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Hi Traders, here is the full UPDATED Analysis / Breakdown for WTI / USOIL. HIT THAT LIKE AND FOLLOW BUTTON! A like & a Follow or comment is a Free way to Show your support! Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2 .Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for...
Crude oil prices continue to rise after reaching our target area (marked in yellow). After the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ met on Thursday, Saudi Arabia made a strong appeal to members of the OPEC+ oil consortium. Saudi Oil Minister Prince Abdulaziz bin Salman warned that "full compliance is not an act of charity" and noted that any...
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Crude oil is likely to move somewhat higher to close the gap to ca. 40. For educational purposes only.
Midterm forecast: While the price is below the resistance 43.60, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...
Midterm forecast: While the price is below the resistance 43.60, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...
Midterm forecast: . While the price is below the resistance 43.60, beginning of downtrend is expected. . We make sure when the support at 30.85 breaks. . If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
is this the final excess on CRUDE before the first major correction since the run ? Lets see if we get a TOP around 45 ! no confirmation yet no financial advise, only my idea !
From what I can see price is still bullish, we have bullish divergence on a 4H and price has broken through resistance It is now testing a trend line on the 4H and once it breaks, i am looking for a retest before buying to the level where it plummeted previously
For 2 months now, Crude Oil is trading in a rising wedge with tops very close to each other. I believe that Oil will take a dive to 35 soon and I favor short positions as long as the price stays under 43
After price spkiked down it immediatly yanked up. NOw price is coming to fill this area before making a move up.
Looking Potential Movement Buy on Breakout confirmation. ThanKyOu
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