Oil is ready for a pull back($20-25) before commencing a great BULL RUN to $100 + perhaps as soon as Dec (2020) to Feb (2021)
WTI is considering to be bearish in short term. I don't mean this momentum will create bearish cycle to crude oil. EU is dealing with Hungarian government to do sanction for russian oil. Only matter of time to close the deal. But it will go down until it makes perfect negotiation. MACD is also decreasing. Target to 97-98 around. I will analyze again as...
USO (US Oil ETF) - Weekly chart. Support, Resistance, Trendlines for reference. 10-Year Logarithmic chart. 05/11/2022.
Just an idea and trade at your own risk, OIL broke the symmetrical triangle pattern on the daily timeframe and retested the broken up line, which confirms further up move continuation to next supply area at 150. A break of current supply zone at 110-115 will confirm next bullish movement.
sell opportunity 15min chart rising wedge pattern target 94$ good luck guys ;) Use fokin stoploss hha
Cant explain analyze but i think this how its gonna go. target three equal lows.
Waiting for it to go higher and then go short if i get good bearish reaction from my wanted level. First target is 98$ second one 95 and last one 92. But i will take my profits at 98
Crude Oil USOIL seems to be following a very similar pattern Following this Idea, the next two days we'll be waiting for a pull back to 100 level, and then get into another rally. The Question is, Will Crude Oil Stay on pattern? or news and the economic calendar will take it out?
Oil may go up for the next few candles before it becomes the next victim of the market. Waiting for a solid signal like reversal candles or patterns to make a selling position above $104.2 Remember to trade responsibly Happy earning!
The big consolidation wedge from the last 12 months continues to support on the downside and so far capped topside. As we bounce here we look for key resistances levels and different scenarios. Buy Level #1 pullback to this zone 100.538 - 101.419 Buy Level #2 R/S Flip of 102.827 and holding of 50EMA (red line) easyMarkets Account on TradingView allows you...
Hello, I've been gone for some time now. busy with my job and backtesting and improving our code. Suffice to say, we saw a massive improvement in our backtest and also ability to capture psuedo-macro cycles, pretty stoked about that. Let's get over the boring stuff. Our algo was pretty efficient at capturing dollar moves and as of today, dollar (DXY) became...
Helloooooooo PIPPIN TRADERS!!! I'm back with another one. Natural gas is showing a sign of a small correction down to around 6.70 before we have another push upwards to 8.00. Good risk to reward...trade with care!!
USOIL - Shark almost complete, wanting a pullback into that 1H supply zone/imbalance before looking for continuations down to the D point! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very...
This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
After spiking to 130.50 on March 7 at the height of the Russia-Ukraine war, Oil (CL) has started to pullback and consolidate. Oil shows an incomplete bearish sequence from the peak on March 7, 2022 favoring further downside. Short Term Elliott Wave View in Oil (CL_F) suggests the cycle from March 7, 2022 is unfolding as a double three Elliott Wave structure. Down...
Todays wick shows good resistance off the 200ma. I am looking for a gap fill as shown on chart, especially with the anticipation that we hear good results on the consumer price index(CPI).