White Swan Harmonic Pattern Observed. Support & Resistance (8H to 1W) Falling wedge (Contracting) observed on 8H. Bearish Ranging Channel (This can give us the perfect entry) on 8H MACD divergence on Weekly Chart RSI 47 on Weekly Chart EMA 20 crossing over MA200 Last cross was observed on 6 Jan 2022 Looking forward... The above is an...
Oil has issues with 82.00 and has repeatedly try to break the level decisively over the past two weeks. We are in the 50% HWB short zone from the declines in November - December. We need to confirm on the 15 minute chart . . . but, this is a good area to sell oil up against the 61.8%.
USOIL OIl has high potential moving towards the Bullish side, as China is ready to open for business after lunar new year. Key Zone - 82.49 -83.82 R1 - 86.74 R2 - 89.02 R3 - 92.73
Hi WTI will go down to 75.00 from now. There is a Double Top on H4 as last time so short from now. Thank you.
- Demand from China is soaring. - The US dollar index has recoiled. - Supply is not rising as fast as demand is. - I think recession fears are overblown. Where I live, people are traveling like crazy. - European Union will announce new Russia sanctions on February 5.
✅CRUDE OIL looks bullish to me Despite the fact that is it Currently trading below A horizontal resistance So we will wait for the Breakout and then buy LONG🚀 ✅Like and subscribe to never miss a new idea!✅
USOIL price closed above resistance level @80.48 last week and with increasing bullish momentum, price may likely re-test the next swing high observed @92! #usoil #crudeoil #wti #brentoil N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk...
Hello,Traders! USOIL is again retesting The horizontal resistance But I am somewhat bullish Biased so IF we see a breaout Then the price will go up (IF there is no breakout Then the setup is invalid) Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
The commodity just broke its major support trend line, additionally the formation of lower high and divergence support an upcoming bearish rally.
As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67. So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box. We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo...
Looking at the chart(s) of XOM Exxon Mobile Corporation , are they signaling a short opportunity on the back of lower growth outlook(s) for 23-24'? 🛢⛽️ 📉 Not going to provide much commentary on the macro outlook for U.S. Crude Oil CL1! CL2! CRUDEOIL1! CRUDEOIL2! WTI1! WTI2!, just the charts of XOM: XOM Weekly Chart: 📊 XOM Daily Chart: 📊 XOM...
A head and shoulders pattern has formed and broke out. Waiting for a confirmation on this breakout but things on a technical side look rather bullish for crude now. Tread lightly, trade safe, and set your alerts!
After XTIUSD visited 5th December's supply zone yesterday, the market had a rejection of price value. I'm expecting the price of crude oil to revisit the $70.30 per barrel!
Crude Oil has seen a recent rally from $70 to $81 current resistance level . It has formed a smaller inverse head and shoulder pattern within the parallel channel. Breakout of the resistance level at $81 could have a best case potential target of $93 ( measured inverse head and shoulder target), which also coincides with previous pivot highs resistance levels (...
Studies indicated Crude Oil is the best indicator to track the current inflation. It is also a leading indicator to inflation numbers? If that is true, we will have to track the crude oil prices very closely. Content: i. The most inline commodity with CPI ii. Can the Crude Oil track CPI? iii. Direction of Crude Oil Crude Oil Futures Minimum...
You can see the important levels and possible scenarios on the chart. If you have a question, feel free to ask. 💡Wait for the update! 🗓️15/01/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Sentiment seems to be bullish on WTI with a H&S Inverted pattern but we could have a different view on the price movement actually. We are now testing multiweek trendline and we could see another downfall as beginning of New Year
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..