Crude Oil

Tradersweekly

Recently, more and more financial institutions have been upgrading their price targets for oil. Mostly, these forecasts were upward of $100 per barrel, with JP Morgan and some other financial entities forecasting prices as high as $150 in the coming months. About three weeks ago, we tweeted that these statements are very reminiscent of those made in the second...

VasilyTrader

WTI is testing a key horizontal support. The price formed a tiny double bottom on that on an hourly time frame and violated its neckline, giving us a nice bullish confirmation. I expect a pullback from the underlined blue area to 0.894 / 0.900 ❤️Please, support my work with like, thank you!❤️

TheCryptagon

WTI Crude Oil has been correcting, more aggressively than most thought after a High outside of the Channel Up. It is already under the 4hour MA50 and MA100 and is aiming for the Channel's bottom below the MA200 at 86.00. You can sell on the current market price and pursue this target. If the 1day MA50 and bottom hold there, buy and target Resistance A...

VincePrince Updated 

Hello There! Welcome to my new analysis of OIL. Within the recent high inflation development with continued rate hikes in a lot of economic fields, it has to be mentioned that OIL could be on the brink of major market disruptions especially when the rate hikes continue to rise further together with the DXY printing the next new highs. In this case, I have...

FX_Professor Updated 

Hey Traders, Professor here! 🤟 You might recall my bullish call on oil at $70, based on fundamentals and geopolitical moves. Fast forward, and here we are at $93 a barrel. But is this the ceiling, or is there more room to grow? Let's dissect. 🛢️🔍 The Resistance at $93: More Than Just a Number 🛑 Oil has rocketed to $93, and I'm seeing this as a strong resistance...

Arunvfx08 Updated 

Crude Oil Now formed and broken, Head and Shoulder for selling target mentioned in chart and conservative entry can go in retesting range 7430

PersianWaveTrader

Hello Traders, Base on technical and wave analysis we see this scenario for #UKOIL for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.

awakenedlion

Technical analysis of crude oil; crude oil's daily line dropped and rebounded to close the cross K line, touching the previous lower track of 91.30, but still started to recover steadily. Returning to the high range and oscillating, the daily line is still in the process of strong consolidation and momentum. Although it has dipped, it can still recover quickly in...

BlueHatInvestor Updated 

Updated 30/09/23: - Revised up-trending parallel (green) - Added down-trending/consolidation parallel (white) - Added horizontal lines (yellow/dashed) to mark upper/lower range (94.239-87.829) Everything else stays the same (chartist holy grail lol). Notes: - Further write-up on Daily Swing V2 Chart - Faded out longer TF parallel lines (light blue) TradingView...

ShahedZare

Based on Simple Technical Analysis ( Trendline + Support & Resistance ) 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 liability for any errors or omissions in the content of this page, and they are...

BlueHatInvestor

Updated 30/09/23: - Revised up-trending parallel (green) - Added down-trending/consolidation parallel (white) - Added horizontal lines (yellow/dashed) to mark upper/lower range (94.239-87.829) Everything else stays the same (chartist holy grail lol). CAPITALCOM:OIL_CRUDE has done an amazing job respecting its upward parallel channel since June. Could see...

JSAL Updated 

WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...

mansetsoft

Crude oil..find hammer candle at support..and and it's broke upside..let see

ScalpTrader69 Updated 

hey traders we had this move befor and its already Done what u think about the nxt move ? if price can break up the bearish channel and stabilize above the 78.51$ which is 0.5 Fib, there s high chance we go back to the 95$ Also ichi confirmed this move in 1H 2H and 4H TF break up is important

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VincePrince Updated 

Hello There! Welcome to my new analysis about CVX on several timeframe perspectives. The oil market since the corona pandemic supply-shock dynamics has formed a important dynamic and had the ability to form a major rebound recovery with several new highs being formed and CVX having the ability to bounce into a new all-time-high. Now a big part of the dynamic is...

globuscapitas

BUY ABOVE - 7877 SELL BELOW - 7854 ** WORKS BEST ON 5 MIN TIMEFRAME ** *** MARKET SECRET *** 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills...

LonnieMSP

The correlation between WTI and Canadian Dollar seems to be breaking down, at least in the short term. Not sure the reasons for this, but posting to hear thoughts. For those unfamiliar with the WTI/CAD correlation, I have added some context. The Correlation: How Are They Connected? Commodity-Driven Economy : Canada is known for its abundant natural...