USOIL, We know that as the year goes by and for as long as #Russia attacks #Ukraine we will have fluctuating oil prices. Hence there is an opportunity here.
A 'rising wedge" pattern is one of the most bearish candlestick patterns out there. It's when the highs consolidate with the lows in the shape of a sharp triangle going up. When the support trend-line breaks down - A trend reversal is usually ON! Meaning that from higher highs and lows the shift is to lower highs and lows and new lower targets are targeted....
1) The breakout above the down trend-line starting from the highest high , when the price went above 101, marked the beginning of the movement we've seen so far (+$8). 2) There's 2 technical scenario playouts: *Break above 108.20 with a 4h/1d close - 113.40 to 114.64 may be reached in the very short-term *Break below 104.50 with a 4h/1d close - 97.90 to 93.20...
The soaring back of cases of Covid-19 made oil prices corrected down. 2 popular oils are WTI and BRENT. Technically, this month there was a breakout and recently there was a retest. This will allow the price to rise again, then form a smaller triangle pattern. for the target of buy accumulation of WTI : 94.5. BRENT : 97.5 profit target WTI : 103 -104. BRENT :...
Is the Dollar fighting inflation for the fed by indirectly lowering energy costs ?
VDE tracks a market-cap-weighted index of US energy companies. The index includes those companies deemed investable by MSCI and covers 98% of the market.
Hello, Investors following a rigorous analysis I expect this scenario
Putin has proven over and over he has no intention of letting up or backing down . It seems the more the West pushes against him or paints a picture that belittles him he just takes it as motivation . This is not a man who shares our values, beliefs, and overall perception of the world . Wars go through phases. The last phase ended when Ukraine sunk...
Crude oil resumes uptrend. It just bounced above & hold the upper side of an upchannel, the orange VWAP from 3 Jan & the 50% FIB level. Crude oil is a very impt component of our economy. Not trading advice
Downtrend Gann Square . This analysis is valid until we break the yellow channel.
USOIL closed bearish today which wasn't really a surprise. Unless further political events or fundamentals have a bullish effect on USOIL then we see further downside from here. We need to get a better shorting location with confirmation before we could look for an intraday trade. My key levels to focus on this week are 103.40 /// 101.68 and 95.40. These levels...
simple analysis Trend lines have been relied upon and volume analysis and moving averages
Hello,Traders! CRUDE OIL fell through a key level And is now retesting is. I am locally bearish biased on oil Thus a further fall in price is expected With the target being the breakout low Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Daily chart of Crude Oil and Wheat are identical since 2021- Anyone has any idea what this means?
expecting a correction near 65 (wave (4) = 0.382 of wave (3)) in wave (4).
Volatility in markets creates opportunity, but as risk is always a function of reward, the more the upside, the greater the potential for losses. Since natural gas futures began trading on the NYMEX in 1990, more than a few market participants have lost fortunes in the market that has traded as low as $1.02 and as high as $15.65 per MMBtu. Over five times...
Taking a risk here with USDCAD to the long side, as it looks like a great risk-reward setup. This trade implies some a bias to the downside in oil. As previous posts will confirm, I have been bullish on oil; however - the recent failed move at $109, represents the second lower-high within a bearish structure. As such, I am comfortable with the expectation that...
A few weeks ago, we noted that we believe USOIL peaked and is headed lower. Indeed, we set a long-term price target of 90 USD. Now, we would like to change this price target to medium-term and set a new long-term price target of 80 USD. Additionally, we would also like to set a short-term price target of 95 USD. Illustration 1.01 Yellow arrows indicate the...