Dear Colleagues, price has strongly updated the low, completing wave 2. I suppose that the price can still make a small correction, but I put the target in the same place as last time - resistance area 81.85. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
West Texas Intermediate crude oil continues to trade within the upward-sloping channel. However, its bullish trend remains weak, as reflected in the relatively low (but growing) value of ADX (on the daily time frame). In the past two trading sessions, the daily RSI continued to flatten, Stochastic turned lower, and MACD performed a bearish crossover while staying...
Hello,Traders! CRUDE OIL is trading in an Uptrend along the rising support From where we are already seeing a Bullish reaction so I think that The price keep growing Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dear Colleagues, The price is trading in a small range and I suppose that the price will update the local high of 79.50 and reach the resistance area of 80.00. But before this movement a correction to the area of 50-61.8% Fibonacci level 77.45 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
✅CRUDE OIL is going up to retest a horizontal resistance of 79.63$ Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 77.50$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
DRQ shows notable Bullish Divergences on both the Monthly and Quarterly Timeframes at a 0.886 Fibonacci Retrace and is currently trading within a Falling Wedge. If the Bullish Divergence and Falling Wedge play out, I would expect to see DRQ make its way up to around $60 as a first target and around $94 as a full profit target.
Hello,Traders! CRUDE OIL has formed a Bearish wedge pattern And is now trying to Make a bearish breakout So we are bearish baised And IF the breakout is confirmed Then we can go short Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅CRUDE OIL went up again To retest the horizontal Resistance of 79.61$ from Where i believe we will see A local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Oil moving very smooth in our predicted direction! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈 Buyers still holding strong, making sellers fail in taking out the previous Wave 4 low. GET INTO LONG TERM OIL POSITIONS NOW!
I'd be interested to observe if the price initiates buy orders, capturing resting liquidity around previous highs, before transitioning to short positions. Let's wait
Dear colleagues, the price resumed the impulsive upward movement. I assume that this movement is wave 1 and it will end soon. Perhaps we will see the beginning of wave 2 today from current levels, but a more conservative and favorable entry will be from the resistance area at 79.37. In any case, I expect the price in the area of 50% Fibonacci level 75.49. Manage...
Price is finally showing a displacement to the downside, which allows us to start looking for pullbacks for a potential Short Position. Aiming to get a pullback to the upper OB, or OTE.
Dear Colleagues. The price has shown strong momentum. In the coming week I assume that the price will start an upward movement, as a result of which I expect the price in the area of 50% Fibonacci level 74.32. Last week's strong movement makes us re-draw the waves, but for this the price should make a correction to our target. Manage your capital correctly and...
The hopes for higher oil prices were shattered last week with the announcement of a potential Hamas-Israel ceasefire deal, which led to a quick selloff in the oil market. Following the invalidation of a bullish breakout above $76.14, the price of oil kept sliding lower, finally hitting a low of $71.43 yesterday. Currently, the WTI crude oil trades close to $72.80...
Dear colleagues, I have redrawn the waves as a consequence of the change in the trend direction. I believe that the price will still resume the upward movement, but for now I expect the completion of wave B in the area of 72.32. Before this movement, a test of the resistance area of 75.95 is possible. Manage your capital correctly and competently! Only enter...
The United States’ decision to conduct airstrikes earlier this week against targets in Somalia and Yemen provoked more aggression from Houthi rebels, who engaged in multiple new attacks against commercial vessels in the Red Sea and the Gulf of Aden. Following that, Yemen’s rebels claimed a successful hit to the U.S. military ship, which the United States quickly...
Dear Colleagues, after a long analysis, I suggest that the upward movement is not over yet. At the moment I suppose that the price is in wave C and should update the maximum of wave A 76.00, but to do this is not easy. The price should meet resistance and I see such a level - it is the resistance area at 79.37. I suppose that the price can make a small correction...
Price action has been very choppy on the daily crude oil chart, but if we place a line chart over the top is shows prices are trying to break out of a small triangle / pennant. Whilst these are usually expected to be continuation pattern, they can also make decent reversal pattern. And this case, we've see prices hold above $70 on a closing basis, and the lower...