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...
Oil has dipped sharply, as we anticipated yesterday. We have tested 95.24 several times, but red triangles on the KRI have confirmed resistance at every attempt. Subsequently, a strong selloff took oil prices back to support at 88.74, the exact level we called out in our reports yesterday. Also, as we anticipated, we are seeing support here, with an attempt to...
Oil has retraced sharply from highs at 95.24. A red triangle on the KRI has confirmed prohibitive resistance and we have sharply retraced, initially finding support at the next level below at 92.03. From here, we made a run for the next level below at 90.06, but have found support just above it. We have currently made an attempt to break past 92.03 again, but...
Oil has reached our target of 95.24, where a red triangle on the KRI confirmed resistance, followed by a retracement. We are seeing good support at 92.03, confirmed by a green triangle on the KRI. The Kovach OBV is still very bullish, with the brief retracement failing to budge it. Thus we have no indication of a reversal any time soon, and are still bullish of...
Oil picked up momentum falling just shy of our target at 95.24. We have since retraced back to support at 92.03, with a green triangle on the KRI signifying support just above this level. The Kovach OBV is still very strong, and we have no reason to believe that the bull rally should stop now. If we retrace further, watch 90.06 for further support. If momentum...
Oil has retraced from the 90's to 88.74, as we anticipated in our reports. We are extending the sideways correction that started forming after we rejected relative highs in the 92's, currently inching up above 90.00, just barely. The Kovach OBV is still strong, but has started to level off as oil ranges. There isn't much data to support a further correction,...
CL broke the oblique resistance and made the retest of trend and PP, we see the accumulation on the volume profile in the area of 89.43 and 89.67. The 90.89-91.01 area is the resistance area (rather polarity area) for CL to continue the bullish wave it needs to break it to go long with intraday and swing targets. The retest again of the support area or oblique is...
Oil has found support at 88.74, and prices did not last in the high 80's for long. We saw an immediate pivot from this level and have solidified the 90's once again, breaking through 90'06, our next technical level, with ease. We should see some ranging from here between 90.06 or 88.74 and highs or our next target of 92.03. The Kovach OBV is still very strong,...
Oil has retraced a bit further after a sharp rejection from highs. This is a reasonable technical retracement, bound to happen after such a prolific rally from the low 80's within less than month. We are seeing support at 88.74, confirmed by a green triangle on the KRI. The Kovach OBV is still strong, but has leveled off. This is another sign that the price...
@bitofamacroman @Bekiumuzi_Dube I am contributing "Swing Failures" to your analysis. Here I wait for lower highs to trigger the first Swing Failure and enter SHORT.