Fundamentally, oil can only go up. Since Russia is requiring countries to purchase oil using rubles, supply will go down due to current sanctions. With steadily increasing demand and decreasing supply, prices must increase. I think $200 is a realistic target for the coming year.
Price is on a bearish momentum. We expect a potential for bearish dip from sell entry level of 104.65 in line with 50% Fibonacci retracement towards the take profit level of 97.98 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection . Alternatively, if price breaks through the pivot structure, it might rise towards to the stop loss level of...
For the past year, we were predominantly bullish on USOIL. However, this came to a change recently, and we turned neutral to bearish on USOIL. That is due to Strategic Petroleum Reserves being released in vast quantities, production hike talks, and the eventual need to lower energy prices. Therefore, despite the general bullish narrative, we make a contrarian case...
Oil has bounced off the previous support at $95 and looks to now range between $95 and $107. Any further disruptions to the market might return to the $107 mark and above but we are expecting this to range pretty well in the near term with oil staying above $95 for a while. Which means I will have to ride my kids scooter to the office if things do not calm...
This is daily cart of Crude oil. I have mentioned all the important levels for breakout and breakdown. Based on price action $105 is immediate resistance, breaking above the resistance can lead to further gain. $100 is psychological support. Below $100 strong support is placed at $85. If you want analysis of any stock or index write down in comment box.
USDWTI H4 We have pushed 2R on this setup from that solid daily push yesterday all throughout the day, very clear and consistent, minimal drawdown and minimal pullbacks. However, we are still cautious of this H4 bear trend which has been marked. A slight pullback to the zone indicated would be healthy, for a second bullish attempt to set a new higher high.
Hello,Traders! CRUDE OIL was trading in a narrowing wedge But now we are seeing a bullish breakout Which makes me expect a move up Towards the target above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Prices are on bearish momentum and abiding by a descending trendline resistance. We see the potential for a dip from our sell entry at 102.02 in line with 61.8% Fibonacci Projection towards our Take Profit at 95.38 which is graphical swing low. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this...
USDWTI D1 Mentioned about that daily close... Price confirmation is always relevant to the timeframe analysis. Especially when swing trading using these H4 and D1 zone. The ultimate buy signal would be to see an engulfing candle from support upon todays daily close. But this may ruin RR potential.
Of late, we are seeing a fall in Crude prices... a lot of it is about releasing supply into the market really. The daily 55EMA has been broken, tested and failed once. But worthy to note that the support is holding! So, breaking down decisively below 92 would be followed by more downside; else breaking above 98/99 would be tested by resistance zones above 100 for...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Market is Completely Unpredictable Because of The War, So Trade With Caution Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or...
Decending wedge, trend reversal to push oil up ... look at the news I guess.
Prices are approaching a pivot . We see the potential for a bounce from our buy entry at 100.83 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement towards our Take Profit at 109.49 in line with 127.2% Fibonacci Projection . RSI is at levels where bounces previously occurred. Any opinions, news, research, analyses, prices, other information,...
✅A broken key structure level Reinforces our bearish bias on CRUDE OIL And I believe the price is set to move lower To retest the target below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Crude Oil , fall towards 64 levels expected in short term .
Hello,Traders! CRUDE OIL was trading along the rising trend-line But now we are seeing a bearish breakout So after the pullback and retest of the broken level Further price fall is to be expected With the target of retesting the demand level below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management !! This chart analysis is for reference purposes only !! If you want to see...