resistance of trump era turned to support in biden era. 97 would be next major resistance but overall, this is a chart that wants to make new highs.
Crude Oil is finally looking like it's about to stall and potentially pull back. Back in April, on the gap up, the peak of that Bollinger Band comes in at 91.18. I consider that unfinished business for the bulls. Once that's achieved, then I will look for the daily Bollinger Bands to start coming back in and volatility to start contracting, looking for a mean...
CRUDEOIL is approaching a key resistance level at 7713. If it breaks through this level, it could reach new all-time highs. This week's high target is 7675-7725. Traders should watch for a breakout above 7713 to confirm the bullish trend. If CRUDEOIL fails to break through this level, it could retrace back to the support zone at 7625-7650. Overall, the technical...
The more we look at market positioning on WTI, the more we suspect that oil may be dominating headlines as we head into 2024. In recent weeks we can see that large speculators and asset managers have been increasing long exposure and reducing shorts, which is the ideal scenario for a bullish trend. Yet net-long exposure for both sets of traders remains low by...
CL in a possible continuation mode. Please see video for exact points. Thank you.
The oil price affects the global economy wether you like it or not -- also we have this sad reality that most young people do not want to work in the oil and gas industry -- If i had known this a while ago maybe i would have gotten a job at the filling station or gas station -- But one thing for sure is that this industry offers many jobs for young people -- who...
WTI is riding a robust bullish wave, propelling it to its highest levels in 10 months. In our analysis, we anticipate that, to complete the blue wave , it must surpass the resistance at $93.74. Subsequently, a noteworthy descent is in the cards. It’s essential to note that a dip below $73.89, though with a 38% probability in our estimation, signifies a further...
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... ;)
Short Term Elliott Wave View in Oil (CL) suggests the rally from 6.12.2023 low is in progress as a 5 waves impulse structure. Up from 6.12.2023 low, wave 1 ended at 84.89 and pullback in wave 2 ended at 77.59. Oil then extends higher again in wave 3. Internal subdivision of wave 3 unfolded as another 5 waves impulse in lesser degree. Up from wave 2, wave ((i))...
On OIL is nice to see strong buying reaction from the price 88.1, 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... S/R zone from the past + Uptrend + Volume...
1 or 2? 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... ;)
9.14.23 In this video I am expressing some of my frustration with regard to how I handled oil. I don't think there were any major blunders on my part, And my bias was that oil was probably going to go higher, yet my decision would be or take profits out if I'd been long because I knew the market was likely going to contract... but there's no good entry for me to...
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... ;)
take chnce--- buy crude 7265@--40 sl 7160 tgt 7340--7480+ yes looking spot crude abv 87.55 up side till 89=--90$+++ buy on dipsss
crud espot rickeddd now eys on 90$ if sustain abv 90$ thna expect 92--94+++ let see wht happen in nxt 2-3 session where support 85.55$ only blw expect correction ---- mcx crude already gvn 7265 abv buy or again telling if hold abv 7355 u will se 7480++++++++ seller be alert more lvl update soon stay here
did u see gold melted like ice sold from 58900 low made 58550@ --- crude buy gvn 7265 abv now more if stya abv 7315 ready to zoommmmmm 7480++++++-- in spot alsready gvn soon 90$ near or gold spot 1903 near--
Crudeoil giving trendline breakout on 1D chart. Looking tgt 7400-7450-7500 very short term Keeping on radar Crudeoil 7300 CE (Hero/Zero) Or next contract option for holding