The WTI also known as the USOIL made a massive recovery after dropping to $-19 a barrel and looks to return to its glory days. All my USOIL analysis have been accurate to date as this is what made me my 1st million. Understanding how the oil prices come about and what influences the price for oil on the markets. The price for oil looks to become even more...
The WTI/ USOIL also known as US crude oil/ XTIUSD is on a very strong bullish trend. I have set multiple take profit points in my previous chart analysis and look to take more profit at 84.5, 86.00 and 91. USOIL is a very great commodity to invest in as it has high volatility and in most cases a very clear direction. Although fears that countries will phase out...
The reward is near, you've held for months, we're now about to approach a significant price in the USOIL were most oil traders will feel that the market will change direction at the resistance level $91.50. In the next two weeks we will have a retracement where we will see oil sell from $91 a barrel to $84 a barrel. Most scalpers take such opportunities to...
With a 40% gain YTD, oil is marching towards its all-time high at 140..! I believe sanctions will be targeted Russia's oil and gas as well and we may see higher prices..! do not short Oil or Natural gas unless you see peace in Ukraine..! Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an...
Just an idea and trade at your own risk. EUR/USD is still bearish on all timeframes (4H, Daily, Weekly and monthly) and more to the bad fundamentals in Europe and big rise in commodities. If EUR/USD weekly closes below past week and month low at 1.1106 and after breaking previous demand zone, more downtrend is expected to the next demand zone around 1.08-1.10.
1. The slope of the blue slanted lines are derived from the two consecutive lows. 2. Then this line is projected to the next highest, and in time farthest point. 3. The slope catches the low of the -$40 level. 4. When projected backwards, we see that a high in the past is catched by the lines. 5. The lines catch the bounce. 6. A high potential target is the...
Crude oil price just hit a major short-term target near $104.00. We are likely to see a pullback here before another push is staged with a goal of breaking $105
GBPUSD broke uptrend line price below : - SMA 100 - key level around 1.3500 price rebounded from : - 38.2% fib level - resistance level around 1.3430 RSI in downtrend line below 50 MACD shows decreasing bullish momentum so its expected bearish movement to
According to UPtrendline channel Pullback by Resistance level Divergence on CCI Corrective Wave Fibo retracement Previous Weekly Analysis
Market Instrument: USOIL Timeframe: Monthly Analysis: Technical Structure: Resistance and Continuation of Bull Run Prediction: Bullish USOIL is very clearly approaching the 110 Key resistance which the chart has formed for many years during the price action. If the bullish pressure remains strong and efficient this will easily revisit 110 in the next few...
In this video we explain why we are now looking to take short positions in the Oil market. TLDR: - The fears of global supply problems from Russia/Ukraine conflict could be overplayed and that supply is able to be met by other suppliers increasing their supply within OPEC+ if Oil prices become a problem (which they already are). - Politically high Oil prices...
Cycle analysis suggests good risk:reward shorts. So I'm going to be looking for an entry up here with 20m (14) Atr as the stop loss, just beyond it
Be ready for this harmony pattern to be completed and then we take profit and we see if price action gives us signs of reverse so we can short from there. now go all in buy
Hello,Friends! USOIL current trading paterns are clearly pointing In the direction of a long trade That is why I am bullish on the USOIL pair And I think it will go up! Like and subscribe and comment my ideas if you enjoy them!
Oil has blasted off from yesterday's levels where it gapped up to the mid 90's. We found support at 95.24, and smashed through the next level at 96.88. After that, we made run back to $100, but are facing some resistance before that. The world is rearing from Russian supply fears, as it is in the top five oil producing countries (number two in 2022 right after...
Russia's invasion of Ukraine will most likely disrupt crude supplies locally and globally. Russia is the world’s second-largest oil producer. Russia is the main EU supplier of crude oil. To keep it simple, since Russia is invading Ukraine, this will cause major oil supply issues for the EU. If the US and other countries in the Middle East can keep the supply tap...