Oil prices are rebounding following a recent dip, sparked by the International Energy Agency's (IEA) announcement earlier this week, contrasting events from Monday. Monday's decline was largely influenced by the OPEC+ monthly report, hinting at potential price increases. However, sustained crude oil recovery requires further momentum, with a significant catalyst...
I had posted a view on Crude oil that wave v should begin and rally till around 97$ mark a few days back. Here is a more detailed 4hour chart of the same with updated and detailed wave counts as to give you the idea what my views are on the same. Not gonna lie the fall below 76$ mark was not anticipated and did give a chill but the crucial wave 1 high of 74.69...
Crude oil held its structure and did not violate the imp wave 1 high of 74.69 and reversed from 74.88. From the 74.88 the Crude is once again seen rising in an Elliot wave impulsive structure. This chart shows the hourly counts while my previous charts on Crude cab be referred to for getting the bigger picture clear. Note*- This chart is for educational purpose only
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 04:18 AMEX:UNG Stock Forecast 05:18 USO Oil Stock Forecast 06:48 Gold XAUUSD Stock Forecast 08:13 DXY US dollar Stock Forecast 10:03 Silver XAGUSD
US OIL New forecast The price of oil rose during previous trading to approach the 78.00 level, reinforcing expectations of a continuation of the downward trend, and the way is open to achieving our negative targets that start at 75.70 and extend to 73.80. Therefore the downtrend scenario will be remain valid and effective ,moving average 50 support the...
Ever dreamt of being an oil refiner? Fret not. You can operate a virtual refinery using a combination of energy derivatives that replicates oil refiner returns. Crude oil is the world’s most traded commodity. Oil consumption fuels the global economy. Crude is refined into gasoline and distillates. Refining is the process of cracking crude into its usable...
As can be seen from the chart, oil has stopped falling, but it is not ruled out that it may go lower again. Today, it did not break through Friday's high of 77.7. Today, it is necessary to observe whether the oil will fall twice. If the decline does not fall below the support range of 75-76, it can be judged that the oil may have reached the short-term...
Oil price is hovering around the neckline of the double bottom pattern that appears in the chart, waiting for the resumption of the expected bullish wave for today, which depends on stability above 77.86, remembering that our targets start at 79.63 and extend to 81.23, taking into account that breaking 77.86 will put the price below Corrective downward pressure...
#USOIL.. market at his day resistance area 78.82 it will be market key level in today, keep close it, because if market hold it then again a drop expected from here otherwise not.. upside and downisde areas are mentioned on chart. trade wisely good luck
Hello Everyone. i want share my idea about USOIL price action. After strong up movement we saw some strong downside movement after touch to weekly resistance, this movement was so strong and it stopped to monthly support where price got good rejection and i think we saw some good reaction from that Level. WE NEED TO BE CAREFULL! The Weekly candle close below of...
Set up Long active This is a good opportunity with low risk.
Retest of 0,61 unitl leg 1 double bottom above support area -- false break out with recovery of price livel .. potential upside for the next move.
accumulation of new position I have three position long .. this is the last for a potential C
Hi. I'm starting to learn Lorentzian Classification. Thought it would be a good idea to take a chart that is hard to figure out with my standard methods (like Ichimoku). OK, let it be WTI Crude Oil. I additionally adjusted native indicator settings and added: - Source hlc3 - Show default / dynamic exits - Use Worst Case Estimates - Use EMA filter period I...
Ready for end year rally. ADMR looking to start wave 5 and try to break out the pattern. The demand and price of coal probably increase in the end of the year, so this stock will probably inline to increase significantly (hope). What do you think? Will it happen?
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 07:51 AMEX:UNG Stock Forecast 10:24 USO Oil Stock Forecast 13:33 Gold XAUUSD Stock Forecast 15:50 DXY US dollar Stock Forecast 18:20 Silver XAGUSD
OPEC, deflecting blame for the oil market crash, slightly increased its 2023 global oil demand growth forecast to 2.46 million barrels per day. The group's aggressive production cuts, aiming for $100 per barrel, face skepticism. Market bears challenge OPEC's strategy, selling consistently for three weeks. Questions persist about OPEC+ members responding with...