Recently, the technical trend of crude oil has mainly been volatile, with support around 76.5-75.7 and short-term resistance around 78.1-78.8. Trading is dominated by short positions, with long positions being secondary. Specifically, short positions can be entered around 78.15, with a target around 77.5-77, while long positions can be entered around...
Crude oil was suppressed by fundamentals and high pressure. Yesterday, the daily line fell all the way, and finally the daily line closed the negative line. Crude oil currently continues to maintain a wide range of oscillations on the daily line. The 4-hour level trend is also after a continuous decline. The current deviation rate is slightly too large, and the...
Fundamentals: On Tuesday (March 7), international oil prices tended to fluctuate.Previously, the UAE's withdrawal from the Organization of Petroleum Exporting Countries was proved to be untrue, and there was a need for technical correction after the surge in oil prices.And cautious investors are waiting for Fed Chairman Powell's upcoming testimony later this...
After analyzing the 4-hour chart of crude oil, it is found that yesterday's market first fell and then rose, rebounding after reaching support near 78. In the short term, it has broken through resistance at 79 and 80 and now support has formed around 78 and 79. If there is a substantial breakthrough and stabilization around 81.5, there is a high probability of...
The core of trading is not how much profit can be made in a single transaction, but whether one can achieve sustained and stable profitability over the long term. In the previous article, the strategy given for crude oil was to go long at 78.5, with the target at 80.5, and it was a perfect take-profit. Currently, the support level on the hourly chart is at...
WTI Oil, a benchmark for crude oil prices, has been gradually rising recently, indicating an uptrend in the market. By analyzing the available charts, it is possible to identify entry points for traders to buy at the same time as identifying an exit point. To further refine the strategy, traders can use different technical indicators to help them make informed...
Oil spot is looking promising for a short term buy into a short position at the top of the range. ill be looking for a impulse and continuation pattern to get involved long, whereas the short position will need a strong rejection and break down. Risk management and patience are king!
Peace be upon you. How are you? There is a high probability of oil rising with the formation of the ascending channel and the re-testing of the trand. What do you think my friends
An excellent area for oil support, which gives us a very good position with the break of the downward trend line and Gulback Also, please note that the analysis is done on a weekly basis ⚠️ This Analysis will be updated ... 👤 Banipal : @hosseinbakrani 📅 02.12.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Crude oil💥1D -TIMEFRAME ANALYSIS 💗Hello ladies and gentlemen This is my new idea for 💥Oil I hope my idea is clear Support me by like and share thank you Stay Safe💯💲💲💲 Good luck💰😍
Monthly Chart : Prevailing macro sallow bearish channel in play. Weekly Chart : Breakout of weekly bullish channel in the corrective phase of the market structure. Daily Chart : Double top intermediate pattern formation within the bearish channel. 4H Chart : Asymmetric expanding mini triangle pattern, with impulse breakout of 1H chart bullish...
Leaning long on this one based on Fundamentals. Although recessionary pressures dominating the short-run perspective, the medium to long-term both indicate insufficient supply to meet still growing global demand. Bullish over intermediate - long-term.
Considering the price ceiling of Russia and the stagnant inflation of the United States, it seems that we will end this winter with a lower price than expected.
Brent Oil: I don't think the downtrend is finished; I believe we will see lower prices on Brent Oil. However, I think the price has a correction or pullback to the trend line.
Commentary: Despite the optimism around the reopening of China from COVID restrictions, oil prices remain vulnerable to fears of a global economic slowdown. The EU’s price cap at $60 per barrel while OPEC+ is expected to maintain existing production targets adds towards the bearish outlook on price. Brent crude : Last weeks gains can be viewed as a...
True analysis. Tast's an update. Based on my analysis for OIL on Aug 2. To know about analysis, follow me and contact me if you have any comments or questions. (I will answer whenever I have time).