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,...
Crude oil came down this week with risk-off flows as USD keeps moving higher ahead of details from Jackson Hole economic event. However, the drop is in three waves for the crude with the current price now approaching the upper side of the corrective channel, where successful breakout with a daily close above $80.50 or higher, can lead to a bullish trend once...
Contrary to the hopes of many bulls, the price of WTI has recently moved downward.
In the environment of weak stock markets, it can be assumed that the downward trend will continue in the short term.
The short trade presented here offers an acceptable RRR of around 1.5:1.
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...
