OPEC has recently made a significant announcement that they will be adding a staggering 2.5 million oil barrels per day to the global supply. This news couldn't be more opportune for those seeking to capitalize on potential gains. Now, more than ever, we have the chance to position ourselves and make a lasting impact on our trading portfolios. With OPEC's...
S&P500 (-0.1%), QQQ (- 0.31%), IWM (+ 0.04%) Tech was weak today and a bearish gap has opened on Microsoft & Apple CPI 3.3% YOY forecast.
Hi, today i will bring you an idea of a USOIL Long Setup, in this case i'm using basic concepts, considering the war of Israel vs Palestine too, i'm searching for longs since we will have an IRL>ERL Cycle as we had in LTF, which is where we took the Weekly FVG on OTE and then went for OTE again and reacted to the OB, now i expect us to take the pending Daily FVG...
Oil is up high in Friday's range. the closing price and high on Friday could be key.
hello everyone,The price of oil begins today’s trading with strong negativity, reinforcing expectations of a continuation of the downward trend, and the way is open to achieving our negative targets that start at 75.49 and extend to 73.80. The Stochastic indicator is providing clear negative signals now, to support the proposed bearish trend scenario, which is...
Technical Analysis: Support level $75 looks like resisting. After the forecasted rebound, seems the market stay cautious with a triangle formation on hourly time frame. Scenarios: 1. Scenario 1 - Positive continuation till the first target (ABC intraday structure). Strategy for Scenario 1: - On consolidation above $77 set the position's Delta to positive,...
Hello traders! The pair is in the consolidation area. Wait for the confirmation until the price has broken the line. Target: (1958.00) Be careful with the positions! War is unpredictable! Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Natgas is holding below the support (range), if it is able to get back, it will be able to make a retracement to 0.5 fib. Otherwise, if it is still rejected and the price closes under. Natgas will continue on 3d.
Crude Oil violated a major horizontal demand zone. The broken structure turned into a strong supply area. We can anticipate a further decline from that to 74.2 support. ❤️Please, support my work with like, thank you!❤️
Retesting a broken daily horizontal structure, Crude Oil formed a tiny double top pattern on an hourly time frame. The neckline of the pattern was broken after the market opening with a gap and a consequent strong bearish candle. We can anticipate a further bearish continuation. Goals: 75.9 / 75.5 ❤️Please, support my work with like, thank you!❤️
Analysis for NATURAL GAS on the daily direction has shown an upswing for a bullish trend that has respected the support levels. Since September 7th, 2023, we have seen a nice back and forth movement pattern that continues to respect the channels support range and resistance making this a prime target for us to be able to profit off on. Please enter with proper...
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This week, crude oil received support at 74.9 and the overall rebound rebounded. The week ended with an overall decline of 4.18%, and finally closed at $77.40. From a fundamental point of view, the reasons for the continued fluctuation of crude oil prices this week are as follows: 1. Russian Foreign Ministry Spokesperson Zakharova: Russia will not give up its...
A pretty bearish setup on oil that has developed the past few months with the head and shoulders breaking down last week below 77.5 and nearly tested 74. I have a bearish target set at the 67-64 range from here... my gas tank would like that.
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...
NYSE:CVX At 50% Fibonacci Support Level ### Technical Analysis Update: Chevron Corporation ( NYSE:CVX ) at Critical Fibonacci Support Level Chevron Corporation ( NYSE:CVX ), a major player in the energy sector, is currently trading at a key technical juncture, specifically at the 50% Fibonacci retracement level. This level is of particular interest to traders...
Brent on the daily chart, I see a technical signal that BRENT OIL is going up to test 87. After closing 2 days above 87 or crossing 87.6, the target will be 90 and 92.5 Stop loss 81
Natural Gas - Daily - Update These are my keylevels for Natural Gas on daily time frame