✅WTI OIL will be retesting a resistance level of 83.29$ From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
For Tuesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 73.40 is likely by the end of August, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.48 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy...
A well times Long on the previous Oil post: Unfortunately i was right and I think the 'price is right at 88-92$' in the best case scenario....' 100$ barrels still a valid scenario for end of year.. i hope we don't see that Why bad news? The answer is off course inflation. We live in a dirty world where humans still make wars and play all kind of dirty tricks...
WTI Crude Oil turned overbought on the 1D time-frame (RSI = 70.618, MACD = 2.330, ADX = 75.260) as it is extending its relentless rally inside a Channel Up pattern since the June 28th low. This 1 month uptrend is approaching the R1 (83.50), which is the High of April 12th and current Resistance. We are using this as a short-term buy opportunity (TP1 = 83.50). As...
A two-sided framework continues through summer between 62.14 long-term support, and 81.61 long-term resistance, both regions able to contain seasonal activity. Upside, 81.61 can contain buying into later year, once tested 62.14 attainable over the following 3 - 5 months, where the market can bottom out on a seasonal basis. On the other hand, a weekly...
Dear colleagues, I believe that wave 3 is not yet complete, which means that my previous idea did not materialize. Therefore, I expect the price to update its high after a correction to 78.00 Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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...
WTI Crude Oil broke and closed above one more horizontal key resistance. Buyers keep showing the signs of strength. It looks to me that they will manage to push the prices even higher. I will expect growth to 81.1 now. ❤️Please, support my work with like, thank you!❤️
Following my earlier count, I expect the price to start going sideways in wave iv without exceeding the top of wave (5) of of iii. So far, the count has proved successful, and I am not actively looking for alternatives.
Oil Gartley and weekly W in play so looking for consolidation and then short into levels below.
For Friday, the 78.04 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement today at or above 82.55 (1% above 81.73) would set off a significant buy signal into later year, 103.70 then expected over the next 3 - 5...
Hi Traders! USOIL is looking extremely strong and does not look like it is slowing down; the psychological 80.00 level looks like the next resistance target. Our bullish bias on this product has played out very nicely since the market finally broke above the previous range zone. We have since then stayed in the ascending price channel with higher highs and...
For Thursday, the 77.96 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside...
Baed on the supply worries and the potential boost from chinese economy, there could be a move upwards, short pullback and then a move for the (needed) 80-level.
Technical Analysis: WEEKLY BEAISH Daily Bearish 4H Bearish In the chart above I have highlightened the trend, the Bear and Bulltraps. We have falling Highs/falling Lows. A bullish pullback signs eveytime low volume and low volatility that is the evidence of bulltraps caused by oil companies(and big speculators) The oil companies have also their own trades who...
For Wednesday, the 77.88 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside...
Oil is at fresh highs despite breaks in structure. Eye new break of structure for shorting again.
As per the W and M strategy, WTI is offering set ups for a short across the time frames.