☑️In this video I am breaking down both the fundamental and technical factors
That lead to the recent surge in Oil price
As well as giving my predictions concerning the price where the rally will stop.
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Hello Traders hope everyone are fine.
We see WTI prices in sideways movement (range $63.050 - $63.600) after oil prices hit a 13-month high on tighter supplies. The FED's assurance on ultra low rates, and the overall weakening USD also supports commodity prices . Oil prices see/saw additional support from the very rare winter storm in Texas which has caused the...
Negative divergence is clearly seen in all time frames and the first destination is $56 and then the continuation of the fall and the SL is $64 .
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I am going to take one more crack at this.
Oil...let's see what happens at this level.
That shooting start on the 1 hour makes me what something from this commodity.
Let's see. Maybe a little scalp before the weekend?
1% Risk 1.5:1RR
WTI Crude Oil above key area looking for 2019 highs $WTI, above key level of the $50 level, could have possible already put in the low at $47 for 2021. The last time in traded above this level is stayed in a range as highlighted in the blue range and was very profitable to buy this level every time it his this level until it eventually gave in the 2020 covid...
Even though WTI Crude Oil is still bullish on higher timeframes, it started to become bearish in lower ones.
Buy and Sell Signal forecast on 3 timeframes:
Sell on 1 hour timeframe
Sell on 7h timeframes
Buy on 3 days chart
If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at...
so you losted all your munz, so what? it cud always be worser. this is important history lessn for pro traders from a vetern who livd through the histori of stuff
ok so let me educ8 u, this happen a long time ago, i tink around... april 2020? ya
peepo was looky looky at da oils cuz da oils was droppa it was $2 buckarinos or sumtin and dey though: "hey i kno is...
The CADJPY pair attempted to form some correctional bullish trades recently, while the stability of 81.05 resistance blocks the bullish attempts and reinforces the chances of renewing the negative attempts.
Note that it is important to gather the additional negative momentum to manage to crawl below 80.50 level and open the way to record the main negative targets...
watch out for news from OPEC+
The pattern in the circle may be the beginning of a flag or a pennant.
Following the divergence with sentiment (RSI) between S2, S3 and S4, price started a pullback above Saudi-Russia Oil Price War levels of 43.830 where it formed the pattern inside the circle.
So far the pullback is made of an impulse(1), a...