CL Daily time frame is hitting the up trend line. Is support holds. We are expecting the market to U-turn bullish and create a new bullish trend towards all time highs.
Hey traders, Here is my latest structure analysis for WTI Crude Oil . Resistance 1: 88.9 - 90.4 area Resistance 2: major falling trend line Resistance 3: 96.9 - 97.8 area Support 1: 81.2 - 81.9 area Consider these structure for pullback/breakout trading next week. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please,...
WTI Light Sweet Crude Oil remains supported by channel structures below for this past week. Price has retraced back to prior to Russia invading Ukraine.
The terms "bullish" and "bearish" when used on Twitter and TradingView and in the media are more or less just poorly positioned synonyms for "going up" or "going down." Yet, it's a misnomer because some of the craziest pumps you'll ever see are during bear markets, and some of the craziest dump-a-thons you'll ever endure are during the most parabolic bull...
The price broke and closed above resistance. you can see buying opportunities. If you like trade futures don´t be forget support for more ideas. Any questions contact me. Thank you.
WEEKLY MARKET ANALYSIS - 9/12/22 (CLV2022) The GRAY descending support region currently @ 85.00 for this week can contain selling near term, above which the descending GRAY structure above @ 99.00 can contain buying strength near term. Upside, for this week, we'll be looking for price action to be contained by the GRAY descending channel above @ 99.00. A...
Oil bottomed out at 81.30, as expected. Oil prices are generally trending downward off recession fears and china coronavirus lock downs . We are seeing a small pivot off lower levels and an attempt to regain 85.55, which should provide strong resistance as it was a low tested several times earlier last week. We are starting to see strong resistance as we...
Weekly/daily time frame analysis on WTI Crude Oil. Price action, key levels & thoughts. Potential scenarios. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
we have a big down trend channel, NYMEX:MCL1! NYMEX:CL1! and we see the price move into the down channel, with a effect resort candel.
The standoff over Russia's gas and oil exports escalated on Friday after Moscow promised to close its main gas supply pipeline to Germany and G7 countries announced plans for price caps on Russian oil exports aimed at squeezing Russia's war chest in Ukraine. This latest closure of the Nord Stream pipeline, which Russia says will last as long as it takes to make...
Oil prices fell sharply on Wednesday (September 7th), slipping below levels seen before Russia's invasion of Ukraine as dismal Chinese trade data and growing fears of a global economic recession hurt fuel demand. West Texas Intermediate (WTI) oil futures for October delivery plunged US$4.94 or 5.7 percent. With lower prices this time it is a good opportunity to...
After the 114 level seems to be nailed, higher targets are on the plate. There is not much to say here. Price just roars further north. The A/R and Pitchforks project the highly potential price targets. Read again: "project", not predict ;-) Trade small, trade save.
Currently, petroleum trades casually, aggressively and also could not break the strong demand zone, which is a strong support.
Hi Everyone, Please see updated 4H chart, Oil already hit the support around 86 ready to test the key point at 90, if break there is likely 2 possible upside moment. as we can see the oil will make range until the fed release their new hike Interest rates. we also need see the next coming geopolitical movement from Russia , China and USA. The oil embargo will...
CL1! - Classic bearish pattern - Our team expects fall SUGGESTED TRADE: Swing Trade Short CL1! Entry - 87.23 Stop - 91.28 Take - 81.15 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️
Crude prices are oddly (well, perhaps not so) set to spiral down further below 80. Here is technically why it would... Light Crude Oil futures weekly chart show the recent consolidation around the weekly 55EMA, and that it appears to have broken down decisively, particularly closing at the lowest in the last 5 weeks. Technical indicators, particularly the RPM,...
Oil saw support at $85.55, confirmed by many green triangles on the KRI. As anticipated, we saw a nice pivot there, bouncing back just below $90. We are currently testing $88.74, but a red triangle on the KRI is confirming resistance. Recession fears, bolstered by the non farm payrolls headline miss, will likely weigh on the price, however supply side shortages...