Oil top might be in for this year. Reasons: 1. Market adjustment mechanisms are underway on the commodity markets, ensuring that Russian oil, which is spurned by the West, once again finds its buyers (india, china). This in turn causes these countries to demand less Brent or WTI oil, which again depresses prices. India and China are buying significantly more...
Welcome to Wednesday's update, subscribers and TradingView community Today our focus is on oil as price has started to move higher after testing and holding for now at key support. Price continues to trade in a short to medium-term downtrend after sellers turned momentum back in June. Since that point, it's been a series of LHs and LLs. Today's price has shown...
oil is in correction , it's maybe is triangle, it can see above $100 one more time and then go to $83-85 but don't forget about next target , above $200 :-)
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔼 USD/CAD 🔼 XAU 🔽 WTI 🔽 WTI Oil futures have returned below $100 to a three-month low of $95.84 a barrel, thanks to recession fears and hopes for a production boost among major OPEC members. Tonight's US consumer price index is predicted to reach a 41-year high of 8.8% for June, paving the way for another 75 basis point hike to combat...
Hi guys! Oil looking promising and I personally waiting for 0.5 line to be tested before longing it. as shown is my analysis on a 4H timeframe. Let's see how the oil will play out!
Looking at CL1! now, a break of Friday's low is a daily-down rotation. Below $100 opens the door back down to the $96.50 area, followed by ~$93 and the 200-day. Oil bulls have not been used to seeing /CL in a downtrend this year. However, that's the case at the moment with the 10-day acting as active resistance, while it's below all of its major short- and...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
Based on the structure of price action. There's a potential H&S, if this plays out then we can expect movement to the downside on the right shoulder, if not, we can see price move further above that supply zone. DISCLAIMER: THIS IS ONLY A POSSIBILITY not a guarantee. The point of technical analysis is to understand structure and have clarity of the charts not so...
• After rallying for more than a week, bulls failed to break above 116 resistance level • Oil prices have been trading lower for the past 2 sessions but still within an ascending bullish channel • Next target to the downside comes at a level between 110-111 (trend line support) • A break of the bullish channel signals fading bullish power and targets 103, 100 and...
Again Good Selling Area Around 105 will See Again Below 100 its Time Sell On Every Rise
💬 Hi traders. I use the supply-demand method for my analysis. Check the lower timeframes for confirmation and entry. (5m,1m) 💬 What do you think about this setup? 💬 Everything I share is how I trade personally. 😉 Enter the trade by checking yourself.☑️ Do not put more than 3% of your capital at risk! ❌
WTI - Intraday - We look to Sell at 100.67 (stop at 103.61) The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We look to sell rallies. There is scope for mild buying at the open but gains should be limited. A Fibonacci confluence area is located at 100.00....
sell position on CL rebounce on the support with a down trend
Expecting a bull run for oil, after Monday’s fall on Oil. Market formed a bearish reversal, technically I’m expecting the market to pick orders into $108, then finally move on, on a new setup. NB: not a financial advice tho, risky!!!
Good morning guys! so currently I am sitting out from Oil trading. It was a big fall last night and indeed the weak candles has confirmed for me that weakness was in place. Will wait till wednesday before placing my trade again. Hope you guys managed to capture it a few days back!
Bullish Structure is forming on the hourly currently pulling back into Fibonacci retracements. Waiting for the 15M to create bullish structure to correlate with the Hourly and the 4 hour chart.
Looking for a nice strong 1H breakout, I will be going short at the retest. Targets on the chart..... Let's MILK the markets, guys. Like and Subscribe, Peace!.
Hey guys! How are you guys doing! O hope from the previous analysis, the daily fake out from DAILY timeframe got you guys a confirmation and brought toward more downside. What I'm seeing now is that it shall go back and test 110.70 zone and probably bring more downside to 105, 103 and possibly to 95 range. However, shall it break the resistance zone with a...