Brent oil, which has been in a downtrend for weeks, will break the trend if it closes this day above $86. If it continues this movement with volume, the target of $ 98 will be valid. As long as it stays above the $84 support, the positive outlook will continue.
Still bearish on crude oil and looking for selling opportunity, now on the H4 chart we see how price broke below the trend line and trading at $81 but there is possibility for the price of crude in the international market to drop to $70 and even $60 in coming months, and right now to be a seller in this market for more conservative traders might want to wait for...
big time down trend continiues effect of war decision of opec /RR=3.7/
A pretty scary chart if #CrudeOil bounces off the RS flip and executes a measured move to new ATH, we could see a period of macro hyper inflation setting in at around 2025 with a scramble to sustainable energy and EVMs.
On a we weekly we have gotten close to our resistance level we can get the following two plays: price going up and closing above 86.149 on a weekly chart or we may get pullback where then we will have to evaluate longs for now i am bullish since levels held perfectly my entries are pullback after retest (roughly as demonstrated on the chart) Let me know your...
based on pressure and power lines, tp and sl is shown. good luck
Cypher harmonic pattern: AB=0.61 XA BC=1.41 AB 1.27BC=$137 2BC=$468 shark harmonic pattern: ab=0.61 xa bc=1.6 ab 1.6bc=$171 2.24bc=$289 It seems oil is accumulating above $35 and under $140 to prepare for final target of the Cypher harmonic pattern at $468.
Jupiter Pendulum was tagged red so we found a short setup at red shade as per Jupiter Pendulum Theory When the divergence formed and we got our signal candle, we had an entry
$350 target for oil is coming. Long term channel is pointing to this target.
UKOIL broke out of the descending channel . The price tested the psychological and resistance level of $85.00, then dropped. The market made a complex pullback on a bearish trend . We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Setup: HOLP Reversal Trade rating: 4 Reward: risk: 4.3:1 Market conditions:Choppy I see a lot of long tails indicating buyers I have a limit order slightly below current price
Current price remains below its 40 week moving average (200 days) which indicates that the longer term trend is lower (100 days or more), however, the scope for a further near term (25 to 50) corrective upside rally from the November high - December low remains on the table, provided the key resistance near $85.05 can be overcome for prospective extension move...
Plan: We will wait for the price to break the trend line resistance(4 h) And make any bearish candle stick pattern. Furthermore, we will wait for a confirmation candle as well. 2% risk can be taken as The setup has high probability
Bearish Indications • Resistance Zone at 85.26 • AB=CD where the D point is at 85.93 which indicates a reversal • Gartley’s XABCD indicates 85.73 Area • Seasonal Analysis Shows DXY remains Bearish at over 80% in December month Bullish Indications • Three White Soldiers • Significant Support Zone at 0.68329 • Resistance Broken at 0.68629 • Support Zone at...
As it shows white trend line is strong support from early days 1860 and I do not think it will break another time (except new COVID disaster) , so we should face a bit move up trend maybe to make double top and then come back to support trend line for another confirmation not to far ( maybe less than 1 year ) and then how knows a huge pump up with strong break on...
UKOIL broke out of the descending channel . The price is getting close to the psychological and resistance level of $85.00. The market is making a complex pullback on a bearish trend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Oil I think we looking to high becouse that rule of national against Russia about cost of their oil so we should look for high oil 87$ happen and have a little resist for make it down then we look after that to 94$ and the biggest support what I seen is 100$