After gold fell from 1965 to 1932, it needed a rebound with a wave structure. The target range for the rebound is the 1945-1950 area. 1950 is also the central axis position of this wave of adjustment. For today's idea, we will first rely on the 1950 position to be bearish. Below, the vicinity of 1932 and 1931 is the weekly support. This position is expected to...
Hi, today i will bring you an idea of a USOIL Long Setup, in this case i'm using basic concepts, considering the war of Israel vs Palestine too, i'm searching for longs since we will have an IRL>ERL Cycle as we had in LTF, which is where we took the Weekly FVG on OTE and then went for OTE again and reacted to the OB, now i expect us to take the pending Daily FVG...
In terms of crude oil, oil prices have fallen sharply for two consecutive days. When doing crude oil, you must follow the trend. The focus today is whether 75 can be held. If it holds 75, it may rebound to around 77. Yesterday, it was blocked from 77.1-3 many times and fell back. Today is the best opportunity to go short. If it falls below 75, the decline will...
Crude oil prices broke low again before the U.S. market. The daily K-line is bearish and engulfing the market. The real-time price is running below the lower track of the daily Bollinger Bands. Yesterday, all joint support nodes declared defensive failure. This is a carnival for shorts. Taking advantage of the trend, shorting at high levels will be more...
In terms of crude oil, Saudi Aramco said that the current production capacity increase is progressing smoothly. At the same time, crude oil production in Iran and other crude oil-producing countries has also rebounded to varying degrees. At the same time, there are reports that future crude oil demand is expected to decline. Both ends of supply and demand have...
Crude oil continues to sweep, and it is also a time cycle. The direction determined by the US market has the best continuity. It accelerates when it starts, and the range is around 25-30 US dollars. The current price has formed a range similar to an open trumpet, with upper rail resistance 83.7-83.9 and lower rail support 79.0-78.8 So, for today's crude oil,...
This week, crude oil has been running between 80 and 83.2, which is in line with my previous forecast, and I have made very good profits in this range by going short on highs and long on lows. Follow-up focus on whether the yuan oil breaks through the sub-range! If you are confused about trading, please join me, I believe you will have a great harvest!
The important support below crude oil is around 80.8, the upper pressure is 83.5, we are still trading in this range today, and we have a very good profit! If you are confused about trading, please join me, I believe you will have a great harvest!
US Crude Oil New forecast The price perfectly fulfills my last idea and price reached to our first target +70 pip. The price of oil rose and the channel resistance remained above it, showing more upward bias and heading towards achieving more expected gains during the coming sessions, waiting to test the 83.24 level initially. Therefore, the bullish bias...
Today, crude oil is still oscillating between 80 and 83, and continue to pay attention to whether it breaks through this range! Today, we are once again in the range of high short, low and long, harvested a good profit! If you are confused about trading, please join me, I believe you will have a great harvest!
After yesterday's pullback, crude oil continued to rise today to near the pressure level of 83.2, peaking at 83.4, we are trading in this range, and the profit is very good! At present, the price of crude oil is around 82.2, if you can continue to do more after encountering support, in the short term, crude oil is a volatile trend, must grasp the direction of the...
On the weekly timeframe, USOIL has already reversed into a buy, breaking significant structures. I believe it'll keep seeking out buys. The daily time frame confirms that too - with current weakness showing in order to gather liquidity to complete the long move. In terms of where it'll react from - that depends on the structure it breaks. If it breaks (Likely and...
The current price of crude oil is 82.7, reaching the main support position below, and the current price is directly long! If you are confused about trading, please join me, I believe you will have a great harvest!
The deteriorating outlook in Europe has left oil traders wondering whether global oil demand will remain resilient next year. On the other hand, the US third quarter GDP data exceeded expectations and continued to deliver strong economic growth. A higher dollar and an uncertain economic outlook seem to be haunting oil. Oil prices rose on Friday on fears that...
Two scenarios. One Long. One Short. Fundamentals: - Scenario 1 (Orange arrow) Target: Next resistance level (upper red rectangle ). Recent swing top. Requirments: - Monthly close above the orange rectangle. - Higher swings above it Invalidation / SL: - Fall under orange rectangle AND generating lower swings. Time duration: days, weeks,...
HELLO TRADERS,,, As i can see this chart of USOIL it is moving same as we had predicted in our previous analysis Israeli & Gaza War Tensions are driving Gold and Oil prices in bullish trend and we can see a Wyckoff Pattern on the base of technical view the support is holding the price of oil and i am expecting it will boost to the upside for completing this...
Try to catch, a stop below $83 here. We saw the reaction to the last downturn. The next destination is $80, but maybe that's why we'll refuse here, because everyone expects it