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...
"A sharp escalation in geopolitical risks in the Middle East, which accounts for more than a third of global seaborne oil trade, is keeping markets on edge," the IEA said in its closely watched October oil market report. All this is as discussed in my previous post. The conflict caused the oil price to rise again. The continuation of the conflict will cause the...
With crude oil got rejected at 92, price has surged high and attempting to rise to seller's level above 90. Will price get rejected at this level or crude oil price will cruise above it to make a new high? N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you -...
alot has changed the gap got filled and the small downtrend got broken can this mean that we will resume the uptrend
Hello,Traders! CRUDE OIL is trading in An uptrend and has made A bullish rebound from the Rising support so IF we See a breakout of the Horizontal resistance level Of 88$ then I think Oil Will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
hello guys... as you can see on the upper time frame usoil made a classic pattern! on the other hand, the price seems to start an upward movement from the light orange area! please put your stop loss behind the specific area. _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I...
What a pump on WTI Crude Oil. Following the geopolitical tensions, the market bounced nicely on Friday. Ahead I see a strong daily resistance: 88.4 - 88.6 area is the last resort for the sellers. If the price breaks and closes above that on a daily next week, it will be a strong bullish signal for you. You can anticipate a bullish continuation all the way up...
Hello traders , on daily TF USOIL has formed a double bottom reversal pattern and broke its neckline. and also because the tension in the middle east and the current dollar economic situation we might see a bullish move from the neckline maybe back to the 93 level. trade safe !
WTI Crude Oil hit twice the Rising Support and today is having the strongest green (1d) candle in 5 months. This is a buy signal assuming the line holds. Trading Plan: 1. Buy on the current market price. 2. Sell if the price closes a (1d) candle under the Rising Support. Targets: 1. 95.00 (Resistance 1). 2. 78.00 (little over Support 2). Tips: 1. The RSI (1d)...
Owing to geopolitical tension around the globe, can expect WTI to trade around 90$ during next week. In 15mins chart, we can see the ''W'' recovery pattern. Can expect an upside movement to 90$. If the situation worsens in war, it will move beyond that. Disclaimer : Trade as per your risk level.
hello dear trader wti ready dor next move and there are 2 number on this chart wti can test PRZ ( fibou extention 1.618 + strong resistance) on 102 near 103 stop loss need for any position goood luck
The International Energy Agency (IEA) said on Thursday that geopolitical risks in the Middle East have escalated following Hamas attacks on Israel, with oil markets on edge and uncertainty about how things will play out or how far the conflict could spread. In its closely watched oil market report for October, the IEA said: "A sharp escalation of geopolitical...
USOIL New forecasts The price perfectly fulfills my last idea and price reached to our target + 100 pip . The price of oil rose strongly to breach the 84.81 level and stop the bearish corrective scenario, heading towards recovery and achieving expected gains during the coming period, as positive targets begin to test the 87.72 level. Therefore, the...
This video provides an in-depth analysis of USOIL (WTI Brent also applicable). On the weekly chart, we observe a bullish trend that has undergone a significant correction to key support levels. The weekly chart indicates that the overall bias is still bullish, but the daily chart shows a bearish market structure break. A bearish trend has not fully established...
Many Fibonacci and Harmonic Confirmations Bullish - Butterfly Harmonic , With Expanded Flat ABC Elliot C = 1.618 A 1.618 AB = CD ( PRZ As per AB=CD Pattern ) 0.50 Retracement Levels Trade at your own decision , I'm not a financial adviser.
Recent events have led to a significant drop in oil prices, primarily due to the phenomenon known as "demand destruction." I believe this presents an opportune moment for traders like yourself to consider shorting oil and potentially reap substantial gains. Considering the conservative nature of your trading approach, shorting oil could be a prudent strategy to...
Over the last few weeks, the price of oil has experienced a noticeable decline. Upon closer inspection, this trend appears to be the result of a series of corrections from the previously bullish market. Currently, there is speculation surrounding the possibility of Wave (C) occurring, which is being analyzed through the addition of Fibo Expansion. It is predicted...