When the facts change so do I. This is an update to my Oil chart I posted back on Christmas 2023 Explanation of how Oil Bulls should handle this chart setup with reduced risk.
USOIL OUTLOOK TVC:USOIL The oil price resumes its negative trading to achieve its expected target at 72.87 and provides negative pressure on it, reinforcing expectations that the downtrend will continue to dominate and opening the way to heading toward our next target, which reaches 69.78 Hence, the downward trend scenario will remain in place during the...
Crude oil made only three waves up over the last few weeks, which indicates for an A-B-C correction within downtrend. It actually retraced into golden 61,8% Fibo. and 80.00 area from where market turned down and now pointing lower, possibly back to the 2023 lows if the channel is broken. So, energy can see more weakness as latest latest 4h structure looks bearish...
WTI oil (USOUSD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 72.853 Why we like it: There is a pullback resistance level Stop Loss: 74.718 Why we like it: There is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level Take Profit: 70.451 Why we...
Crude Oil is currently testing a solid rising trend line on a daily. I see a double bottom formation on that on an hourly time frame with multiple rejections and a peculiar gap up. The price may bounce. Goals: 73.27 / 74.16 ❤️Please, support my work with like, thank you!❤️
Daily chart, it should test support at 76 - 75, then rebound to Resistance line R. After clear crossing (stabilizing for 2 days above 80), the target will be 90.9 Technical indicator MACD is supporting the upwards direction. - Be careful and raise the profit protection level dynamically as the price goes up.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
hello guys... it was the last analysis of the usdcad: "look at the bottom of the chart, as you can see the last lower low touched the flip area and was rejected from there! so we can count on another upward movement! on the other side, in a higher time frame, we can watch the price make a Quasimodo pattern and now it touches it with a pin bar candle so we can...
#USOIL Next Possible Move ..........................................................
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Navigating the Oil Market: Current Trends and Future Outlook The recent two-week rally in WTI oil prices seems to have hit a pause, prompting a closer examination of the US oil market, China's economic activities, and the global supply side of the oil sector. In this report, we will delve into the factors influencing WTI prices, evaluate its future trajectory,...
Good evening and i hope you are well. Here my commentary from last week: The bulls got their big breakout and we made 4.65 points last week. The next obvious target is 80 where i expect sideways movement. I also don’t think we can get there without a pullback first. Target for that pb is around 76.5 - 77. We can also just trade sideways in a tighter range but i...
Hello guys , it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf. if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity . Update the PULLBACK was done exactly as expected am waiting for...
Uranium ore trades is at records highs, as several hedge fund managers are expanding their allocations to uranium stocks, with a conviction that an increasing embrace of nuclear energy as part of a "green" future - along with geopolitically-rooted ambitions to reduce dependence on Russian oil and gas -- means the trend has a lot of room to run. On Wednesday,...
The analysis of the USOIL chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️
Dear colleagues, I have redrawn the waves as a consequence of the change in the trend direction. I believe that the price will still resume the upward movement, but for now I expect the completion of wave B in the area of 72.32. Before this movement, a test of the resistance area of 75.95 is possible. Manage your capital correctly and competently! Only enter...
#MAGICUSDT UPDATE Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about MAGIC. MAGIC is exactly on the way as we predicted. Already 20%+ gain so farm we can see again here upto 55%+✍
Keep asking me about oil. Last week I emphasized that oil did not fall below 74 and will continue to rise this week It can be seen that yesterday the lowest oil price reached around 75.8 and the highest reached around 78.2, but it did not break through 78 many times, so it can be judged that the current range is between 75.8-78.2 In an upward trend, you mainly...