Price action analysis for WTI Oil. Structure analysis. Important bullish confirmation explained. ❤️Please, support my work with like, thank you!❤️
Hello Everyone We've had a very bullish week on oil World events influenced this no doubt, if it continues will have to be seen. These are the levels I am watching. Have a great weekend!
On a smaller TF we've seen Oil spike up & break structure, by taking out the previous high at $93.80. This indicates a change in structure from bearish to bullish. We're currently seeing an accumulation order take place (Wave II), where new buyers are entering the Oil market. The average retail trader will be scared to take advantage of this dip, which is...
The oil price has shown weak trading since the morning, stable around 90.70, and therefore, there is no change in the expected bullish trend scenario for today, which depends on stability above the 88.70 level, while its next targets are at 92.00 then 95.35. Pivot Price:88.70 Resistance Price: 90.70 & 92.00 & 93.37 support price: 87.71 & 86.40 & 84.58 The...
USOIL New forecast The price of oil rose strongly yesterday to exceed the 88.31 level and return to the ascending channel, heading towards achieving more expected gains during the coming period, on its way to visiting the 90.40 and then 91.53 levels as next positive targets. Therefore, the upward trend scenario will remain valid and effective for the coming...
Preferred direction: SELL Comment: Yesterday, oil still showed growth and we were forced to exit with a stop loss. However, the priority of sales remains and today once again we are considering sales from current prices with a target of 90.72 and even with fixation below. Thank you for like and share your views!
It seems that Crude moved rapidly upwards, a reversal that crossed the MA on its way up. Retracement is almost impossible not to take place considering oil's volatility. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is...
The crude oil news has basically not changed. Based on my crude oil trend analysis on Thursday, the overall trend is still upward and will continue to rise after a slight correction. Operation suggestions: buy 87.5-88 tp 90.5-91.5
Crude oil targets resistance at $88. The important level after that is $90, which is a resistance level that the market needs to break. The prevailing sentiment suggests that it is only a matter of time before the market rises to these levels. Crude oil also found support from the 50-day moving average below, which acted as a stabilizing force. Additionally,...
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 04:39 AMEX:UNG Stock Forecast 05:16 USO Oil Stock Forecast 06:27 Gold XAUUSD Stock Forecast 07:21 Silver XAGUSD forecast 06:37 US dollar DXY Stock Forecast 10:37 QQQ Stock Price Forecast 13:36 Sp500 ETF Price Forecast 15:00 Tesla Stock TSLA Forecast Technical Analysis 17:14 Nvidia Stock NVDA...
There has been a lot of fundamental news in crude oil trading recently, with hospitals and schools in Gaza being bombed, and Iran calling for an oil embargo. Why haven’t oil prices exploded? Three major factors indicate that oil prices are in a storm! 1. OPEC+ has no plans to hold a special meeting and take immediate action. Judging from OPEC+'s recent...
US Oil forms this great cup and handle formation, we then break neckline and get continuation entry, we fall back to neckline and as you can see we get this RVI divergence develop we can try a long on a pullback of fridays candle, we can aim to equal the high or break it!
Crude Oil - Elliott Wave Count Based on the current market trends, it appears that there is a bearish sentiment prevailing. As a result, it is likely that we may witness a decline in the value of the asset to 85 or below. It is important to note that we have set our stop loss at today's high, which means that if the price breaks above this level, we will exit the...
Natural Gas - Elliott Wave Count this is an update to the previous view. Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent...
WTI Crude Oil is on a neutral technical outlook on the 1D timeframe (RSI = 54.002, MACD = 0.110, ADX = 20.935), naturally so as it is ranged between the 1D MA50 and 0.618 Fibonacci level for the past four days. The MACD now formed a Bullish Cross, which gives an edge to buying but only if the 0.618 Fibonacci level breaks. A similar fractal in May-June offered...
Natural gas - Elliott wave count Weekly chart seems like bearish which is completely opposite to our view which we posted earlier.. this bearish view also possible so better be careful or atleast wait for some good reversal signal to take buy. This is an update to the previous view posted.
This chart consists of USOIL, Heating Oil, Gasoline, Natural Gas, Palm Oil, and Rubber futures. Every one is tailored to a Fibonacci Layout. There are two sets of extensions. They interlap and work together. One must look for the support and resistance to verify its authenticity.
The week concluded with crude prices surging by a staggering 7%, leaving investors on edge as the Middle East crisis intensified. Israel's announcement of a ground assault on Gaza propelled the region into a new phase of heightened tensions, further fueling market uncertainty. As we look ahead to the coming week, two pivotal factors will shape the direction of oil...