Hello Traders! According to my analysis first, a second things it's what's happening in Saudi Aramco’s Jeddah oil depot hit by Houthi attack. USOIL will be go to a bullish movement start at Monday, as you see in my chart a bullish engulfing candle for a 3H and 4H time frames, on the 2H time frame we see that the bulls or buyers in control above the 200 moving...
Oil has hit our profit target of $116 to the tick, then retraced past our newly identified support level of $113. Currently, it is meandering in the wide vacuum zone between this upper bound and $106. We should see support from $106, but if not, there is no reason to believe that oil will give up the $100's any time soon. The level $116 seems to be providing...
Upside vs Downside interchangeably for short or long risk exposure at current flat front CL1! price. The IV stands at 73%, which is more conservative than the highlighted risk profile. Not a tradable setup; just for reference timeframes when looking for a bias. The median line, from which the % change is measured, is derived by using the Inside Pitchfork tool;...
Weekly/daily/4h time frame analysis on Oil. Price action, key levels & structure. Trading recommendations & thoughts. ❤️Please, support this video with like and comment!❤️
Hey traders, I was waiting for a quite long period of time to catch a bullish movement on oil after a pullback. This week the price finally reached a strong zone of confluence. From that, I was looking for a confirmation to buy. My confirmation was a double bottom formation on 1H time frame. I bought the retest of a neckline breakout. Great winner and...
Oil has gotten a lift from the mid $90's back to the $100's. We were able to break through $101, and are currently ranging in the vacuum zone between $101 and $106. The Kovach OBV has picked up slightly as oil has gained momentum. It is likely that most of the geopolitical factors are priced in, so we might not see an aggressive rally back to highs, but a...
Hello ladies and gentlemen, according to my graphical analysis of The Crude oil futures , there is a high probability of an increase towards over 119$ in the next few weeks.
Oil has continued its decline but the bleeding seems to have stopped for now as we have found support in the mid 95's. We have found support at $95.24 as confirmed by multiple green triangles on the KRI. Subsequently we have lifted to $100 which seems to be providing resistance at this point. The Kovach OBV is still bearish but does seem to be leveling off. If...
After its racy rush upwards into the red zone between $111.46 and $131.21, WTI has slammed on the brakes at the resistance line at $130.50 and turned around with screeching tires to race down into the orange zone between $96.40 and $88.38. There, WTI should finish wave a in orange and then ride a short loop upwards to complete wave b in orange. After this daring...
As expected previously, Crude Oil prices did a spike higher (blow off top) and in the past week started a mean reversion, a really mean mean reversion. Expecting support to be about 93 where the daily 55EMA is met, and also possible to spike down below 90 this week, or early next week. Support ranges are marked out in yellow boxes. While this is some relief, at...
Granted we are nearing all time highs for oil after being -$40 2 years ago... perhaps it's a rouse to shift attention away from alternative energies which are approximately 80% off their highs, a trap and longterm consolidation could bring this oil game straight down. Nearterm the future is uncertain, but how much can you trust something that went -$40 2 years...
Ladies and gentlemen, due to the price jump and the emergence of Squeeze, we expect the price to go down if the price of 95 is breached Crude has dropped to $106, but is holding strong at this level. News of the potential for peace in Ukraine has already lifted stocks this morning, and will put further pressure on oil which has already retraced from highs nearing...
LIGHT SWEET CRUDE OIL short big volume green end of trend & big volume red start of trend week
Crude has dropped to $106, but is holding strong at this level. News of the potential for peace in Ukraine has already lifted stocks this morning, and will put further pressure on oil which has already retraced from highs nearing our target at $132. The Kovach OBV has slid quite a bit, suggesting a bear divergence. We will see if the $100's hold as exuberance...
Oil has retraced sharply off news that OPEC is planning to oblige the demands of the west and increase oil production . We are still holding onto the $100's, but dipped by double digit percentages down to 106, where we found support. Currently we are seeing a nice pivot back through 112, with the price currently in the vacuum zone between 112 and 116. Russia...
Oil has topped out just below our profit target of 132. Subsequently, it retraced to the 120's, currently finding support at 120 exactly which might be a new technical level forming. The Kovach OBV is still strong, but does appear to be arching over slightly. The US has committed to banning Russian oil imports, which will not ease the soaring price of oil,...
Oil has blasted through our profit target of $122. It seems that we have to update our profit targets for oil on a daily basis. After it smashed $122, a wick made it as high as $130 before retracing. It then fell to $116, where a green triangle on the KRI confirmed support. Currently, we are seeing perhaps a bull wedge forming with an upper bound at $122. If...
Delicate situation with Crude Oil. Levels are almost to similar seen back on 2008. The price will definitely continue to rise if EU countries and other NATO countries don't find a new partner for Crude Oil. Venezuela and Iran are amongst the preferred choices to solve this crisis, but this could take a couple of months to see action from talks. Meanwhile the price...