WTI Crude Oil / USOIL is trading inside a Channel Down for almost 2 months. The recent Lower Low on its bottom is so far replicating the previous one on October 6th. Today's sudden decline made a symmetric pull-back as on October 12th. This is the final short term buy opportunity before the price approaches the top of the Channel and the 4hour MA200. A...
Preferred direction: SELL Comment: The Japanese yen also performed well, and it was shorts on this pair that allowed us to close the target on the previous trading idea. Now the bearish mood remains and in the near future the long-awaited level of 147.801 is expected to be touched. Near this level, especially below it, there is immediately quite impressive...
Preferred direction: SELL Comment: The euro worked out exactly our previous long scenario. At the moment, the growth is most likely exhausted in the short term and a pullback is expected. The rollback is expected to be towards the nearest support at 1.07750. This is the main scenario. The second scenario assumes that buyers will be able to gain a foothold at...
HELLO TRADERS !!! As i can see CRUDE OIL 🛢️ The anticipated OPEC+ meeting set for this weekend to a postponement to Nov 30th. The delay stemmed from challenging discussion between Saudi's and fellow members regarding oil production levels.... Saudi Arabia currently implements an additional 1 Million barrel per day output cut since July engaged in talks...
Gold gonna fall for too many reasons like Hawkish statements as well as good labor market report. Michigan Index, DXY recovery, FED officials statements are negative for gold. Technical breakout already done. eyes on 1995 and 1988. Lets conquer the market
Gold analysis still valid, we just experienced a much deeper retracement to the upside then expected. I’m still waiting for a strong move down (Wave A), then wait to enter on Wave B correction for a safe entry. Always sticking within the risk parameters for our Gold Fund investors🤝
#USDCHF UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair USDCHF. USDCHF will go high is the HTF. Reason behind this is that it formed a falling wedge pattern, a possible bullish move symbol, also we had a POI zone as well. We can get up to 400+ pips...
Gold in Focus: Interplay of Geopolitics and Market Forces Gold continues to command attention in financial markets, particularly as it hovers around the critical $2,000 mark. Early Wednesday trading sees the precious metal attempting to sustain its bullish momentum, awaiting key US economic data releases that could provide insights into the Federal Reserve's...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price bounced from $1985 level and rose to resistance line, after which it bounced and made strong downward impulse to $1945 Then Gold reached resistance line again and bounced lower $1945 level, which coincided with support area. After this, price...
#USOIL.. as you can see guys we short oil in yesterday and hold it with cut n reverse stop and in today market hitt our target zone and we take 200 pips. now market have 73.80 as major supporting area keep in mind guys if market did not hold his supporting area then a new era will start in oil price, and downsie we have 71 and then 68 as major areas, manage...
#USOIL.. now market at his very important resistance area for today. that is 78.50 keep close it guys. because if market hold it then a sharp drop expected below that level. if not then upside we have 80 and 81 as next areas. dont hold your buying below that level.. trade wisely good luck
Hi Traders ! Today, The USOIL Price Broke a Strong Support Level (75.55 - 73.89). This Support Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉. let's Wait For Retest ! ----------- TARGET: 70.50🎯
Double top and bearish flag forming. I think eventually is going to break through the neck line. I'm giving the puts some time bc we might have a fight between bulls and bears at the support. Today the market opened very high, so I'm buying my puts very cheap.
As We Talked in The Previous Analysis: The USOIL Price Broke a Strong Support Level (75.55 - 73.89). This Support Level Becomes a New Resistance Level. Currently, The Price pull back to Resistance Line, And Failed To Create a New Higher High. ----------- TARGET: 70.50🎯
You can see all the important levels and zones on the chart. If you have a question feel free to ask. 💡Wait for the update! 🗓22/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Overview: Another massive build on API crude oil stocks, conflicting with a big distillate inventory draw, and next Sunday OPEC+ meeting are the main factors driving the market to a stall awaiting the official EIA data scheduled today. Strategy: Neutral following the market. Our current position's Delta: -0.09 barely negative Last rebalance: at...
Check out my socials for daily analysis and updates for pairs such as XAUUSD & CHFJPY XAUUSD 2HR Range Analysis Following a reversal in the long trend which created the inner channel we have been in recently we have now got a solid rejection from the long term ascending dynamic s&r which validated the overall trend to push for new higher highs, having now been...
Brent Crude Oil Forecast 🛢️ TVC:UKOIL Recent sessions saw a surge in Brent crude futures, hitting the top of a descending channel and undergoing huge correction currently. This paves the way for potential fall from 82.00 to 80 then 79. The bearish trend remains strong as price got rejected from the 100-day moving average (4H timeframe). A break above 83 could...