I took a swing trade short position for oil. Oil has respected this trend-line for a while now. Also keep in mind that USA said they will fill their OIL inventories in Februari at a price around 67-72 range.
US OIL
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Sender FX Broker
First ECN Broker Iraq
Analyze BY:Amanj Siwaily
Analyst and financial advisor at Sender FX Broke
US OIL
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Sender FX Broker
First ECN Broker Iraq
Analyze BY:Amanj Siwaily
Analyst and financial advisor at Sender FX Broker
White Swan Harmonic Pattern Observed.
Support & Resistance (8H to 1W)
Falling wedge (Contracting) observed on 8H.
Bearish Ranging Channel (This can give us the perfect entry) on 8H
MACD divergence on Weekly Chart
RSI 47 on Weekly Chart
EMA 20 crossing over MA200
Last cross was observed on 6 Jan 2022
Looking forward...
The above is an...
US OIL
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Sender FX Broker
First ECN Broker Iraq
Analyze BY:Amanj Siwaily
Analyst and financial advisor at Sender FX Broke
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OIL (CRUDE/BRENT):
Oil edges higher start of the week with an "optimistic demand outlook".
- Chinese central bank says growth is back on track.
- WTI (type of crude oil) climbs above $74 a barrel
Factors of reason oil have risen:
- Investors weighed the outlook of China's demand recovery.
- Weighed outlook on the prospect of less restrictive monetary policy from...
Yesterday we seen two tests of the price level 81 both times it did not break through could we see Crude Oil (cl1!) finally have a pull back after a strong bull rally for the past couple of weeks?
Leave your thoughts down below !
CRUDE OIL (CL:NMX) Tested 80 and seems to have bounced off it continuing the bull rally. If bulls still continue this momentum to the upside we should see it test 82.
Whats your thoughts on this? Please comment down below!
Good opportunity with crude oil , this kins of trades work almost every time if we use a time frame with 4h for support and resitances lines , and after we use them in time frame 15min with trend line
I've done a full blown video on the analysis of this trade see my idea links below and the ideas behind the pin bar reversal price action training chart (how to enter the trade).
We're in a downtrend so this possible reversal so i recommend a smaller risk trade,
Beginners - Take profits on the way up after taking T1, move T1 and T2 your stops to zero (No...
We saw an aggressive downtrend in the terms of Crude Oil chart, after hitting one of its highest peaks, which counts 256 days with an approximately 42% decline from that peak, as of chart reveals, a bottom has been formed, but is invalid for continuing the downtrend, so, is it "before it's time" bottom? the long bear period tells us that a good possibility is that...
The USA is in a political battle over the price of oil with OPEC and right now they are winning, but how low can they go? Not too much lower actually, they need to start buying again to ensure their strategic reserves remain useful and not at risk of dropping below the requried levels to support the country in times of emergency.
OPEC $64 - To ensure OPEC break...
The oil market has seen a lot of activity, with recent developments mostly easing worries about market tightness.
In China, Covid-related restrictions have been reinstalled in major cities, triggering rare protests and consequently reducing outlook for oil consumption, in striking contrast to perceived moves to reopen the economy at the beginning of November.
On...
Last week's our target came out perfectly, now I'm posting a new target.
If last week the profit was taken from a long, now this week we aim to take profit from this short which looks very promising and which can bring a nice profit.
Crude Oil - Long - Good oportunity for short term
It reaches the same resistance for the second time, but here it seems that we have a large demand to buy in this area, so I expect for a short moment that it will go up to the resistance where we can take profit, but from there I expect the new fall down stronger.
CAPITALCOM 
