The recent escalation in the Iran-Israel conflict has cast a long shadow over the global oil market. Already grappling with tight supply and high prices, oil traders are now forced to factor in the potential for disruptions caused by the ongoing hostilities. This idea explores the current situation, potential outcomes, and analyst perspectives on the future of oil...
OILUSD is an uptrend channel and the next target is at area 90-95 which is the neckline of the double bottom pattern forming and a break above this level will confirm its bullish movement to the previous high at 130 level and to the longer target at the upper range of the channel at 150-160.
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Resistance Levels: 1. Resistance at $89.01 and $91.11: These levels represent significant barriers where selling pressure may intensify. Traders should watch for price action near these levels, as a breakout above could indicate further bullish momentum. 2. Secondary Resistance at $93.73 and $95.00: These are additional resistance levels beyond the initial...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Strong support (major pivot) and bullish technical indicators.
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
According to the IEA's forecast, oil demand growth will decrease by 1 million barrels per day this year, to an estimated 1.3 million barrels per day. The IEA pointed out that factors such as the global economic slowdown, improved vehicle fuel efficiency and the increase in the number of electric vehicles will bring additional headwinds to oil use. In addition,...
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
Hello everyone. Crude oil is currently affected by the Red Sea news, which has led to explosive rises today. But the price has now reached resistance. Therefore, crude oil can be sold in the 74.5-74.8 area. TP73.8-73.
Hello, according to my analysis of the oil market on a four-hour frame. It appears from the analysis that it is still in a downward trend. Through the descending channel that confirms the sellers’ control over the market. Good luck to everyone.
Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
Hello dear traders . Good days . On monthly Gann Square , after broken Arc resistance it try to broken upper Fan trend line and Gann Box level resistance but rejected strongly . For future next Arc resistance it need to get support from monthly Gann Square Lower Fan trend line . Road map plotted with help of daily Gann square & Daily Gann Box . Good luck and...
Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a...
Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a...
Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a...