We have resumed trading crude oil and in our most recent analysis we see the formation and completion a ab=cd harmonic pattern on the 4 hr chart. Price action has also reached a major support zone at the completion of this pattern. These bullish technical indications signaled us to take a long position; which has already started moving in our direction. TVC:USOIL
From here, I believe we will be going down to 63.37 where buyers may want to come in again. Disclaimer This chart is an opinion based chart only. Please trade at your own risk.
Should be an easy few pips here... up to psych level at 70.00... We've had some higher highs and lows on the hourly and a nice 4h pinbar most recently.... enjoy...
The BRENT.CMD/USD pair has been trading in a medium-term ascending channel pattern since the end of December 2018. The pair re-tested the lower boundary of the channel pattern at 66.50 during last week’s trading session. As for the near future, it is likely that the Brent crude oil prices will continue to appreciate and potentially hits the $70 mark before the end...
Possibility here on Crude oil. I'll be waiting for price to get into my zone, where I'll be going long.
buy crudeoil cmp 66.32 sl 63.15( closing basis) target 1- 73.56 target 2- 89.27 target 3- 95.35
4th wave end. It could make a more complex structure, but if not the 5th wave Impulse could emerge. Do your own Due Diligence. Goodluck!
Here we go again! Crude oil's super mega uptrend looks to continue! Last time we saw a trend like this was 2009, and it's a long time coming after the major declines in 2014. Quick summary why I'm bullish in the next weeks: 1. Overall bullish trend 2. Consolidate and form a higher low 3. Failed breakout lower, breakout higher My next target is 75.50, and if we...
As mentioned in the latest analysis, our LONG target was 65.25 – 65.50 region. Then we followed the bearish harmonic pattern, and our second target was 64.06. Price reached the second target and reacted. – 110 pips were not bad – We tried to explain the bullish and bearish fundamentals of Crude Oil. The main trend is bullish. Intraday Levels to keep eye on...
How does an oil symbol price move in relation to the EURCAD price
After completing Bearish Black Swan as we have published, retested the bottom. Price ended the week above EMA 50 Double Bottom Neckline is the first target.
CRUDE OIL main trend is up and i'm looking to buy the current bearih H&S pattern . S&R marked on the chart and targets above around the blue lines. Best of luck :-)
Long Crude Oil @ 57.00, TP @ 58.50, SL your choice
Crude Oil Forecast And Technical Analysis Nov 22nd Latest News And Fundamentals: Oil prices climbed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led production cut aimed at tightening the market will be extended beyond next March. It is obvious that Crude Oil Market is being supported by an effort led by the...
XOP appears to be looking to re-test the top of a massive wedge. Looking for contact around $38.50. Crude prices are providing a massive tailwind, I think we see $60 crude by December and $XOP will follow to the upside.
Fundamentals: "Crude oil prices settled higher on Thursday as ongoing Opec and non-Opec output cuts, fuelled expectations that global oil market rebalancing was underway. Saudi Arabia continued to cut oil output as inventories declined significantly in October, Saudi Energy Minister Khalid Al-Falih said Thursday while compliance with the Opec-led accord to curb...
Fundamentals: Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world’s top producers for extending a deal to rein in output and as the dollar retreated from three-month peaks. Saudi Arabia and Russia declared their support for extending an OPEC-led deal to cut supplies for another nine...