Preferred direction: SELL Comment: After the rally in oil, prices are most likely ready for a correction. The downward correction is expected to continue. Positions are considered from current prices with a view to approaching level 88. Presumably, after which there will be a pause and a likely continuation of the fall. Thank you for like and share your views!
Crude oil - Elliott Wave Count Certainly, here is the rewritten text: Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining...
WTI oil (USOUSD) is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 88.108 Why we like it: There is an overlap support level that aligns with the 23.6% Fibonacci retracement level Stop Loss: 86.519 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci...
wti us oil is bullish. I was thinking about the head and shoulder pattern but I miscaculated. It didn't make the perfect H&S pattern yet!!! How? okay...so the inflation is rising currently due to chinese re-opening. This is awesome for the oil demand. Let's catch this bull trend for short term for now. My target is until 88 dollar.
💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story. In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a...
Fundamental punchline - Instability in the middle east! If the current Isreal-Palestine crisis widens to other states in the region, then oil production will likely be affected, therefore, increasing the chances of an oil rally. Technical Perspective - Bullish trend plus fresh bullish weekly price action from support area
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 86.386 which is a pullback support that aligns under the 23.6% Fibonacci retracement level. Stop loss is at 84.478 which is a level that sits under an overlap support and aligns with the 61.8% Fibonacci retracement level. Take...
NYMEX: Options on Micro WTI Crude Oil ( NYSE:MCO ), Underlying Futures: NYMEX:MCL1! Riding on last week’s story on TradingView, “Would the Middle East Conflict Push Gold and Oil Prices Higher?” let’s explore option strategy to hedge event risk. Last week, we’ve revisited the event driven strategy and how it could be leveraged to hedge event risk: • I...
Hello,Traders! USOIL has hit a horizontal Resistance of 88.5$ and Failed to break it so despite The fact that I am bullish Biased mid-term I think That we will see a local Bearish correction now Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Israel-Hamas Conflict Fuels Uncertainty in Crude Market. Oil prices rise amid Israel-Hamas conflict, with risks of surpassing $100 and potential U.S. sanctions on Iran adding to market volatility. 1. The price closed above the Trend Magic Indicator line. Strong long signal. 2. Vortex will cross and indicates strong uptrend signal. SL - below the Trend Magic...
The price of Crude Oil just keeps rocketing with no stop in sight😍 Oil is up 25% from our POI & the best thing is, we're only at the start of the bull run😂 We've completed Wave I & now seeing a retracement (Wave II) for new buyers to get into the market at a discount.
Dear Colleagues, I expect that the price is in an uptrend despite the decline in recent days. I believe that the price will rise quite high to the level of the maximum of the 3rd wave 91.00-92.00 . Now I see the nearest target in the resistance area at 87.89. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
✅CRUDE OIL has made a rebound From the rising support while Trading in a long-term uptrend So I am bullish biased and I will Be expecting bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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...
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 -...
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 !