I see a breakout of an intraday horizontal resistance on WTI. After a violation, the market started to correct within the expanding wedge pattern. Test of a broken structure made the market bullish again. I think that bulls may push the prices higher today. Goal - 80.15 ❤️Please, support my work with like, thank you!❤️
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Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! CME:BTC1! NYMEX:CL1! NYMEX:WTI1! The current position of gold price is generally under some pressure. But once it rises, I think there is still a lot of room. The operation is mainly to buy at low levels. The low level around 2322-2323 is suitable for conservative traders to trade. Newbies should not engage in...
Oil, yesterday's lowest point was around 77.55, and the highest point was around 80. The main reason for yesterday's rise was the strike in Brazil and the closure of pipelines in Ecuador due to weather, which reduced a total of 450,000 barrels/day. Oil encountered resistance at 80 yesterday and rebounded from 72.4. The current high resistance is 80.6. According...
Crude oil's rally today underscores its recent resilience. Prices surged despite weaker Chinese industrial data, suggesting investors are expecting the oil market to tighten as we head deeper into the US driving season. Thanks to the rally, WTI has broken its bearish trendline that had been in place since April, finding strong support around $77.80, where the...
This is not SEBI registered. It is used only for Educational Purpose. Trade at your own risk. Natural Gas levels: Short/Sell Setup: Below: 237 Target: 225 Stop loss: 239 Long/Buy Setup: Above: 238 Target: 250 Stop loss: 232
Yesterday we saw a nice bulish displacement and I would like price to stay above the 1hr FVG.. We can wick bellow on the 1hr but leading into CME open I would wait for bullish price to reach to the 80.00 level which is the Daily FVG.. Once we close inside the Daily FVG we can start looking at CE of it.
Crude Oil Technical Analysis Daily resistance is 80-83.4, support below is 77-75 Four-hour resistance is 80, support below is 77.8 Crude oil operation advice: Yesterday, crude oil experienced a strong bullish rise around the 77.5 mark. In the Asian and European markets, the price slightly stepped back to test and stabilized at the 77.5 mark, ushering in a...
The macro formation of Brent's chart paints a potential dismal long term picture. Considering scientific estimations that the earth will run out of oil near 2050, maybe its not so farfetched after all? My previous oil charts with macro bullish outlook should be considered null.
USOIL - CRUDE OIL Open: 78 SL: 81 TP: 68 ================== Disclaimer: Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy. Any decisions made based on the information provided in this text are your personal...
Often times, the 200dma is a great dynamic support and resistance. See how effective it has been for the past 6 weeks as resistance as multiple attempts were made by the bulls. The up trendline was broken recently and last week it was re-tested from below. The round number 80.00 and the fact that long-term we are in a downtrend are all factors of confluence. There...
We are currently inside a 12$ Range on Crude Oil on the monthly timeframe. Support being 71.32 and resistance being 83.22. After two weeks of trading in June, Oil is up roughly 2/3 of 1 Percent. The First week being quite bearish but which was corrected, plus an additional some to the upside on the second week. Price came awfully close to the weekly resistance...
USOIL has been moving bearishly for some time now since it's overall higher time frame direction is bearish. It has recently formed an interesting structural pattern where it swept previous equal highs before breaking the previous low with MASSIVE momentum. It has currently retraced back towards the deep inner range, where the kick the this previous enormous...
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
WTI oil prices remained stable before the release of producer price data on Thursday. Oil prices may weaken as rising interest rates curb US economic growth. US crude oil inventories increased by 3.7 million barrels, while inventories decreased by 1.55 million barrels, and crude oil prices face challenges. From the daily chart level, the moving average system of...
Technical analysis of crude oil Daily resistance 78.4, support below 72.7 Four-hour resistance 76, support below 75-73.8 Crude oil operation suggestions: Crude oil fell first and then rose last week. The weekly line is in a wide range of fluctuations, and there is no strong unilateral trend. In the form of repeated tug-of-war between long and short positions, pay...