Oil completed 5 clear waves near 74.30 per barrel, wave % can still be extended thats why we will be watching out for a final leg up and not put tight stop loss. the expected next move is a 3 waves pullbakc that might retrace back reaching 68$ per barrel as a first target. if broken we will be looking into a deeper correction.
am think ol west texas int is gonna have a full retrace of recent move to the upside back to the green box which will be a good buy. building short position now. WTI looks bullish for the next few days so will be able to fill even better short entries imo. SL @ 80
Our updated Crude Oil chart shows price on top of ascending channel and about to get a reality check. Inflation, yes. Lockdowns finito, yes. Still, a correction now is needed, especially if you haven't filled your cars this week. the FXPROFESSOR
newly old move very bad , effect by news or manipulation by big companies we advice trade on gold futures GC1! ,it is very trendy (never reverse on it) if you like scalp, voltile market try germany index dax FDAX1! above instrument have micro contract too you can trade with 500$
After the recent drop under 60, bulls took control and drove the price to 66 resistance again. The bullish sentiment for Oil is obvious and a break above this resistance looks imminent The next technical target is 75
Crude oil is very close to a year's high. 66.3 - 68.0 is a strong supply area. Chances will be high to see a pullback from that structure. To short it wisely, wait for a bearish breakout of a rising wedge pattern. It will be a perfect confirmation. Goal will be 62.3 (closest strong support) In case of a bullish breakout of the underlined structure, the...
short term signal. be careful. save your profit in middle.
The EIA Crude inventory came out at 7:30 am. Actual -7.990M Forecast -2.346M Previous 0.090M. Very bullish for crude prices, reacted as expected until it hit $66.80 then slammed down. Overall...I expect the market to take out the $66.80 as we are now recovering. Still...one wild ride that happened in an instant!
Hello again, traders. Long time to not post anything over here. Since yesterday I had this operation opened. A nice short in WTI. My main entry was in the orange line but once I saw price was not going to reach it, I had to switch into LTF to seek a refined entry. At least, I was sure price was going to go down around that zone so I took my risk and pulled the...
#WTI #oil futures has been my favorite trade over the past few days. Technicals and fundamentals are lining up for higher prices. The fundamentals story is pretty simple...we are coming into the summer and COVID restrictions are lessening...so demand will be greater (and likely a greater rate of change than many previous years). On the technical side....it...
Hey traders, Since my last analysis on crude, the price has respected a support line of a rising parallel channel on 4H. The market formed a double bottom formation on that and broke its neckline. I expect bullish continuation. Next goal - 64.0
Pattern: Channel Up on 4H. Signal: Buy as the price rebounded on the Higher Lows trend-line of the Channel and is supported by the 4H MA100 (green trend-line), which has been the Support on the November 2020 - February 2021 uptrend. Target: 66.00 (just below the 66.40 Resistance). ** Please support this idea with your likes and comments, it is the best way...
Hey traders, I keep monitoring oil chart. Based on my recent analysis, the price is currently retesting a strong daily structure cluster. It looks like the market maker decided to push the price lower, invalidating my previous trading plan. Now I am watching carefully a strong rising trend line on 1H chart. Currently, we see a test of that trend line and...
WTI is retesting strong daily structure support. Because the trend is globally bullish, it may give us a perfect spot to buy. Our confirmation will be a range breakout on 1H. 62.8 is its resistance. I want to see 1H candle close above that first. Targets will be: 64.2 / 65.8 Remember, while the price is within the range, the indecision remains. Wait for a...
Crude is currently consolidating within a symmetrical triangle, as seen on the 4-hour chart. A breakout looks likely as repeated failure on the part of the bears to keep prices below $59 since March 18 indicates the pullback has run its course. A triangle breakout would open the doors for a move above $62. A triangle breakdown should be viewed with caution due...
#oil has been a tough one to chart. The narrative certainly backs printing higher...though it looks like a descending (bearish) triangle. Wave count right now shows bullish...but we really need to clear 61 soon.
Here we clearly see an uptrend creating distinct HH's and HL's + fundamentals suggest OIL to go higher