Hey traders, WTI Oil finally reached our goal. What is next? Here are the key levels for you to watch: Resistance 1: 73.7 - 74.2 The price is approaching that area at the moment. Being quite overbought, we might expect a pullback from that. Next week I will look for a confirmation to short from there. I will post the update if I see a nice setup. Resistance...
Hey traders, WTI is approaching daily/intraday zone of demand. To catch a bullish move with a confirmation, watch a double bottom formation on 1H. 71.1 - 71.5 is its neckline. Wait for its bullish breakout (1H candle close above), they buy aggressively or on a retest. The first goal will be 72.9 In case if the price respects a neckline and sets a new lower...
Inverse Head & Shoulders chart target 84.20 Breaking through the neckline and entering support.
Technical analysis on WTI Crude Oil. Key levels & directional bias. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
Hey traders, Have you seen this bullish trend line breakout on WTI on a daily? Moreover, the price broke intraday local horizontal consolidation area confirming the strength of bulls. Now the broken expanding area between range's resistance and major daily trend line composes the demand zone. If you missed buying opportunity, that will be the area for you to...
$OIL has produced multiple bullish structures. 1. Bull flag (green) 2. Inverse head and shoulders (red) 3. And a probe above a multi-year channel is at hand (orange) The inverse measured move is noted, though I expect it will ultimately go higher than that.
Idea for Crude: - Oil at 40 year resistance. - Developed a Distributive UTAD pattern, which I shorted early. - The nature of this move suggests a reversal of the bullish trend. GLHF - DPT
Oil stil having a bull trend, it accumulate energie more than a week, clean zone until price 74$. I will by oil only when price will broke 70 and make retest so its confirm that our level is good and buyers trying to ceep price over this level. Stopp loss not more than 10-15% from ATR (arround 20 cents). Take Profit minimum 60 cents .Enterin only with law volatility.
If closes over ~4.93 resistance we'll have a breakout that suggests it'll run to 6.10-6.30 area. Has peaked first week of November the past two years $UNG $BOIL $KOLD #NatGas #OOTT #Commodities #Trading
IMO is the best looking oil company chart that I could find. The weekly pattern shows the possibility of a three week test of the low. This support level includes the 40 week moving average and the .326 fib retracement level. The wave structure suggests that we may be in the fourth wave of an impulse pattern, with wave five to begin soon. Often, wave five...
I was waiting for that moment for so long. Finally Crude Oil broke a rising parallel channel, confirming the strength of the underlined yellow structure resistance. Now I expect a further decline to 65.9/62.0 levels. If you missed the entry, consider the occasional retest. ❤️Please, support this idea with a like and comment!❤️
The technical view show how the value of crude oil is within a Bearish channel where the price has found two obstacles: The dynamic resistance of the bearish channel and the Fibonacci retracement 61.8%. The stochastic is in overbought with divergence and the volumes decrease, followed by a red candle that today breaks the moment of sydeways started on August...
WTI oil reached a major daily supply cluster. To catch a bearish move from that, follow an expanding wedge pattern on 1H time frame. While the price is trading within its boundaries, the market remains bullish. Bearish breakout of its support though will be a strong trigger to sell. First support for goals will be 66.0 In case of a bullish breakout of the...
An engulfing candle and its breakage by the first resistance line is an indication of purchasing power
hello traders today August 29 i share to my subscribers this chart about cl daily , in some words I will say that oil has been in a rising trend, now we are in a canal
i trade 1 min charts but i see this setup on daily Everything is planned
I trade 1 min charts I see this setup Everything is planned like and share my idea if you want me to continue sharing setups which actually make money