After completing wave ((3)) currently making into Wave ((4)) in my view its making Double correction which may take down to @ 4850 - 5000 Level. After which can resume its uptrend for Completing Wave ((5)).
Its currently on a verge of breaking trend line which is honored since may20. However it should bounce once to make 3 wave Up for making ((x)) before turning...
Crude Oil has lost both Momentum and Trend.
Now that the 75.62 has broken, the 72.08 to 66.60 Range
is now Open to Trade.
Price had broken Momentum and Trending Clouds with an
outsized move Lower - Exceeding the 3%, 5% ranges.
A 7 - 8% Drop can be Anticipated after the Retracement.
OPEX Meetings - concluded without a great deal of Clarity
as Russia held firm...
This is my AUDNZD Long Idea
I am expecting it to push upwards in the next weeks.
We'll see what kind of price action we get through today and then I'll make a new video explaining the next move.
Peace!
Be you! Be supreme!
USOIL seems to stabilize in range between 75 USD and 79 USD. Currently, it trades around 78 USD; and we are closely watching technical indicators as they continue to point to the bearish condition. Current state of oil coincides with the recent set of bearish news regarding realese of the strategic oil reserves by the U.S. and its allies. We do expect the OPEC to...
On 25th October 2021 USOIL reached our price target of 85 USD per barrel. After that we announced that we would not be surprised to see shortlived correction since USOIL reached overbought condition in the short-term. Now it is clear that price retraced from high of 85.39 USD to as low as 80.62 USD today. It is likely that correction will continue little longer...
Traders, This analysis and trade idea is on UKOIL (Brent) because I personally find it easier to trade due to few reasons. But USOIL (Crude OIL) and UKOIL usually run in the same directions with minor differences. So if this analysis works out, you can apply the same for USOIL too.
USOIL fell from our levels as you will see in the attached idea. This has been...
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...
Idea for USOIL:
- I find it difficult to believe in the energy crisis narrative. I trust the currencies more.
- DXY's rise will create a deflationary bust.
- In time series, seasonality dominates correlations. WTI facing headwinds of bearish seasonality .
Speculate a short term top at least and reversal. Going into next year or even earlier, we will see a...
Good day!
My tradingview journey started with a short analysis of crude oil (12-2020). You can still find it on "my" very first page.
Hereby, another crude oil short analysis.
50 MA crossing 100 MA and 200 MA.
100 MA potentially crossing 200 MA.
Meaning, a trend reversal.
Will my tradingview journey start and end with crude oil?
Probably not,...
We abandoned short-term price target of 85 USD in our previous idea (as correction resumed). In addition to that, we noted that it was very likely that price would drop towards 78 USD. Currently, USOIL trades slightly below that level. We will observe WTI oil in the following days and we will look for more weakness or possible end of correction. Though, at the...
we predict oil will go down ,but in green arrow above,we will buy (buylimit) with sl=1.00$
put sellstop in low possible too
ALERT= if red trend line break,oil can go to 90$ area ,so for your sells 100% put SL and never remove
good luck
XTIUSD, Crude oil trade can go for big recession in upcoming days. You can keep two entry and target points as shown in the chart. Trade will be invalid if oil crosses $95.
Dear traders, here I published my technically analysis. I will enter in the trade when I will observe sell candle. Before you enter make sure trade should show bull exhaustion. If you like my...
Here's a quick TREND ANALYSIS using a simple method I like to call "TIME AT MODE" in the current crude oil market. I'm using the April 2021 futures contract to do the daily analysis.
FIRST, notice that the crude oil market has not made a new high in over 5-days. That observation makes me look for downside trades in crude oil by first finding the "mode" since...
