Crude oil is retesting a solid horizontal key level. The price formed a cute double bottom formation on that and broke its neckline. Now I expect a bullish rally to 117.6 / 119.0 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
i'm just going to straight up say it, the top is in on oil. Very clean 5 wave impulse which had begun two years ago has finally been completed back in February. ---- predicting the crash of oil prices in the next few weeks. i don't drive, so i don't really care for it, but, it should give all those drivers a bit of relief. ---- conservative downside target =...
5.31.22 Follow up on an OIL trade, and ways to handle oil............................................................
after the breakout with force of this powerful resistance we can take a buy position
Oil has rallied significantly off news that the EU is planning to ban Russian imports of oil , despite the fact that Russia supplies 27% of the EU's oil and 40% of its gas. Crude oil prices soared off this news and we were able to smash through a relative high at $116. This was our target from earlier. Recall that last week, we noted oil's relative strength...
Just a quick update that the first trading day of a shortened week, in the pre-market hours, is seeing crude oil prices spiking in excess of 119. As previously mentioned, was already in the works for weeks. Now very clear. Hello to more runaway inflation…
For the past month or so, been talking about higher Crude prices in the making. Here we are closer to that... The Weekly chart closed at a monthly high, and with such gusto that it is the most bullish looking candle in the past 6 weeks! This came after many indications and warnings from weekly candlestick patterns and daily technicals as outlined previously in...
Crude Oil, Gasoline, and energy stocks are breaking out. These are the charts and trends we are watching most closely to confirm this breakout.
Oil has continued its rally, breaking through our level at $111 with ease. It is currently facing resistance in the middle of the vacuum zone between $111 and $116. The Kovach OBV has picked up sharply with the rally, but has since leveled off. We have few fundamental reasons why we should see lower oil prices, however if we do retrace, we should have support...
Little updates on Natural Gas... Forming Rising Wedge - Bearish Pattern RSI Divergence - Bearish PPO Divergence - Bearish Waiting for the break of the Trendline!
5.26.22 Lumber Oil Trades Part 1.............................................................................................................................................................................
Oil has been ranging in between $108 and $113, with consistent resistance at $111, which we have added as a new technical level. The value area has consolidated immensely, which suggests that we may be preparing for a breakout. There is no fundamental reason yet why we should see significantly lower oil prices, though China's renewed Covid lock downs weigh on...
crude oil was in very much danger this week from the beginning. However it reached to the safe zone. Which means next week will be very bullish to crude oil. EU couldn't make deal to ban russian oil. But eventually they will succeed to ban russian oil by negotiate with Hungary.
Bill Baruch walks you through some of the important charts he is watching and trading.
UNG is forming Rising Wedge Long term we can see its forming a perfect Bearish Head and Shoulder pattern Short term target is at $23 Mid Term target is $21 Long Term target is at $12
Oil has found support, and continued its broad zig-zag rally. We dipped down below $106 briefly, but found support and quickly rebounded past $108, into the vacuum zone between $108 and $113. The Kovach OBV is still strong, and there is nothing fundamental to suggest lower prices. As targets we have $113 then $116. From below, $108 and $106 should provide...
oil looking to do a dump calling it before its cool target 80
Previously bullish on Crude Oil, especially after it met expectations to break out of the triangle. However, it did meet resistance and failed with a gap down, pushing back to retest the triangle. At this point, pre-(US)market hours, Crude broke back into the triangle, which would be bearish in nature, expecting an exit on the other side to ensue in due...