Inflation, inflation, inflation.
In China, 15/16 districts have zero Covid cases and all restrictions are set to be cancelled by June.
Globally, the disease is under control - Pretty much insuring a very busy summer for travel.
So fundamentally - Crude oil has plenty of room to rise in the short-term and mid-term.
When we look at the technicals we see :...
CRUDE OIL – Futures: Buying Within The Range Of Pin Bar Signal
Price Action: Price moved slightly higher from the Bullish Pin Bar Signal that had formed late last week (We suggested trading this signal in the May 20th, daily newsletter).
Price moved higher from the recent Bullish Pin Bar Signal that had formed over a week ago (We did not consider trading this...
CRUDE OIL – Futures: Bullish Pin Bar Signal
Price Action: Price formed a Bullish Pin Bar Signal overnight.
Price moved higher from the recent Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal).
Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the $95.43...
Here is my view for WTIUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This is my view for WTIUSD on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
CRUDE OIL – Futures: Bullish Fakey Setup Triggered
Price Action: Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed just above the $88.81 – $95.43 short-term support area, earlier this week (We suggested trading this setup in the April 12th, members' daily newsletter).
Potential Trade Idea: We are now considering buying on a...
Here is my view for WTIUSD on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello Traders!
According to my analysis first, a second things it's what's happening in Saudi Aramco’s Jeddah oil depot hit by Houthi attack.
USOIL will be go to a bullish movement start at Monday, as you see in my chart a bullish engulfing candle for a 3H and 4H time frames, on the 2H time frame we see that the bulls or buyers in control above the 200 moving...
The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching
USOIL TP: $110
CRUDE OIL – Futures: Buying After A Pullback To Support Area
Price Action: There is no new price action signal to note at this time.
The recent Bearish Inside Bar Pattern + Pin Bar (Combo Setup), didn’t trigger (We did not consider trading this setup, nor did we mention it).
Potential Trade Idea: We are still considering buying on a retracement lower and after...
XTIUSD LONG - Buy Entry - H4 Chart
Crude Oil Long
Buying Zone
Symbol: XTIUSD
Timeframe: H4
Type: BUY
Entry Price: Buying Zone
Major Resistance @ 118.125
Major Support @ 101.031
What I am portraying are comparable dips within the same fib rings of the circle
Coupled with a comparable recovery, and following rise
In the first situation price gets rejected just under the down trend line
In the second (current) situation price will get rejected just under the uptrend line ; inversely
Price will propel itself to new ATH's from here, a new...
Look for the beginning of trending upwards
Any break of level 116.51 could be a good sign for more way up
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Yesterday I posted my Buy Order at 123 and price action just hit my Take Profit at 128 as Biden just announced he will probably sanction Russian oil later today. This of course spiked prices up huge in less than 10 minutes.
How high will Oil go? Not sure. But I'm out of this market for now. I will keep you updated if there looks like another trade...
