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Within the current setup, we are expecting WTI to fall a bit further. The goal of the current movement lays around $78.59. After hitting this area, the price should massively increase again. Happy Trading!
In my view has a higher probability to break below $82 to $80 and then to $77 before it bounce back!!
On 25th October 2021 USOIL reached our price target of 85 USD per barrel. After that we announced that we would not be surprised to see shortlived correction since USOIL reached overbought condition in the short-term. Now it is clear that price retraced from high of 85.39 USD to as low as 80.62 USD today. It is likely that correction will continue little longer...
Hello everyone, This is my idea for WTI Crude Oil in daily timeframe, You can see the details in the chart, If you have any idea or question about this scenario please share with us in comment. I will provide more Elliott wave count daily if you are interested follow us to receive updates. 📣 Attention 📣 ⚠️ 1. We publish this trading idea to help analysts, so if...
WTI looks to correct. We shall see if it will follow through.
Oil has broken structure to the downside, and a return to the originating impulse was expected... and now fulfilled. What now? This video explains identifies the most likely scenarios... and the higher probability movement. I believe price is indicating further declines, for a shallow pullback on the HTFs.
After reaching the 261% fibbo extension, hitting the guideline of the last two highs on the high side, after 9 consecutive weekly green candles and plus the sum of the first low of the uptrend since 60 is a good time to think about sales. no? This last weekly candle has left us a curious wick and the formation of an MHM, apart from all this we have to bear in...
The West Texas Intermediate Crude Oil market has fallen rather hard to kick off the trading session on Thursday, but as you can see, we have rallied quite drastically to recapture the $82.50 region. By doing so, we ended up forming a bit of a hammer, which of course is a bullish sign. By doing so, I do think that it is only a matter of time before we continue to...
WTI has been in a strong bullish rally for quite some time, but we believe that the market could turn around soon, after all WTI and NATGAS have been in the news for too long and the bull run might just be ready to turn south. We already have lower highs forming, and decent indications that we could see a correction. - It's worth a shot to sell as if this market...
The trend is yours - its just to follow it. After some bullish weeks, we could see a pulllback as i mentor in the setup. We have to breakdown from the triangle to confirm
WTI oil continues to rise along with other commodities. Recently, USOIL reached our short-term price target of 82.50 USD and then our medium-term price target of 85 USD. In light of these events we would like to change long-term price target of 90 USD to medium-term price target. In short-term we remain neutral as price of USOIl remains overvalued at the moment....
Oil has seen a very bull run due to the energy crisis. The price peaked with a pin bar at a resistance point. Hence, I will be looking at a pullback to around $76.
The OIL price ( WTI) forecast has attached. The golden zone to buy oil has also attached at the comment.
The West Texas Intermediate Crude Oil market has initially rally during the trading session on Monday, reaching towards the crucial $85 level. The $85 level of course has a certain amount of psychological importance attached to it, so it is worth paying attention to the fact that we have fallen from that level. The market forming a bit of a shooting star suggests...
USOIL keeps climbing higher. However, we are growing little bit worried that price is too high at the moment. In our opinion it would be healthy for price to correct before further rise. We think that correction could take price as low as 76 USD. In medium-term and long-term we remain bullish , however, in short-term we voice our concerns. We would not be...
In this update we review the bullish sequence in Crude Oil and identify the next high probability trade locations
The US called upon OPEC+ to boost oil output but has so far been reluctant to tap its own strategic reserves to address the price surge that is denting the economic recovery. It has, though, committed to selling some as part of a past fiscal agreement. Last week, the London Metals Exchange announced several ad hoc measures to address the apparent shortage of...