Focus up! 100-101.50 is key retest level of support trend-line stretching back all the way to December 2021, with consistent higher lows. At the same time, it's also a retest level of the second higher high breakout stretching back from the peak of 128. China lock down is expected to ease within days, inflation is on the rise, EU oil ban for Russia is likely...
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . CRUDEOIL 1 hour : It has taken the liquidity from major low. *Wait for the opportunity in lower timeframe (5 min) and we could see an upside movement. THANK YOU !!!!
This is not any idea or suggestion.. Just showing this CANDLESTICK PATTERN. This is Rasing wedge In down trend. In 15min time frame.
As oil completed the cycle of collecting liquidity and landing back on the weekly trendline, we are looking to see a sign of a rally on the upside. From there we could potentially trade it all the way to $80 +zone. Please be aware the pressure on the trend line to break to the downside is getting stronger so we must be aware of a possible drop as trend lines are...
✅CRUDE OIL will soon retest a key support level So I think that the price will make a rebound And go up to retest the supply level above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Main idea: According to the weekly analysis, we expect a bear market. In this case, there is a liquidity pool below 72.42 that can be defined as a first target. There is good support at 72.05, if the price can break this support, the price can fall to 67.5. After collecting liquidity under 72.42, the price may have a short-term upward move. We can define...
Well here is our long-term view of crude oil. As you can see, the price is in the downtrend and we expect a continuation of a bear market. Bear scenario: In this scenario, we have 66.13- 69.544 as a key zone. The price should break down this zone and stay below. For this goal, the price can move upward till around 75 and then start the main decrease. Bull...
This is energy play at a low risk area. The sector has been beaten down severely for weeks and I am expecting a turnaround soon for CVX to make another ALT that could surprise many experienced traders who are shorting the energy industries now.
Hello,Traders! USOIL has fallen by almost 10% from the horizontal Resistance level so I think That it is oversold and As the price is about to Retest the horizontal Support level I think We will see a small rebound Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
The trend line has already been breached and now we can expect the price of oil to follow a new low while the recent bullish trend formed already retraced more than 61% on the fib. On the daily timeframe, we are following a major bearish trend for a few months now which already retraced and almost wiped off the gains that happened last year. Thanks for visiting...
We saw price come up near the supply zone multiple times this week but fail to close above or even inside of it. Most of my analysis is already on the charts. Do note that there is a minor demand zone around the 76.50 level, not drawn on the charts, where we may see a bounce. This could be a TP1 for some traders and I would likely move my stop near this level if...
Sell CL1 Crude OiL Now With high probability The price in Crude Oil Will visite Other KEy Levels . Tp1 is The first Take profit than You can Do Breakeven.
Recommended by a friend, this has a long leg down! and maybe even new Lows - DYOR
MCL / Crude Oil I'm starting with monthly TF - Naked chart Last months - On January - December can be seen that buyers push price higher and higer but still under $84 on $81,70-82,20 area, we have a support area that was resistence. This area was touched 3 times, first time with an agresive rejection , second time, move some prices there but nothing wow...
USOIL is expected to be sideways within the ascending triangle area. The price has a possibility to reach the resistance area of the 8th touch. Breakout or rebound scenarios can occur at the touch point of the trendline, but if the price turns out to be a breakout from the support/resistance area. a big trend will likely occur. The existence of horizontal support...
For some time now, we have been skeptical about the overly bullish narrative in the oil market. Additionally, we have disagreed with calls for a return to triple-digit prices while noting multiple times that oil was likely to be choppy throughout 2023, oscillating within a wide range. In fact, we later presented a similar view from the U.S. Energy Information...
Previous chart fail...... due to wrong wave counting previous chart is fail.... now again crude ready for again fire..... don't miss this buying opportunity.. chart is very Bullish..... Wave 2 near end & wave 3 target is very high Price action also this time support for long position
Hi there, So WTI is now falling down possibly to 72.00. But this green CHOCH on 1D interests me the most. If I was gonna be a tooth fairy and make some predictions here from 72.00 it will go up to 90.00 just like the WHOLE TRADING VIEW COMUNITY says. The problem here was - they said it TOO EARLY. So hopefully end of February we will see 85.00 and 90.00 :) . All...