So I don't take too much of my time on the weekend trying to figure out where price is going to go as price isnt even active. So barring any exponential moves Sunday open I am still bearish and have : Monthly Wick CE and target 1 Weekly SSL as target 2 Pre CME open I will re analyse where the market is and publish further forecast for the day.
Wednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown. A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped. I am staying bearish and...
Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Break of Structure Completed " 12345 " Impulsive Waves Demand Zone
The overall trend of crude oil hit the bottom yesterday, and the rebound did not break after testing 80.7 for the second time. It's still going strong. A positive hammer line collected on the daily chart. A close like this meant the market would rebound, and it has now. The key pressure level is 83.6. As long as the market does not break here, the market will...
So we are on the Daily Not moving with much drive and lets say... obvious direction when it comes to day to day bias (Overall Bearish) I am ONLY focusing on PDH and PDL as targets today with any signal to buy or sell into the market being in a discount before I place a trade. Range day - yes To consider that Thursday's have seen good movement on Oil recently so...
Pair : Crude Oil Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line S / R Level
Crude oil real-time market analysis: The resistance of crude oil in the morning on Wednesday was 85.6. As time went to the European market, it has now moved down to the 85.3 position. The 4-hour SAR extension point coincides with the MA30 moving average and is now at the 85.5 line. Tonight, it can be judged at the 85.5 position. Oil price strength and weakness....
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame Completed " 12345 " Impulsive Waves and " A " Corrective Waves Fibonacci Level - 61.80% S / R Level
We have a chance of Head and Shoulders pattern. now price is approching the right shoulder area. look for short side,when price comes to this area. on bottom side we have a strong support at 4800 levels. keep in long side from this support zone.
Crude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the...
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Long Time Frame Completed " 123 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Correction Short Time Frame
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure and Retracement Fibonacci Level - 50.00% / 61.80% RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance RSI - Divergence Break of Structure Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Upper Trend Line
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. Completed " 1234 " Impulsive Waves at Fibonacci Level - 38.20% or Previous Strong Resistance. Divergence in RSI
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " A - wxy " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Symmetrical Triangle as an Corrective Pattern in Short Time Frame wait for the Breakout and Retest
In recent days, we have been bullish on crude oil, whether it is the shape or the indicator has formed a big counterattack signal at the daily level of bulls, 74.40 resistance position has not been able to suppress the bulls of crude oil, yesterday we bought at 72.70 and took profits at 74.10! A perfect profit. So how does the oil trade at the current price?
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " ABC " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Its Currently Rejecting from the Upper Trend Line to Complete the Retracement for Break of Structure Entry Precaution : Wait for Breakout and Retracement