UKOIL is holding below 1st resistance at 79.28 in line with 61.8 Fibonacci retracement and 38.2% Fibonacci extension and may bearish towards 1st support at 76.10 in line 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Our bearish is further supported by how MACD is showing a bearish signal where the signal line is above the MACD line. Otherwise price...
Top-down analysis on WTI. Key leves, price action. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
oil after a false breakout does not roll back deeply. Consolidation is forming between 79.42 and 77.92. I think that at the end of the consolidation, the price can break through the resistance and rise to 80.48 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Brent Crude at a very crucial juncture. If crossed the monthly trend line by end of September 2021 decisively, the next bull run will start with a target to the previous high. It will face resistance at blue zone crossing which will be unstoppable. But this will be the last bull run of Crude. It will crash down to an all-time low and by (or before) 2030. It is...
Hey traders, WTI Oil is approaching a key weekly/daily structure resistance. 76.8 - 77.2 is our potential reversal zone. Being heavily overbought, we may catch a pullback from that. Our confirmation will be a bearish breakout of a rising channel on 4h. In case of a 4H candle close below its support, a bearish continuation will be expected. Goals will be:...
Further to yesterday's article, , UKOil has pulled back on the hourly. The left daily chart continues to show UKOil in the bullish area (upper blue - upper red). The hourly stochastic on the right has already crossed bullishly. If the EMAs cross to the upside that would be considered a bullish development. Assuming this, if the stochastic can move to 80 and hold...
Oil after a false breakdown fell to 77.92 and broke it. I expect the price to roll back even lower, to a strong downtrend, and a slight pullback will form. I am interested in stopping from level 76.7 and rolling back to 77.92 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Everything is planned I trade small time frame intra day and this is my plan for today
Perhaps the seed of Charting Rbob Gasoline Earlier. This Black Gold stuff is a slippery liquid. Oil seems to be stealthy making lower lows & perhaps about to make a lower high. Have to be slick to market time the ole WMD. *Short ideas are SELL ideas only, don't support outright short selling.* Peek the detailed breakdown notes in the high def chart links below...
The left chart shows the daily time frame. Here we see that UKOIL is in the bullish area – between the upper blue and upper red bands. The RSI suggests that the daily chart is overbought and that normalization is due. The right chart shows the hourly time frame. As long as the stochastic is able to hold the 80 level, the current momentum push may still be in...
Oil is trying to break through strong resistance at 80.5. The movement was towards the level but rather strong and the campaign was more towards the distribution, I think that the continuation of the growth is unlikely. I'm waiting for a false breakout and a fall in the price to support. My target is level 77.78 Traders, if you like this idea or have your own...
TVC:UKOIL Hi everyone , I hope you're all fine . - UKOIL has recently broke downtrend and also the price had a pullback to the broken trendline - Also the price is is moving in a ascending channel --------------- the next resistances would be : 1- 86.70 (which is the top of channel and also last resistance 2- 116.00 (which is a nice resistance with 4 touches...
brent cude oil is trading at its weekly supply zone that is very powerfull i can push very down deep lets see
Oil has tested the old level from a large timeframe. I expect a slight pullback and continued upward growth. Selling on a strong uptrend is out of the question. We are waiting for a signal that will allow you to enter a long one at the best price. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
There was no negative news for the oil market following the September Fed meeting. Interest rates and asset purchases remained unchanged, although the rhetoric continued to escalate. In particular, the Fed announced its readiness to make a decision to start cutting the asset purchase program at the next meeting. Additionally, an increase in expectations for the...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Hey traders, WTI Oil finally reached our goal. What is next? Here are the key levels for you to watch: Resistance 1: 73.7 - 74.2 The price is approaching that area at the moment. Being quite overbought, we might expect a pullback from that. Next week I will look for a confirmation to short from there. I will post the update if I see a nice setup. Resistance...
Price is approaching 1st resistance at 77.72 in line with Horizontal swing high and 76.4% Fibonacci extension where it could see a reverse down to 1st support at 73.50 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci extension. Our bearish bias is further supported by how Stochastic is testing resistance where price dropped in the past. Otherwise price...