Day Trade Market Condition aug 15, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Price action analysis for WTI Crude Oil. Important key levels. Multiple time frame analysis. Trading plan. ❤️Please, support my work with like, thank you!❤️
Take a look at our analysis for USOIL. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 82.068. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 83.775 level. P.S Please, note that an oversold/overbought...
Context: Weekly – uptrend (UT), one-time-framing up Daily – uptrend Microstructure: Poor highs, poor lows Last day: value moved down Special notes: There are multiple signs of UT exhaustions: shortening of daily trend upthrust, daily volume dries up, last week value area overlaps with previous week Moreover, price is close to monthly resistance cloud....
Today, I expressed my point of view. The trend of oil is the same as I expected. The following is my point of view in the morning. Oil closed up for the seventh consecutive week last week, continuing its longest streak of gains in more than a year.Because the IEA expects that the increase in global oil demand and the decline in supply will drive oil prices up,...
Preferred direction: SELL Comment: Oil quotes are at fairly significant daily values. Sale transactions are relevant, and we are just looking for them, however, it is most likely not worth delaying the sale, since a more global picture is most likely in favor of the buyer. Targets for the current short trade are considered at the level of 83.42, not lower. ...
Last week saw a sharp move up from both support and resistance levels. Also as I said before this is unsafe and a red flag. On the first day of this week, WTI has fallen from 83.1 to 82.42, which also demonstrates my analysis last week. There may be a new support level around 82.2, but our target is still at 80.5. Invest rationally and get more signals.
Yesterday, oil prices continued to be suppressed technically, running below the 83 mark, showing a trend of shock consolidation. During the Asian-European trading session, the price was hit by the resistance of the 83.1 line, and quickly went down. In the afternoon, the price stabilized at the 82 mark and reversed. In the evening, it rushed up several times in...
Today, we dive into the recent developments that have caused oil prices to dip by 1%. Brace yourselves as we uncover the potential opportunities in this volatile landscape. With a strong US dollar and weak China economic data playing their part, now is the time to take action and seize the moment! The Mighty Dollar: China's Economic Woes: Call-to-Action: Seize...
Last Friday, crude oil technically showed the characteristics of minor shocks, recovery and recovery. However, the price in the Asian-European trading stage then fluctuated and fell back and fell rapidly, and then stabilized and rebounded after piercing the 82.3 line. In the U.S. market in the evening, the price rose slowly to 83.7 and fell back under pressure,...
Market Structure: Oil is in a downtrend making lower highs and lower lows and approaching a key level (resistance, downtrend line, swing high) and there is likely an accumulation of buy orders which are made up of breakout traders and stop losses of short positions. This accumulation of orders creates enough liquidity for the market to match orders at this high...
✅CRUDE OIL is trading in an uptrend Along the rising support line Which makes me bullish biased And the price is about to retest the rising support Thus, a rebound and a move up is expected With the target of retesting the level above at 84.00$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Day Trade Market Condition aug 14, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Hi all Can the price remain above weekly resistance once the market closes on Friday? Good Luck to all Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
i dont care about Wyckoff if it could break the 100 day zone its bullish otherwise bearish (60-70)
USOIL currently moving in parallel channel trade accordingly.
USOUSD is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 80.693 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 78.913 Why we like it: There is an overlap support that aligns close to the 127.2% Fibonacci...
I am writing to you today with a sense of concern and urgency regarding recent developments in the oil market. As you may already know, oil prices have taken a significant hit following the release of weak economic data from China, a key player in the global oil market. The recent slump in China's economic growth and the uncertain property market have sent...