Commentary: Despite the optimism around the reopening of China from COVID restrictions, oil prices remain vulnerable to fears of a global economic slowdown. The EU’s price cap at $60 per barrel while OPEC+ is expected to maintain existing production targets adds towards the bearish outlook on price. Brent crude : Last weeks gains can be viewed as a...
Oil finished the down correction wave Oil now preparing to go up harder than you think Best buying area to me was in 75 So many people was thinking its going to 63 !!!!! No way Now next monthly target to me is 110 $ then 150 Good luck
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Sideways 2 📆Monthly: Bullish to corrective mode 3 📅Weekly: a clear bear trend is established with proper lower lows 4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6:...
Just as anticipated, the 76.50 zone has been broken. We know that with every zone break comes a RETRACEMENT. The market-makers does this to trap traders. Price is now preparing to plummet downwards to my 40.00 zone. I remain...
On the one hour chart, ERX ( triple energy ETF) completed a head and shoulders and is now downtrending with a crash through the EMA 100 and EMA 200 and now one standard deviation below the VWAP. The Momentum Indicator shows downside momentum is greater than it has been in recent months. The inverse ETF called the ERY would be expected to be the inverse of...
Congratulation for how bought and trust my TA , and strategy . Oil have been wild this days we need , what we need now is more confirmation. We have to back test 78-77 area , where we deform the bullish pattern to continue up . Target putted in red . Accumelation 78,79 ,77 Selling is risky , you can start buying from here . Today my target is 81.5 if...
Oil have to scenarios on is going up to 106 $ where it will form double bottom pattern . At 75 $ which is forming now . How it fail ? Close 2 days below 75 $ Second scenario , going down as we have double top at 92 $ . Where it can reach 70 $ I believe upside worth more risk . Because it more logical and reflect the indicators as we are in over sold monthly...
Crude prices under downside pressure on the back of weaker demand outlook The recent break below the $92 short term support level has opened up the prospects for a further decline towards a test of the September 30th lows near $84, the bearish outlook can be technically supported by the fact that current price is below its 20 and 50 day simple moving averages,...
Hey trader, As you can the price is currently bearish running in the head and shoulders level 2, and below the 50 and bearish crossed short-term MAs. It is preparing to drop for the patterns L3 together for the 200 MA (that's visible on the MT4 chart). But that bias will be fully confirmed once the price has bearish closed and retested below the Daily Neckline...
SHORT CRUDE OIL on monthly chart - with levels shown on the chart
Today was a good play for oil we sold the 88.5 to 86 $ Its ok that i think it can reach 85.5 but ill take my profit now Tomorrow ill be a buyer of 85.5 $ To 87.5 $ GOOD LUCK
I am looking for sell opportunity around 89 we have negative news around oil and China industry
Now oil reach the target in selling . WHAT NEXT !!!! I believe some pullback tomorrow to 90.5 Then more down ahead GOOD LUCK
Yesterday oil tried to pass the 93 $ but failed . In mean time formed a double top pattern . Not to mention we already failed to pass the Fib level 0.62 and cracked the uptrend and back test it yesterday . Going down to 88 is normal GOOD LUCK
Shorting Crude Oil to a RR of 0.75% to 4.8%. During the opening of the New York's market on Wednesday, there was a strong bullish candle as a result of the strong ADP Employment Change on the US economy, which accelerated the US dollar, this also had an influence on XTIUSD..... Now, i see a perfect time for shorting XTIUSD. NB: i'm expecting a price circulation...
This signal is seen in 4 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly.
This graph is a representation of my point of you of the futures market (USD).