The Daily chart shows the first corrective impulse lower from the highs and the ensuing consolidation which is visible The target's from the weekly chart are still visible and need a close above $66/$83 to push into the draw boxes otherwise its more of the same within the range i will post a 4 hourly chart see if we can dig deeper. remember this is just wave...
supply and demand zone drawn on CL quote. this is my own idea and opinion. use this idea at your own risk
- since the impact below $95 during the 4th quarter of 2023, sellers have clearly taken control of the market. This sharp sell-off took prices to a new low of $68 at the end of December. Since then, the acceleration of geopolitical tensions in the Middle East and the fear of a widening of the conflict to other nations such as Iran, prices have benefited from a...
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With recent Strike in Middle East, Oil price rocketing up. However last night price retrace below Higher Low structure creating new pattern. Will oil price going down seeking 75.50 and 73.65 ? Just let the technical analysis play.
Stay tuned! Beyond this exploration of WTI Crude Oil options plays, we're excited to bring you a series of educational ideas dedicated to all types of options strategies. More insights coming soon! Introduction to Market Volatility In the realm of commodity trading, WTI Crude Oil stands out for its susceptibility to rapid price changes, making market...
Good evening and i hope you are well. wti crude oil This chart is obviously the hardest because big trading range for a long time where market is absolutely neutral and both sides have all the arguments for their case. bull case: Strong enough rally to 78 and they want to print 80 for a higher high. They will probably give up below 75.5 and try again around...
Good morning and i hope you are well. wti crude oil bull case: Bulls still have the 80 target in sight and they are buying all pullbacks. The uptrend is weakening but i think then can get there. The 1h 20ema is holding pretty good and we are right at it. So it's a buy. The drawn wedge could get us there but bulls have more trend lines below which can hold. Last...
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 Crude OIL is nice to see strong buying reaction from the price 74 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Uptrend + Volume cluster are my mainly...
2.12.24 I thought the dollar would correct lower and it did but it could only go to a support area and then it found some buyers... so if I'm looking for the metals to go higher because the dxy went lower we're going to have to wait for some new bars. This is no big deal. Likewise, I thought that oil would go lower and it did But it tested a potential support...
**CrudeOil:** The lower line of the channel acted as support, causing a continuous rise throughout the week. This week we have resistance at the EMA200, with a retracement back to the lower price of the channel. There is a strong possibility of breaking the channel and making new lows at 72.40.
Hourly Chart Bearish Divergence Sell Stop below the HL with target TP set to 0.5 fib level of the move and Stop Loss above the highs 1:1 RR Trade
2.10.24 If you're serious about learning a techniques that I'm showing here, I think it's important to go back and look at the videos on oil over the past week. this is because I'm using most of the tools that I use most the time, and I made some conclusions about how the market would transition into an acceleration if certain things happen... and this is based on...
Currently watching Crude Futs (NYMEX) to clear an Intermediate term High at 79.00 Big Fig. As my mentor says... "To & Through" Reasons: Crude Bullish Seasonally until march/April (Possible Quarterly Shift to downside) Commercials Net LONG DXY Bullish Failed to break lower on Daily (Indicating to me higher prices are in order) HTF MMSM, however Long in...
There is a good possibility of a good rise in Crude Oil next week, because a trend is being seen on the daily chart of Crude Oil, and with the support of this trend, Crude Oil is moving towards the 50-day Simple Moving Average, as well as Crude Oil It is also getting strong support from the 100 day simple moving average. But it should also be kept in mind that...
CRUDE on Monthly support, seems like holding it, safe traders may wait for trendline breakout, risky may enter with SL below support. Levels on chart. -View for education purpose only. Saptarish Trading.
After a scary downside week the crude i anticipate for a 4% bounce back to 75$. The fundamentals are mixt base on the empty words ceasefire between Israel and Palestina with had also a impact in moving the price down. But over the weekend US have stike as response to Iran Attack witch may cause an impact in creating big moves. Should we not forget the OPEC...