Oil has tumbled, giving up the $90's entirely, and plummetting deeper into the $80's. We have breached $90.06, and several levels after that in the upper $80's. In particular, $87.21, our target from yesterday, was hit exactly (to the tick) and is currently providing support confirmed by a green triangle on the KRI. If we plummet further, our next target is...
Oil plummeted off recession fears , rejecting the mid $90's. Technically we are already in a recession (by multiple metrics) but our puppet masters would like us to think otherwise, constantly chasing hope like a carrot on a fishing pole. We slammed past multiple levels in the $90's, giving up the $90 handle entirely. We are currently testing $88.74, with the...
Wholesale gasoline futures could be telling us that the driving demand is bad and just not there to support these high prices. War and geo politics is pushing Crude Oil prices up as well as the heating related products, but gasoline is trading on its own forces currently. With the rejection at around 4.00 a gallon, is the support here or are we destined to look...
They came up to test it this morning, but couldn't overtake it again. As of now it looks like a stop hunt and reversal. So now, this is a short unless they can get it back over 96. OIL stocks also pulling back hard - I expect a big whoosh down in the oil sector unless they can get it above 96 soon. Good luck!
Oil has made a run for higher levels, testing the next level above $95.24 at $96.88. US oil reserves are at lows not seen since 1984 , as the Biden administration hastily digs into reserves to frantically buoy prices before midterms. Nevertheless, we are still trekking closer to the $100 mark. If we are able to break through $96.88 then $100 is the next...
CL1! broke the falling resistance Which turned into a local support And as the pair is retesting the level now I think there is a high chance To see a rebound to the upside
OK, the last video for the week after the markets got murdered today. Unfortunately I was being optimistic and got caught in a loss - it happens. Other trades are looking good - OIL, BONDS, WEAT especially. BTC looks like it's ready to drop, Gold may too. Both being pressured by the US Dollar. The Dollar rally will continue to make headlines. OK have a great...
Jackson hole this week may be interpreted as dovish - a sell down today may set up a C leg tomorrow for Powell's speech. Breaking below 4100 and we've got a better short signal on the market. Oil continues it's struggle with 95, no decision yet. Bonds need to reverse soon. Weat looking good but no breakout confirmed just yet. GOld, looking better and could get up...
If they don't break 90, it's a buy. Inverted head and shoulders points to a target of 104-105. If the market rallies from here, Oil likely will as well, but we'll see about both quite soon. My feeling is it should continue up to correct the massive move down and this is the price to try a long. Good luck!
Oil saw strong resistance at $95.24, the relative high we called out yesterday. After testing and rejecting this level we saw a brief ratracement, finding immediate support at $92.03, the next level down, as we anticipated. We should see further support from $90.06, the base of the $90 handle. If prices pick up, we must solidly break $95.24 and $96.88 before we...
CL1! - Classic bearish pattern - Our team expects pullback SUGGESTED TRADE: Swing Trade Sell CL1! Entry Level - 95.26 Stop Loss - 101.39 Take Profit - 86.05 Our Risk - 1% Start protection of your profits from higher levels. Like & Comment Our Analysis, Please! ❤️ Please, support our work with like & comment! ❤️
95 reached overnight. Now the question is - do we reject here? or do we consolidate these recent gains? Bulls want to see consolidation here for a day or two to build energy for the next target - 104. Bears want to see this level be the last stop on this counter trend rally and a swift rejection today. I'm expecting more upside with the 4 hr bullish divergence,...
Oil has run into overhead resistance at the 50 DSMA after an impressive 5 day run off the most recent lows. Does it now cower in the wake of a hawkish Powell at Jackson Hole later this week, or does it say Come and Get Me, Big Guy?!
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me. Analyse technique CL au 24.08.2022
Fractal Analysis Cycle analysis Nodes, Symmetrical legs, HHR, Lips
Oil has rebounded into the $90's after establishing a solid value area in the high $80's. It seemed like prices were finally coming down, when we saw a nice spike back to the $90's, reestablishing value above $92.03. We are currently testing $95.24, but a red triangle on the KRI may indicate that we are running into resistance. If we can break through then the...
A large sideways consolidation could be over with an Ending Diagonal in the wave C. The minimum target is to retest the previous top of $138. RSI is breaking above the 50 "waterline" into a bullish area.
Might be a short covering day. Everyone is convinced the turn has happened, and that may be true - but the RSI signals bother me. OIl looking better, Weat as well, Gold is meh, BTC might get interesting