Price of oil was practically modified on 0.618 according to Fibonacci. It means that in the nearest future we will be able to see continuation of the movement with purpose 88 down again. Information provided is only educational and should not be used to take action in the market.
Price of oil bargains within a big triangle waiting for the decision on the ban on the Russian oil. However, I do not change the idea on reduction of price. I expect an exit from a triangle with the first purpose 88 down. I will remind that earlier the price beat off the upper bound of a treguolnik as I also specified in the ideas. Information provided is only...
The price some time was in a triangle. Now the formation is complete and it is time to choose the direction of the further movement. I expect, as before, the movement with the first purpose about 88 down. If to make Fibonacci's stretching, then it is possible to see the first purpose about 80-81. Information provided is only educational and should not be used...
UKOIL has been making lower lows on the Daily timeframe. Bears are pulling price down. Currently, price is testing strong trendline and resistence zone 110$. This number is very psychological meaning that a lot of sell orders at 110$ price that creates a powerful confluent zone. ------------------- Share your opinion in the comments and support the idea with...
Price of oil moves strictly according to my idea. I set as the first purpose level about 98, correction within a triangle is possible further. But, as a result, decrease to level 88 should be the following movement. Therefore I consider correction for a set of the new short positions. Information provided is only educational and should not be used to take action...
Oil finishes correction. The price showed a turn in the week graph long ago. Now will act as the purpose not 98, but 88. That is the occurred rebound which removed oversold should give new force for decrease. Thereby the price will leave a triangle. Information provided is only educational and should not be used to take action in the market.
UKOIL has 2 scenarios 1rst one is the price go up from 107 => 111 than retrace back to 108 2nd one is going down from 107 => 101 and retrace back to 104 or even 107 or drop more till 98.00 and than retrace back to 100 per barrel
The price moves according to my idea of April 19. Following purpose of decrease 98. In case of overcoming this support down, reduction of price to level about 88 is possible. Information provided is only educational and should not be used to take action in the market.
Earlier oil showed a turn in week the graph, then we observed correction similar to a triangle. Further there was an exit from a triangle up that speaks about further growth. However, the MACD indicator on the week schedule indicates attenuation of the movement up and the forthcoming turn. I consider that the price moves in the descending channel designated by me...
We can see a possible down move continuation toward $97.00. After a break and retest.
UKOIL is perfect position their go on fibbs 0.5-0.618 area once is reach a price then is resist then go next support price 88-84$ USD .
Ukoil after reching 138 as recent high, we got down on news that UAE will increase production of oil, so for this reason 126 level is seems good to have a short trade and since the sanctions are still there and the demand didn't dropped yet, $97.00 per barrel is a reasonable price to pay. buy at 97.00 sell at 126.00
UKOIL is retesting the ascending support line From the ascending long-term channel once again and the horizontal support at 122.15 I expect the rebound to continue and rise to the supply levels above
Brent over 100 and toward 120-130 usd. previously we suggest that crude oil won't go over 100 but international conflicts and Iran talk problem broke all resistances. now C wave will rise.
Hi everyone! In the old to the idea I waited for falling on oil, but the price rose above. And so now comes important the moment, the price comes very close to strong resistance on the week chart. At the level of about 105 (apparently from the schedule) big objema on the monthly chart are located. Here I expect a turn of quotations with the first the purpose...
My idea of February 13 is active! Yes, oil reached target ̆ the price from where I assumed a turn. The First large I set as the purpose of falling level 71.60, approximately (0.382 according to Fibonacci). I think so clear that oil now is overheated. The provided information only educational also should not be used to take measures in the market.
As the new year begins, the markets are a little quiet but in the oil , markets seem a little confusing, Based on OPEC-JMMC Meetings we made our view on the oil market. "That's one way of looking at it OPEC plus seems confident that despite omicron spreading rapidly around the world and with cases rising it's not going to have that much of an impact on oil demand...
HELLO TRADERS Hope everyone is doing great. So here I am with my new setup of USOIL. :: We have some Important levels to understand. ~ Over structure is defining still a continuation of bullish trend and price almost reaching to its reversal area. :: REVERSAL AREA 92.50 - 93.50 ~ This reversal area is actually at the strong ascending resistance as we have...