Supply and Demand: The price of crude oil is heavily influenced by the balance between global supply and demand. Events that affect these factors, such as production cuts, geopolitical tensions, or changes in energy consumption patterns, can significantly impact oil prices. Conflicts and political instability in major oil-producing regions, such as the Middle...
CrudeOil Chart Analysis.....16/10/23 Long : 7290 Sl : 7100 Target : 7324 / 7500 / 7650 / 7760 ============================= Short : Sustain Below 7100 Enjoy !
Crudeoil Chart Intraday You can make profit in long/short by keeping both side view. You do not have to fight the market. When the stop-loss is hit, exit the position with loss and if possible, reverse trade. You have to understand the difference between intraday and positional view. Enjoy !
The buy zone for oil is between $79 and $78 a barrel take profit at $120
Crude Oil Chart Analysis Intraday Short 7110 SL : 7130 Target : 6985 Enjoy !
Price broke the downward trendline (red line) and the bearish market structure. Now it is forming a bullish continuation pennant. It's possible the price will make a bearish fake out before reversing up. Let's wait for the confirmation on which direction of trades we should take.
While it's unclear whether crude, which has experienced large moves recently on account of the developing conflict between Israel-Hamas, wants to trade higher or lower over the longer-term, we’re looking to take near-term longs after filling the downside futures gap formed 10/6. We’re only showing down to a 30-minute chart here, but there are some smaller...
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)
Oil has unsurprisingly opened higher this morning after Hamas launched a large attack on Israel over the weekend to which Israel has retaliated. Also 4H chart wave analysis looking good to bet from this area expect wave 3 to come big gap act as strong support is used to confirm this entry
In this update we review the recent price action in the Crude OIl futures market and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Crude oil buy in this sideways market. once breakout market will be volatile till 7332 target range. and then may fall from that 7332( after target will confirm)
Downtrend on both the 4hr and 60min charts. 15min supply zone with the 4hr TrendCloud.
The price of oil may attempt to retrace the decline from the monthly high ($91.88) as crude trades back above the 50-Day SMA ($85.17). Crude Oil Outlook The price of oil holds steady after gapping higher at the start of the week, but a close above the $85.70 (38.2% Fibonacci extension) to $86.60 (38.2% Fibonacci retracement) region opens up $88.20 (50%...
Crude oil Intraday Short : 7115 Sl : 7202 Target : 7000 Enjoy !
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)
On CL1 as you see on the chart we have a buy idea because we have the breakout with force the support line and the vwap indicator by a big green candle with a large green volume.Thanks!
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
NYMEX: WTI Crude Oil ( NYMEX:CL1! ), COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) Over the weekend, military conflict in Gaza between Israel and Palestine shocked the world. I condemn violence against civilians and pray for the victims and their families. In the following paragraphs, I will discuss how the prices of strategically important commodities, namely...