How to trade with Divergence? A condition where the price candles’ tops or bottoms point in a different direction from the corresponding tops or bottoms of the oscillator's signal line is called a divergence. Such divergence can be bullish or bearish. In simple words, the price movement is opposite to the stochRSI, Price lower lows, stochRSI higher lows =...
oil is up buy it now, see the trend up for know why i buy oil
Oil looks bearish as there is plenty of external sell side liquidity below price.
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crude oil just broke the neck line... as tension in market oil supply, this looks as really nice for long position.
The fundamentals for oil to be over $100 USD per barrel are in place; oil inventory reports are getting lower, and what happened today between Israel and Iran could potentially push oil to $120 USD. There is a bull flag with a breakout there!.
Our overview: Jitter due to the Red Sea tension persist. CoT released Friday "net long positions" report, showing an increasing long positions in futures and decreasing in options by the "non commercial". This could suggest that the market could be close to an upward movement of the price. Waiting for market mover data and news. Trends analysis:...
Strong Red TrapZone and Red UMVD for Oil futures, We are going down even further.
Oil and Petrobras in tandem. Possible bottom in CL due to geopolitical situation in the midwest. Please se video for exact points and opinion. Thank you.
Basically and continuation of previous published idea. Wave counts have been updated and the low at Wave 2 sets the lower channel. Wave 1 ended and was followed by and expanded flat Wave 2. Continued movement above the bearish downtrend channel continues to give great confidence we are seeing a trend change to bullish movement. Friday's closing looks to have...
Crude Bullish Or Bearish today? I think she will go down.........but you tell me your opinion? Due to the levels I thought they could break through and/or jump up lol....... I could be SUPER wrong but.......
CRUDEOIL double bottom breakout possible above 6175 looking tgt 6250-6300++ very short term keeping on radar Crudeoil 6100 CE
Our overview: Red Sea tension on focus again. Divergence on hourly RSI. On breakout and close on hourly timeframe above $74.00 push the price straight to area $75.60/$76.00. On the other side, breakout of $72.80 could push again the price towards the bottom of the trading range. Trends analysis: Primary(purple): upward corrective structure wave C,...
Day RSI if crosses 53 then an upmove likely 74.34 may be crucial level, also taking support on monthly pivot but should cross RSI 53 for upmove otherwise a downfall possible.
WTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported....
Since September 2023 the price of WTI crude futures has been painting almost a textbook wedge into the 68/69 support zone. Aggressive traders might find the current price to be a good buy point, depending on their drawdown tolerance.
Oil has been chopping around the 67-73 area for about a month now and has not created any lower lows after last lower high. Clearly holding up very well and broke the multi month down trend line of resistance and is currently finding/bouncing off it as support. Ideally would like to see the trend line hold and not breach below. A hold of 72 would be very bullish...
Bias Bullish if break above 73.30 and stay 1-3 Hrs.' above mentioned trigger line then we can easily meet with prices at 78$ in coming days. 1.Symmetrical Triangle which is price continuation pattern. 2. Upper trend breakout will heat up bulls. 3. Most influential trigger line will be break in daily time frame at 73.30$. 4. Inventories short fall. 5. Seasonal in...