Crude Oil Weekly Volatility Analysis 9-13 Jan 2023 We can see that currently the implied volatility for this week is 5.72% With this in mind, currently from ATR point of view we are located in the 74th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: *For calculations, I am using the data...
Oil is almost ready to go up massively ! Ive been day trading in buy only , just to catch the huge up side for me i still think 88 is easy target . GOOD LUCK
We have adjusted our priority scenario in CL. Downward acceleration in wave 3 looks most likely and could bring oil prices to $62.92. If the price of oil rises to $81.72 we’ll change our view. In support of our opinion, we also want to note: 1. Strong winds and mild temperatures will certainly reduce energy demand. 2. Bubbles burst in the financial markets. One...
On a we weekly we have gotten close to our resistance level we can get the following two plays: price going up and closing above 86.149 on a weekly chart or we may get pullback where then we will have to evaluate longs for now i am bullish since levels held perfectly my entries are pullback after retest (roughly as demonstrated on the chart) Let me know your...
Crude has been honoring this trendline since tagging my supply zone a couple of weeks ago. I think we have a good chance of tagging the 200 ema at around 88 but would like to see some consolidation for a few days, similar to the consolidation that occurred on Dec 19-22. Nice inverted H&S pattern forming plus all of the bullish factors I mentioned in my last post...
Yesterday we seen two tests of the price level 81 both times it did not break through could we see Crude Oil (cl1!) finally have a pull back after a strong bull rally for the past couple of weeks? Leave your thoughts down below !
Oil returned to the previous range Look for downtrends and sell positions
I'm still short on MCL but it looks like an ending diagonal is taking place for wave 5, IF this is the case i will expect an explosive bullish move to $97 once the pattern has unfolded. I will be patiently waiting, for now i will continue taking short trades
WTI Crude Oil is at a key support level now and i don`t think we have seen the last of it. OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day. It`s not much for now, but they will continue cutting the supply until they will get the oil to $90. I`m looking for a bounce to the $85 - $92 area before heading to $62 by the end of next year,...
CL1! analyses with POC, HVN and Elliott Wave ABC waves projection
Oil making trend continuous pattern for bullish move . Cup and handle formation indicates that price will go above and make bullish move today.
we are in a big extended triangle , after making wave d of this triangle , now it’s want to ready for making wave E , targets are at least $140 and above $200 for all 2023
It was a heavy week , but iam here now . Still in buyers side my target 88 $ Then we will see . I expect more upside . Good luck
Crude oil (WTI) created strong downtrend and continues. If we see weekly and monthly charts then we can see this candles as downside direction. But I don't think that it will go more down without any corrective waves. Firsly, we have to wait for 78.15 max then price will continue own movement again. My targets for longterm are 71.91, 69.28 and 65.80. Note:...
Expecting a barrel of XtiUsd to fall to $71.300 per barrel. As XtiUsd rejected from its two previous highs on Thursday New York opening and todays Pre-new York session. I'm looking for some market to to supply orders and hence which in turn will lead to this drawdown!!!
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...
Oil finished the down correction wave Oil now preparing to go up harder than you think Best buying area to me was in 75 So many people was thinking its going to 63 !!!!! No way Now next monthly target to me is 110 $ then 150 Good luck
I've done a full blown video on the analysis of this trade see my idea links below and the ideas behind the pin bar reversal price action training chart (how to enter the trade). We're in a downtrend so this possible reversal so i recommend a smaller risk trade, Beginners - Take profits on the way up after taking T1, move T1 and T2 your stops to zero (No...