If the price of crude oil respects weekly pivot points, there is a high probability that it will form a head and shoulder pattern in next few days. If confirmed the target will be around $80 or below
The price of oil carves a series of lower highs and lows as it continues to pullback from the yearly high (95.03), but crude may attempt to track the positive slope in the 50-Day SMA ($84.74) as it holds above the moving average. Crude Oil Outlook The price of oil appears to have reversed ahead of the August 2022 high ($98.65) as it slips to a fresh weekly low...
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)
WTI oil is going to test 84.5$ level while Dollar is going green, probably it’s will go down more than this level. we will wait to see price move after test the level. Wish you best trades
Crude Oil Now formed and broken, Head and Shoulder for selling target mentioned in chart and conservative entry can go in retesting range 7430
The market show strong bearish breakout candle CL for sell
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... ;)
market extremly bullish in nature might probably play out
A very important Crude Oil top may have been made on 09/28/23. These are the factors. 1) Completed Elliott wave - Inverse Expanding Flat. 2) Bearish divergences on RSI and MACD. 3) Peak on 09/28/23 hit rising trendline. 4) Top one day before Full Moon on 09/29/23. 5) Bearish seasonal patterns until late December There’s potential for Crude Oil to drop to the low...
here is a breakdown on how I use the ash system along with DR. ATM vibes
NYMEX:CLX2023 NEAR TERM :: NEUTRAL / SLIGHTLY BEARISH VOLUME STRUCTURE - CLX23 So far, for the year of 2023, 70% of the trading volume for the November contract has occurred between $95 & $89, with the highest volume around $91, which is the price of neutrality and market balance. PRICE ACTION - CLX23 WTI strongly rejected prices above $92, and sold...
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... ;)
The same information that signaled that we were ready for an opportunity in energy is giving a warning that we may be near a local top. If you've been in the current oil/energy trade since the breakout this summer, you're doing well. Our largest risk to this opportunity is that it is driven by political restrictions to supply and that these decisions can change...
Crude oil..find hammer candle at support..and and it's broke upside..let see
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... ;)
I observe a potential false decline in Light Crude Oil (CL). It may be prudent to consider entering a long position around the $90 area, anticipating a reversal. A possible exit strategy to lock in profits could be implemented in the vicinity of the $100 area." Make sure to conduct your own research and adapt your strategy to the current market conditions and...