Markets are slow as most of traders will stay aside today after Thanksgiving yesterday in the US. So we think there will be no real changes in the price action and that market will stay in risk-on mode, at least from a technical perspective. The only thing that can shake the markets a bit going into a next week are potential new COVID restrictions in China after...
Crude oil PRZ mentioned in chart. We can expect one more leg down before the bullish reversal around PRZ zone.
In todays trading session i will be looking for Buy Oil , If it makes any dip it will be better to increase volume, Trade idea based on Prev day closing , it is very good sign of taking Buy Risk now . anyways , best of Luck . Take Risk affordable !
this is just an anlaysis based onnict so i am not sure for mya analysis but this is what ia found for the usoil set up . i will be holding some position if this gose to mya buinse area with confirmation. always trade with confirmation so make your own analysis
The current chart pattern show confluence of: -Dow Theory (higher low) -Bullish engulfing pattern -Bounce back from C retracement in ABCD harmonics (0.46 fib retracement level)
oil if dont break low,has poweful buy now ,so we advice buy it now but put SL in low,,,if low break downtrend can start note: trade oil need minimum 5 year practice on demo , it is very complex and trendy market good luck
This is intraday setup for crude oil trade.. 1. Candle type -Hiekin Ashi 15 minutes 2. Moving Average Indicator - 15,5,5 3. Supertrend indicator - 1,1.85 4. Stochastics indicator - 15,5,5
Crude Oil benchmark WTI broke its previous established support at 81.75 and continued its downtrend through Wednesday after G7 talk for implementing a price cap on Russian supply. The mark cap of 65-70 USD per barrel was higher than the market expected, which elevate some of the fears of supply distribution of the oil. Another positive news for the global oil...
This is part 3 on crude oil. In this video, I go over the daily cycles and some statistics for the month of November. Let me know your thoughts on what you see playing out in November for crude oil.
Crude Oil - Long - Good oportunity for short term It reaches the same resistance for the second time, but here it seems that we have a large demand to buy in this area, so I expect for a short moment that it will go up to the resistance where we can take profit, but from there I expect the new fall down stronger.
The actual USOIL weekly chart is confusingly similar to the 2008 daily chart. By analogy, the oil price should go south even to twenty-something dollars. The current economic situation confirms it, as the leading economic indicator (LEI) announces a recession in the near future. Also, moving average analysis confirms it. I matched the closest smoothing moving...
Hello,Traders! USOIL plunged down from the Horizontal resistance just as I predicted And will soon retest the horizontal support So despite my mixed bias on oil I think the price might rebound From that level again Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
WTI Oil (USOIL) posted a Bull Flag pattern today similar to September 28 - 30, which is the rebound formation is shares many similarities with. The drop that led to the bottom on both sequences is very similar and you can see that by plotting the September 14 - 26 on November 09 - 18. The 4H MACD is also on the same pattern, it appears that the price is on the...
WTI Crude Oil is approaching a key daily structure resistance. To short with a confirmation, watch a double top formation on 4H time frame. 80.3 - 80.8 is its neckline. Wait for its bearish breakout (4h candle close below that), then, short aggressively or on a retest. Goals: 78.4 / 76.0 ❤️If you have any questions, please, ask me in the comment...
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..
is this thing that has traded like a boat anchor, as much of a boat anchor as Bitcoin . More or less not moving at all. Yet, as with all things, consolidation periods only last for so long before the volatility picks up again to draw in new attention. This chart is a huge amount of time and very wide ranges and so it's very hard to stuff the important info into...
✅CRUDE OIL went up sharply But a strong resistance level was hit Thus I am expecting a pullback And a move down towards the target SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
WTI Crude Oil made a remarkable rebound yesterday marginally below the 76.30 Support (the Support Zone is now 76.30 - 75.30) and turned the 4H RSI around, approaching the 4H MA50 (yellow line). This is the first Resistance (short term) with the initial target of this late September/October-like rebound being the 1D MA50 (blue line). If then the price breaks above...