Hi Guys, XABC are the moves unfolded since 2 Sept. inside the violet circle in the daily snapshot below: It looks like an Harmonic Pattern/W-Formation supported at 36.(280), the same level it was when WHO declared pandemic emergency status on 11 March. The divergence in RSI between S2 and S3 is not as evident as it is in the daily chart but was enough to boost...
Crude is ready to technically take off. Next week OPEC news and reports.
$USOIL CHART Welcome Traders >> We Have Here Opportunity And Direction For $USOIL ! Frame : Daily ! ! Tools Details On Chart ! ♣️ Down Trend Line --- Waiting For Break Out To Buy ♣️ 61.8 Fibonacci Area ♣️ Volume Area Line >> Sell Target 📚 Vision : Sell If The Price Close Down 61.8 Area ^^^^ Buy If The Price Close Above 61.8 Area 📚 !! Please Take care Trading...
Last week, WTI Crude prices ended lower by 8 percent as worries over second wave of the covid-19 virus clouded the demand prospects for Crude. Resurgence of the covid-19 virus is a major setback for the already shackled Oil market. Alarming increase in Covid-19 cases raised worries over reinforcement of lockdown in major economies which undermined the outlook for...
Trade Based on Fundamentals and Price Action Approach. With Risk management you will never loss. Until the next Time. RidetheMacro.
Hello everyone In crude oil we have a uptrend channel since may 2020 so far the channel is intact and respected but soon we are about to make a critical decision Watch the price action on lower time frame on the key level of the charts for direction good luck and trade with care any question feel free to ask me :)
Watch the video and apologies for the bad voice quality . Hope it works for you and for me :) CHECK THE PREVIOUS OIL IDEAS WE POSTED !!!
hey guys, I know that many of you are struggling with making long-term predictions on wti. being fundamental trader or technician, the future right now is unknown. the only thing that we must admit for now is that the market is currently consolidating. we broke below the uptrend parabolic channel and now we are trading within a wide horizontal daily...
📌 macro financial level, COVID continues to be having a misplaced lasting effect among nations with locations like France and different European nations being hit once more with a 2nd wave. These unsure black swan activities make it very tough to give you alternate thoughts due to the fact any 2nd the important authority or authorities can intrude with the loose...
OANDA:WTICOUSD Looking to short Oil, could get down to 34 level. Could get double top entry
We will analyze the short trade we are planning to take on USOIL. Please read the entire post if you want to have the full idea of what we are doing here. REVERSAL SITUATION: The price has reached a significant Resistance zone and broke the bullish compression CORRECTIVE STRUCTURE: Now, after the bearish movement from the resistance zone, we can see a...
Failed to stay above 50 & 21 SMA. Rejection of the bounce with heavy volume and heavy selling from the start of the session. Bad news for demand forecast. Get out!
Crude Oil Long: 37.62 Target: 38.16 S/L: 37.41 Risking 3%
Sell on USOIL, targets are represented by the blue horizontal lines
After being short on this asset class for the whole week, due to a bearish stance on global demand, over supply, a tremendous rally presenting over bought conditions & doubtfulness in global trade agreements, after witnessing a clean break of the ascending trend line last week I increased my position sizing, with the negative crude inventory data released...
WTI reached strong daily structure support. though I can not say that it is the major zone of demand, the market is oversold after a massive selloff and pullback will be highly probable. on hourly, the price formed a double bottom formation and successfully broke and closed above its minor resistance. I will buy the market on retest aiming at 38.3 level good luck
Since 6 March 2020 when the level been broken heavily NOW, its been under test !! which is opportunity for shorting for small journey. So the plan: * 20 Jun candle will be the point our point planning entry, any clear bearish candle with be my confirmation after retest back level 40-39 $ * SL will be 41.80 Two levels will be interested: 1- TP = 33 2- TP = ...