On Tuesday, prices for WTI crude oil showed indecision. These dynamics indicate consolidation in the short term. However, a corrective decline should not be ruled out, as the asset is close to overbought levels. However, buyers' immediate target is the $ 82.00 mark. On Monday, JP Morgan analysts said that the average price of Brent crude will be $ 70- $ 80 in the...
And so, oil continues to set new records against the background of continuing demand. Many respected financial institutions predict price increases in the future. At least they would remain at current levels. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Prospects for oil prices, to a greater extent, would add up to their growth or at least consolidation in the range of ~ $ 78–82. Deficit reduction is progressing more slowly than planned. The oil market is still in deficit, but not as before in view of the beginning of a small, but still consistent, softening of quotas by OPEC +. The decision by OPEC and its...
And so, quite well recently, the Ruble has won back positions against the US dollar. It's high time for upward correction. The instrument is expected to move up to the level of 72.68. Some resistance is located at 72.265. Additional pressure on the Ruble would come from the expected downtrend movement in oil in the short term. Remember, there is no place for luck...
Bitcoin is trading at 54,000. At the moment, everything indicates the presence of a bullish trend for the instrument. As part of the BTCUSD rate forecast, a test of the price range area 50.406 - 52.966 (support area) is expected. Where can we expect an attempt to continue the growth of the instrument and the further development of the upward trend. The target of...
Just an idea don't get married.
The decision by OPEC and OPEC + on Monday to keep the plan for a gradual increase in oil production was prompted by fears that demand and prices could weaken. The group also considered the possibility of increasing production by 800,000 barrels per day, which is almost 1% of global production, ahead of Monday's meeting. Now the OPEC countries are more cautious,...
Hey traders, Contemplating this bullish rally on WTI, here are the major key level to watch for pullbacks. 77.0 - is the structure resistance that went broken this week. Now it turned into a support 91.0 is a minor monthly/weekly resistance. The price may retrace from that. 107.0 - 115.0 is a major monthly resistance cluster. A strong bearish reaction will...
And so, the Canadian is also in anticipation of today's events during the American session. It is expected that the pair may sink at the moment, but it is unlikely to fall below 1.24911 (even more likely it would not reach and go up). The combination of technical and fundamental facts suggests that the instrument would move up in the medium term within the trade...
The oil is supported by reports that Saudi Arabia lowered its November export oil prices for Asia, the Mediterranean countries, Europe and the United States. Also, a positive factor for the oil market in recent days was the decision of the OPEC + states to maintain the previously adopted plan to increase oil production, despite the growth in demand amid a sharp...
UKOIL is approaching the upper resistance of the ascending price channel in line with 1st resistance at 83.09 in line with Horizontal swing high and 78.6% Fibonacci extension. Price is likely to reverse off from 1st resistance at 83.09 in line with Horizontal swing high and 78.6% Fibonacci extension to take 1st support at 78.80 in line with 61.8% Fibonacci...
Working in the oil & gas industry I've always wanted to plot an Elliott Wave idea with oil reaching $100, one that I felt was realistic and not pie in the sky...in my opinion oil is heading that direction now. The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will...
Hy trader ! This Crude Oil weekly chart is a combination of 2 Fib Circles ,Time Cycles, Sine Line and Fib retracement ! No trading advice ! If you like this post smash the like👍 button, comment or follow me. Thanks for reading my idea, Trade save!!
Market Over bought .Market Down For at The Level SELL - 5800-5810 .I Think Market Down ..Comment Your Opinion
An update on these ideas from March 2021: It appears that wave 4 is complete close to the 0.382 level and the next move could be wave 5 up towards the $90 level.
Risk 1% and aiming for 10% on this trade. No indicators used. Pure price action. Like to keep my chart clean. All trades closed on the same day. Entries on 1 min chart Mostly trade 12-5pm UK time NY session. Sometimes London Session. Don't like the idea of watching charts the whole day.
Risk 1% and aiming for 10% on this trade. No indicators used. Pure price action. Like to keep my chart clean. All trades closed on the same day. Mostly trade 12-5pm UK time NY session. Sometimes London Session. Don't like the idea of watching charts the whole day.