Crude oil is still bullish at the moment, because the bottom is an obvious triple bottom, plus all the positive closing lines, this is a signal to continue to stop the decline, At the same time, crude oil is also operating in shock, the shock area is 67-74 line, Intraday strategy BUY69, SL68,
Over the weekend, OPEC decided to cut oil production, which made the market worry about whether the supply side will affect the global economic recovery. At the same time, oil prices also showed a gap and opened higher this morning. At present, they have pierced the previous platform high but the action of rushing up and falling back has also come to an end....
The U.S. debt ceiling negotiations failed to reach an agreement last week. Although they will continue on Monday, there are some concerns in the market, which put pressure on oil prices, and U.S. Treasury Yellen's speech on the possible need for more bank mergers has also increased market concerns about the banking turmoil and crisis. At present, it is already...
As I analyzed for you before, although we did not give us a short position of 73 yesterday, the overall direction is still correct, and the market as a whole has not fluctuated very much, and it has remained between 73-70. At present, international oil prices are rising, and investors are cautiously optimistic that the risk of U.S. debt default will subside, but...
the price on H4 is forming a bearish channel, with the current notation forming wave 2, most likely a complex correction wave will occur. with a fairly high price range, it's better to be careful when you want to trade on large sideways.
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.
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.
What has really happened? Drawing from reserves? Pushing the price cap narrative? They are all temporary relives, just like a plaster/bondage on a wound. Chinese demand will pick up and war continues, and latest developments around south korea... I believe the Oil Rally is far from over, and the longer the spring is tried to be controlled/held, the harder it will...
USOIL may make the same bearish move for a third time on the monthly. If it does complete the move and get to the 618 zone we can begin looking for the LONG.
USOIL The Structure looks good to us, waiting for the this to correct and then give us these as shown on this instrument (chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus...
Trend: Bearish Candle Sticks: Several Bearish Candles; hammer, inverted hammer, bearish engulfing, etc. Support & Resistance: Price is testing current support. Parallel Ascending Channel Support:
US Oil At 114.12 Hey Hey My Friends I am back with US Oil Chart. USoid is trading near important level 114.60 - 115.70 and this have the potential to bring profit taking and even bears on field. Closing week above 115.70 would be a breakout for more. Rejection from current levels 114.60 - 115.70 would support profit taking and selling view.
we still continued from the last analysis to reach level of 128 again, but now we have reached a strong resistance that gives us an opportunity to sell with the correction until retest112
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USOIL - Nice rejection with multiple BOS on the lower TF, waiting for a pullback and this demand level to hold before potentially going long to fill the gap! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking...
Hello traders. I expect the price of oil to break this line, initially $81.5 and in the second stage $79. Are you agree?
USOIL made a massive move after the pandemic and it's now moving in a range. It's currently trading in the resistance zone. Based on previous price action, it seems like it will complete this Head and Shoulders pattern over the next few weeks. But it's quite possible that it will continue its move upward after completing this pattern because there are fewer...
Hello guys, Oil closes above the resistance on the monthly time frame and as per fundamentals the crisis in UK & energy crisis in China also indicating the demand side is strong. I am very much Bullish on OIL and will take the Long Opportunity once found the proper confirmation.