Energy Commodities
#GAS/USDT#GAS
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 3.55.
We are experiencing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 3.58
First target: 3.74
Second target: 3.83
Third target: 3.96
WTI Oil H4 | An overlap support at 38.2% Fibonacci retracementWTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher.
Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement.
Take profit is at 63.42 which is a multi-swing-high resistance.
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Crude Oil Dipped: Downtrend Could ResumeFenzoFx—Crude oil has begun consolidating around $63.5, a resistance level aligned with the 78.6% Fibonacci retracement. Selling pressure has resulted in a long-wicked bearish candlestick pattern at this level.
The primary support level stands at $61.45. A break below this threshold could trigger a new bearish wave, potentially driving the price toward the $60.20 support, reinforced by the 50-period simple moving average.
However, the primary trend remains bullish as long as the price holds above the $60.20 support.
USOIL | 4H | SWING TRADING Good morning, dear friends
Due to high demand, I’ve prepared a USOIL analysis for you. My target level is set at 63.600.
Once my target is reached, I’ll be sharing updates under this post.
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Oil Price Reversal? Why I’m Bullish on WTI Right Now! 🛢️ WTI crude oil is showing renewed bullish momentum. This move is backed by a shift in sentiment following the recent U.S.–China tariff truce and positive trade headlines. While OPEC+ supply increases and elevated inventories remain headwinds, surprise U.S. crude draws and strong jet fuel demand are tightening the market. I’m watching the current retrace. As always, keep risk tight—oil can turn fast! 🚀🛢️📈
Fridays BULL RUN CONTINUATION, Sunday EntryFridays entry at Break of POi(Point of interest) 59.892
Entry 2: Sunday Night 10pm
price retested previous high 61.084
Previous high, turned into new price Low
SetUp: Retest, Break + CLose of 1hr wick (61.281
Entry:
stops below hourly Low (60.970]
TP: 63.135 : filled @ 3am EST London Session Open
+174 pips banked
Crude oil trend todayInternational oil prices continued last week's upward trend. Brent crude oil futures rose 27 cents to $66.06 per barrel; WTI crude oil futures rose 28 cents to $63.5 per barrel. OPEC+ plans to accelerate the pace of production increase from May to June to meet market demand. However, according to market surveys, the production of the organization in April instead saw a slight decline. The expected production increase has, to a certain extent, curbed the room for oil prices to rise. The United States and Iran concluded nuclear negotiations in Oman and plan to continue consultations. If an agreement is reached, the return of Iranian crude oil supply will increase global supply pressure, which may push down oil prices. In addition, data shows that the number of active oil and gas drilling rigs in the United States last week dropped to the lowest level since January this year, reflecting that U.S. energy companies remain cautious about the future market. Crude oil showed a volatile upward trend, and the oil price broke through the previous high, reaching the expected price. The oil price has formed a three-wave structure. If the subsequent adjustment does not break through the channel, there is a high probability of a continuation of the bullish trend.
The increase in crude oil has approached the previous wide-range oscillation pressure level. Whether it can break through still requires some tug-of-war. In terms of operation, it is considered to lay out long positions on the pullback as the main strategy, with short selling at highs as a supplementary strategy. Pay attention to the resistance at the range of $63.5-64.5 per barrel, and the support at the range of $62.2-61.1 per barrel.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Crude oil gains could be limited. Here's whyAlong with other risk assets, crude oil has had a positive day, albeit a much quieter one compared to the major indices. It has been held back in part by the dollar also finding good support. So, I think a large part of the rally today in WTI is just a function of the market pricing in higher demand because of lower tariffs. Thus, it is the removal of a bearish factor driving prices higher, which could be factor for a while yet as market finds a new equilibrium. The underlying issue of an oversupplied market is what will ultimately determine oil prices. On that front, you have the OPEC ready to release more withheld supplies as it doesn’t want to lose more market share to non-OPEC producers. Thus, the upside linked to a brighter demand outlook should be capped. So, while I do think prices may rise a little further, I don’t think that we will see significantly higher prices with the current state of supply picture. I wouldn’t be surprised if $70 turns into resistance now on Brent, or if WTI holds this shaded yellow resistance range you can see on this chart around $65 area.
By Fawad Razaqzada, market analyst with FOREX.com
USOIL Is Going Down! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 63.388.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 57.927 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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IREDA India should target 253.8
Daily chart,
The stock NSE:IREDA has crossed a falling expanding wedge, and the target is 253.8, passing through a strong resistance level at 234.3
However, there is a strong Resistance line R, currently around 172.7
So, after stabilizing above 172.7 for 2 days, the target should be confirmed for a new entry (buy)
Consider a stop loss below 154, and raise the level along with the bullish movement.
Technical indicators:
RSI is forming a bullish direction - positive
MACD is about to cross up the zero line - To be assertive after crossing both the zero line and its signal.
Long Uranium and Nuclear via UECMy price targets for UEC. Based on the US Government's newly restored enthusiasm for Nuclear power & their borderline hostility towards dependance on other nations for much of anything, I think this All-American uranium company is ripe for a big run. I believe it will go way past my price targets and I may only trim half of my position if TP 3 hits.