This week I have a eye on 80.50 for price to reach. We have closed in the weekly fvg and now lying within a Daily FVG and Daily V.i The Daily V.i is important to reference as Monday we can trade higher into this.
Welcome . Analysis of the oil market. On the clock frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyone
The recent escalation in the Iran-Israel conflict has cast a long shadow over the global oil market. Already grappling with tight supply and high prices, oil traders are now forced to factor in the potential for disruptions caused by the ongoing hostilities. This idea explores the current situation, potential outcomes, and analyst perspectives on the future of oil...
Oil prices surged today, reaching their highest level since October 2023, amid heightened geopolitical tensions between Israel and Iran. The increase comes as Israel braces for a potential retaliatory strike from Iran following a recent Israeli attack on an Iranian diplomatic compound in Syria. This latest development adds another layer of uncertainty to the...
Due to the clearing of sellers in the local area, the price of oil at $14 is ready to rise again to this area and register a new ETH. "Beta version whale"
We are pleased to inform you that our previous four setups on XTIUSD have been successfully respected. We maintain our belief that our initial target of $100 is highly achievable. The price has rebounded effectively from our initial concept. At this juncture, we anticipate a minor correction before the price reaches our designated area. Our immediate target is...
Buckle Up for Black Gold: Hedge Funds Go Long Oil as Middle East Tensions Simmer Oil Bulls Charge as Geopolitical Heat Rises The rumble of tanks in the Middle East is echoing through financial markets, with hedge funds piling into long positions on oil futures at a record pace. This aggressive bullish stance is a direct response to intensifying conflict in the...
Crude oil currently continues to maintain a good oscillatory upward trend along the short-term moving average on the weekly trend. It also maintains a good oscillatory upward trend on the daily trend. Although it has gone out of a slight rise and fall, the strong technical form is still the same. Nothing has changed. There is a certain degree of divergence in...
Oil Chart Idea - 3-27-2024 Bearish for next few days/week IMO, It should retest the 0.382 (81.44 to 81.62) region and then goes back down to get liquidity from golden pocket (79.97 to 79.68).
At present, crude oil is around 86, which has reached the expected high point. Although technically bullish, this level is no longer suitable for chasing the rise. According to technical expectations, it should be temporarily suspended between 86-85. If crude oil does not stop in the short term, then the short-term market will exceed expectations, so it is okay to...
Oil prices reached their highest level in seven months, partly driven by worries that escalating tensions in the Middle East could constrain supply. Iran has warned of a potential "serious response" against Israel following a targeted strike in Damascus that resulted in the deaths of two Iranian generals. This incident has raised concerns about a widening...
WTICO (West Texas Intermediate Crude Oil) has recently been outperforming BCO (Brent Crude Oil). This trend coincides with an increase in US-produced oil replacing sanctioned Indian refined oil. Potential Opportunity in WTICO The shift in market dynamics could present an opportunity for traders considering long positions in WTICO. However, as always, it's...
I wanted to bring to your attention the latest trend in the oil market - prices are on the rise due to recent attacks on refineries in Russia. These attacks have caused disruptions in the supply chain, leading to an increase in oil prices. This presents a great opportunity for you to capitalize on this trend and make some significant profits by going long on...
Crude oil has been grinding higher since the December low, but after a 4-week period of choppy trade momentum has turned higher. Whilst $80 has been a tough level to crack in recent week, we suspect a breakout is now on the cards - 200-day MA has provided dynamic support - Falling wedge into 200-day MA - Bullish range expansion out of the falling wedge - RSI...
Prices have pulled back after hitting a four-month high of $83 yesterday on Monday. Russia has increased exports in response to Ukrainian attacks on the country's oil infrastructure. Saudi Aramco CEO Amin Nasser has rejected the idea of phasing out fossil fuels, calling it a fantasy. Looking at the daily chart of crude oil, oil prices have fluctuated for about...
The daily K-line of crude oil continues to run above the short-term moving average and continues to maintain a high and strong trend. There is currently no particularly obvious trend in the 4-hour trend. After yesterday's adjustment, it is expected that there will be a rebound trend in the short term. In the small-level cycle trend, after continuous narrow...
Hey guys! Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line. Reasons to open positions: 1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before 2) By moving into the flag we cross the support lines, and we...
Hello everyone. At present, crude oil continues to fluctuate at a high level on the daily trend, and the short-term moving average is basically in a flat state, tending to continue to maintain a relatively volatile trend in the short term. Currently, the 4-hour trend continues to fluctuate at a low level, and the K line continues to be under pressure. The...