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..
This graph is a representation of my point of you of the futures market (USD). First SHORT as people will stock up before winter and hold then LONG once winter hits Europe and fear of lack of Russian oil supply will stop in December.
Hey traders,
Here is our technical analysis on UKOIL.
The level where the price is trading right now is decent and the price will most likely bounce from that.
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Hey traders,
Here is my latest structure analysis for WTI Crude Oil .
Resistance 1: 88.9 - 90.4 area
Resistance 2: major falling trend line
Resistance 3: 96.9 - 97.8 area
Support 1: 81.2 - 81.9 area
Consider these structure for pullback/breakout trading next week.
Good luck!
❤️If you have any questions, please, ask me in the comment section.
Please,...
HELLO GUYS THIS MY IDEA 💡ABOUT UKOIL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this...
Brent is cooking wave i of (v) of larger wave C. Short-term target is 120-125 range. Ideal target for (v) is 230-250 range. Expect to see completion of the whole structure sometime mid next year. Fasten your belts.
I do hope this does not come to pass, appears we have parallel down in price range of brent crude since 2008.
it would fit into the retarded global warming narrative, 'we have to charge more for fuel- Co2 is destroying the planet, not Soros and WEF Schwab , lithium pools, mining and war.'..
no no no, plant food(CO2) is destroying the plants and the planet
and you,...
Only have this because we recently had a petrol price (gas/ fuel price) in South Africa. This usually happens before the price rises again, when we get cheaper prices it's the scraps of the current production. That's why our prices are never inline with the world average.
the down-trend ends at these area probably. at 86 its a strong support level
and will rebound back to almost half -way the down up to 115 and might extended to 135
its just an opinion of the writer 😁
Oil prices fell sharply on Wednesday (September 7th), slipping below levels seen before Russia's invasion of Ukraine as dismal Chinese trade data and growing fears of a global economic recession hurt fuel demand.
West Texas Intermediate (WTI) oil futures for October delivery plunged US$4.94 or 5.7 percent.
With lower prices this time it is a good opportunity to...
