nothing to see here folks oil selling off on virus worries also a little seasonality Biden dipping into the strategic reserve should push this higher could go down a little more first low oil price should do good for airlines but the virus is hindering that so not a chance
Oil had a brief attempt at a rebound in the 70 handle, before crashing right back down to the 60's. We alerted you yesterday that the relative low was somewhat auspicious at 67.91. This is exactly where we are hanging on by a thread at the moment. The Kovach OBV is solidly bearish, and fears over the Omicron variant have weighed on demand considerations. If we...
enter: 71 target: 74 stop loss: 69.5 It's at the bottom of the big channel. Looking for a rebound. good luck
Oil has plummeted over continued issues on the supply and demand side. The Omicron variant of the coronavirus has impacted demand considerations as global governments consider yet another wave of lockdowns. We smashed through the 70 handle, but found support at 67.91. After a green triangle on the KRI confirmed support, oil was able to regain the 70 handle, and...
es to down 1 divergence in chart and rsi 19 break in the channel in 4 hrs IN Blue and break in the channel in the time frame 1 day in yellow color and high volume and break in moving average 209 I think es hot to down
If you haven`t sold the top: Then you should know that the Head and Shoulders Bearish chart pattern is confirming. My price target for WTI Crude Oil is the 62usd support! Looking forward to read your opinion about it.
After the sharp drop, we expect a correction and a return to the correct price
Oil has rallied, breaking several resistance levels in the 76, and 77 handles. We have tested 78.90, but appear to be rejecting it. There are several red triangles on the KRI here, indicating strong resistance. Currently, we are in the middle of the range between 77.56 and 78.90. The Kovach OBV has leveled off suggesting we are seeking to establish value here....
Hey traders, WTI Crude Oil is approaching a key daily demand zone. 73.0 - 75.0 is the area on focus. To catch a pullback from that watch a falling parallel channel on 6H time frame. Your trigger to buy will be its bullish breakout. Then buy aggressively or on a retest. Goals will be 79.1 / 81.3 In case of a bearish breakout of the blue zone, the setup will...
Top-down analysis on WTI Crude Oil. Key levels & price action. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
As I predicted, WTI Oil is falling nicely. Here are the key levels for you to watch: Resistance 1 84.5 - 85.5 supply area Support 1 73.0 - 75.0 demand area Support 2 61.5 - 62.5 demand area Key levels give us the safest trading opportunities. Patiently wait till one of them is reached. Then look for a confirmation to buy/sell safely. ❤️Please, support...
enter:78 stop loss: 77.5 TARGET: 79.6 good luck
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On the way to Sky, clearly the current and future scenario is affecting and distorting the supply and demand for oil, less is produced, but more is required, it is desired to replace but there is still no plan B in the morning.
Hey traders, As you know, for the last two weeks I was very bearish on OIL. Spotting the overbought state of the market I was looking for a channel breakout trade. Once the channel went broken, I was looking for a retest of its broken support to short. The price formed a cute double top formation with a lower high retesting the broken trend line. My trigger...
Because of the price decline, and according to my analysis of modest art, I expect a sharp drop in the price
Because of the price decline, and according to my analysis of modest art, I expect a sharp drop in the price Significantly reduced price from 82.39 to 79.22
Hey traders, Important update for WTI Oil. The price managed to violate a major rising wedge pattern to the downside. Its support was broken and a daily candle closed below that. Now the broken support serves as the point for sellers to sell from. I expect a bearish move from that. Goal - 77.00 ❤️Please, support this idea with like and comment!❤️