Dear Colleagues, price is in a pretty strong downward movement. I suppose that the price fall will continue and after confirming the fall I will redraw the Elliott waves. So far, I assume that the price will reach the support area of 71.21. Before this decline, it is possible that the price will update the maximum a little more and reach the resistance area of...
HELLO FRIENDS!! As I can see USOIL is now trading above the uptrend line and it will be more bullish because of Asian Demand and War in Middle East Technically also it showing us clear view that it is holding above the support level and trading in bullish trend after a small reversal we expecting more buys in USOIL Trade As you can see our pervious entry on USOIL...
I'm expecting IOC to hit 150 and 195 respectively. NFA. DYOR
Currently watching Crude Futs (NYMEX) to clear an Intermediate term High at 79.00 Big Fig. As my mentor says... "To & Through" Reasons: Crude Bullish Seasonally until march/April (Possible Quarterly Shift to downside) Commercials Net LONG DXY Bullish Failed to break lower on Daily (Indicating to me higher prices are in order) HTF MMSM, however Long in...
Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 76.54. Taking into consideration the structure & trend analysis, I believe that the market will reach 74.95 level soon. P.S We determine oversold/overbought...
My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 76.54 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 74.85 About Used Indicators: The pivot point itself is simply...
Oil has found support in a demand zone, with a retest of an upward trendline and a 0.62% Fibonacci level, suggesting the possibility of a recovery towards new highs. On the chart, I've identified a yellow box where the price could consolidate, drawing liquidity below the swing low before resuming the upward movement. As for the fundamental analysis: Qatar is...
CRUDE on Monthly support, seems like holding it, safe traders may wait for trendline breakout, risky may enter with SL below support. Levels on chart. -View for education purpose only. Saptarish Trading.
Hey Traders, In today's trading session, we are closely monitoring USOIL for a potential buying opportunity around the 74.70 zone. USOIL has been exhibiting an uptrend and is currently undergoing a correction phase, bringing it closer to the support and resistance area at 74.70. Adding a fundamental layer to our analysis, it's essential to consider the ongoing...
#COTIUSDT UPDATE Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about COTI. COTI is exactly on the way to our main target as we predicted few days ago. Already 100%+ gain so far. ✍
In the one-hour timeframe, the price has reached a support range. We have to wait for the news results. If the news is positive, this level will be broken.Which is likely to be the case.
Multiple time frame analysis for Crude Oil. Daily/4h time frames analysis. Price action, key levels. Bullish outlook explained. ❤️Please, support my work with like, thank you!❤️
USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They...
🔸Hello traders, here's a short-term gold market update, this is 2 hour price chart. recently price action is contained within well-defined price range. 🔸Range highs set at 2050 usd, range lows set at 2015 usd, premium prices overhead at 2055/2060 usd, below at 2010 usd. currently trading at 2033 usd near mid-range, no trades recommended in mid-range. 🔸Short-term...
Yesterday, oil was supported twice around 71.4-7.16, and now it is around 73, which shows that oil is still mainly range-bound in the near future. The main pressure point above is around 74.5, followed by the trend suppression point of 75.4-75.6 The short-term suppression point is 73.7 Usoil:sell73.7-74 TP:73-72.7 Prudent Trading...
Pure technical analysis. After a fairly strong bearish movement on Thursday and Friday (1 & 2 Feb 2024), USOIL touched the lower channel (D) at a price of 71.798 and seemed hesitant to continue the downward movement at the end of market closing. The formation of leg D is predicted to form rejection so that market movement will reverse to complete wave E at...
According to the formed pattern, it can be expected that with Kendley's confirmation, she entered the short trade in this range for the specified purposes.
Good evening and i hope you are well. wti crude oil bull case: Amazing day by the bulls. They broke strongly out of the bear flag and made the market always in long on the daily so i expect follow through to 78 or higher. bear case: Bears see this as a trading range and they want the market to form a lower high below 78. After such a strong move on the...