Oil has pivoted from lows and made another run for the $90's. We have broken through $88.74, and fallen just short of $90.06, the barrier to the $90 handle. A strong rally in risk-on assets has benefited oil. If we are able to continue the rally, we could hit $94 again. If we retrace, expect support at $87.21 or $85.55.
Top-down analysis on WTI Crude Oil. Price action, key levels, potential scenarios. Trading recommendations. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
For Friday, 88.34 can contain buying through next week, below which 82.56 remains a 3-5 day target, the 76.97-78.08 region expected over the next 2-3 weeks. Downside Friday, 84.72 can contain intraday weakness, below which 82.56 is attainable intraday and able to contain selling into next week. A daily settlement below 82.56 signals 78.08 within 2-3 days, the...
11. 10. 22 I wanted to use the oil daily chart To show you two bar reversals and opening price trades with small stops. I messed it up a little bit near the end of the video, but the first 15 minutes or so I will show you the gist of what I was trying to focus on. Sorry about that. Remember colon it's something to look at if you're out of sync with the market,...
For Thursday, 88.48 can contain buying through next week, below which 82.49 remains 3-5 day target, the 76.97-78.01 region expected over the next 2-3 weeks. Downside Thursday, 84.72 can contain intraday weakness, below which 82.49 is attainable intraday and able to contain selling through the balance of the week. A settlement today below 82.49 signals 78.01...
Oil has fallen from the $90's after the rejection from $94 has taken the $90 handle entirely. We fell back to the high $80's, with $87.21 providing support, exactly as we predicted in these reports. Our floor for oil for now, is $85.55. The Kovach OBV is still surprisingly strong, though it has arched over a bit with the selloff. If we can pivot off current...
For Wednesday, 88.62 can contain weekly selling pressures, above which 96.05-96.36 is expected within 3-5 days a range of longer-term resistance able to contain buying through the balance of the year, once tested 76.97 attainable over that time horizon. On the other hand, a settlement today above 96.36 indicates 99.92 within the week, while a weekly settlement...
Oil topped out around $94 after breaking through our target at $92.03. We made a concerted effort for our next target at $95.24, but fell short just below $94. This was a high from the last attempt in early October, and may constitute a double top. We are not seeing a serious retracement, and are still holding the $90's. In order to press higher, we must break...
Analyse CL1! The price retest on the supply zone. My Target 81.91 For more details contact me. don´t forget like and support.I will be gratful👨💻.
For Tuesday, 88.76 can contain weekly selling pressures, above which 96.18-96.36 is expected within the week, a range of longer-term resistance able to contain buying through the balance of the year, once tested 76.97 attainable over that time horizon. A settlement today above 96.36 indicates 99.92 within the week, while a weekly settlement Friday above 96.36...
WTI Oil (USOIL) didn't just break above its long-term Channel Down pattern on Friday, but at the same time broke and closed above its 1D MA100 (green trend-line) for the first time since July 05. That alone is the second major bullish signal on WTI, after the September 27 rebound on the 1W MA100 (red trend-line). That is something we made clear on our previous...
As we have been predicting for a while, oil has broken out into the $90's. There are only so many reserves that Biden can deplete in a frenetic attempt to improve his tarnished image before midterms. We have smashed through $90.06, which provided strong resistance and was a barrier for some time. We are currently testing $92.03 which was the exact target we...
Here is a brief technical outlook for 4 instruments in my watch list. 1️⃣ WTI Crude Oil 🛢️ After a long-lasting bullish accumulation within an ascending triangle, the market broke its resistance on Friday. It looks like the market will keep growing. 2️⃣ NZDUSD 🇺🇸🇳🇿 The pair is very bullish since the middle of October. The price is currently approaching a...
For Monday, 88.90 can contain weekly selling pressures, above which 93.71 remains a 1-2 day target, the 96.32-96.36 region expected by the end of next week. Upside Monday, pushing/opening above 93.71 allows 96.32-96.36 intraday, a range of longer-term resistance able to contain buying through the balance of the year, once tested 76.97 attainable over that time...
Price action analysis on WTI Crude Oil. Bullish accumulation explained. Trading plan & recommendations. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
For Friday, 89.03 can contain buying through next week, below which 83.15 remains a 3-5 day target, 77.45 longer-term in reach in reach again over the next several weeks. Downside Friday, 87.30 can contain intraday weakness, while breaking/opening below 87.30 allows 83.15 intraday, where the market can bottom out into later next week. A settlement today below...
For Thursday, 89.17 can contain selling through next week, above which the 96.60-97.66 area is likely over the next 1-2 weeks. Upside Thursday, 92.59 can contain session strength, while closing today above 92.59 indicates 96.60 within several days, the start of a narrow zone of targeted long-term resistance up to 97.66 that can contain buying through December....
Because of the break of area x and the decline of the macdi indicator, it is possible for the price to reach area 1 and then it can continue its way towards area 2