$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...
Will look for a Sell or a buy in the marked POIs. No direct entries. Risk 1% and aiming for 10% on this trade. No indicators used. Pure price action. Like to keep my chart clean. Simply trading structure, nothing else!! All trades closed on the same day. Entries are taken on 1 min or lower timeframes. Stop loss is moved to cost after structure break. Don't...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices rose on Monday as the market began 2022 on a bullish note, with suppliers in the spotlight ahead of Tuesday's OPEC+ meeting, but rising COVID-19 cases dampening...
Hello my beauties. Trade I'm currently in. (from the utad). If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Since its last low, the the benchmark crude Brent recovered pretty well! We expect the price to further increase towards $86.68. Just below that mark, another corrective movement should set in. It is, however, important that the course does not fall below $69.22 now. Stay healthy!
Look how beautiful this bearish head and shoulders chart pattern looks like! My price target is 57usd. Looking forward to read your opinion about it.
I understand that institutions as well as market technicians/experts in OIL markets are very bullish on oil yet I believe that oil is deceiving therefore I see oil is extremely bearish hence i did not add entry or exit points for oil because this analysis is medium/long term trade and most people day trade plus my target is inconceivable.
Close To Trend Line Resistance And Has A Potential To Reverse For Small Target Enter After The Breakout Of Trend Line
● CFDs on Brent Crude Oil ( UKOIL ): 🕐 1M "Fig. 1" The development of the ending diagonal is expected within the wave (V) of ((III)) . _______________________________________ ● BCOUSD (OANDA): 🕐 2D "Fig. 2" From the end of wave II, there is a five-wave structure — an impulse that could be wave Ⓐ . If this assumption is correct, then the...
$OIL Long Setup 🔵 Entry Level: $ $71.07 🟢 Take Profit: $ $73.14 ⛔ Stop Loss: $ $69.93
H1 time frame. Structure: Short-term uptrend towards 74.00 price zone. The 74.00 price zone is the confluence between the Fibo 50 and the downtrend line of the bearish structure on the 4-hour timeframe. Here, waiting for the divergence signal to appear and the bearish reversal pattern to be completed, a selling opportunity can be found. The profit target is the...
From 25th October's high at around 85, Oil has started to correct and dropped to strong demand zone between 62 and 65. Now, this correction seems to be over and we can have a leg up above 80 again. I'm bullish as long as the price is above 65 and, in my opinion, dips should be bought
Overall outlook on technicals in a buy as obvious on pattern formation. Keep in mind there are lots of retracement on lower timeframes which would eventually lead to further push to the the upside on this timeframe. Trade at your own risk ...
TECHNICALS The markets have made the amazing bearish move and as expected now let's see what's next for the oil pairs markets have corn to not only a touching point of support zone but also thee daily bullish trendline and also a pullback to the the RSI is also indicating that the market is oversold so bulls may see this as a perfect time to...
TECHNICALS The markets have made the amazing bearish move and as expected now let's see what's next for the oil pairs markets have corn to not only a touching point of support zone but also thee daily bullish trendline and also a pullback to the 61.8% fib the RSI is also indicating that the market is oversold so bulls may see this as a perfect time to...