A break of down trendline, may we see a change in direction of price to the up side. lets buy BLACKBULL:WTI at current price.
This entry is somewhat risky but it is at a good point of rise, the stop is short and we entered with little lottery
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...
Recently WTI OIL is trading below its trend line as well as above its support price 99, price is under EMA 10. There is lack of transparency in the direction. The is a bit conjuction in signals from indicators. No trade is currently recommended. If one have opened a fresh long position than strictly keep stop loss at 92 and for the short holder 99 is stop loss....
WTI is been consolidating b/w 99-106 and avoiding volitlty since 3 days. But when you look at chart it clearly state that there is strong support and a trend line i.e helping wti sustain above 99. WHAT DOES CHART SAY FOR TODAY(INTRADAY) WTI can take a small dip again to 99-100 taking support and will sustain above the trend line underlying at 98.5 HOW TO...
A month ago when WTI Oil was testing historic Highs due to the escalation of the Ukraine - Russia war, I called for the need to pull-back to the 1D MA50 (blue trend-line): That day turned out to be the market top (to this date) and Oil did pull-back to the 1D MA50. In fact after the first 1D MA50 test (and hold), the price rebounded but only managed to make a...
Looks like USOIL will reach its peak around the month of July... I don't think a ATH will be put tho as we are in the bearish part of the 21 years uranus cycle...
WTI Hope Dump for lower oil prices ❤️❤️ Now WTI Make Lower high untill now price has been Enter the decision point ⚡⚡ If Breakdown hope price will super dump near price range late last year Goodluck TamjaiTrader
could bounce from this area lots of support however it looks weak. hopefully pool drops but wouldn't taker much to cause a bounce any news from Ukraine Russia would send it up again
A complete H&S pattern (smaller one) has been completed with neckline broken and re-test done. If bearish trend continues the bigger H&S pattern should complete as well.
We haven't looked into WTI Oil recently, the last post I made was on March 08, calling what I thought at the time as the medium-term peak: The price did eventually pull-back to the 1D MA50 (blue trend-line) and rebounded as it constitutes the medium-term Support, following the March 2021 sequence. On a much larger scale though, and since the war isn't over...
Our previous Oil post was perfectly on support. It is now over 17% higher since our entry. Even more impressively, you may go back to our post on March 3rd: also here: and here: Pure perfection..FXPROFESSOR style OIL PRICES: War in Ukraine is the biggest issue here. Inflation equally the other big issue. Then again you know a lot about these 2 factors but...
A simple analysis of the trend without indicators just following the basic trendline guidance. As we see with don't have an uptrend anymore and that will be more clear the next 2 days. If nothing bad happens again between Russia and Ukraine i think we will go back to the 80-90 dollar region fast. So we go short expecting huge decline and high profit. Good Luck to...
Market Instrument: USOIL Timeframe: Weekly Analysis: Technical Structure: Resistance Breakout and Pull Back Prediction: Bullish USOIL has successfully breached the resistance formed at 110 with a huge buying pressure with the war between Russia and Ukraine. So if the following price action is not going for a fake-out on the breakout formed. Then we may see a...
sell wtiusd (crude oil) short at 125 tp1 120 tp2 114 tp3 110 sl 130
historic falls of oil shows 77% before the next rally. we might be at the end of it. current drop is 77% from near top. also to notice this is making massive falling wedge, for this to be reality. oil has to close above 20$ on weekly chart. which is most possibly as looking at shorts are very high. short squeez is immanent.
One of the biggest (if not the biggest) winner of the current war between Russian and Ukraine, is Oil. Energy crises are almost a certainty in times of geopolitical conflicts involving major producers. Even though it is tough predicting technically WTI prices while war is ongoing, charting past fractals could give an idea to where, at least the next consolidation...
Technically, 0-2 and 2-4 trend lines touched and oil could stop here. Any push outside of channel by fundamental parameters will return below lines.