Last week's our target came out perfectly, now I'm posting a new target. If last week the profit was taken from a long, now this week we aim to take profit from this short which looks very promising and which can bring a nice profit.
CRUDE OIL is trading in a downtrend In a local falling channel And after the retest of the falling resistance We are already seeing a bearish reaction So i think will fall a bit further down
This is a follow-up video to my previous publication on this commodity where we closed the week with over 1,000pips in profit (see link below for reference purposes). The price of oil dropped by about 10% during the course of last week trading session and this is likely due to concern about weakened demand in China and further increases to U.S. interest rates....
This is a crude oil series I'm doing as of late. In this video, I go over the daily cycles, Elliott wave, and some statistics for the month of November. Let me know your thoughts on what you see playing out in November for crude oil.
This is part 3 on crude oil. In this video, I go over the daily cycles and some statistics for the month of November. Let me know your thoughts on what you see playing out in November for crude oil.
It is fact that WTI crude oil gained about 10% in October following the OPEC+ decision to cut oil production but it doesn't appear that decision is making a significant impact as the price is unable to break out of the $93.50 area in the last couple of weeks. From a technical standpoint, price action is caught within a consolidation phase between the $93.50 and...
We have been on a profit spree since taking advantage of the breakout of the most anticipated key level at the $86.00 zone. On Friday, we witnessed a 5% rally in the price of oil, and this is not unconnected to China's decision to ease the COVID-Zero policy and the market overreacted accordingly. Remember, China is the largest importer of Oil hence the ability to...
The idea here is about Crude Oil Swing Trade: I am bullish on short term for crude oil due to the below observed technical factors. 1. Support established on a daily chart at the point of falling wedge as per below: 2. Deep Crab Harmonic pattern completed on a daily chart as per below: 3. Leonardo Harmonic pattern completed on a weekly chart as per...
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!
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
Previously, we stated that we wanted to avoid setting a price target for the short-term and medium-term because of high volatility and rumors (then actions) affecting OPEC's supply. Instead, we said that we would focus on our long-term price target of 70 USD. Since then, the price of WTI oil had fallen approximately 4% before erasing some losses. Today, we are...
Over the past few days, rumors about the OPEC production cut started circulating in the market, with some suggesting the cut could be between 1 mil. bpd up to 1.5 mil. bpd. Subsequently, the price of WTI oil rallied above 83 USD. This development comes in spite of OPEC's inability to reach its own production quotas and might temporarily lift the price of oil....
Brent Crude ⛽️ Oil ⛽️ has passed the main wave W by Zigzag structure (5-3-5). Oil could finish Expanding Flat (3-3-5) or Main wave X at 138.03$ . Of course, the War can change my Scenario, but I don't expect Oil to break 177$ . I expect the Brent Crude Oil to go DOWN at least to the upper line of Descending Channe & Support Zone . Brent...
Last week, our short-term price target of 80 USD was reached. Because of that, we would like to reiterate that we remain bearish on USOIL. In addition to that, we maintain our long-term price target of 70 USD. Illustration 1.01 Illustration 1.01 shows the similarity between the oil price pattern in 2008 and now. Technical analysis - daily time frame RSI,...
Wticousd More downside I m expecting bearish move and .long term sell trend .H4 market break the demand zone and gave the supply zone .so we will sell from supply zone
As per Elliott wave analysis Crude Oil WTI Futures is in 4th wave, expect it to reverse and go down to $87 area marked in red circle.