WTI: repulsion from the previous top (see the rectangle). For the bearish targets, let's look at the FIBO levels. High wave broken in the lower shadow.
8.23.23 I am very sorry about this... I was describing A very important pattern as a bear flag. It is not a bear flag It is a bear trap . I'm going to keep the video and upload it because I want you to see the price action and the little things that I look for that I think can be helpful. Oil is a great market and if you're careful you might leave some money...
The factors that could increase oil prices in short term The ongoing war in Ukraine. The war has disrupted Russian oil exports and led to higher prices. If the war continues or escalates, it could put further upward pressure on oil prices. The U.S. Federal Reserve's plans to raise interest rates. Higher interest rates could slow economic growth and reduce...
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... ;)
See in the Chart.. I have given Selling level.. Looking Down till 6350-6050.. Major Resistance now 7150.. Level for Short in Crudeoil Educational Purpose
Crude oil selling Target 1 6572, Target 2 6504, Target 3 6342. Side ways breaking and downtrend formation confirmation
Crudeoil Giving trendline breakdown Also H&S pattern there Selling on rise only👆 Looking weak Below 6560 Tgt 6500-6470-6400+ We are keeping on radar Crudeoil 6500 PE
Strong resistance for CL is at level 81.91 and currently rejected. As we can see, the intermediate uptrendline also broken. So, right now Light Crude Oil Futures, CL on bearish direction. The support level after rejected strong R 81.91 are at 80.65, 77.70, 75.83, 74.12 and 69.15. Meanwhile current resistance level are at 81.91, 83.67, 85.00, 86.96, 88.52, 89.07...
The outlook for WTI crude oil in the next 3 months is mixed. On the one hand, global oil demand is expected to continue to grow, as economies around the world recover from the COVID-19 pandemic. This will put upward pressure on oil prices. On the other hand, supply of oil is also expected to increase in the coming months. OPEC+, a group of oil-producing...
8.21.23 OIL This video is about oil. There was a buy signal Sunday night. I have spent Weeks getting Interactive brokers set up for bracket orders Generated on their chart.... and finally Decided to paper trade It for glitches in the next week. The problem with today's long trade Is that I'm not comfortable that it's going to make new highs.... it's still...
COT report is indicator that not calculate by price but it indicate that commercial player trend to buy or sell if you check weekly COT report it clear trend that commercial player is buying significantly confluent with wave analysis that Oil can go further I hope correction phase is end yeah hard to predict wave C might go down for more and hit out...
Buy crude oil at cmp, target 6802. head and shoulder formation for strong buy retesting will happen at 6802
MCX Crude Pulling back to 6800-7000 levels and a bullish stance to continue ahead. Looks strong to breach 9 month highs
Looking for retracement back up into selling territory for short sale upon completion of short term distribution due to low oil consumption.
On August 9th, the price of crude oil reached a resistance level around $84.71. This is a point where many traders might perceive the price as being sufficiently high and anticipate a potential price decrease or correction. If the price approaches or revisits this level in the coming sessions, it's highly likely that selling pressure would emerge around that level.
Buy Channel formed in crude, so Buy at 6632 Target 1 (6685)and target 2 (6710)
The market touched levels of $81 before reversing back down. We see that the market did an evening start at the resistance zone that had a shooting star as the Doji body. We see a strong push to the downside with the market gapping down then filling up the gap to close where the last candlestick had closed before. This is a bullish counterattack line. On the...
Great traders of tradingview community: This is a weekly chart of oil. I think price still have some works in this box. we look carefully if price pass the edge of this box and create a new lower time frames box on the top of it to keep price up , then we can think about buy. Another option for us as buyers is at the bottom of this box as well. This is not a...