Warning: This analysis may not be correct target: crude oil time frame: 1h date: 12/11/2022 time: 10:12gmt
Hello,Traders! CRUDE OIL is trading in a downtrend And the price broke yet another Key level on it's way down So I think that Oil Will end up going down To retest the support below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
WTI Crude Oil keeps falling. The price violated a wide horizontal demand zone on a daily and closed below that. The broken structure turned into a resistance now. I believe that the market will go lower from that. The next goal will be 66.0 Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
WTI Oil (USOIL) is repeating the September correction pattern, which made a September 26 Low and then rebounded aggressively. A common feature is the symmetrical Lower Lows on the 1D RSI sequences. If that rebounds here next week, we expect Oil to reach, first the top of the June Channel Down (blue circle) and if broken, then move at least to test the 1D MA50...
The price eventually dived back to the 74.00 Support as the previous Low was compromised. The 4H MA50 is near oversold territory (RSI = 34.019, MACD = -2.320, ADX = 29.655) and since November 10th that has always caused a +5.50% rebound at least but since 73.00 broke, that means more heavy selling to 70.00. Notice the Inverse Head and Shoulders pattern that is...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Given the optimism over China re-opening, oil is not doing great at all. Brent looks like it is heading to $80 a barrel from here. The latest weakness of course has a lot to do with the OPEC+ deciding against even steeper output cuts than those agreed in October. At the weekend, the group agreed to stick to its oil output targets. In October, the OPEC+ had...
as per my crudeoil analysis , crude confirm sell side buy doubel top and my final target will be 5635
The price has turned flat as despite today's higher opening, there was a corrective 4H wave. However, as long as the 4H MA50 (78.92) holds and supports, our target remains the 4H MA200 (now at 84.46). Short-term traders may find use in scalping the 1H Bollinger Bands within 81.89 - 79.86, since both 1D and 4H (RSI = 54.999, MACD = 0.570, ADX = 31.841) remain...
Crude OIL Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 6.96%, down from 7.4% last week according to OVX data With this in mind, currently from ATR point of view we are located in the 68th percentile, while according to OVX, we are on 85th percentile. Based on this, we can expect that the current...
WTI Crude Oil is approaching a key daily supply area. The market was nicely rejected from that last week. Analyzing the intraday perspective, I spotted a head & shoulders pattern on 4H time frame. 79.55 - 80.2 is its neckline. To short the market with a confirmation, wait for its bearish breakout. We need a 4H candle close below that to make a breakout...
Closing last month as a bearish month and bullish week. The long term objective remain 6172.5 Aug 2021 Low. Closing last week as a bullish week and closing inside the weekly bearish FVG. I will love to see price use that to push price lowwer but Bias can just be base on one Time frame alone that's why we need Top Down analysis. Monday closing as indecisive...
Following price cap on Russian oil, Opec+ is likely to cut oil supply for the second time. Technically, CL has broken above the downtrend resistance and now in a correction wave. Getting filled at $77 will give us the ideal RRR in this trade.
Good opportunity with crude oil , this kins of trades work almost every time if we use a time frame with 4h for support and resitances lines , and after we use them in time frame 15min with trend line
The WTI Oil (USOIL) materialized the rebound that we called on Monday exactly on the 73.60 bottom: The pull-back since yesterday's High is close to the 4H MA50 (red trend-line) and is similar to the one during September 29/30, which is within the rebound sequence we've been modelling the new rebound from. The Channel Up (green) doesn't need to be as...
After breaking of an ascending wedge pattern, the prices are likely to remain bearish until the projected price of 77.23.
Hello,Traders! USOIL has retested the horizontal resistance After is made a rebound from the lows So a correction is needed Therefore, a move down Is to be awaited Sell! Like, comment and subscribe to boost your trading! See other ideas below too!