A simple analysis of the trend without indicators just following the basic trendline guidance. As we see with don't have an uptrend anymore and that will be more clear the next 2 days. If nothing bad happens again between Russia and Ukraine i think we will go back to the 80-90 dollar region fast. So we go short expecting huge decline and high profit. Good Luck to...
We will see crude oil prices above $100 in a few weeks. We are going up to finish the intermediate degree 5th. We will probably just finish the Minor wave 2 and going for minor wave 3 within an intermediate wave 5. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices recovered losses after falling more than 3% the previous session, as investors assessed the impact of reducing Russia-Ukraine tensions against a tight global...
Triangle formation on short time frame, look for short entry Key Levels : 81.2 - 81.8 - we might see significant support in this zone Observations : 1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart 2 - Current formation...
Had a good Xmas run, it’s not had a true retrace as yet to confirm support from the parabolic run. Negative divergences on RSI and TSI 4 hr and currently back in the rising wedge after a false breakout north. Im short for now but long for the medium to long term based on supply constraints and various other world and geo political events.
Prices of oil have a direct impact on the inflation. The higher oil prices have started impacting the consumers across the globe. We have used Aspen Trading Support & Resistance Levels to analyse the oil prices trend. It has clearly broken down the short-term support levels at 77.75 and most probably could lead to further down side. As the the oil production...
We continue to search for oil longs to a new high and then look for sell zones. Not a lot of purchase volume!
The world’s top commodity traders have forecast a return to $100-a-barrel oil TVC:USOIL An investment in new supplies slows down before demand has peaked and before green alternatives can take up the slack. Executives from Vitol, Glencore, and Trafigura, and Goldman Sachs said that $100 crude was a real possibility on Tuesday, with prices already reaching...
Oil is currently in a base consolidation at a multi-year support & resistance zone. There’s some RSI divergence in this choppiness. Not interested until price action has built support over level 70 for a long or a defined resistance below level 60 for a short. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or...
Hello and welcome back traders🙂. Wti Oil has been following my analysis and has hit the first TP. Meaning I can now bring my second position to breakeven and let the market play its course. Good luck trader's and may this week be profitable for you all. 🙂 If you found value in my analysis dont forget to hit the like, it's much appreciated.
Just listening to my chart here and also thinking about lockdowns and their impact on crude oil consumption I use 4 take profit levels. When first take profit is taken I simply move the stop loss to zero (entry) and wait to take another 3 take profits lower, if possible.
The Weekly chart is an amazing timeframe to look for Critical levels. What are Critical levels? Situations in which the price made clear reversal movements. Generally, we will tend to see there Relevant corrections or new bearish trends. Let's see what we can see on this chart: a) We have a weekly resistance zone between 50 - 52. That level has been tested...
1) Let's start the explanation of our view with the Weekly chart. There are two items to pay attention to. First: We have a broken ABC pattern, also known as Flag Pattern, which is considered continuation structures that tell us about a new impulse coming after the breakout of it. Second: The target is the next resistance zone that worked as a strong supply area...
Let's see the price action at (B)
#OutLook 22 September Dear Traders Today We Have an Analysis Of WTI (Crude Oil) H1. This Analysis Based On Price Action Theory. According to The Analysis, We Can See That the Market On Bullish Pattern As well As Market Make Formation of the Ascending triangle pattern this indication of the market will move to continue buying. So behalf on that, we have 2...
OIL SELL TP_40.30_7.23%_3.14pips_SL_43.83_0.90%_0.39pips
Midterm forecast: While the price is below the resistance 43.60, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...
Oil setup. Expecting Oil to finally break and reach $45. Follow for more setups.