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..
Price action analysis for WTI Crude Oil. Key levels & detailed trading plan. Directional bias and thoughts. ❤️Please, support this video with like and comment!❤️
In our first post about oil we explained why we believe that Oil will conclude cycle wave 2 around the 57-63 area. We now believe it to be likely to complete the above triangular pattern before dropping more. The upper trendline of the triangle is confluent with the order block. To allow our stop loss to be extended to 81 respecting our risk managment rules, we...
The price of WTI Crude Oil is at a resistance Zone and top of the rising channel. Above 81.50 = long (TP 82.70). Below = short (TP 1hour MA50). Below 1hour MA100 = short (TP 77.15). Follow us, like the idea and leave a comment below!!
Title: CrudeOil Futures ( CRUDEOIL1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 7676 Pivot: 6764 Support: 5832 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly continue...
Expect crude oil to fall. We wait until it hits the area 82 Its great resistance for dropping oil.
Oil broke on Friday above the 1D MA50 but sees heavey selling pressure today retracing back below, after the 4H RSI double topped on the 70.000 overbought level. In fact technically the 4H chart is about to turn neutral (RSI = 56.810, MACD = 0.880, ADX = 49.898) and will search for the 4H MA200 - 4H MA50 Zone for the first batch of buyers. The RSI rejection is...
Crude is rounding out right at key levels of resistance and it is looking like a short as the price is breaking short term bullish structure to the downside. Key targets are shown by the circles noted on the chart. -bearish divergence on multiple timeframes -multiple resistance levels in play I have personally been scaling into a short position as we have been...
✅USOIL is about to retest a key structure level Which implies a high likelihood of a move down As some market participants will be taking profit from long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
After our December 18, 2022 post, it seems OPEC and allies are taking control of crude oil price. With oil price about to breakout from the corrective wave and resistance level; the price of this commodity is poised to hit another high... #usoil #crudeoil #wti #brentoil N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Hello,Traders! CRUDE OIL went up from The lows to retest the Key horizontal resistance But Oil is already locally Overbought so I think That after the retest of The level we will see A bearish move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
In our previous post we explained how we believe that oil still needs to complete a cycle wave 2 in the area 57-60, where the 61.8% fibo retracement and the upper trendline of a big descending broadening wedge stand. We then took a potential short opportunity at 75.8@, but we were kicked out at entry and we believe that the correction in wave ii of C of (Z)...
USOIL is sitting just below the 800EMA at the PCZ of a Bearish Crab with massive amounts of MACD Bearish Divergence; if this plays out we could eventually see some Bear Flag action to take us down to around $70 or even below $70
Since December 2022, the price of West Texas Intermediate crude oil has been moving choppily between $70 and $83. Currently, one barrel trades near $77.50. We continue waiting on the sidelines for the market picture to clear. However, we are still unconvinced by bullish scenarios for oil, forecasting a return of $100 and above. That is because we already see a...
Pattern = Channel Down on the 1D timeframe Action = Sell either on the 1D MA50 or the 1D MA100 (both being Resistances with heavy rejections within the pattern) whenever the price hits the double top zone. Target = 70.10 (Dec 9th low). Please like, follow and comment!!
After that fall. we can expect the price to move up at least till the fair value gap. 💡Wait for the update! 🗓️09/01/2023 🔎 DYOR 💌It is my honor to share your comments with me💌