Preferred direction: SELL Comment: For oil, the previous trading idea also worked out perfectly and the instrument is now trading at the level of 86.62. Despite the general tense geopolitical background, the instrument is still considered for sell, and the purpose of the sale is gap closing. Presumably, this goal will be achieved within one trading week. ...
A few weeks ago, we expressed our bewilderment at the U.S. administration and its handling of the oil stockpiles. Despite oil plummeting below $70 during the summer, officials did not take the initiative to refill the Strategic Petroleum Reserves (also canceling plans to buy oil in July 2023), prompting us to speculate about what trick the administration could...
Preferred direction: BUY Comment: For the USDCAD currency pair everything remains valid. We follow the extreme plan that we described in the trading idea. The support level is still pushing the price up. The buyer's target remains unchanged and is aimed at updating local highs. Thank you for like and share your views!
WTI Crude Oil is trading within a wide horizontal range on a 4h time frame. The price is currently testing a support of the range. To buy the market with a confirmation, watch a tiny double bottom formation. If the price breaks and closes above its neckline - 86.26, a bullish movement will be expected to 86.78 / 87.61 ❤️Please, support my work with like,...
Price action analysis for WTI Oil. Structure analysis. Important bullish confirmation explained. ❤️Please, support my work with like, thank you!❤️
UKOIL New forecast The price perfectly fulfills my last idea and price reached our second target + 300 pip . The price of Brent crude futures traded strongly positively yesterday, breaching the 92.52 level and confirming a return to the ascending channel once again, reactivating the positive scenario and heading towards achieving positive targets starting at...
Preferred direction: Neutral Comment: The growth goal we set yesterday was achieved. At the moment, gold continues to attract market participants to purchases. However, you should be more careful, now a major player can let them fix their purchases and the metal will face a correction. Thank you for like and share your views!
Preferred direction: SELL Comment: Yesterday, oil still showed growth and we were forced to exit with a stop loss. However, the priority of sales remains and today once again we are considering sales from current prices with a target of 90.72 and even with fixation below. Thank you for like and share your views!
Preferred direction: BUY Comment: As for gold, everything remains valid. Priority shopping continues. There is a possibility that the metal will go flat against the background of the expected strengthening of the US dollar, after which it will continue to update local highs. Thank you for like and share your views!
Preferred direction: SELL Comment: After the rally in oil, prices are most likely ready for a correction. The downward correction is expected to continue. Positions are considered from current prices with a view to approaching level 88. Presumably, after which there will be a pause and a likely continuation of the fall. Thank you for like and share your views!
UK BRENT OIL New forecast The price of Brent crude oil contracts was not able to hold for long above the support of the ascending channel, trading negatively and heading towards a possible test of the pivotal support 89.55. The conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next trend, noting that...
Price action analysis for WTI Crude Oil. Important key levels. Potential swing long trade explained. Trading recommendations & plan. ❤️Please, support this video with like and comment!❤️
💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story. In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a...
Pair : Crude Oil Description : Completed " 123 " Impulsive Wave. Bullish Channel as an Correction after Impulse , It has completed " abc " and Rejection from the Upper Trend Line with Strong Bearish Price Action if it Breaks the Lower Trend Line then Sell Entry Precaution : Wait until it Breaks or Rejects Trend Lines
In this tutorial idea, I have shown a custom numerological fib that can work as a support, resistance and buffer zone for local and global trend reversal. Also Gann, which indicates reversals in the trend and all this together can be used for both global and local work. Also we see that exactly from the high we have had 5555 days for the strong decline that is...
What a pump on WTI Crude Oil. Following the geopolitical tensions, the market bounced nicely on Friday. Ahead I see a strong daily resistance: 88.4 - 88.6 area is the last resort for the sellers. If the price breaks and closes above that on a daily next week, it will be a strong bullish signal for you. You can anticipate a bullish continuation all the way up...
Many Fibonacci and Harmonic Confirmations Bullish - Butterfly Harmonic , With Expanded Flat ABC Elliot C = 1.618 A 1.618 AB = CD ( PRZ As per AB=CD Pattern ) 0.50 Retracement Levels Trade at your own decision , I'm not a financial adviser.