"Black Gold" showed excellent results and the price closed above $94. However, soon the instrument will need a downward correction, at least. SELL scenario: The short entry point is expected to be found at the resistance line of the uptrend channel. You can enter both on a rebound from this line or after a false breakout, which will be a more conservative...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
I see a PATERN here I would be glad if you share your opinions
The rapid growth of oil continues. After reaching the level of 94, as expected, buyers have not calmed down and are aiming for new highs. BUY scenario: At the moment, longs are relevant, especially from the level of 91.08, where the support line is also located. The price is expected to re-approach the level of 94. ...
Oil received a reaction from the blue channel, if it does not break the channel, the first target is 92.86 and then 93.82 is expected. I'm using Fibonacci circle , Fibonacci levels , Fibonacci channel to create this analysis ❤️👍🏻 Please support me with LIKE / COMMENT ❤️👍🏻 DISCLAIMER: This post does not provide financial advice. It is for educational purposes...
On our morning's live stream we discussed Oil. It looks like the market is finally preparing for a bearish move. On hourly time frame, the price formed a descending triangle formation - a classic reversal pattern. Its neckline breakout is our trigger to sell. I expect a bearish move at least to 89.5 level. ❤️Please, support this idea with like and comment!❤️
The oil channel is expected to be broken If it breaks, I expect the two areas to fall. Stop Loss and targets are specified.
The Canadian dollar is moving in the range of 1.26660 - 1.27798 and is currently trading at its lower border. This setup allows considering long trades up to the level of 1.27440. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
WTI oil continues to march higher and we continue to maintain a bullish outlook on oil. Our view is supported by a combination of bullish technical and fundamental factors. Currently, we will observe whether USOIL will manage to break above the major resistance at 85.39 USD which will further bolster the bullish case for WTI oil. We would like to set a new...
CRUDE OIL – Futures Price Action: There is no price action signal to note at this time. The recent Bearish Tailed Bar Signal, failed (We did not consider trading this signal and hopefully saved some members on this market). Price moved significantly higher from the prior Bullish Tailed Bar Signal + Inside Bar Breakout Pattern (Combo Setup) that had formed just...
UKOIL aka Brent Crude Oil maybe on its last leg up toward around 125 ::- a major supply zone .. AND maybe the terminal of Wave 2 (Red Circled) which is possible an expanding flat pattern..
As previously stated, we should expect the price to approach support 89.935. Current prices make it possible to consider a short trade with the target at the above support. SELL scenario: One can try to sell from current prices, near the level of 90.640. CAD news is expected, so one need to take this into account when placing an order. It is possible that the...
Quite a relevant pair for today, so news on the labor market is expected for both currencies. At the moment, it is expected to rise to 1.27440, with the potential for growth to 1.28370. However, in connection with today's news, you need to be careful when placing orders. ------------------- Share your opinion in the comments and support the idea with Like. Thanks...
Hey traders, Oil is unstoppable. From the beginning of December, the market gained more than 35%. Ahead is a strong supply cluster. It is based on a major rising trend line that the price respected 3 times in a row in the past. Let the price test that structure and then look for a confirmation to short catching a pullback from there. ❤️Please, support this...
Buyers are very likely to complete their hike to the level of 1809.985, from where a rollback should already be expected. The target of the rollback is the level of 1788.960. SELL scenario: One can open shorts at the level of 1809.985. In this case, of course, it is better to wait for the entry point at which the price will not close above this level. ...
The price of oil is strengthening its bullish potential more and more. As before, the price approach to 94 is expected. BUY scenario: Mainly growth is expected from the same level of 88.65. Longs are relevant from the current ones. But it must be remembered that closing the price under 88.65 cancels all purchases. ...
A divergence between price and the RSI. Green line is minimum target. Looking at around 2.50 dollar drop.
Sell active in ukoil. Looking for a low risk trade here. Not financial advice.