Hey looks like daily and weekly timeframes are starting to swing short and a big dump could be starting here, just a heads up would look for a pull back up first before short entries.
Oil is likely to hold above 85$ in the near future. At the moment, a small downward correction suggests itself, but you should be careful, as the price is moving in a strong uptrend. SELL scenario: A deal to sell is expected after the formation of the third top. This setup will be as confident as possible with the target of 85.15. ...
USOIL has been following my every analysis. I'm adamant that we will eventually reach the $120+ a barrel indefinitely. Following up from my previous analysis, it's time to grow more from here to TP1 78 TP2 82
XTI, Price showing rejection from weekly Trend Line and ranging above weekly and Monthly High , Few Pips Stop loss, Possible Drop Expected
In our previous prediction we earned 600% growth. XTIUSD trade has strong resistance and there is potential chances trade will reverse from that point back to touch lower trend line . If trade breaks trend line then In that situation trade will go for big decline zone.
XTI/USD OPEC+ outside OPEC has left unchanged plans to increase oil production in February. The current growth is supported by events in Kazakhstan and pipeline problems in Libya. Trading volumes are accumulating for a downward correction, after which a transition to a flat is most likely before any progress appears in the US-Iranian negotiations.
In our previous prediction we earned 250% growth. XTIUSD trade has strong resistance and there is potential chances trade will reverse from that point back to touch lower trend line. If trade breaks trend line then In that situation trade will go for big decline zone.
its making a flag pattern but its near to the resistance expecting it to fall below the bull power is weakening so far
USDWTI H4 Still in that lower low lower high sequence as highlighted in the above rundown. The first trading zone offered just 1R, enough to bullet-proof and eliminate risk. Price pushed beyond resistance and we are now back on that 71.50/b. If we see rejections from here, we could trade back down towards sub 70/b and respectively 65.
USDWTI H4 This setup is still valid, we are still within that latest lower low and lower high sequence, we just popped higher above our H4 trading zone. Looking for a break of 71.00 and subsequent retest of 71.50 on the hourly to allow for the break and retest play on the hourly timeframe.
From marking out key zones it’s been a profitable week trading oil, this week I will be hoping for a break either uptrend or down but most importantly just following the market and the money waiting for confirmations and continuous patterns and structures.
XTIUSD, Crude oil trade can go for big recession in upcoming days. You can keep two entry and target points as shown in the chart. Trade will be invalid if oil crosses $95. Dear traders, here I published my technically analysis. I will enter in the trade when I will observe sell candle. Before you enter make sure trade should show bull exhaustion. If you like my...
TVC:USOIL Has now tested a massive broken channel and heading south. Odds are high to close in red troday. Follow for more updates.. #AHMEDMESBAH
today OIL dropped to 62 .70 a support Daily zone, and rebound there on divergence. I think OIL will go to make a lower high, because weekly chart i think is already bearish. See price action, before go long (zone to buy on chart) Targets on chart. Be carefull, patient and discipline. This post does not provide financial advice. It is for educational purposes...
USOIL is ultimately bullish however, I believe that we will see a retracement to $72.61 a barrel due to it's previous pullbacks to the bullish trendline as we have experienced in the past few months Please catch the live analysis here.
➡️ For oil, further downward movement is expected as part of the correction, for now. Meanwhile, OPEC lowered its forecast for global oil demand in 2021 to 5.65 million barrels per day. She named the slowdown in demand growth in China and India as the reasons. Although it should be noted that oil did not react much at the time of these events. Technically, the...
And so, the forecast for oil remains the same. It is expected that during today, the instrument would return to the downtrend channel and from there would go to the levels of 81.70 and 80.45. If the price consolidates further above 83.40, the SELL-scenario is canceled. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.