Due to the clearing of sellers in the local area, the price of oil at $14 is ready to rise again to this area and register a new ETH. "Beta version whale"
The analysis of USOIL (West Texas Intermediate) takes into account multiple factors influencing the current oil market. Geopolitical tensions: Growing tensions in Gaza and concerns about potential attacks from Iran in the Middle East are adding a risk premium to oil prices. These events could lead to disruptions in oil supply, increasing price volatility. Supply...
Crude oil looks good for swing trade on Weekly timeframe. Wait for confirmation on daily candle. Chart is self explanatory. Target and SL as per ur risk management. This is not an investment tip, Just for educational purposes, Kindly do ur own analysis and trade accordingly.
Crude Oil (May) Yesterday’s close: Settled at 86.21, up 0.98 Crude Oil futures slipped early yesterday due to the broader risk-off sentiment and saw further selling on larger builds within the weekly EIA inventory data. However, price action held major three-star support (newly adjusted to 84.55-84.69 and 84.90-85.10) before geopolitical premium brought a fresh...
A to B of ABC correction finished. B to C starts new.
Today's focus: Oil Pattern – Continuation? Support – 85.38 Resistance – 87.37 Hi, traders; thanks for tuning in for today's update. Today, we are looking at oil on the daily. After a surge from the USD caught a lot of attention yesterday, we are watching oil after it rejected a push lower by sellers and continues to hold in a potential continuation type...
CPI comes in hotter than consensus. IWM slaughtered / QQQ under pressure / SPY closes negative. Yields & Dollar ripping. Oil ripping / Natural Gas selloff. Are we entering a new reflation trend?
Solar stocks follow energy prices (crude oil) and AMEX:USO (oil etf) is about to break out. I read that chinese are outcompeting the west in cheaper solar products. ie NYSE:JKS TNX is at bull market, crude oil and yields correlate (not sure which one cause the other). I look at everything trough probabilities since nothing is ever known. Stocks do bad when...
There is something insightable happening with WTI oil. 90 strike and trade volume are attracting attention. Check out Monday's trading data below. But to properly interpret it, we need to look at the data in the context of how the price of the asset has moved. Comparing when the highest option trading activity was at the 90 strike and how the asset moved, the...
USOUSD price is in the support zone 84.90-95.45. If the price cannot break through the 84.90 level, it is expected that in the short term there is a chance that the price will rebound.
Here is our detailed technical review for USOIL. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 86.44. Considering the today's price action, probabilities will be high to see a movement to 84.27. P.S The term oversold refers to a condition where an asset...
BOX Formation has formed on Renergen. Also there is a rounding bottom. The price has broken above the neckline of the Rounding Bottom but not the box form yet. Once it does, we should get an easy indication that the market wants to head up. The nature of the analysis is Medium probability due to Price>20MA Price<200MA Target 1 will be to R21.82
Dear Traders, Hope you are doing great, US OIL has been extremely bullish since our last three entries and there is huge chance that we can get fourth entry on the point. There is gap spotted and in our view price can fill the area and bounce straight up from that region. Please use accurate risk management and take entry accordingly. Please like and comment for more.
Dear Traders, Hope you are doing great, US OIL we can see a strong bullish impulse in coming months, in coming months we can target US OIL to hit 79.00 region first then $85.. and final target will be $100. Plus, wait for price to breakthrough the bearish trend line and once it does you can take safe entry. If you want to take higher risk you can enter now with a...
Hi Traders ! The NATGAS Price Formed a Falling Wedge Pattern. Currently, The Price Broke The Resistance Line ! So, I Predict a Bullish Move📈 ------------- TARGET: 1.908🎯
Looking back, high probability positions buying RIG using macd and fib (50%). Following OSX sector, XLE. XLE/SPY.
Market positioning data from the COT report shows that asset managers and large speculators are piling into longs, yet shorts remain subdued. The price on the 4-hour chart also shows an established uptrend within a bullish channel. Prices have not yet completed a 3-wave retracement against the trend, hence the bias for a slightly deeper pullback before its trend...