Oil has been edging up, first breaking through $106, then $108. The latter has consistently been an upper bound for oil, but just yesterday it was finally able to crack this level. We broke out but topped off at $111 or so, just under our next target at $113. We are registering resistance confirmed by red triangles on the KRI. However the Kovach OBV appears...
Potential scenarios for WTI Crude Oil. Price action, key levels & thoughts. Your trading plan explained. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
a start for new trend (down trend). (like subscribe & share for more signals)
as you see the target is achieved. the price got to the green resistance. follow and share for live trading signals.
In an earlier (longer range) post, Crude to spike over USD150 this time... , Crude oil, energy were already earmarked for an upside spike in the coming weeks to months. Yesterday, due to a EU proposal to have a Russian oil ban including an embargo on crude in six months , it sent prices rocketing over 5% for yesterday. This rise was probably fueled further by...
Symmetrical triangle forming in July Crude Oil. This could lead to another up leg in the bull trend
CL today is going down to. this is not advice for investing and this is a short position. best lock
The relationship between dollars and crude oil is usually inverse. If the DXY breaks out of the local range, it should crash oils prices.
As discussed yesterday, oil formed an inverse head and shoulders pattern (with a slanted neck line) and broke out to higher levels, hitting our exact profit target of $106, where we are currently meeting resistance confirmed by a red triangle on the KRI. The Kovach OBV has picked up notably, but $106 is likely to be a barrier for now. Anticipate oil to range...
Crude aooears to have broken out of trendline resistance, particularly on the daily chart. Closing today above 107.60 would launch the next rally. Fibonacci projections set target about USD165, about mid-June. The weekly chart candlestick is also forming what might be a bullish candlestick with a long shadow at the bottom, suggesting upward momentum. Daily...
There is strong downwards price pressure which will need to resolve itself. The price targets listed above. Price needs to continue to bake. if you like this idea please upvote. Realistic picture of the market.
New market structure inside a mid wk reversal or second leg of 3 pushes to the low
Banning russian oil will create powerful price momentum for the WTI. This banning is very dangerous to our economy but president Macron has the key. I think Macron is going to be a next president of France again.
Is the Dollar fighting inflation for the fed by indirectly lowering energy costs ?
It looks like my prior post is playing out. In this dayli chart, we see that price got rejected from the white L-MLH. And now is trading back into the red Fork. This means, chances are super high that Crude Oil will reach the red centerline. From there a bounce is possible. #pitchforksaresomehowmagic
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 101.55 where the pullback resistance and 23.6% Fibonacci retracement is to our 1st support at 94.03 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the...
Crude bulls have been dominating in 2022 and running celebratory laps. May be time for pull back. CAD Divergence. Bullish longer term. Great buying opportunity.