I advice my follower to not expect a significant movement in the crude oil futures market today, 8/29/2023. Crude oil prices are projected to fluctuate between $79.97 and $80.15.
Recent developments suggest that the European Union (EU) might start importing Russian oil through refined products from India. As prudent traders, it is crucial that we pause and carefully evaluate the potential consequences of this situation. Over the past few years, the EU has been actively diversifying its oil supply sources to reduce its dependency on a...
Natural Gas Gold Silver DXY Forecast. Big bounce but give most of it back
USOIL OUTLOOK Oil closed its weekly trading with an increase on Thursday and Friday, respectively, but the gains were not enough to compensate for the losses from the beginning of the week, which led the market to decline for the second week in a row amid signs indicating that the Federal Reserve did not finish raising interest rates to control inflation in...
Well well, H&S Short Position was there ready to be taken - but unfortunately Price Manipulators were also ready to defend.. First warning sign was wick reversal beyond 38.2% Fib. Second warning sign was another reversal just underneath previous wick for the Stop Hunt. Price action has since rallied above neckline, consolidating just under 23.6% Fib. In...
Day Trade Market Condition aug 28, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
USOIL is trading in descending channel and printing consistent LLs LHs. Currently the price is trading at important resistance zone. As the red candles at resistance zone indicating the sell pressure. If the sell momentum continues the red next target could be 77.50 region.
Newcastle Thermal Coal Futures breaking out of short-term downtrend + Neutral-Bullish Accumulation around 78.6% Fib Retracement. Still within larger downtrend after steep sell-off through later half of 2022 into 2023. (Coal) embers likely re-igniting due to recent China stimulus measures & other macro-economic influences, TBC. Highlighted preliminary Trading...
#NATURAL GAS... market is at his multi timeframe supporting level 2.45 its market most important and traded area form last few decades, again market is at his level and winter season is on his way, but it should hold this level for again bounce back.. otherwise downside we have next area that is mentioned on chart. 4 trade wisely good luck
Here is my short analysis on USOIL, if price breaks above the 80.35 price level, will look for a buy entry and my first target would be 81.64, if the price continues to be bullish, I have marked other Price targets above What is your bias?
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 81.826 Why we like it: There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 83.778 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci...
USOIL (WTI) is rising towards the sell entry at 80.424 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here to drop lower. Stop loss is at 82.803 which is a level that sits above the recent swing-high. Take profit is between 78.400 and 77.604 which is a multiple swing-low support that...
Crude oil Downtrend and range trading now, breakouts target given below Sell @6526 Crude oil Target 1 (6502), Target 2 (6435), Target 3 (6357)
The oil market is heating up, and it's time to seize this golden opportunity. The recent surge in diesel prices, a decline in oil rigs, and a refinery fire in Louisiana have caused oil prices to skyrocket. This is your chance to make a bold move and long oil! First off, let's talk about the surge in diesel prices. Diesel prices have been climbing steadily, which...
Crude Oil , It closes the week in the favorable zone after having a price correction, it can be a discount, but also the price can reject the resistance from 81 and retest 78, also a negative thing is that it made a LL on the daily after the neckline- the structure was broken and confirmed 2 days in a row with LL but every day it managed to close the day above the...
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...
US Oil analysis looks positive last week. price drops towards SnD area. if you look at the closing of the week the price was corrected but unable to form a new HH, chances are that next week the price will continue its bearish trend.
Crude oil is looking double sided, potential drop or bounce of support. Next week will be interested how it will pan out. Will support hold up? Will oil dump? The one day uptrend has been broken since the last high has been broken through and so far a little down trend has formed and it looks like Friday could have been a pull back to continue the 5th wave of...