In the one-hour timeframe, the price has reached a support range. We have to wait for the news results. If the news is positive, this level will be broken.Which is likely to be the case.
Multiple time frame analysis for Crude Oil. Daily/4h time frames analysis. Price action, key levels. Bullish outlook explained. ❤️Please, support my work with like, thank you!❤️
USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They...
🔸Hello traders, here's a short-term gold market update, this is 2 hour price chart. recently price action is contained within well-defined price range. 🔸Range highs set at 2050 usd, range lows set at 2015 usd, premium prices overhead at 2055/2060 usd, below at 2010 usd. currently trading at 2033 usd near mid-range, no trades recommended in mid-range. 🔸Short-term...
Yesterday, oil was supported twice around 71.4-7.16, and now it is around 73, which shows that oil is still mainly range-bound in the near future. The main pressure point above is around 74.5, followed by the trend suppression point of 75.4-75.6 The short-term suppression point is 73.7 Usoil:sell73.7-74 TP:73-72.7 Prudent Trading...
Natural Gas prices traded near the July 2020 low and also the same low placed in March 2016. But the Point of interest is that the price rebounds from that level, so it's a good time to initiate long positions but partially till 1.50. Its long-term setup holds it .it could be the best trade of 2024 good luck.
Pure technical analysis. After a fairly strong bearish movement on Thursday and Friday (1 & 2 Feb 2024), USOIL touched the lower channel (D) at a price of 71.798 and seemed hesitant to continue the downward movement at the end of market closing. The formation of leg D is predicted to form rejection so that market movement will reverse to complete wave E at...
According to the formed pattern, it can be expected that with Kendley's confirmation, she entered the short trade in this range for the specified purposes.
Good evening and i hope you are well. wti crude oil bull case: Amazing day by the bulls. They broke strongly out of the bear flag and made the market always in long on the daily so i expect follow through to 78 or higher. bear case: Bears see this as a trading range and they want the market to form a lower high below 78. After such a strong move on the...
In the daily time frame, the price is in the ascending channel. By examining the lower time frames, we see that the price reacted well to the bottom of the channel. Therefore, the expectation of price growth to the specified range is not unexpected.
Technical Analysis: - NG is still finishing a wave ((II)) in Blue in RED . We expect after a bounce in a wave ((1)) in Black - H1 right side is down - H4 right side is turning down Technical Information: - You must wait for the wave((II)) in Red to be completed in order to buy as( Position Trader))
The core bias remains for a move up to $77, but as price action during the current rally on the 1-hour chart is choppy and has stalled near resistance, we're looking for a dip lower to around $73. Also note that the weekly and monthly pivot points are hovering above the 10/20-day EMAs, which adds conviction that an interim top may be about to form.
Preferred direction: SELL Comment: In addition to the euro and pound , the priority for selling the US dollar also applies to other majors . In this case, we will analyze USDCAD . In the medium and short term, the instrument is looking down quite confidently; we do not rule out a potential small rollback upward, but the main mood is, of course, bearish....
Nat gas has broken critical support. Losing the $2 whole number is a big psychological breakdown. Since Nat gas is in a clear down trend making new 52 week lows, you must be mindful about being overleveraged in this asset.
Dear Colleagues. The price has shown strong momentum. In the coming week I assume that the price will start an upward movement, as a result of which I expect the price in the area of 50% Fibonacci level 74.32. Last week's strong movement makes us re-draw the waves, but for this the price should make a correction to our target. Manage your capital correctly and...
WTI Oil (USOIL) gave us one of the best bullish break-out signals two weeks ago (see chart below): Since almost touching the 79.75 Resistance, the price pulled back significantly and hit (even marginally breached but never closed) the bottom of the 2-month Channel Up. With the 4H RSI making a Bullish Cross, which was the absolute Buy Signal on the previous...
Hi Traders! USOIL is in an ascending price channel as it looks to break back above the 75.00 level. Here are the details: The price action looks currently bullish; the market swings are getting higher, and the price is about to break back above the 20 EMA. Our idea here is to buy market dips leading up to the 20 EMA break. Short-term targets are levels around...
🔸Today let's review the daily chart for crude oil . Recently price action contained within well-defined range trading zone. therefore it's recommended to focus on buying low near range lows. 🔸Strong horizontal support at 67 usd is a great entry point for a swing trade setup for the bulls, short-term expecting more losses, however downside will be capped by the...