Well I've been tracking and trading the pattern you see on this chart for over a month and the very last formations have played out particularly well: Right now WTI is ahead of the first important test of this uptrend, the 1D MA50 (blue trend-line) which is currently posing as a Resistance. If that breaks, we have a strong case of a bullish continuation....
The West Texas Intermediate Crude Oil market has initially dipped a bit during the day on Thursday, only to turn around and show signs of life again. By doing so, it appears that we are threatening the 50 day EMA just above. This of course is an important technical indicator that a lot of people pay attention to, so do not be surprised at all to see a bit of a...
I’ve been watching the market shifting from yesterday to today’s movements, all pair are gaining against the US dollar. One of the is USDCAD, that pair made me smell the Oil rally. IMHO this is only the start of a morning where the press talks about it. Oil will rise and US will. Be red today. If you are there and believe my theory for today give me a thumbs up...
If you haven`s shorted the top here: Then you should know that USOIL seems to be heading to its major support at 60.40usd.
Hey guys The number of case new version of Covid 19 (Omicron ) is increasing in EU and UK this week so and the demand of Oil is decreased every week . I believe that the oil price is going down again
Hello my beauties. I think oil has been clearly showing signs of a distribution, with a price target measured on the basis of the range volatility, identified by the green area underneath. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing...
Hello everyone hope you spending a good weekend, Here's the update for WTI Crude Oil in H1 timeframe, In the last count in H1 timeframe I expected to see an impulse for the first leg of wave X but seems the first leg is done already with 3 waves. You can see the details in the chart, If you have any idea or question about this scenario please share with us in...
Hello everyone hope you spending a good weekend, Here's the update for WTI Crude Oil in daily timeframe, as we can see in the chart seems the first leg of wave <2> has been completed and we are in the wave X of this correction. I'll prepare wave count in H1 timeframe to see these movements by more details, see the next post for that. You can see the details in the...
That's a bottom for me on crude, possible downside to $58 as daily stoch rsi looks overbought but the bulls can easily keep the LTF overbought long enough to make a stronger push back up to ATH, then allow for a higher high on the LTF b4 finally capitulating up to the W5 1.618 fib extension target $108.
The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Thursday, only to break down rather significantly and show signs of extreme weakness. By doing so, the market looks as if it is probably going to test the 200 day EMA underneath, which currently sits at the $69.21 level. Whether or not we break down below there...
From 25th October's high at around 85, Oil has started to correct and dropped to strong demand zone between 62 and 65. Now, this correction seems to be over and we can have a leg up above 80 again. I'm bullish as long as the price is above 65 and, in my opinion, dips should be bought
expecting it to reach the target level before reversing.
This is an update to my WTI Oil outlook made over a week ago: Despite breaking below the 0.786 Fibonacci retracement level and the Higher Lows trend-line of the multi-month Bullish Megaphone pattern, the price managed to close all 1D candles within the pattern and formed a Support. It has come very close to my first 73.50 Target which is near the 0.5...
Our buying position will be active for the next 2 months and the oil price will be $ 100. - oil price can be 100$ for this winter !
Due to the end of the cold season, we have a pandemic and an increase in the supply of OPEC, we have an adjustment in oil prices. But now due to the strength of the dollar the right area sales are slightly higher
TVC:USOIL Let's say this first - I'm no expert and probably wrong . My trading experience is very limited . However I have followed the market fairly closely over the last couple years and today I had too much time to stare at charts. Let's look at the above chart that I haven't been able to look away from today. First chart in question is of WTI Crude Oil...
OPEC Agrees January 2022 Supply Hike Less than one month ago, WTI Crude Oil was trading at about $85 per barrel, which was a multi-year high price. Over the past three weeks the price descended rapidly from that high, and today extended that trend to approach the 6-month low price at $61.76. The pace of this downwards trend accelerated a few days ago with the news...
Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production. we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon, -Omicron is...