Crude oil - Elliott Wave Count Certainly, here is the rewritten text: Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining...
USOIL is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 89. What you guys think of this idea ?
MPLX Price Targets : $38.89 $39.91 $45.24 MPLX LP Overview: MPLX LP is a diversified, large-cap master limited partnership formed by Marathon Petroleum Corporation (MPC). The company owns and operates a wide range of midstream energy infrastructure and logistics assets, in addition to providing fuels distribution services. MPLX's asset portfolio is...
WTI oil (USOUSD) is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 88.108 Why we like it: There is an overlap support level that aligns with the 23.6% Fibonacci retracement level Stop Loss: 86.519 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci...
wti us oil is bullish. I was thinking about the head and shoulder pattern but I miscaculated. It didn't make the perfect H&S pattern yet!!! How? okay...so the inflation is rising currently due to chinese re-opening. This is awesome for the oil demand. Let's catch this bull trend for short term for now. My target is until 88 dollar.
Price action analysis for WTI Crude Oil. Important key levels. Potential swing long trade explained. Trading recommendations & plan. ❤️Please, support this video with like and comment!❤️
Peace be upon you, according to my analysis of the oil market. There is a very good selling opportunity. The market has reached an important point, which is the 61% Fibonacci retracement of the golden ratio. It also reached a very strong resistance level at 89. We also notice the formation of a red candle with a tail on the 2-hour frame, indicating a strong...
Technical Analysis 15-minute chart: On the 15-minute chart, Brent oil is currently trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. This suggests that the bulls are in control and that the price is likely to continue to rise in the near term. 4-hour chart: On the...
Oil price trades rebounded strongly after finding strong support formed by the 50 moving average in front of the recent negative trading, to exceed the 88.79 level and attempt to return to the main ascending channel again, which leads the price to achieve expected gains during the coming sessions, on its way to visit the 90.39 and then 91.56 levels. As major...
USOIL New forecast The price perfectly fulfills my last idea and we profit about + 130 pip . The price of oil was unable to return to the main ascending channel, as it found strong resistance near the 88.31 level, which forced the price to rebound and correct downwards to move towards resuming the bearish corrective trend again. From here, the upward bias...
💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story. In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a...
The Israeli-Palestinian conflict supported gains in oil prices, but mail will slowly rise until there is no further conflict. Crude oil was blocked at the 21-day moving average. Secondly, the International Energy Agency (IEA) said last week that oil prices have fallen recently from their highs in late September, reflecting declining demand, especially in the...
Seasonal European NatGas is week, but typically in August the rebound starts regarding due to the hedging of winter demand. The chart already shows a potential pattern, i.e. a potential ABC embedded in a channel. If this channel breaks, we might see an increase to 45 €/MWh.
Fundamental punchline - Instability in the middle east! If the current Isreal-Palestine crisis widens to other states in the region, then oil production will likely be affected, therefore, increasing the chances of an oil rally. Technical Perspective - Bullish trend plus fresh bullish weekly price action from support area
I have marked the zone above which I am becoming bullish and expect testing at least POC of the same range and daily 89.30. After filling the gap we got a strong reaction. We are currently above 50 daily MA, above VAL and closing today we get a bullish divergence on the weekly RSI. We are monitoring the price and if they show weakness, I do not rule out...
⌚️Waiting to See Reaction to Inverted Weekly FVG ⌚️ ⚫️H4 Strongly Broke Through Weekly Inverted FVG ⚫️Nice Confluence at the Level With a Reclaimed Bullish H4 OB ⚫️Want to see Bullish PA from this Level 🎯Target: Weekly - OB 90.55 to 90.79
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📈Clean Long Trade Setting Up 📈 🟢Daily IRL Tagged 🟢Strong Bullish Reaction on H1 🟢Looking to Long Retracement into H1 OB with Bullish M15 PA. 🎯Target: Daily ERL @ 88.33