📉 Priority direction: Down .
📝 Description: The level of $98.55 for oil (where it is now) is a good entry point to sell. Sellers increase their pressure to the indicated level and this trend is likely to lower the price to the $96 support in the short term. In the medium term, the positive mood remains so far.
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Thank you for your...
📉 Priority direction: Downward .
📝 Description: Sales dominate the market for metals and probably in the near future gold will be in the range of $1715 - $1736. Of course, it is best to open deals from the dorders of this range, but priority is given to sales. There are suggestions that the instrument is aiming at a test of the important $1700 level....
📈 Priority direction: Up .
📝 Description: Slight growth is expected for the indices today. According to the DowJones index, the level of 32830 acts as a support, and a little lower is the support at the level of 32600. It is best to consider the targets for this transaction at the level of 33100.
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Thank you for your support,...
📈 Priority direction: Up .
📝 Description: Gold worked its way up to $1752 in yesterday's trading day, and today it is expected that buyers will continue to regain the initiative. In the near future, it is expected to update the highs, that is, the price will rise above $1752 and will strive to gain a foothold above this level. In addition, attention should be...
Hello and welcome to this analysis
UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support.
The expected rally from the suggested levels could take it towards $115
In case the up-move takes place before completion of...
📈 Priority direction: Up .
📝 Description: There is interest in oil around the $95 level (on average) and most likely further events will develop above this level. The approach of the level to $98.55 is expected. Globally (medium and long term) as long as oil is above $91.70, buy-priority to $100 and above remains.
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Thank you for...
📈 Priority direction : Up .
📝 Description: Brent crude is currently trading near the POC (point of control) of the previous week and it is not surprising that buyers did not pass this barrier on the first attempt. It may take several such attempts, but most likely the situation will develop in favor of buyers and the instrument will rush to $101.50 (another...
📈 Priority direction: Up .
📝 Description: The US inflation data sent the currency pair straight towards our target of 1.03500 set earlier. For further growth, as it is easy to see, it is necessary to overcome the resistance just near this level. Further growth is quite real, but confirmation is needed for this. In the near future, we assume that the price will...
We continue to be bearish on USOIL. Accordingly, we still maintain our price target of 90 USD per barrel of WTI oil. Indeed, we would like to change this price target from medium-term to short-term. Additionally, we would like to set a new long-term price target for USOIL at 80 USD.
Illustration 1.01
The sloping line acts as the resistance; the more touches...
📈 Priority direction: Up.
📝 Description: Oil is also starting to gain momentum and gradually recover. This outcome of events is expected for us, earlier this perspective was approved in the ideas. Now the levels of $105-106 are the nearest support from which the price will potentially continue to grow. An alternative (unlikely scenario suggests) a rollback to...
CRUDE OIL intraday trading alert
3 steps must fulfill before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the home ⬇︎
More info in my profile..
Good luck traders..
CRUDE OIL intraday trading alert
3 steps must fulfill before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the SKY 🚀
More info in my profile..
Good luck traders..
The price still going up and after a pullback on MA20, may the price is going to have another bull leg. In case the price evolve o our way, the first target is the top made on the start of the ukraine war.
According the price is going up, move stop loss being guided by MA20.
Last week, we predicted that UKOIL was likely to test a resistance level of $115.
Price broke through that level on momentum and made higher highs.
Price action might test higher levels and IF it pulls back to previous support, we will look for buying opportunities.
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➡️ Oil usually rises and falls with the stock market because the prices of both markets are like a proxy for economic activity. But in recent years, these relationships have collapsed. Oil growth may continue to outperform.
Stock markets fell and oil prices held. It is more likely that oil will continue to outperform equities on a cross-asset basis. If you are in...
