The oil markets have been something of a puzzle to everyone on account of the fact that they range sideways for long periods of time, move a little bit, decapitate one side of the market, and then range again.
One thing I've been sure of is that after doing $120 post-Ukraine War, and after WTI literally hitting $0.00 ( $-40 settlements lol) this certainly was not...
I've got an exciting trading opportunity lined up in the Crude oil futures market. If the price manages to break above $82.14 on Monday, it could signal a promising long entry. This could be a chance to ride the upward momentum and potentially reap substantial gains. Keep a close eye on the market's movement as Monday unfolds.
In case things go as planned and the...
For the month of August, 70% of the October WTI Crude Oil volume occurred between $78.40 & $81.30.
The majority of the volume occurred at $80.00.
The late rally above $81.30 suggests that CLV2023 has rejected the August Value Area and is attracted to the liquidity level of $85.00, where the OI on the Options Calls exceed 12,000 contracts.
The price of oil seems to be tracking the positive slope in the 50-Day SMA ($77.50) as it reverses ahead of the moving average.
Crude Oil Outlook
The price of oil may extend the three-day rally as it carves a series of higher highs and lows, with a breach above the monthly high ($84.89) bringing $87.30 (78.6% Fibonacci retracement) on the radar.
Next area of...
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 we have seen since July may...
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... ;)
Hello There!
Welcome to my new analysis about OIL FUTURES on the 2-day timeframe perspective. In the past times important changes have reached the fundamental landscape of the OIL FUTURES accessments. As inflation is coming down this simultaneously has an effect on the oil prices which pumped up last year and now the disinflation events are also leading to a...
August could be an essential turning point for prices in this regard. This is undoubtedly the case on the WTI price chart.
Early last week, buyers supported oil immediately after falling below $78, the 61.8% Fibonacci retracement of the rally from the June lows (at $67) to the August highs (at $84). This correction has cleared the medium-term overbought...
I would like to start sharing my idea about oil. It is only for my documentation and follow-up documents and to get feedback from other traders. Please do not use it as a signal.
I think the price of oil continues to move up towards 86 and then 88 and 95 USD. Lets see and good luck in your trading.
I advice my follower to not expect a significant movement in the crude oil futures market today, 8/29/2023. Crude oil prices are projected to fluctuate between $79.97 and $80.15.
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... ;)
Crude Oil now,not Break Monthly & Weekly Supports and Sustaimed this Support.Friday Suddently downfall .This down fall for Retracement and immediatly recover the market and U.S.oil also crossed above 80.00USD . Today open 85 points positively. So,now creude oil strong.
Please wait gap up filling after Buy.
This is not Recomend and only my view.Please analysis...
Crude oil is trading it highs to low short fib at the 38.2% line. Oil has a history of trading this short fib line in this downtrend. The last time it traded this level, crude dropped from 81.72 level to 77.57, hitting the objective to nearly the penny. Now, we are trading the highs to low 38.2 level. And, once again, we are having issues getting past it. So,...
