Oil is bearish and most likely will test $60-$65 range.
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
Simple 1+1 equals 2. There's a couple factors here. 1) Long-term support since March 2023 kept with multiple re-tests. 2) Long-term 8 month wedge consolidation with recent Jan 2023 breakout up together with RETEST of that breakout at 74.80-75.20 as of today. If the week closes above this support, VERY high chance for continuation of breakout up and 80's-90's...
$CL1! is rocking today right now its sitting at the 61.80% fib level on the 4hr chart im looking for a push up to retest my zone karound $80.00
i am not your investment advisor, so its just my analysis on SPX and always go with the flow and never enter without confirmation. Always use stop loss and always follow the trend as trend is your freind. Consistency and patence is the key to success! US OIL CRUDE OIL SELL TRADE
CRUDE OIL: as you can see it broke out from a trendline and came back to grab some liquidity. this is why it's good to have patience in the market. we can also spot a double bottom which signifies an up trend. TIPS 1: always wait for a for a retest when a trendline is broken 2: always map out zones in every trendline breakout as I did so. 3: also it is advisable...
Wait for the price to come in the yellow zone shown in picture then buy long. Entry = 80.75 - 81.10 Tp = 85 - 85.40 Sl = 79 - 79.30
Just like gold OIL will be fall! DXY on the rise! Stay tune for updates
HI PEOPLE WELCOME TO DECRYPTERS We may see 4H to Play first and NEXT WEEK Possible REVERSAL in oil, AS Reversal pattern is on Daily Timeframe it will take 7-13 candles At least to reach Targets 0f 86$ - 88$ , The Demand for oil will increase once china is Fully open
Expect crude oil to fall. We wait until it hits the area 82 Its great resistance for dropping oil.
Hey everyone, it looks like smart money bought really cheap in Covid crysis turn and now the prices are really high Fundamentals are all bad sh1* all here and there now but the chart and TA indicators speaks for itself on this Weekly chart for me. What I see is rising wedge formation with bearish divergence all over major indicators with very likely double top...
Hey everyone, after a patient play out of short seen below, finally a long setup popped up on me. I see a finished EW correction topped out by falling wedge formation with bullish divergence on indicators. Markets turning bullish and with Bitcoin and cryptocurrencies , I´m adding in bag some oil longs. This is very nice and conservative Risk:Reward 4...
Like my previous analysis, i am looking to see if OIL rejects or breaks the trend-line which is at the $80 level. Coincidentally, this is also where the 50EMA is at. I would want to see what it does at he 80-81.4 price. 80 price is at the trend-line and 81.4 is the previous resistance. If it breaks that level, we can see a nice push to $90s. If we see rejections,...
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💰😍
As i said before , oil can reach 88 . What to expect today ….. So yesterday we got the CPI numbers 6.5 , which meets the expectation and that is a good sign . Today oil targeting 81.5 -82 in my opinion its an easy target . Good luck
In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a continuation to the upside at the start of the new year. Although the volatile uptrend pattern appears to remain intact. Currently, XAU/USD is...