Looks like the counter trend up move for Crude Oil is currently in progress and from an Elliott Wave perspective we are seemingly in W.C of the Flat correction . The minimum upside target has already been achieved and the market seems to be heading towards the white resistance zone , which will also act as next target area.
WTI Oil (USOIL) has been closely following our recent projections, both the perfect buy entry caught 12 days ago after spotting the Lower Lows bottom fractal similar to September 26, as well as the most recent buy 6 days ago after the 4H MA50 (blue trend-line) held as Support: We are again on the 4H time-frame, with the price continuing to replicate the...
We can see WTI price jumped up as our prognosis here: Now, what will be happen? Price tested upper level on the chart and it will not stop here or it will continue its nonstop movement. Hereby, WTI confirms own strenght. This is very gratifying occasion for us, because we love WTI trading. So, today WTI broke up trend channel to upward. You will see on the...
Hey traders, I spotted a confirmed bullish breakout of a falling wedge pattern on a daily on WTI Crude Oil. That indicates that, with a high probability, the market will keep recovering. I expect a bullish continuation at least to 81.4 resistance. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Demand for crude oil is expected to rise after a cold wave hit USA, which will likely increase the demand for oil distillates, easing of the COVID measures in China and US crude oil inventories coming up less than the analysts have had expected. British crude oil benchmark, BRENT, had broken the resistance of the triangle pattern, a strong bullish predictor, and...
WTI might go sideways again be prepared for SELL! before buying again. TARGET -----> 81.70usd/barrel .
✅USOIL broke the falling resistance And now I am locally bullish biased So I think we will see the price Go up soon towards the target above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
USOIL CRUDEOIL sell SHORT thick stop loss RR 1/10 FIBO 61.8 retrace from main down trend
There are two possible senario in my point of view ... Firstly, crude oil is near the daily horizontal and dynamic resistance at 76.5! it couldn`d break the resistance zone. Secondly, it might try to make a fake break and then coutinue to its weekly down-trend! What do you think? like and leave a comment ;)
There are 2 optional scenarios for the upcoming resistance hit. Set your pending orders and keep following. Trade Safe!
HELLO GUYS THIS MY IDEA 💡ABOUT CL1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this LONG position.. and when the price come back to this area, strong buyers will be push up the market again.. UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
Crude Oil (WTI) has broken through the support trendline. Things are looking bearish, and I am expecting a major drop in Oil.
This is a crude oil series I'm doing as of late. In this video, I go over the Weekly & Daily cycles, look at the Elliott wave count, and some statistics for the month of December. I'm looking at how this week is going to close, positive or negative. Let me know your thoughts on what you see playing out in November for crude oil. The chart master from CNBC ...
✅USOIL made a retest of the Horizontal resistance level And is going down now So I think that The price will keep moving Im the downward direction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
OPEC (and non OPEC members) are battling with the West led by the US over oil price. While the West wants oil price to hover around $60/barrel, OPEC and other oil producing countries led by Russia and Saudi Arabia feel no one should dictate the price of their commodity... With oil price now sitting on important support level, will the price breaks down to go...
Hello,Traders! USOIL is trading in a downtrend And made a pullback from the Horizontal resistance 1 So we are bearish biased And a retest of the support 1 Is to be expected. The final Target of the move is The horizontal support 2 At around 64.50 level Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hey traders, Even though this week was bullish on Crude Oil, I still remain bearish biased. I spotted a falling parallel channel on a daily and the price has nicely respected its upper boundary. I believe oil will drop next week. Goal - 71.5 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
WTI Crude Oil is at a key support level now and i don`t think we have seen the last of it. OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day. It`s not much for now, but they will continue cutting the supply until they will get the oil to $90. I`m looking for a bounce to the $85 - $92 area before heading to $62 by the end of next year,...