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... ;)
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... ;)
CL in a critical level. Please see video for exact points. Thank you.
Using Elliot Wave / Fibs I show possible reversal points and the ultimate destination which is down. I think once Israel announces their will be no ground "invasion" oil will start heading lower. I expect the announcement before long as pressure is building and the bombings have already killed enough innocents.
My 10/07/23 Crude Oil post noted that after a 13% drop it could be due for a bounce. As of 10/13/23 it appears the bounce could be complete. Crude Oil has retraced a Fibonacci .50 of its 13% drop, and has taken the form of an Elliott wave Single Zigzag pattern. Also, Minor wave “A” is close to equal Minor wave “C”. The most common Fibonacci relationship in a...
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)