price action analysis for Oil Key levels and important structures to watch. Bearish outlook explained. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Persistent rececession fears have slammed oil. A momentous selloff has blasted through the $80's, digging deeply into the $70's, currently feeling out the high $77's at the time of this writing. We are getting support from just above $77.56, but are edging lower and things are looking very bearish. The Kovach OBV has pressed lower and is showing little signs of...
In this video I offer my train of thought as to why Oil might be en-route to target as ultimate cyclical target the $60. The OFA script breaks down what otherwise would be a very messy and chaotic price behavior into neat and visually clear waves. Remember the two key main features of the OFA indicator: Magnitude: A major clue that will help determine the...
Hey traders, WTI Crude Oil broke and closed below a major horizontal weekly demand cluster. I believe that it is very strong bearish clue and it may push the market much lower. The closest support that I spotted is 66 level. It might be the next mid-term goal for sellers. ❤️If you have any questions, please, ask me in the comment section. Please, support my...
Oil prices slipped below the US$85 per barrel level after the US central bank, the Fed, announced an interest rate hike. U.S. oil demand over the past four weeks fell to 8.5 million barrels per day (bpd), the lowest since February, according to the Energy Information Administration (EIA). On the other hand, there was a 1.1 million barrel increase in crude oil...
The WTI Crude Oil (USOIL) has been trading within a structured Channel Down pattern since the March 08 market High, following the immense growth after the COVID 2020 demand crisis. We have covered the Higher Lows zones since the November 02 2020 Low (green circle) and the March 23 2021 Low (blue circle) extensively over the past months on the higher time-frames,...
Thursday 22 September 2022 10:50 AM (WIB) Do not trap by the big macro pictures on the chart for now. Looks at the ascending box that seems the buyers still there. It is still mediocre box that could be draw as the Bear Flags.