Hello and welcome to my post ! OIL is still in a strong uptrend and we are just breaking out from a bullflag. We are getting strong resistances from EMA100 and MA200. Something worth mentioning is the purple boxes on the chart, they are indicating previously fake out areas, a think that might happen if the price action dosent break the previously mentioned...
Due to a supply scarcity, rising gas and coal prices are gradually driving utilities to convert from gas and coal to fuel oil. Oil-fired power stations have started up in Sweden. Oil demand will be boosted further by the United States' announcement that the travel ban for fully immunized international visitors would be abolished in November. This could result in a...
as you can see we are in a very strong supply zone that can led to the price of oil come down to 45$ but if that area broke to the upside it could go upside till 110$ so for now we will be just be waiting to broke one of this zones but im more bearish on it than be bullish
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Crude Oil market has shown itself to be resilient as we had initially pulled back but now are turning around to show signs of life again. In the last 2 weeks, the market...
hello traders today August 29 i share to my subscribers this chart about cl daily , in some words I will say that oil has been in a rising trend, now we are in a canal
After a correction push it now resting at 67-66 zone Upside breakout of that white zone could be choppy Down side breakdown could be smooth Just about the probability for more chances of easy flow (is downward) Analysed based on technical charts (considering) daily, 4h, 1h time frame
On 20th July 2021 USOIL halted its decline at 65.11 USD per barrel. Price traveled back to its short term simple moving average. Simultaneously, RSI reversed above 30 points, not piercing oversold line. This phenomenon tends to accompany strong trends of higher degree. In regards to oil it suggests that bullish trend of higher degree remains intact. MACD is...
Supporting News: Kuwait oil company selected Halliburton for digital transformation projects Crude oil climbed to their highest level since October 2018, on continued optimism about recovering demand as coronavirus restrictions continue to be relaxed in the U.S. and many parts of the world. Halliburton HAL rebounded from the lower boundary of the channel in...
CRUDE OIL POSSIBLY CREATING DOUBLE TOP PATTERN OR TRIPPLE TOP PATTERN ( NEED NECKLINE CONFIRMATION ). Crude oil suffers first weekly loss in May on Iran nuclear deal, weak demand; experts see sideways momentum Prices could witness some additional correction next week on demand outlook in Asia and a possible increase in output from Iran.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Oil is consolidating on 57$ to 61$ region for the last days, not much is happening but opportunity's are everywhere. First of all what is consolidation ? Consolidation is generally market indecisiveness, which ends when the asset's price moves above or below the trading...
During the past month, Oil reached a significant resistance level of $67. As someone should expect the price fell back sharply to $63 and to $58 within two weeks of time. Then the price started rising again and finally at $61 level. Oil has to pass two significant resistance levels to continue the bullish trend. The first is at $62 and the second one is around...
If oil break out top of channel it would be bullish.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Oil price broke the lower trend line of the ascending channel, for the moment i am looking for a retest of the broken trend line as we found support at 59$ and the indicators showing strength to the upside. As market moves i will updating this post stay tuned. Thank you...
my view about cl today before the start of the London session oil has given a good boost