Yesterday we saw a nice bulish displacement and I would like price to stay above the 1hr FVG.. We can wick bellow on the 1hr but leading into CME open I would wait for bullish price to reach to the 80.00 level which is the Daily FVG.. Once we close inside the Daily FVG we can start looking at CE of it.
Oil prices edged higher this week, marking their strongest gain in seven days. This upward momentum came despite a somewhat ambiguous outlook for crude itself, suggesting the driving force behind the rise lies elsewhere: positive sentiment in the broader financial markets. Risk-On Rally Lifts Oil The primary factor behind oil's recent rise is the prevailing...
I've set up my TradingView chart for Crude Oil (WTI) in the 1-hour timeframe to understand the current market conditions and potential trading opportunities clearly. 1. Price Levels: - Right now, the price of crude oil is around $78.217. - I’ve marked key resistance levels at $80.278 and $79.988. These are the areas where I expect the price might face some...
The global oil market witnessed a balancing act this week, with prices finding temporary stability despite conflicting forces. While data indicating a possible slowdown in US inflation offered some relief, Russia's vow to cut oil production cast a shadow of potential future price hikes. West Texas Intermediate (WTI) crude oil futures, the US benchmark, remained...
After a lavish bullish Monday the next target is the Daily FVG. Pretty simple I have a 1hr fvg box if you can see it... that is where price should stay above for price to navigate higher prices heading into NY Tuesday.
Well we are in a sell program and we have respected this 1hr fvg. So the remit is pretty simple for NY open.. Wait for a retracement for bearish prices. The Bias is Bearish with the Magnet's as Price tragets for the weekly objectives.
Staying above 50 DMA is a good sign for LIOC. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content...
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The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, appear to be waving goodbye to their long-held pursuit of $100-a-barrel oil. This strategic shift marks a significant change for the oil cartel, which has traditionally aimed to manipulate production levels to influence global oil prices. A New Reality Sets In For...
Well yesterday all targets where hit and some! Today we have more targets to meet and London has not dissapointed so far NY we will see what happens but for now I have Monthly ssl and weekly CE of wick and the Daily SSL as 3 main draws that will act as Bearish Bias. That is the Forecast!
The recent OPEC+ meeting on June 2nd, 2024, resulted in a significant decision to extend production cuts. This move by the oil cartel, which includes major oil producers like Saudi Arabia and Russia, aims to navigate a complex economic climate and influence global oil prices. Here's a breakdown of the key takeaways from the meeting: • Extended Cuts of 3.66...
I am HTF bearish on Crude OiL I have PD arrays marked out that should be respected if market was to retrace and take some BSL. The targets for today are Lows marked out. Pretty simple. Stay bellow 1hr fvg and 1hr -OB = BEARISH Close above the 1hr FVG start looking for short term BSL
Short term potentially in a cup and handle pattern since June 2022, currently in the distribution stage around the bottom. Needs to close above 21M EMA for confirmation. An uptrend can start in Q4 2024, which would get the price to $125+ in 2025. Long term the price seems to be in an uptrend since 2016, if excluding the 2020 outlier. The resistance at 200M EMA...
So my target for this week will be the weekly open. Simple as that sounds we do have some bsl above however Im expecting price to deliver BEARish as per HTF and the rejection for the Daily FVG Be aware that trading is light we are in the last couple of days of the Month.
We had a very expansive two days From the Bank Holiday Monday and Tuesday. I do expect the market to slow down a little before we start to move higher to 81.50 as long as price stays above the 1hr fvg and the 1hr +ob my bias will be Bullish. If we close bellow these pd arrays then a retracement is in order and different targets will have to be looked at. Pretty simple
Looking for price to reach towards 80.11 this week.
I am looking at crude to make a retracement today after couple days of down movement its been nice but can;t last forever. So the arrows display where I think price will go today as a first target and second PDL Keep it real simple on Fridays you got the weekend coming and you don't want to go into it with a loss or a win stay neutral.
No we have Hit the daily FVG I am looking at the lows off 76.91 76.83 To be taken. In conjunction with my other forecasts this week of being Daily bias Bearish!!