WTI crude oil, the spring is wound (very low volatility in latter days), soon the price will shoot upwards
Similar analysis as my other charts, Oil previously crashed and hit the bottom at this level. I see many indications that this will fall again and potentially hit the bottom. Price is constantly testing support and now consolidating. Once price has broken support its a big sell.
After a strong show in the last weeks, crude oil needs to make an obvious correction. We expect the correction to be of ABC structure and it has already completed waves A and B. Further, the structure resembles a bullish flag pattern and the price is at the upper parallel now. Currently, the pair is forming a bearish flag pattern in the short-term charts and a...
Price has hit a key area (where it fell previously) It will continue to consolidate before taking a HUGE drop
The Crude Oil has a big potential to go down . Feel free to comment down below If you like my ideas support me with a like
Big resistance ~ 35.50 So a pullback to or rising up to
oil price goes down sharply. as you can see the price revores a bit but I do not think it goes far away. I wait for another chance for geting short position.
Broke the structure and it may gow up to the next resistance line USOIL Buy at 58.50 Target Profit 60.76 Target Profit 63.20 Stop Loss 55.00 Maybe we may hold this for a longer period. All the best,
The uptrend has been prevalent in crude oil with a slight hiccup early in December, otherwise higher highs and higher lows have occurred. The most recent was a break above the strong resistance at $58.70 and held it as support. The candlesticks are really important in this analysis because the wicks are really pronounced and extended which suggests the buyers are...
Short WTI-58.05$ stoploss-59.10$ target1 price- 57.15$ target2- 55.80$
Crude oil is still holding upside bull structure and it didn't even have to pull down into the $56.75 where the impulse started, the bottom of the channel at $57.35 held really well for the bulls to continue and the $57.85 held multiple times for the upside on rotations and wicks which indicates more upside. The only part that may break up the upside trend is...
WTI Crude Oil is moving within a bullish channel which in turn is located within larger rectangular congestion. Likely a retest of the resistance.
Crude Oil - Weekly chart - I see crude trading in a bullish structure respecting weekly and monthly demand zones and looks like it can pull back upto 70s to test a fresh weekly supply zone. Lets see how this plays out!
On 13 Sep 19, Market closed on $54.87 but Oil prices have spiked after a destructive attack on the Saudi Arabian oil production on weekend shocked markets and produced shortage in global supply of crude for some time. Now we can see the price spiked more than 10% in a day after market opens and hits the 50SMA even the 100SMA on week chart. At this point we also...
now i get confirmation that crude oil gonna go higher check out bank levels and join us enjoy profit
I Donno If am Right But This Signals Me SHORT With an SL 53.80 ( or ) Wait Near 53.80 For Selling