Americans could breathe a sigh of relief with gas prices set to be more affordable this year.
US gas prices hit their highest 52 Weeks in August and September ahead of Labor Day, with the national average standing at $3.82 a gallon FRED:GASREGW , per AAA Gas Prices .
Gasoline prices hit summertime levels in over a decade even as the driving season comes to a...
Here we have another analysis for USDWTI ,
So we expect bearish move in higher TF,
We have two extreme resistance level you can look for short in those areas,
Everything else determined properly on the chart, I will try to share with you my entry setup on USOIL, so make sure you do not miss our analysis,
Any question about USDWTI comment...
To be successful on Wall Street, it is important to be flexible and be able to recognize changing market winds - the patterns that tell investors when to get in and out of the market.
Sometimes a breeze is a warm and inviting wind: assets rise in value, and it seems that everyone is making money.
Other times, it turns into a violent storm, leaving in its wake...
We have United States EIA Crude Oil Stocks Change figures later on today at around 15:30 UK time. This should see a little movement in this commodity. Moving upside in line with previous analysis, just $1/b away from our previous high price.
Interested to see if we can reject from this $77/b price, we have some attractive range targets if we can do so.
Rejections already started from this $73.50/b price. Possibly looking to set pending orders for that $73.50/b price, depending on how things are looking.
The range has been filled and has held from resistance to support and support to resistance for almost 2.5 months now.
Waiting patiently to see this support price of $67/b region to trigger. Solid range from this support price, up towards that resistance price of $73.50, healthy $6 range and 9-10% price fluctuation held since the start of May. Hopefully this continues to remain active and we can continue milking these zones and ranges.
We were following this yesterday and the volume surrounding data points as the NA session came into play caused some noise.
We are starting to stablise at and around that 71.50/72.00/b price. We have a clear hourly rejection sequence. So maybe active price can see us short down to $70.50 and then beyond towards that $69.50 price.
USDWTI H4 🛢
Even after Saudi cuts, WTI is still trading within our range, expecting more headlines regarding OPEC+ and cuts this week and the next 🇸🇦
The range for the moment seems to be holding nicely between $69.50/b and $73.50/b with the exception of the market gap.
Longs from $69.50 would be attractive, as there are talks of Saudi looking to boost the...
Now we are looking to break downside of this $72/b, we still need to see a solid close well beyond this price zone, ideally between $70.50/b to $71.00/b. Lets see what unfolds. But the sense of downside volume is incoming.
Oil broke through another resistance level and now faces another resistance level at 73.00, which is also the meeting point of the upper trend line of the local ascending channel. Wait for it to rebound to retest the previously broken level at 71, where it will also meet the 38.20 Fibonacci level and a local upward trend line. If any signs of a reversal appear...
The oil FX_IDC:USDWTI market has reached the previously predicted target,
with the current price stopping at $70.95, a strong resistance level due to its support of the price in December. This price level also coincides with the 38.20% Fibonacci level, the 50-period moving average on the 4-hour chart, and intersects with the weekly downtrend. On the 4-hour and...
Oil FX_IDC:USDWTI breaks triangle pattern and touches yearly support level,
indicating a potential corrective move. Weak momentum in the downtrend and formation of a reversal pattern support this analysis. To enter a long position, oil must break the downtrend line and the last resistance level at 67.23. The first target is at 69.52 and the second at...
USDWTI D1 - Still lots pending at the moment with regards to the dollar, we are starting the week off bullish, with the dollar up .15$% on the day, cable down .25%, XAU down .27% and WTI down a huge 0.5% so far... Hoping to see deeper corrections. But ultimately, we need this D1 candle on these ***USD setups to close red. Back on that heavy $80/b psychological price
There are two possible senario in my point of view ...
Firstly, crude oil is near the daily horizontal and dynamic resistance at 76.5! it couldn`d break the resistance zone.
Secondly, it might try to make a fake break and then coutinue to its weekly down-trend!
What do you think?
like and leave a comment ;)
Going Over Price Movements 5:00
APPL What I want to see Recap 14:30
Video Sums it up. The average ceiling is around the 4HR hull at 151.81. Depending on where we start...
We are almost reaching the end of this trading setup, eventual target was, or is... $84.50/barrel. This ties in nicely with our D1 S/R zone as indicated on the video analysis above.
Interested to see where we go from here.