For Tuesday, the 77.79 level can contain selling into later week, above which 80.65 and 81.73 long-term resistance remains in 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside Tuesday, closing...
A two-sided framework continues through summer between 62.14 long-term support, and 81.73 long-term resistance, both regions able to contain seasonal activity. Inside this wide range, 77.71 can contain weekly buying pressures, 73.27 weekly selling pressures, with a settlement below 73.27 indicating 68.25 within several weeks, where the market can bottom out on a...
✅CRUDE OIL is going up to retest a horizontal resistance of 77.33$ Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 76.50$ However, as it is a counter-trend Trade I would suggest using A lower risk per trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
A PICTURE ISAYS MORE THAN 1000 WORDS! A weaker dollar Friday was supportive of energy prices. Crude prices also moved higher after Friday's stronger-than-expected U.S. Apr payroll report eased concerns that the U.S. economy is headed for recession. REALLY!? WELL ,the economic data reflecting the past, but not current events, and the price is always...
We just observed a barrier triangle, which signals further leg up. Although I find it difficult to break down wave [ 3] into a distinct five-wave impulse, it does appear impulsive. Based on the constant pace of advance in waves 1 and 3, I have a suspicion that wave 5 could potentially be a thrust, or on the contrary a relatively insignificant high. Either way,...
My take on Natural Gas developments. I continue to label an ABC flat correction in the making.
My dear friends, This is my opinion on the CRUDE OIL next move: The instrument tests an important psychological level 76.77 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 80.26 Safe Stop Loss - 74.31 About Used Indicators: A super-trend indicator is plotted on either above or...
This is for FCPO Trading SYstem : using BONDO setup that can win every month. Why it is consistent winning rate? WE use Probability on our indicator and setup, we tested it for more than 2 year backtest and Live Trade. Every month Win. 60% winning Rate. We only have class in malaysia in malay language.
For Friday, 73.24 and contain selling into later next week, once tested the 77.63 formation attainable again within a full week of activity. On the other hand, closing today below 73.24 signals 68.25 within 1 - 2 weeks, where the market can bottom out through August trade. Upside Friday, the 77.63 - 77.72 area can contain buying through next week, and below...
For Thursday, 73.22 and contain selling through the balance of the week, once tested the 77.55 formation attainable again by the end of next week. On the other hand, closing today below 73.22 signals 68.25 within 1 - 2 weeks, where the market can bottom out through August activity. Upside Thursday, the 77.55 - 77.72 area can contain buying through next week,...
WTI Crude Oil hit and is getting rejected on the 1day MA200 today. That is the 2nd time 4 days to do so. That is a technicals Double Top rejection and if the 1day RSI crosses under its MA, it will confirm the bearish move. The long term pattern is a Channel Down and as we described last time, this isn't just near its top but also near the 1week MA50. Sell and...
WTI bulls are in charge and eye a run to test the daily highs in a move that trapped the sellers at last month's highs.
For Wednesday, 76.00 can contain intraday buying pressures, below which 73.19 is attainable intraday, able to contain selling through the balance of the week and the region to settle below for then indicating 68.25 longer-term support within 1 - 2 more weeks. Upside Wednesday, pushing/opening above 76.00 allows 77.46 - 77.72 intraday, able to contain weekly...
For Tuesday, 76.20 can contain daily buying pressures, below which the targeted 72.87 - 73.34 area is likely today, able to contain selling into later week and the region to settle below for then indicating 67.08 within 1 - 2 more weeks. Upside Tuesday, closing back above 76.20 signals 77.77 within 1 - 2 days, able to contain weekly buying pressures, and...
Here is my latest structure analysis for WTI Crude Oil. Resistance 1: 77.1 - 77.3 area Resistance 2: 78.6 - 79.9 area Support 1: 72.3 - 73.1 area Support 2: 66.8 - 67.3 area Consider these structures for pullback/breakout trading this week. ❤️Please, support my work with like, thank you!❤️
A two-sided framework continues through summer between 62.14 long-term support, and 81.85 long-term resistance, both regions able to contain seasonal activity. Inside of this wide range 77.70 and 67.08 can both contain weekly activity, possibly into August trade. Closing below 67.08 indicates 62.14 within several weeks, able to contain selling into...
Hello,Traders! CRUDE OIL broke the key Horizontal level of 74.5$ And will now be making a Retest of the level from Where I think we will see A bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
For Friday, the 72.85 - 72.97 area can contain selling through the balance of the week, above which the 77.63 formation is likely by the end of next week or sooner, able to contain weekly buying pressures - possibly through the balance of July. A daily settlement above 77.63 indicates the more significant 81.97 long-term resistance level within 1 - 2 more...