UKOIL is retesting the ascending support line
From the ascending long-term channel once again and the horizontal support at 122.15
I expect the rebound to continue and rise to the supply levels above
Commodities quite often stick to the 4 Hour Trend, consistantly. We always ensure to stick to matching Price with Volume... the trend continues!
Where will Oil go next? 200? 300?
the target of the OIL is about 185 and correction will start and the announcement will come for the war end (maybe and hopping )
the target of wedge pattern to 185
Yesterday I posted my Buy Order at 123 and price action just hit my Take Profit at 128 as Biden just announced he will probably sanction Russian oil later today. This of course spiked prices up huge in less than 10 minutes.
How high will Oil go? Not sure. But I'm out of this market for now. I will keep you updated if there looks like another trade...
Seriously if you have an average car and earn an average living, how are you suppose to pay for all that gas? Your food, rent and car are going to be more then 50% of your salary as an expense. There is no middle class anywhere anymore there is just poor people and the top 1%. Notice how these crisis are always man made. 2 years ago oil went negative and now its...
Its a scary thought to think what this surge in the oil price is going to do to the cost of living all because some humans still need to go to war to resolve issues in 2022 ...
Oil is showing no signs of slowing and while Brent remains above $123 zone , $158 is targeted .
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as...
according to war between russia and ukraine and effect on all over the world and also tension between another place like china and taiwan and ... its can positive effect on commodity like gold and oil .
so if war continuous , oil can toch ATH then it can move to 200$ and touch a higher price like 300$ .
On the 4 hour chart, I put a Buy Order in about 30 minutes ago at 123 for Crude Oil. This is in the anticipation that Oil will continue to go up as the war continues.
Can you believe there are economists now calling this WW3????? YIKES!
Anyway, volatile markets so hoping we can all make some money off of this craziness.
I'm looking at a minimum TP of 126 -...
Hello traders, according to my graphical analysis of UKOIL, i prospect an upward trend.
thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis .
Brent Crude Oil is below the resistance level. We have to wait for a reaction to this level of resistance. If the support level of 125$ is broken, the next target will be $ 143
Monday morning brought us some incredible gains in the energy sector, especially in oil prices. The possible ban of Russian oil created huge fear over the supply deficit. Not financial advice, just my opinion.
