Structure: Solid power move to the support zone aligned with the 200 MA Strateg Trade: Short - A bounce back expected from this level Risk/Reward: 1:2 Disclaimer: DYOR!
Dear traders petrol was up trend and strong trend so he rejected previous weekly candle so it may consolidate a bit I expect petrol is he reache the key level of resistance zone it may be down so wait for price action to react and take the opportunity TRADE SAFE
dear traders petrol trying to follow trend up so I expect petrol after bulk back in zone 66.92 it may be a chance to take a buy and if he breaks and close below 66.92 it will be high probability to sell ..follow my instructions and trade safe
= Technical analysis of wti on the hourly chart = The analysis is based on trend analysis and price behavior = Now the price is moving casually in a dangerous area that is not suitable for trading. You must wait for it to cross this area to enter into a trade, and this will usually be done from below.
dear traders petrol was rejected from wekkly support it may correct this move ana retest previous ressistance follow my chart and respect the zone of range price trade safe
WTI had fallen for 3 consecutive days in Wednesday. The bank crisis is calling banks to deleverage their positions, pulling back on their exposure on oil and causing the price to fall. International Energy Agency (IEA) is also reporting that the current situation in the oil market is a situation of oversupply, while Russia is looking for buyers for its oil. The...
I have set this sell limit based on my analysis of the market and trading strategy. Therefore, it is recommended that investors conduct their own research and due diligence before making any investment decisions. Thank You
Oil analysis update = The analysis is based on trend analysis and the Dow Laws = The area from level 80.728 to level 79.058 is not suitable for trading and it is a dangerous area = strong scenario Exceeding the level 79.058 to the bottom, the targets are 76.692, then 73.255, then 70.322 = weak scenario The level exceeded 80.728 to the top, targeting 83.997
Simple 1+1 equals 2. There's a couple factors here. 1) Long-term support since March 2023 kept with multiple re-tests. 2) Long-term 8 month wedge consolidation with recent Jan 2023 breakout up together with RETEST of that breakout at 74.80-75.20 as of today. If the week closes above this support, VERY high chance for continuation of breakout up and 80's-90's...
Analysis of oil on the hourly chart ... Texas crude = Crossed a downward price channel = We have three selling goals The first one started from the level of 75.317 and its target was = 73.192 The second is from level 73.192 and its target = 70.607 The third is from level 70,607 and its target = 68,810
Although the Oil might need a little persuasion, we're expecting the course to drop below the support line at $70.08 to continue with the downwards slope of the blue wave within the green target zone. Once completed, the blue wave should pump the course back up, before it ultimately hits the corrective low of the green wave .
West Texas crude oil just broke its major resistance of double top neckline and now seems to be in a free fall action
The commodity just broke its major support trend line, additionally the formation of lower high and divergence support an upcoming bearish rally.
hidudes west texas oil chart reached to supply zone for good short position 1:8 position
Let's look to Wti. It moved up in the past weeks. But I think that trend is weakening and downside movement is possible soon. Because, Crude Oil is reaching to strong level - 83.83! What should we do in this case? 1. Place sell stop order at 81.52 2. First target is 76.98 3. Second target is 73.16 4. Stop Loss is necessary at 83.50 But if it will continue...
We can see WTI price jumped up as our prognosis here: Now, what will be happen? Price tested upper level on the chart and it will not stop here or it will continue its nonstop movement. Hereby, WTI confirms own strenght. This is very gratifying occasion for us, because we love WTI trading. So, today WTI broke up trend channel to upward. You will see on the...
Hi dear traders. WTI (Crude OIL) created nice trend channel started from 73.37. Upper border of the channel is 75.60. Although, oil prices is moving between these prices from 16 December, as soon as it will jump to 77.55 level. This is my private opinion and this is good opportunity for buyers. Signal characteristics: WTI will move down firstly, then possibly...
The security shows continuation of it's bearish trend after a sharp bounce from its bearish trend line. Sellers can seek the opportunity to sell on the dip till the next respected trend-line support of 67.7. (please note: the energy is formed a falling wedge pattern and might change its trend into bullish, so be mindful).