Oil has fallen deeper into the high $80's following a selloff that broke monthly lows. We had very strong support at $92.03, and appeared to be seeing a double bottom forming, but the selloff knocked oil back a peg, smashing through multiple technical levels below in a persistence selloff that has taken us back to support at $87.21. We are seeing a green...
HIGH PROBABILITY THAT CL WILL BE SHORT UNTIL THE MENTIONNED AREA ; i recommend to keep selling cl
There are many news about monkeypox's outbreak all over the world. We have to be careful from now on. This outbreak will make ceasefire in Ukraine. If war stops, Biden's reserved oil policy will work and lowing the price of WTI MACD is also losing it's power again.
Oil is in the process of completing its wave 4 correction. Elliott wave principles stipulate that a shallow wave 2 (which is what played out in oil) is typically followed by a deep wave 4. Oil should find support anywhere between 80-85 but that should provide the launching pad to wave 5 which should take oil to $200
update on USOIL SPX500, Gold and BTC. Basically a dump and pump is what I'm expecting for the next few days
After one last surge, WTI has jumped below the support line at $92.93, its shout echoing through the chart. Now that it has begun the descent, it should continue it into the blue zone between $81.16 and $77.55, where it should finish wave 3 in blue. Alternatively, there is a 35% chance that WTI could gain upwards momentum again and could make it not only back...
Oil about to fall. Target between 61-63 as chart (more or less) Time: From the last week of August till the last week of September. So Price of Gasoline would stop rising. Bloc Party www.youtube.com
8. 2. 22 This is a follow-up on oil. I want to show you how to assess the market a little more objectively, and manage your trade decisions when you have more information. I would be a buyer in this market yesterday. Today is a little bit more complicated, and probability is working against my long position even though the market has not yet taken out Support....
ideas stated in the video. I think we're close to a turn, but another small run up is possible. Any pullback on gold might be a good long opportunity.
In this update we review the recent price action in the Crude Oil futures contract and identify the next high probability trading opportunities and price objectives to target
WTI Crude Oil is approaching a resistance line of a falling parallel channel on a daily. To catch a trend following move, wait for a bullish breakout of its resistance. You need an hourly candle close above that to confirm the breakout. A bullish continuation to 103.8 level will be expected then. Good luck! ❤️If you have any questions, please, ask me in the...
Strong jump today but completely rejected may signal a bearish move next week. Under 92 is the level the bears want to take out. Stops should be above the last high (about 102). Best to wait until monday to see if price continues down as weekend news can always be a wild card.
7. 30. 22 I think it would be helpful to review some of the points that were made yesterday on the oil charts before things happen, and I'll show you how just a little bit more information not only as clarity, but helps you organize trade and fries and also targets. Will was actually a difficult market to trade after the open, and after that video. you could...
Crude Oil futures appear to be facing some resistance about 100. It is clear that the 95 support level has been holding well, especially when the weekly 55EMA meets price at the bottom of the triangle. Daily chart tested 100 resistance to fail but technical indicators suggest that there should be more breakouts but not before some more consolidation. Wait for it.
Crude is running into trendline resistance and has reached its upside corrective target. It is a low risk short here at 99.20 looking for 96 initially
Oil has picked up again, breaking through $100, but finding resistance at $101. This is exactly what we anticipated, it just took a few days for oil to break through the resistance in the mid $90's. Our next target is $106, but it will take some momentum to get there. It is likely that we will hover in the low $100's to establish value. If we retrace, we will...
Oil rallied slightly, but is still maintaining the $90 handle. We shot up from support at $95.24, but fell short just below the target of $100, hovering around $99 at the time of this writing. The Kovach OBV is drifting up, suggesting a bull bias that could result in a breakout soon. If so, $100 and $101 are the targets. Watch for resistance here, and a...