Bearish Indications • Resistance Zone at 85.26 • AB=CD where the D point is at 85.93 which indicates a reversal • Gartley’s XABCD indicates 85.73 Area • Seasonal Analysis Shows DXY remains Bearish at over 80% in December month Bullish Indications • Three White Soldiers • Significant Support Zone at 0.68329 • Resistance Broken at 0.68629 • Support Zone at...
A good upward correction has been made, the possibility of a price drop is high.✨
UKOIL broke through the descending channel . The price action tested the trendline and closed below it. It failed to make a higher high, resulting in an H&S pattern. The market is making a pullback on the larger scale of the bearish trend . ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
As the CPI numbers and the inflation numbers starts to slow and decrease, and banks are saying that 2023 inflation will drop even more. The oil is facing more down moves. The Saudi Arabia, needs a $75 per barrel to cover the government budget. but what if the decrease production to keep prices high, will be enough to cover the budget ?! In this chart, we are...
UKOIL is trading in the ascending channel. The market is heading to confluence zone where there are resistance and global trendline. The price action has bounced off the trendline several times before. If the resistance level rejects the price, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support...
UKOIL is trading in the descending channel . The market is pulling back on the larger scale of the bearish trend . If price make reject the resistance + upper border of the channel (trendline) then we can look for selling opportunity. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is trading in the descending channel . The price action tested the resistance several times before that acted as support/resistance . The market bounced off from the upper border of the channel and resistance, which is a confluence zone. Price action created range at the resistance and we expect break and closed below it. ------------------- Share...
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
Hi Traders, i know its a start of the week but here you can find the Cruid oil is on major resistance level and .38% of Fib level who could be very nice opportunity to short ukoi,usoil,cruid oil
UKOIL is trading in the descending channel. The price action tested the resistance several times before that acted as support/resistance. The market is approaching the upper border of the channel and resistance, which gives us a confluence zone. If the resistance level rejects the price, then we can look for selling...
This graph is a representation of my point of you of the futures market (USD).
This is the possible trend of #UkOil (Brent) and there's 3 scenario that i indicated them on the chart , everything is clear , but just in case if you had any questions please feel free to ask ! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban :...
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
UKOIL retested the resistance zone and has been rejected. Price action could not make a new high. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL moved down as we predicted in the last post. Price action has created equal support levels. But the new high is lower than the previous high, meaning that the bulls are running out of steam. The market is in a consolidation phase. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is forming a big triangle by making lower highs and higher lows. Price has previously made sharp moves downward from the 112$ level. There is a good chance the level could hold the price. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is gradually approaching the 114.50-115.00 resistance zone. On a global scale, UKOIL is moving sideways. There is no clear trend. We already can see two rejections of the zone. A false break of the resistance would be ideal moment for shorting. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!