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
April 2020 low to the short term high around the 40 handle , Us oil likely to complete its correction around the 50 day exponential moving average around 32.50 or slightly below it . As of now , its testing the 100 day exponential moving average around 35.50 and price likely to consolidate until Thursday as the investors waiting for output from the JMMC/OPEC...
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
we have strong bearish candle, today we had negative news around oil and demand of that if the price goes down below 49.3 it opens door for going lower and reaching to 48 I am looking for selling opportunity
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.
Crude oil prices skyrocketed from the news that there was an attack on an Iranian militant in Iraq which increased tensions and caused oil to pop. Oil was already on a tear to the upside and market structure suggested long side, this just gave price a little jolt of energy. Tensions may continue to rise but market structure is still saying upside. The break above...
Deleted the last one because i realised the cypher wasn't accurate at all, overall oil looks bullish and continuation / reconfirmation of a long term uptrend is being established.
CrudeOil - I see monthly charts calling for a big upside on crude and this fits well with the timing of the Saudi Aramco IPO recently. $100 targets next year
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Monday, bouncing from the uptrend line and reaching towards and above the 50-day SMA initially. The crude oil market kick off the week with rally, as an Iraq oil minister suggested that not only would OPEC continue its production cuts, but it would possibly even...
Short WTI-58.05$ stoploss-59.10$ target1 price- 57.15$ target2- 55.80$
Short WTI-58.17$ stoploss-58.90$ target1 price- 57.45$ target2- 57$
Crude oil - H4 chart showing buyers in control with price continue to make higher highs and higher lows while leaving behind fresh demand zones.. Buy limit set at 57 with stops below 56.20 and take profits 60-61... Enjoy
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...
We have reached our near term target level 53.20. Lack of Global Oil demand Slowing down global economies And now China's Plan to tax US Oil starting September 1. As I mentioned in my previous Oil report, China- Iran Oil Trade Plan could be validated soon. After the false breakout of the triangle, we see WTI retesting the triangle. WTI needs to make Daily...
now i get confirmation that crude oil gonna go higher check out bank levels and join us enjoy profit
Watch The Fib Level and Trendline and then Trade If Crosses Then Close Trade Wait For Higher Levels To Get Active Most Probably Crude Might Not Cross 59.64