it hits 100 within a month 100% of the time. Really interesting action here when USOIL climbs above 77. Fating back almost 20 years, everytime USOIL climbs to 77 and then to 92 it then hits 100, 100% of tghe time. The magic 100 magnet is strong on this one.
Hello traders. I expect the price to end in a triangle, then we have to wait for the correction, which can reduce the price to $58. Are you agree?
Price has made a higher high so its likely to come back down to retest a level thats been previously broken Im waiting for the highlighted area to be broken so we can come down for a retest before we potentially shoot off into space or most likely 107.00
USOIL has previously given the respect to upper trend line 3 times prior to this and failed to break it every time. if oil moves up in the upcoming days area near 95-99 will be very important to decide if its going bearish or bullish in the month of February.
Hi there, As you can see, we got a DIVERGENCE on the HIGHER timeframe on the RSI and PRICE ACTION. PRICE ACTION is rising whilst RSI is getting lower. So We can conclude that a DROP is coming SOON. Our ENTRY will be on MONDAY 3hrs after MARKET opens because we STILL NEED to CHECK FOR FURTHER CONFIRMATION before entering the drop. Our PROFIT TARGET will be the...
The large descending (often bullish) channel in blue continues to suggest that Oil will continue to challenge the above prices. The weekly chart (not shown here) suggests that the trend is getting weaker with the print of TWO LARGE DOJI candles. This does not inspire confidence to buy this and better to just wait for confirmation. The plan continues to be...
Triangle formation on short time frame, look for short entry Key Levels : 81.2 - 81.8 - we might see significant support in this zone Observations : 1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart 2 - Current formation...
TVC:UKOIL in weekly , price of UKOIL has reached to a important zone which can act a resistance and push price toward down ... this is only technical analysis and we also need to be aware of OPEC meetings results and also fundamental news around oil . what is your opinion ? mention it in comments .
The economy will slow down will affect oil demand. And interest rate will hike this year it's should be pressure on main street business cost-push, so oil price will be decreased to balance the business cost side. I prefer to short WTI the target is around 71-74$ at first.
Oil is topping. Contrarian signals are going off everywhere. Take profits while you still can if you're long energy. The recession is here.
Heading for ~30 in short term before goes back to 36+ and eventually 40+ From 36 it may directly breakout or do break out post small pullback.
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices surged on Monday, with Brent futures reaching their highest level in more than three years, as investors anticipated supply will remain tight due to limited...
Thinking we are going to 1st test $86-$88 B4 a sub wave 4 starts and then completes around $78. After that sub wave 4 should end and sub wave 5 should start of the greater wave 5 which ends over $100 plus mid 2022
Oil is headed towards 85 level. Many analysts are predicting lower oil demand due to Omnicron variant but the impact is yet to be seen. We cannot expect the price crash similar to 2020 because there were no vaccines at that time and complete lock downs are very unlikely. Hence, do not wait to see the negative oil prices ;-) We use Aspen Trading Support &...
It's a classic technical pattern but not all traders trust their technical . I posted this a year ago when it was around $50 so we'r close to +100% profit if it hits $100 . So $OIL is bullish and we are heading to $100 .
We seem to have just about ended the oil rally I SEE WTI BACK UNDER 60 very soon as DEFLATION IS NEAR AND THE 10 YIELD HAS JUST PEAKED
$OIL Weekly Analysis From where we stand, today seems to be the day, which will determine the weekly trend. A bounce up in the $78.25 area should lead to higher high and a potential uptrend. If the lower trendline doesn't hold, I will be opening a short, targeting at least $76.90 and potentially looking for stacking short orders. Currently still in "'Sit Tight...
OIL Weekly Analysis (Short) Currently price is in the upper part of an ascending channel, approaching a downtrend line. There's confluence of three levels here - the descending trendline, the ascending trendline of the current channel and a resistance level. I am looking for a short position in the $78-$79 area with a relatively tight stop loss slightly above...