"Oil is the lifeblood of modern civilization, fueling progress and shaping the course of nations."
By ChartScope
Published on August 25, 2023
Consider the shock of paying significantly more for your daily fuel needs. This not only affects your driving expenses but can ripple into higher costs for essentials like groceries and clothing. Enter the role of light...
Crude continues performing as anticipated. It reached today our target zone while showing ST overbought condition, be prepared for a profit taking wave in the coming sessions.
According to my analysis Crude Oil will go up and touch 100$ to 107$ range of previous year Pin bar level of Fibo 50 to 61% and bounce back down. this time find only buying opportunity till market touch the 100$. keep watching CL for next move.
9.5.23 In this video I tried to show how you could scalp the silver market on an opening price short trade. I projected that the market would do some things that it hasn't done yet so it will be interesting to go back and see what the market did since this video. At the time of this video I thought the market was going to go higher and lower. The oil went higher...
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 5 23 Oil is a great example of how markets can be easy to trade at times and difficult to trade at other times. My gut level feeling is it oil has taken out a lot of sellers and and then your natural inclination is to think that it should correct lower. What goes up a lot must come down at least a little. But sometimes what goes up a lot Doesn't correct so...
9.4.23 There needs to be A caution here. I was answering the question on the previous oil video how to deal with an opening price when the market opened. There are clues that the market may go lower especially when the market comes to a measured move where you would expect the reversal and for the market to go lower. The problem with the first assessment Is that...
I understand some technicals are bullish right meow, although I don’t trust buyer supper after a rip like this… and here’s why.
After breaking the uptrend, all attempts to breakout and back into bullish territory we’re rejected. And market makers pushed the closing price neatly back under key levels before each candle closed.
I chose to sell 500 barrels after...
As I can see there is rounding pattern on crude oil. that can work like support. now i am not giving support and resistance here because it is in curving pattern.
All of these are learning purpose and not recommendation of buying or selling.
9.4.23 This is a review of oil. I was asked if I would short this market at the current price which is a two bar reversal.... and I think the price action is so bullish I would wait for a trade and I wouldn't short right now.... but it is a two bar reversal the short... but not for me. There's so much going on in this market that I used my time to talk about...
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 looks good,
Role out of a long term resistance holding it back since Nov 22.
First time it’s closed over on 4Hr and Daily. Not sure what is in store when this opens… waiting for a signal.
Technical Momentum Strengthens
Crude Oil futures have been range-bound since the start of August, trapped between $85 on the upside and $75 on the downside. The technical perspective shows momentum studies rising from oversold territories, with the 8-day moving average trending just above the 34-day.
DMI + crossed back above DMI -, indicating that the bull market...
The monthly close for NYSE:CL indicates a bullish sentiment, accompanied by a consistent uptrend. Additionally, oil prices have concluded the month above the previous month's high, further affirming the positive outlook for the commodity.
Hi every body i will start my short sell on USOIL as i specified for you on my chart be aware of that ......around 94---95 dollar there is big reverse potential on oil price action....share this through your friends ...
GOOOOOOOD LUUUUUUUCK
