BLACKBULL:BRENT OUTLOOK and levels 🛢️ 1. Long setup on golden fib + 50dma + wedge. 2. Short if broken below. * Only TA. Disregards any agreements of fundamentals such as potential pending Saudi agreements, cuts, or alternatives.
Using price action and candle formations - you are able to disssect trades in these areas of price.
Hi guys As u can see a Daily chart we have a nice bearish divergence between the price and the oscillator. The volume is dropping down and the oscillator crossed the zero line so those are a bear signals for me. Pls note that this is not a financial advice Take care guys
Price broke through the descending channel and after a double top at resistance, the price bounced off the global trendline and resistance zone. If the price makes a fake break at resistance, then I expect the price to fall to the support level because trend is overall is bearish. My goal is 90.05 Traders, if you liked this idea or if you have your own opinion...
On H4, with the price moving above the ichimoku cloud, combined with the reduction of supply, we have a bullish bias that the price may rise from the buy entry at 96.393, which is in line with the 23.6% fibonacci retracement to the take profit at 102.807, which is in line with the previous swing high. Alternatively, the price may drop to the stop loss at 93.374,...
Described everything on the screen but on 4hour chart !
I want to repeat again and again that I don’t incline to think like me, I just assume the price move, this is purely my vision which may differ completely from yours, so I’m just sharing my opinion, that’s all, and the price and the market will decide which way to move! And so my opinion is that while we have not broken the trend line and the high-low structure,...
On H4, with the price moving above the ichimoku cloud, combined with the reduction of supply, we have a bullish bias that the price may rise from the buy entry at 96.393, which is in line with the 23.6% fibonacci retracement to the take profit at 102.807, which is in line with the previous swing high. Alternatively, the price may drop to the stop loss at 93.374,...
In the daily chart of WTI, we can detect a hidden divergence in MACD and price. Friday’s movement was strong but it was not significant to the strong yearly pivot resistance and stayed below 200 MA. It can be only a fake breakout. Yet, we shall observe every new detail closely. If it fails at the resistance, be prepared to go short. Unless the fundamentals of the...
Hi everyone ! UK Oil is setting up for a next leg to the upside which will push and break the previous high from 2008. Thank you for your support.
As we know Brent Crude Oil - UKOIL has finished its 5 wave move and start a long correction as you can see in right side chart (Monthly wave chart), Now recently it has finished FLAT pattern and started for a x-wave.
Hi Traders, i know its a start of the week but here you can find the Cruid oil is on major resistance level and .38% of Fib level who could be very nice opportunity to short ukoi,usoil,cruid oil
Oil price is increasing in anticipation of the OPEC+ meeting. The organization is expected to cut the supply by 2 million barrels a day, this is double the amount the original. In addition to that, the dire situation between Russia-Ukraine will make the market more volatile. Moreover, Chinese demand is rebounding as refineries rush to use quotas. According to...
Oil is generally a very speculative topic. I've burned my hands on it a few times and I shouldn't be surprised if i should do it again. Typically, oil can be very heavily influenced by news, like today. Oil prices were heavily influenced by OPEC statements today, although the dollar regained strength on economic news. But that left the price of oil cold. Apart...
Brent: After breaking through the reversal wedge, it achieved its full trend now and rose 500 points, and now in the case of breaching the resistance b by closing, it is expected that the rise will continue to the harmonic retracement areas identified on the chart.
UKOIL on the4h chart tested the support area and could not break below. The market is now trading below the resistance level at 89.50 and a break above can be seen. How can is approach this scenario? I will wait for a clear break of the area and if the market will provide me an opportunity i will set a nice long order according to the Plancton's...