Hey there on 1hTF the Gold has looking for upwards from 2323 If breakout 2323 and continue moving downside then we can expect 2312 On Tuesday we had saw the 2306 and upside 2333 So we expect today above 2341 And the resistance level still 2360 so wait for the breakout sessions will be see today
Yesterday we saw a nice bulish displacement and I would like price to stay above the 1hr FVG.. We can wick bellow on the 1hr but leading into CME open I would wait for bullish price to reach to the 80.00 level which is the Daily FVG.. Once we close inside the Daily FVG we can start looking at CE of it.
Until the price is below 7000 mark we cant say oil has turned bullish there is volume imbalance and bearish fvg on daily time frame around 6887 to 6771 where there is high probability price to get reject those who are in long trade before try to trail your stop and those who are looking for fresh long AVOID !!
Oil prices edged higher this week, marking their strongest gain in seven days. This upward momentum came despite a somewhat ambiguous outlook for crude itself, suggesting the driving force behind the rise lies elsewhere: positive sentiment in the broader financial markets. Risk-On Rally Lifts Oil The primary factor behind oil's recent rise is the prevailing...
I've set up my TradingView chart for Crude Oil (WTI) in the 1-hour timeframe to understand the current market conditions and potential trading opportunities clearly. 1. Price Levels: - Right now, the price of crude oil is around $78.217. - I’ve marked key resistance levels at $80.278 and $79.988. These are the areas where I expect the price might face some...
The global oil market witnessed a balancing act this week, with prices finding temporary stability despite conflicting forces. While data indicating a possible slowdown in US inflation offered some relief, Russia's vow to cut oil production cast a shadow of potential future price hikes. West Texas Intermediate (WTI) crude oil futures, the US benchmark, remained...
Trading Setup: There is a Trading Signal to Sell in WTICrude Oil Currency Pair. Traders can open their Sell Trades NOW WTICrude Oil (1h) ⬇️Sell Now or Sell on 78.48 ⭕️SL@ 79.26 🔵TP1@ 76.30 🔵TP2@ 74.31 🔵TP3@ 72.16 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger...
A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern. Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for...
After a lavish bullish Monday the next target is the Daily FVG. Pretty simple I have a 1hr fvg box if you can see it... that is where price should stay above for price to navigate higher prices heading into NY Tuesday.
Well we are in a sell program and we have respected this 1hr fvg. So the remit is pretty simple for NY open.. Wait for a retracement for bearish prices. The Bias is Bearish with the Magnet's as Price tragets for the weekly objectives.
Hello Traders In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET today XTIUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Crude oil market analysis The recent short position of crude oil is very obvious, the daily large negative line, yesterday there was a signal to stop falling, but it is only a stopover, the general trend is still bearish, crude oil continues to be empty, the hourly pressure is near 73.60, the daily pressure is near 75.00, today we will rely on 75.00 pressure dry,...
The price may rise to $82 but could also fall to about $70. 101.9 million barrels of oil will be consumed worldwide per day. By next year, the oil markets appear to be oversupplied. Highlights Lower Russian output and more demand brought on by China's reopening could help oil prices. Low demand and a bleak macroeconomic outlook for China When the...
WTI Crude Oil has turned oversold on its 1D technical outlook (RSI = 29.383, MACD = -1.620, ADX = 31.641) as the price is approaching the bottom of the 2 month Channel Down. As long as it remains under the 1D MA50, the long term trend will be bearish but the oversold conditions and the 1D MACD, which is replicating the early December 2023 bottom pattern, call for...
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, appear to be waving goodbye to their long-held pursuit of $100-a-barrel oil. This strategic shift marks a significant change for the oil cartel, which has traditionally aimed to manipulate production levels to influence global oil prices. A New Reality Sets In For...
Well yesterday all targets where hit and some! Today we have more targets to meet and London has not dissapointed so far NY we will see what happens but for now I have Monthly ssl and weekly CE of wick and the Daily SSL as 3 main draws that will act as Bearish Bias. That is the Forecast!
The recent OPEC+ meeting on June 2nd, 2024, resulted in a significant decision to extend production cuts. This move by the oil cartel, which includes major oil producers like Saudi Arabia and Russia, aims to navigate a complex economic climate and influence global oil prices. Here's a breakdown of the key takeaways from the meeting: • Extended Cuts of 3.66...
I am HTF bearish on Crude OiL I have PD arrays marked out that should be respected if market was to retrace and take some BSL. The targets for today are Lows marked out. Pretty simple. Stay bellow 1hr fvg and 1hr -OB = BEARISH Close above the 1hr FVG start looking for short term BSL