Multiple time frame analysis on WTI Crude Oil. Price action & important key levels. Trading plan explained. ❤️Please, support this video with like and comment!❤️
02 Apr 23 OPEC+ made a surprise announcement to reduce its production starting May. The direction of the commodities price is always about supply and demand. With the China opening, there will be an increase in the demand for crude. The reduction on its production will likely cause crude to trend much higher. Video explained why crude to break above USD106. ...
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Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Following the massive slide couple of weeks ago; we scooped over 800pips profit as the US oil finished last week's trading session up approximately 4%, after factoring in gains from the first four days of the week. This indicates consolidation and the possibility of a technical rebound, which has immediate resistance at both the trendline identified on the 4H...
In this update we review the recent price action in #crudeoil futures contract and identify the next high probability trading opportunity and price objectives to target
Following approximately 2,000 pips in profit last week (see link below for reference purposes); we took a fresh new look at the chart as US Oil prices hit their lowest point since December 2021. I think the slump in oil prices this time, had little to do with supply-demand but more with the crisis of confidence at banks that provide the liquidity for trading this...
In this update we review the recent price action in the Crude Oil futures contract and identify the next high probability trading opportunity #crudeoil
I don't have any fundamental reasons why USOil is selling because I'm not a fundamental trader, but I like the technical analysis of Oil. If the price can stay below 69.60 a barrel, I will be trading back down to the low. I'm grateful for the opportunity to be able to place this trade. Do you trade Oil?
Well, the past three to four months have shown that the only reason crude prices aren’t breaking out of the channel ($83/$70) is because of the inflation hangover in the U.S and the Fed’s hawkish outlook emphasizes how far and high it is ready to increase rates. This was further reiterated by Fed Chair Jerome Powell during his testimony before Congress as the...
Crude Oil has come under increasing downside pressure and has sold off to the 200-week ma at 66.15. We have various long term supports back to 64.54 (55-month ma) but given the sell signal on the weekly DMI AND the symmetrical triangle, which offers a downside measurement to 60.00, we continue to view this market as still vulnerable. Disclaimer: The information...
Hey Traders so today wanted to give quick update on these charts. US Dollar still showing signs of strength and Crude Oil is now back in downtrend in my opinion. Keep in mind that all these technical developments can change daily. But I believe you only have to check it once a day when the market closes to see the long term trend. I think if you see a bottom or...
3.14.23 I think oil is at a support level and should go higher. The emphasis on this video Pertains to gaps and failures to retest gaps because if facilitates Scalping, Not just to enter the market but to exit. This video follows the American Airlines video, And I will try to post a video on the ES which found buyers last night and would have been a good long...
hi dear traders see this vidoe you can write this level and alret on price action level when the price reach to the area good luck
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Following the reversal of Covid-19 policy — the Chinese manufacturing sector posted its biggest improvement in more than a decade last month, service/activity is climbing and the housing market is stabilizing. Economists speculate that the reopening may see Chinese oil consumption hit a record high this year and It was indeed a positive week for the oil commodity...
Oil has been chopping around for some time now. Hopefully, you used it for scalp gains and loss mitigation on prior moves. In either case it's a good time to trade it. But do not treat it as a high risk load in. Levels have to be broken BEFORE you get to better Key PA ones. Watch for more. (back streaming soon)
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.