As per the W and M strategy, WTI is offering set ups for a short across the time frames.
In recent weeks, we have witnessed a remarkable surge in oil prices, and the current market still exhibits the potential to add to growth over the coming sessions. This upward trajectory in price is a positive development for the OPEC+ in their attempt to break beyond the coveted threshold of $80 a barrel. The remarkable upswing in oil prices can be attributed...
Crude Oil is the market to watch right now as everyone has turned complacent with inflation slowing. If CL starts to rally that can change the inflation story very quickly and potentially get a lot of trader off guard. Fundamentally CL has a lot of reasons to rally according to many of the Macro Traders I follow. Technically CL also has a bullish look as it has...
Today's focus: Oil Pattern – 1st leg Pull back Possible targets – 72.75 Support – Resistance – After Friday’s strong move lower, could we see further selling before oil stabilises after last week’s firm rally back to the $80 Handel? That’s the question I am asking in today’s video, and if we do see further selling, we will also be looking for signs that buyers...
Oil prices soared to their highest level in nine weeks, setting the stage for a potential breakout to the upside and igniting hopes of an uptrend continuation. This surge comes against the backdrop of a weaker dollar, which hit a two-week low following robust U.S. jobs report that reinforced expectations for further Federal Reserve rate hikes. The rally in prices...
WTI is at daily highs but a trap could be set for breakout traders and a break of daily trendline support is eyed.
USOIL could approach a key overlap resistance and potentially reverse off this level to drop lower. The sell entry level is set at 74.034 which an overlap resistance. Stop loss is at 76.944 which is an overlap resistance that aligns above the 61.8% Fibonacci retracement level. Take profit is at 70.005 which is a pullback support that sits just above the 61.8%...
WTI has fallen short of territory above $74 and this leaves the focus on the downside.
Oil looking strong and testing a bearish range breakout. Natural Gas back testing a key support zone.
The bulls are in but this could prove to see a lower price in time.
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.
Despite three production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since October, including support from the Saudis, crude prices have shown limited improvement. This is unexpected, particularly during a time of the year when oil demand should naturally be strong due to summer travel. The Saudis have expressed...
2023.6.30 Daily European Perspective USDX broke up again ! USD continues to strengthen, with non US currencies and precious metals stepping back on key support, and USoil bulls feeling weak! Hello, I'm Older Duan. Today is Friday, June 30 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international...
2023.6.28 Daily European Perspective GBPUSD is about to rise sharply ! USD is weak, GBPUSD is about to rise sharply, and US crude oil continues to be weak! Hello, I'm Older Duan. Today is Wednesday, June 28 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what...
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.
2023.6.27 Daily European Perspective USD is weakening, silver is the strongest among non US currencies and precious metals, and US crude oil is about to start! Hello, I'm Older Duan. Today is Tuesday, June 27 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First,...
EURUSD is Going weak soon ! Hello, I'm Older Duan. Today is Monday, June 26 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index returned to the key position above 55MA...
The USOILSPOT market witnessed a remarkable surge in momentum last week, fueled by positive economic data from the Chinese government. As a result, USOILSPOT closed around the $72.00 zone, allowing us to secure over 500 pips in profit through multiple entries. The rise in oil prices was primarily driven by increased Chinese demand and supply cuts from OPEC+....