crudeoilforecast

Crude oil

During the drop of the prices of oil after the OPEC meeting, several Oil ministers were not worried of the decline of oil prices as they say it is normal every after meeting and that it would recover. Is this is? Despite the formation of a fakey bar, the prices are still below the 8, 21 EMAs... not mentioning below the 200 SMA as well.

As i successfully mentioned in my previous article on 2017-02-15 Crude Oil is on an ascending channel which is creating a rising triangle with the strong resistance that exists at 54,50$-55$ level. Once again after this previous artivle mentioned Crude Oil rallied until 53,74$ area and then came down to test the 200MA. Technically we can see some signs of fatigue ...

Whats Up in Crude Oil?

Crude oil is in range 51-55. It broke all uptrend support lines and now new bearish wave is coming. TP1 51

Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH ...

If the crude oil price continues with the trend, there is high chance that it will manage to break the resistance zone. After breaking, wait for pull back and long. It will be a 1:3 risk to reward trade.

Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next? B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c ...

Overview: The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the ...

https://www.tradingview.com/x/ebOI77rT/ hi Readers, The Chart deals with weekly time Frame As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z ...

https://www.tradingview.com/x/R3oeGKRd/Resuming from previous Crude oil Post in the blog, check it here... Obviously yes the bottom is in the visible limits We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle ...

Resuming from previous Crude oil Post in the blog, check it from what's happening section... We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle (Elliott wave Descending triangle) and within which the waves ABC have ...

CRUDE is expected to rise now. There are many reason why we feel it may rise. 01. It has bounced back from quarterly sell target 02 level. 02. Bullish Engulfing pattern in daily Chart. 03. To rise and clear quarterly targets it had to come down to gain momentum for up move. 04. Stoch RSI (3,3,14,Close) states it may rise. 05. RSI(14,CLOSE) Is also of the ...