For Wednesday, the 77.88 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside...
The price of oil trades to a fresh monthly high ($79.87) as it stages a four-day rally, with the Relative Strength Index (RSI) on the cusp of indicating an overbought reading for the first time in 2023. Crude Oil Outlook The price of oil climbs above $78.70 (50% Fibonacci retracement) as it extends the series of higher highs and lows from last week, with a...
he is a setup shown by the indicator.. watch the video and learn how to trade... this is for learning purpose only.. indicator developed by self.. thanks for watching.. if u like the video and trade setup/// do like it
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... ;)
For Tuesday, the 77.79 level can contain selling into later week, above which 80.65 and 81.73 long-term resistance remains in 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside Tuesday, closing...
a long setup in 3 min timeframe.. kindly mute while watching to avoid sounds.. time frame used is 3 min;; indicator used is - own long setup based in price action and signal.. thanks for watching..
there was a signal for downmove.. but we ignored... the reason is explained here... kindly mute..the audio.. to ignore background distractions.. thanks
an opportunity in crudeoil.. historical.. entry based on indicator..
Crude oil currently good to long as the charts for the low timeframe show a short bullish trend. My view this is a medium-risk trade and the risk reward quite okay.
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 in a critical point. Above 78 is extremely bullish. Below will find support on top of the LVA of last year.
Commercials were in sales, while local upward movement in crude oil, based on the SFTC COT reports. Rate of change the same in short mode. Crude Oil will start falling soon more.
US markets had a quiet session Friday to follow on from an uneventful European session. Traders are focused on the US earning session so I expect to see support in the near term. I feel that the markets are generally extended and traders will be in a holding pattern ahead of results from big tech next week. Defensive stocks were favoured on Friday which, for me,...
A two-sided framework continues through summer between 62.14 long-term support, and 81.73 long-term resistance, both regions able to contain seasonal activity. Inside this wide range, 77.71 can contain weekly buying pressures, 73.27 weekly selling pressures, with a settlement below 73.27 indicating 68.25 within several weeks, where the market can bottom out on a...
Looks like we might get a short trade here. CL rejected in the sell zone this morning and can form a double top pattern here. I would still wait for the current 4hr candle to close below $75.83 to go short Entry - 75.83 (I would wait for the current candle to close below this level in 4 hr timeframe) Stoploss - 76.4 ( I would like to see a close above this level...
7.21.23 I probably bit off a little more than I could chew but we talked about Tesla the US dollar gold and oil. I wasn't really very clear about how I saw the markets as contracted with gold and with oil... so I will do better on A future video. However, it's not difficult to get tied up in a market when it's been trading well and then after A short. Of time...
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... ;)
Bullish fundamentals for oil (OPEC+ cuts + Arabs additional cuts + RU start cutting in reality). Additional SPR of US is the lowest level for years. On the demand side weaker China data but China still buy the oil, summer demand, US economy in better than expected shape. Now earning season that will re-affirm that US is still strong. Day time frame is bullish...