Here I expect bullish price action, as the price took out sell side liquidity from the low of 27 of May and rejected from bullish orderblock H4. Also, on H1 timeframe you could see how the price filled perfectly the imbalance.
Hello,Friends! USOIL is bullish right now And I think that the market conditions are right For the pair to move up Therefore, I think it is sensible to go long! Like and subscribe and comment my ideas if you enjoy them!
Us oil has been on a HTF uptrend, it has come for a retest or pullback most probably to both HTF ascending trend line and key level. A LTF break of the minor resistance at this important level has shifted probability to buy setups...
Crude oil is retesting a solid horizontal key level. The price formed a cute double bottom formation on that and broke its neckline. Now I expect a bullish rally to 117.6 / 119.0 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
USOIL_D1 Bearish Butterfly Formation, Market will be Bearsih Revesal under 120 you can use sl 121.45, let see market condition, if you like my idea follow me and share your opinion... Thank You
I think in long term we will have USOIL tank to $60 levels or lower. 1) Ukraine and Russia war will end. 2) More dollars will flow back into the stocks, Forex, and crypto markets. 3) More OIL will be produced here in the US and we will not go back to foreign countries. 4) Gold prices will drop because the war is heading to an end. 5) Expecting a nice drop by...
Looks like my prediction was correct from Friday. I was thinking we may have a spike on Mon and here it is. How long will it last? not sure... But, I'm looking at a top out of 8.8 or 8.7 So I am looking at putting in a Sell Order around there tomorrow or Wed. I'll keep you updated. Heiko
i'm just going to straight up say it, the top is in on oil. Very clean 5 wave impulse which had begun two years ago has finally been completed back in February. ---- predicting the crash of oil prices in the next few weeks. i don't drive, so i don't really care for it, but, it should give all those drivers a bit of relief. ---- conservative downside target =...
VCP Pivot: 175.27 Stop 159.10 Avg Cost: 175.27 Risk From Pivot: 9.22% Position: Full defensive: 500 USDs Risk Oil, Gas and Coal keep showing strength on this difficult market. Adding small positions one day at a time. Overall exposure now @11.5% mainly on Commodities & Healthcare
The two triangles presented lead the trend based on support levels creating sentiment based on economic data.
WTI crude surpassed the resistance level of $115.7 per barrel (highs of March 24) and reached an intraday high of $118 per barrel before retreating to $116 per barrel as of this writing. Earlier today EU leaders agreed to ban about 90% of Russian seaborne oil by the end of 2022, renewing worries of a tighter global energy market. Germany and Poland decided to...
Time To Exit Longs in Crude WTI Will See Big Downside Till Todays Close Target will be 114. and 111.50
5.31.22 Follow up on an OIL trade, and ways to handle oil............................................................
INVESTMENT CONTEXT After choppy negotiations, the EU finally agreed on May 31 to ban oil and petroleum products from Russia, with a temporary exception for imports carried via pipeline Inflation reading in EU for the month of May scored 8.1% on a yearly basis, well above median analyst estimates of 7.8% and April 7.5% reading, underscoring inflation is...
after the breakout with force of this powerful resistance we can take a buy position
Oil has rallied significantly off news that the EU is planning to ban Russian imports of oil , despite the fact that Russia supplies 27% of the EU's oil and 40% of its gas. Crude oil prices soared off this news and we were able to smash through a relative high at $116. This was our target from earlier. Recall that last week, we noted oil's relative strength...
Just a quick update that the first trading day of a shortened week, in the pre-market hours, is seeing crude oil prices spiking in excess of 119. As previously mentioned, was already in the works for weeks. Now very clear. Hello to more runaway inflation…