Just an idea and trade at your own risk, OIL broke the symmetrical triangle pattern on the daily timeframe and retested the broken up line, which confirms further up move continuation to next supply area at 150. A break of current supply zone at 110-115 will confirm next bullish movement.
Crude Oil USOIL seems to be following a very similar pattern Following this Idea, the next two days we'll be waiting for a pull back to 100 level, and then get into another rally. The Question is, Will Crude Oil Stay on pattern? or news and the economic calendar will take it out?
OIL Setup 1st Target 115.50 Russia's Victory Day Could Be A Crucial Moment For Oil
It is a matter of contemplation... Oil is technically ready for a strong upward movement , God knows what could be the cause .
If you haven`t seen my last post: Then you should know that Crude Oil is in a bullish trendline with a price target of $125 by the end of this summer.
This chart shows the correlation between the oil price and the different financial crashes. During the melt up to a financial crash does the price of sky rocket and during the aftermath does the price crash. The oil price of today only matches the oil price of the Russian energy crisis and the Great Recession. Seen in this chart is a slight pull back onto...
On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 108.17 where the 61.8% Fibonacci retracement and swing high resistance is to our 1st support at 102.90 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd...
Just an idea and trade at your own risk. OIL is about to resume its bullish movement to new highs around 150 area, the next supply zone. Oil is nearing ending its correction phase after rejecting the previous supply zone (resistance),which now becomes a demand zone (support) and formed a descending triangle pattern on the daily timeframe, which today is trying...
Oil could be up for a new rally. Recession worries might cause questions for demand but inflation combined with War seem heavier and most likely to push the price higher again this year. In any case, we follow the chart: Support worked nicely the same way that resistance was calculated perfectly (check our previous ideas below). The price has exited the wedge...
“West Texas Intermediate” (WTI) oil is another benchmark used by oil markets, representing oil produced in the U.S. It is based on oil at a large tank and pipeline hub in Cushing, Oklahoma. Like Brent oil, WTI is priced as a light oil, but it doesn't have the same global reach. OUR MISSION STATEMENT: Our goal is to help everyone find information and ideas about...
USOIL WTI Crude Oil Entry Range: $101.40 - 104.60 Take Profit 1: $106.90 Take Profit 2: $109.20 Take Profit 3: $112.50 Stop Loss: $94.80
Watchout for this level. one of my fav chart because it is easy to read and predict.
Good day, We are looking at the 4 hour chart of crude oil. Mac-D cross signalling a sell. Furthermore, price made a lower high. Levels to watch: $102 $94 Good day
U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas. As of December 31, 2021, the company had an estimated...
I could be miles off here... but, I am putting my money on a bounce.
18 hours ago,I read:CHINA-Lockdown and I shorted immediately all my positions in crude,brent and WTI.In some I took the losses,other Break even or profits. The fact is :My decision was King.Our Jobs as Traers is to be flexible and adapt as soon as possible to the market circumtances.Sosometimes News catalysts like these help to decide immediately. Although our...
Hi Guys, According to the pattern that you see in the chart, you can grow up to below the supply range. 👤SecondChanceCrypto 📅11.april .22 ⚠️(DYOR)