Hello everyone, WTI Oil 4H NEW FORECAST The price has breached the resistance zone and continues its upward trajectory, aiming to reach 80.40 . We anticipate a minor correction to 79.60 before the price ascends further towards 80.40 , and potentially beyond to 81.03. Conversely, a consolidation below the levels of 79.60 could indicate a downward movement...
Hello everyone, WTI Oil 4H NEW FORECAST Analysis of performance and expectations for upcoming trades Continuing negative trading towards the 76.00 level, waiting for a break of 77.65 Expectations of the negative impact of the double top pattern and the 50 moving average It is necessary to breach the 79.60 level to stop the corrective wave and begin recovery...
Hello everyone, Oil 4H NEW FORECAST Oil price trading below 79.60 keeps the bearish corrective scenario active. Targeting 77.65 as the next target, as it represents the 61.8% Fibonacci level of the previous high. The effect of the previously completed double top pattern on the price of oil. Exceeding the 79.60 level and holding above it may stop the downward...
Hello everyone, WTI Oil 4H NEW FORECAST The price of oil begins today's trading with noticeable negativity, breaking the 83.90 level and settling below it, heading towards a new bearish correction during the coming sessions, targeting the 82.88 areas as the next main stop. Therefore, a bearish bias will be likely for today unless the 83.90 level is breached and...
H4 - Bearish trend pattern Lower lows Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Daily Bearish Stay Bearish bias until 1hr -OB is closed above with a displacement candle @ 83.25 In this chart I am illustrating why IMO, this is a High resistance Liquidity run and not LRLR. The Price in the circle is Balanced, so for price to cut through this with ease is difficult all be it we have a signature LRLR bellow. So if a bearish setup appears don't...
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
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...
At present, due to the intensification of international geopolitical conflicts, market supply concerns have once again heated up. At the same time, manufacturing data in the United States and China have rebounded, and demand-side expectations have increased. The dual benefits on both sides of supply and demand have stimulated the rebound of crude oil....
U.S. crude oil inventories continue to rise, and short-term demand concerns have also increased. However, as expectations for U.S. interest rate cuts have increased, the loose atmosphere has given crude oil some support. At the same time, short-term supply-side pressure has increased as geopolitical conflicts intensify. Crude oil also stretched again after...
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...
1: Investors are anxiously awaiting data to be released later this week to gain insight into potential inflation trends and provide a strong basis for judging the timing of interest rate cuts. At the same time, market expectations for an interest rate cut by the U.S. Federal Reserve are growing, coupled with the strength of U.S. gold . Market focus will be on...
Crude OIl: Daily, Fibs & Indicators . . . Not as bullish as one would think. The move above the daily BB showed why you don't buy above the BBs . . . eventually, you get a correction. 3 days down for oil. The BB midpoint, yellow line, has been a support level for oil and will be interesting to see what happens down there. But, we are at a big resistance level...
The short-term trend of crude oil (1H) fluctuated and hit new lows, testing the 80 support. The moving average system is arranged in a short position, and the short-term objective trend is downward. Oil prices hit around 80.70, forming a certain recurrence, and their upward strength is relatively weak. It is expected that crude oil will remain volatile in the...
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 hourly trend of crude oil began to rise around the opening. In the short term, we will pay attention to the pressure zone around 82.5, where there may be a slight adjustment. I was bullish on crude oil last week. It rebounded slightly after the market opened. Don’t chase higher. You can go short near the pressure level. After adjustment, you can go long.