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...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Sideways 2 📆Monthly: Bullish to corrective mode 3 📅Weekly: a clear bear trend is established with proper lower lows 4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6:...
This is my Analysis on OIL for this coming weeks, I see oil very bullish looking to form this bullish Head & Shoulder Pattern.
The USA is in a political battle over the price of oil with OPEC and right now they are winning, but how low can they go? Not too much lower actually, they need to start buying again to ensure their strategic reserves remain useful and not at risk of dropping below the requried levels to support the country in times of emergency. OPEC $64 - To ensure OPEC break...
Brent Crude Oil - Seem supported if we draw a 2 red arrow there. If this area indeed supported & rebound, we will see our KLSE energy moved. Might retest 100 as resistance here. Risk side, it might just be a technical rebound here cause there are no red chip aggressively appearing.
Just a quick look XOM gained 250% in just 2 years maybe fastest gain for this stock, from 2003 to 2008 it gained 200% almost took 5 to 6 years. War and sanctions boost oil prices but now we seeing Oil price declining but some oil companies stock still at ATH level like CVX. These stocks runs with supply and demand hard for these hold gains for longer period...
oil will follow dxy's choice. i expect a pullback on dxy and oil. with this pullback we will hopefully make a nice retest so we can get some nice shorts this i expect from zone 1, 2 or 3. set alarms and watch oil move and dxy move
A clear graphical representation of Neo wave Neutral triangle in crude futures . Target price and time are the exceptional advantage of EW trading for long term