With the current geopolitical situation, oil has taken off. During the day, I have outlined the potential levels to watch out for. I will go in to buy if it breaks the 110.35 level with a TP of 112.10. You have the other levels to make decisions too.
First of all we see that the uptrend is not broken so far. They washed the longs out (red box), made a new high and then dropped with a "Scary Drop" to flush the new longs out again. Nice how they came down to the center line. Now, back above the CL, it seems that the Battery is loading again. However, the could make a new low of course. But in this current...
Oil has continued its tremendous ascent. We are well into the $100 handle at this point, with little in the way to suggest that it may turn back. We did see some resistance at our intermediary target of $110, but a strong burst of momentum smashed through this target and hit our next profit target of $116.61 to the tick. The next profit target is at $122, which...
DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading LIGHT CRUDE OIL...
Oil has soared and smashed through even our most aggressive profit targets. We smashed through 106, then hit 110, before finally coming up for air. A brief retracement appears to be finding support just above 106, so it does not appear that the rally is over, or even showing signs of pause. The Kovach OBV is extremely strong right now, as one would expect, but...
With the strong demand for travel, unemployment back at 3.9% and less travel restrictions this is where we believe oil will trade. Resistance Levels: $85 $83 $77 Support Levels: $66 $62 $60 $43 If we see widespread market selling due to what most are expecting a 15% correction or more, we can see oil fall below $60.
1. The slope of the blue slanted lines are derived from the two consecutive lows. 2. Then this line is projected to the next highest, and in time farthest point. 3. The slope catches the low of the -$40 level. 4. When projected backwards, we see that a high in the past is catched by the lines. 5. The lines catch the bounce. 6. A high potential target is the...
Oil has blasted off from yesterday's levels where it gapped up to the mid 90's. We found support at 95.24, and smashed through the next level at 96.88. After that, we made run back to $100, but are facing some resistance before that. The world is rearing from Russian supply fears, as it is in the top five oil producing countries (number two in 2022 right after...
Oil going to test recent highs after bearish divergence. Travel picking up after covid restrictions relax. Not professional. Comment your ideas please.
Hey traders, Due to a geopolitical sentiment, WTI keep rallying. Here are the next key levels to watch: Resistance 1 107.0 - 115.0 Resistance 2 140.0 - 148.0 I believe that the price may reach these levels soon. Take care, traders! ❤️Please, support this idea with like and comment!❤️
Oil topped out at just over $100 at the height of market panic over the Ukraine, but since it has retraced back to its comfort zone, finding support at $92.03. We are seeing strong support here from green triangles on the KRI, and a nice value area forming between $92.03 and $95.24 exactly, a previous high and former profit target. The Kovach OBV has crimped...
Howdy! How's it going? Weirdo markets right now in my opinion. But there's always a market we can play. Let's see what we have on Crude Oil: Isn't that price behavior wonderful? The max. excursion line marks the upper resistance on the weekly time frame. Go, watch crude on the weekly. There's a observation to make, right at the top of EACH of these turning...
Top-down analysis on WTI Crude Oil. Price action & structure. Trading recommendations & thoughts. ❤️Please, support this video with like and comment!❤️
showing the proposed contracting ending diagonal wave 5 within wave 5 of macro wave 5. Wave 5 within macro wave 5 began at $14.30. We finished a triangle b Friday and will get the final impulse next week. Get ready.
90 dollar is still the target
Oil has retraced sharply from highs. After rejecting 95.24, we smashed through the 90 handle entirely, testing 88.77, where we appeared to find support as confirmed by several green triangles on the KRI. However, another selloff took us past this level to the next level of support at 87.21. We do appear to be finding support at this level at present, but if...
Continuous Crude Oil - Weekly: Price action turning lower at weeks end. Using the most recent Swing high to swing low retracements has crude falling short of the 162% primary target at 99.61. The lagging indicator line (on the Ichimoku) is attracted to previous price action. **The lagging indicator does not drive future price action.... Think of it like a...
Oil has been red hot since the pandemic - many ask if they are late, and I do not think so. Reasons why I am bullish oil - Ecomm - shipping and freight are going to have to adapt to keep up w pace of adoption and need for quick deliveries. Primary source of transport across the oceans is still tankers. Underinvestment in hydrocarbons - we are not ready for...