"Black gold" is likely to continue its correction to the level of 80.72. Already there, oil will be supported and the price may even go to a new maximum.
And so, the Canadian has once again confirmed its solid position in the market after the meeting of the Bank of Canada this week. The pair continues to move within the downtrend channel. At the moment, the downward movement will continue to the last lows (~ 1.22875) and will break even lower to the channel's support line. Remember, there is no place for luck in...
Hi there! I showed two Zone on the oil chart. Set Order limits on the hedge of the zones and set your stop loss on the other hedge as I draw r:r rectangle. Do risk free and then set trailing stop.
And so, the instrument is at the support level, as well as at the support line of the uptrend channel. The current situation speaks of a potential GOLD deal. It is expected that the price will remain within the channel boundaries and will tend to the level of $1825. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
The pullback in GOLD was predictable, and this was indicated in the forecast for this week earlier (for more details on the forecast, see the link below). The current trend indicates that further pullback is unlikely in the short term. The target of the bulls is the maximum of the month at $1808.460 - $1814.040 (resistance area). The entry point is at the level...
USOIL keeps climbing higher. However, we are growing little bit worried that price is too high at the moment. In our opinion it would be healthy for price to correct before further rise. We think that correction could take price as low as 76 USD. In medium-term and long-term we remain bullish , however, in short-term we voice our concerns. We would not be...
In the current situation, oil growth is limited. From current prices, the commodity can rush to the level of $ 83.46, where the nearest support is located.
And so, although oil is on the rise, however, weakening of buyers are visible. We are not talking about a trend change, but a correction is very likely to happen. The target of such a correction could be 83.40 and even 81.70. This price area would support the instrument. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
➡️ WTI Oil quotes are trading at $84.15 per barrel. The bullish trend continues, but the growth is limited at the moment. Positive news background does not stimulate quotes for "black gold" so much. On Thursday, Kuwait began ramping up crude oil production in line with the OPEC+ agreement. Commenting on the situation, Kuwait's oil minister said the country's...
And so, for this currency pair, you can observe the result of resistance level at D1timeframe (0.74794). This pullback may develop into a major downtrend movement, but now it is too early to say this. At the moment, in connection with the breakout of the uptrend channel, the price would rush down to the level of 0.73807 within the limits of the small supposed...
➡️ The EURUSD currency pair is trading at 1.16260 . The presence of the price within the boundaries of the ascending channel once again confirms the bullish sentiment at the moment. In addition, the instrument is in the trade balance, and it is expected that the price will approach the upper border of this balance today without any significant obstacles. 🔔...
And so, the currency pair is now consolidating in the price area 1.16215 - 1.16675. A certain pause is expected at the lower border of this balance (1.16215 - 1.16675), further growth is expected to continue to 1.16675, where the price will try to close above this level. This situation would push the instrument further towards 1.17000 next week. Remember, there...
When everyone gets bullish it could be a good time to get bearish.. check out the negative divergence on the weekly as well.
at this chart we can find the level of buy price and sell price step by step
Structure analysis on WTI Crude Oil. Confluence zone & historical perspective discussed. Trading recommendations are given. ❤️Please, support this idea with like and comment!❤️
Last Analysis : Well, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to...
Last Analysis : Well, as we see in the monthly time frame of the US Crude Oil Chart, the price in February finally broke its 13-year downward trend ... After that, it continued to grow well and reached its static resistance level in July 2021, and It failed to defeat it and then rebounded to its broken support level in August. Last month, the price reached to the...
➡️ GOLD prices managed to rise this week, and by the end of the five-day period the troy ounce was about $1782 , although it was testing $1801 during the week. GOLD gained 1.6% in five trading days. Friday's decline was driven by a recovery in US bond yields, although the weak dollar helped the precious metal show its best weekly performance since late...