Oil Looking very weak! Natural GAs is almost ready to accumulate on the long side. XLE putting in bearish consolidation!
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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.
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.555 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 80.000 which is a level that sits the 23.6% Fibonacci retracement level and a swing-high resistance. Take profit is...
Oil is up high in Friday's range. the closing price and high on Friday could be key.
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.252 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 78.600 which is a level that sits above a pullback resistance that aligns with the 38.2% Fibonacci retracement...
The energy market may see some headwinds in the next 1-2 weeks. Natural Gas storage update on Thursday. Oil has triggered a head & shoulder pattern
In this video, we conduct a comprehensive analysis of USOil WTI, with a specific emphasis on the prevailing bearish sentiment evident on the weekly (1W) chart. Throughout this presentation, we delve into fundamental principles of technical analysis, encompassing critical elements such as the current market trend, price dynamics, market structure, and other...
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 83.014 which is a pullback support level. Stop loss is at 81.200 which is a level that sits under a swing-low support level. Take profit is at 86.456 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. ...
WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 86.456 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 85.000 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 89.056...
In this video, we conduct a comprehensive analysis of the USOIL market, with a primary focus on the prevailing bearish sentiment observed in higher timeframes. Notably, WTI has recently approached a critical support level. Throughout the video, we delve into essential elements of technical analysis, which encompass aspects such as the current trend, price action...
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...
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...
WTI is the focus for this week. Watch the video to understand how, from a higher time frame, like the Weekly chart, we can find tradeable opportunities on the hourly chart.
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 88.026 which is an overlap support. Stop loss is at 85.600 which is a level that sits under an overlap support level. Take profit is at 91.366 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. ...
WTI Bullish into last week's range again with prospects of an upside continuation for the day ahead.
Midday Europe Market scan, turnaround Tuesday? Plenty of prospects if DXY meets supply.