Upon examining the WTI (West Texas Intermediate) crude oil chart, we observe a robust bullish trend, accompanied by a retracement to the 78.6% Fibonacci level. This significant pullback warrants attention, as price action appears poised for a deeper correction. In our analysis, we consider historical price swings, taking into account seasonality patterns from...
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.
Wait and see mode for me on WTI. Lots of potential trades to watch for, just have to be patient.
2023.8.4 USOUSD rose sharply yesterday Hello, I'm Older Duan. Today is Friday, August 4th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index began to fall down...
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.
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.
Despite starting the week on a bullish note, fresh new anxieties over inflation and rate hikes rippled across the market and this development resulted in participants dumping their long positions on the US Oil. With continued selling pressure below the key level at $80.00 level, buying opportunity might likely be on hold in the coming week until there are clear...
A record number of new coronavirus cases in China (the world's highest importer of crude oil) coupled with the inability of the EU to agree on a price cap for Russian oil Crude prices resulted in a plunge in price as the price fell for a third straight week. From a technical standpoint, it is obvious that price action has been caught within a channel ($93.50 and...
President Joe Biden on Friday said he expects further oil supply increases from Saudi Arabia to help lower U.S. gasoline costs after a meeting with the country's leader. Are we expecting to see a downtrend continuation on the charts or will there be a breakout of structure to confirm a reversal in price action? This video explains how I intend to take advantage of...
XtiUsd WtiUsd UsOil Next Week Idea #WtiUsd #XtiUsd #UsOil
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.
In this video, I am going to back test OIL on the 4 h chart! An interesting reversal signal was printed! A total of 9 signals, two were losers and the rest price hit profit target nicely. I used 1 :6 atr multiplier, but when there is a Reversal signal, this R:R will automatically be set to 1.5 : 15 atr multiplier.
Price has finally made it back to the untested supply zone. I expect some bearish price action when it finally makes contact. Price seems overdue for a real retracement. OVB on the Stoch's, as well.
Good morning, as you can see from the chart we are coming into the last reistance level for WTI Crude oil at 63.3-63.4 range. From there a clean break above and we open up the 66-76 level for oil. Watch in conjunction both USO and UCO as indicators of the strength of the move.
Trade recap for ADX-BRIEFING Sunday, December 20, 2020 Trade closed at 7:20 pm NY time More details in the video. François Normandeau Institutional Research Director at ADX-BRIEFING TVC:USOIL TVC:UKOIL
Where is OIL WTI headed next? Our previous tradingview analysis on OIL has offered us and our followers a highly profitable low risk swing trade. Watch the video to learn more about the next trade we will be taking in this market. If you'd like to learn a trading approach with edge that will help you be consistently profitable, make sure you give us a 'like'...
I'm looking to short oil. further explanation in the video analysis