Oil has had a massive bullish run since 2020 which was driven by pandemic followed by post pandemic demand in addition to the more recent geopolitical instability between Russia, Ukraine and NATO countries which accelerated the price to over 100$/bbl. Years of negligible reinvestment into new oil plays by the energy sector and ever expanding demand for oil should...
Possible levels (1, 2) to start correction. This is just an idea, bullish continuation is also possible (3). Good luck!
As mentioned on my last two ideas (April 19 and May 02), WTI Oil has been neutral on the medium-term where scalping was favored: Today's analysis is on the 4H time-frame where you can see the range more clearly (Resistance at 116.60 and Support at 93.00). On this post I present the golden combination that offered 100% profitable results during this 1 month of...
This graph is a representation of my point of you of the futures market (USD).
Crude following along pretty well, from my many updates entering the next leg down to complete the Y wave of this complex double correction. should land around $85 in June. Invalidate the next leg down by breaking out over $115 then that means W3 likely starting towards $170 sooner vs later.
XtiUsd WtiUsd UsOil Next Week Idea #WtiUsd #XtiUsd #UsOil
More than a week ago, we warned about potential EU's ban on Russian oil and the risk it poses for the higher price of oil. We suggested that this step would lead to higher prices of oil in the short-term. Just two days ago, Germany was reported to back a gradual ban on Russian oil. Because of that we abandon our short-term and medium-term price targets. Although,...
A few weeks ago, we noted that we believe USOIL peaked and is headed lower. Indeed, we set a long-term price target of 90 USD. Now, we would like to change this price target to medium-term and set a new long-term price target of 80 USD. Additionally, we would also like to set a short-term price target of 95 USD. Illustration 1.01 Yellow arrows indicate the...
WTI Oil (USOIL) just broke above the Lower Highs trend-line that started after the brutal March 08 multi-year High. The 4H MA50 (blue trend-line) has turned into a short-term Support while the 4H MA200 (orange trend-line) remains the short-term Resistance. Despite the Lower Highs trend-line, the price action remains rather neutral due to March's wild swings and...
ABC pattern is finished. Elliot wave will create new powerful upside. Long investors gave up a lot also. The major group can develop to next level of price this time.
For the past year, we were predominantly bullish on USOIL. However, this came to a change recently, and we turned neutral to bearish on USOIL. That is due to Strategic Petroleum Reserves being released in vast quantities, production hike talks, and the eventual need to lower energy prices. Therefore, despite the general bullish narrative, we make a contrarian case...
Hi, It looks like another short. It's always better to wait for a confirmation, but I started with a small position NOW. I wish you good luck, but Risk management is a lot more IMPORTANT!
Wti oil seems bearish ahead stay cautious . Sugnals are clear. What i sense is bearishmarket. Oil will stabilized itself below 95 in next week.
Dear Friends i see Usoil(WTI) in good momentum and in yellow area take a position for RR 1:4 but take care to Trace in h1 if strong Bullish Candle you saw , Save Profit in 1:3 and more
My thoughts on WTI. Leave a like if you agree or have the same idea as mine.
WTIUSD OIL bearish WTI broke below a key long-term pennant that had been squeezing the price action earlier in the week, with some technicians taking this as a sign that WTI will fall back towards support in the $90 area. Projection would be 60. But on Mediumterm i think we will have conditions to go to 93.50 or 90.00. Would be our targets. I will be a false...
Biden's new policy of releasing preserved oil could be effective if the war finishes earlier. but it seems to be long run. Also the monthly candle is pointing out the edge high to upperside. This energy and circumstances will create new high for the WTI oil.