😇7 Dimension Analysis Analysis Time Frame: Daily 1️⃣ Price Structure: Sideways to Bullish 🟢 Structure Initial Behavior: Choch Bearish 🟢 Move: Corrective 🟢 Inducement: Done 🟢 Pull Back Count: 1st 1st OB mitigated Extreme OB unmitigated Touch count 4, breakout from the range 2️⃣ Pattern 🟢TREND LINES: Act as Support 🟢CHART PATTERNS: Flag: Signaling...
Looking at the daily line, the Bollinger Bands opened, and the price has always maintained a sideways movement near the upper rail. The direction is dominated by bulls. Before there is a short-selling signal, we will not consider short-selling orders to enter the market for the time being. Yesterday’s callback is also holding 75 first-line important support,...
According to the analysis of the chart, the market stopped falling and rebounded at the bottom line of 73.80 as scheduled yesterday, and it was already informed yesterday that there was a super main force bottom-hunting signal in the bottom area. In terms of operation, we will continue the high-altitude and low-many thinking, and focus on doing more on dips oil...
After months of languishing, crude oil has skyrocketed above $80 a barrel in London, signaling a remarkable recovery in fuel demand across China and other regions post-pandemic. But that's not all! Brace yourselves for an even more thrilling development: production cutbacks by Saudi Arabia and its OPEC+ allies are poised to deplete storage tanks worldwide...
Recently, the Organization of the Petroleum Exporting Countries (OPEC) released a groundbreaking report that sheds light on the promising future of the global oil market. The report highlights the continued surge in oil demand from two of the world's fastest-growing economies, India and China, well into 2024. This revelation opens up opportunities for us to...
China may have stimulus packages are expected to boost economic growth, it is crucial to approach oil trading orders cautiously due to the rising oil inventory in the United States. The Chinese government's efforts to stimulate their economy have historically impacted global markets, including the oil sector. As the world's largest importer of crude oil, any...
Crude oil hit a 71.2 bottom recovery on Friday night, broke through the previous high of 72.7 in the early morning, and traded sideways around the high in the early morning and this morning, with a strong short-term pattern. However, crude oil is a shock rise recently, and has not formed a unilateral rise, every time the price rises to a new high will have a...
OILU is a risky high volatility ETF on oil exploration and production. Where there are risk and volatility there can also be plentiful profits. On the 4H chart,OILU can be seen breaking up through long-term anchored VWAP bands in a trend that began in mid-May. Price is now approaching the mean VWAP lines. The POC line validates those VWAP lines coming in at...
U.S. crude inventories fell more than expected, providing support to oil prices, but there was some pressure on concerns that higher interest rates could affect global growth. U.S. jobless claims fell the most in 20 months last week, the latest sign of economic resilience that could push the Federal Reserve to raise interest rates in July. Fed Chairman Jerome...
I wanted to draw your attention to an essential development in the oil market that warrants caution and careful consideration. As you may be aware, oil prices have recently entered a bearish channel, indicating a downward trend in the market. Furthermore, the simple moving average (SMA) for oil prices has declined steadily over the past few weeks. When taken...
As you may be aware, recent market conditions have created a tight physical market for oil, presenting a promising landscape for traders like us. The sentiment surrounding oil has been significantly impacted by various factors, including the slow growth of the Chinese economy and the aggressive rate increases implemented by the Federal Reserve. These...
buyers liq, trendline and support. wil go to uppertrendline and ress
Good evening, here's another view of oil im currently monitoring the 4hr chart. After the retrace from the bearish cypher pattern. Oil retested B leg and bounced back up to the supply zone. There's a apex that has formed, that is set to be completed by Late Thursday Futures session-Early Friday Futures Session. Oil is showing oversold w/ below the cloud action....
USOIL trade in sideway range the key lvl for wykoff pattren to success break 74$
There is some exciting news about the oil market that I believe will pique your interest. As you may already know, China's refinery output grew by a whopping 15% in May, which has contributed to a surge in demand for oil. Additionally, OPEC+ decided to cut supply in May, and Saudi Arabia has announced that it will cut supply for July due to a supply deficit in...
It's worth noting that oil prices early on Wednesday extended the substantial gains from Tuesday, which were driven by brighter inflation figures from the United States and evidence that China taking steps to boost its economic growth. I hope this information is helpful. Please let me know if you have any questions in your comments.
Market review: Crude oil opened at 71.4 yesterday, the white market slightly stepped back, the lowest step back touched near 71, and then stabilized to open a strong rising market trend, European and American crude oil rose up to 73.2, and then fell slightly in the end and finally closed at 72.5 Today's analysis: Crude oil yesterday narrow horizontal...
Oil prices are trading quite erratically on the daily chart, making it a much less appealing market to trade on that timeframe. But that doesn't mean we cannot find potential inflection points at the intraday level. Monday's opening gap has been filled, and earlier losses on Tuesday were fully recouped to print a bullish pinbar on the daily chart which found...