Everything explained on the chart... Please use risk management. Disclaimer The contents on this site are for informational purposes only and do not constitute Financial accounting or legal advice I can't promise that the information shaded on my posts is appropriate for you or anyone else, by using the site, you agreed to hold me harmless from Any ramifications...
The market is test the Support 76.00 and it created H1 double top and divergence MACD and RSI . I expect a now further upside move. Right now support 88 and 87.20. Buy level 88 & 87.20 Target 98 and 101.
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 200 MA resistance, be prepared to go short. Unless the fundamentals...
Biden wants to ban export of gasoline, diesel and other refined petroleum products to lower fuel prices. It will backfire, I‘m afraid. I raise my WTI forecast to $120 by year’s end ------ This is just my idea and please open any position after confirmation
USOIL WTI H4 Bearish Butterfly Pattern Formation, Market will be falling this zone, let's see market condition
Here we go ! After plan to cut the supply of oil, USOIL potential to be grew above 100+. Good luck !
Hey traders, One more breakout on WTI. This time, the price broke and closed above a major falling trend line. Taking into considerations, that fundamentals are strongly supporting Oil now, I believe that it will most likely keep growing. Next resistance - 96.9 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with...
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oil is the single most valuable commodity on the planet. I cant think of another resource that has the power to send developed civilization back to the stone ages. monthly chart is looking pretty strong yet.
My bias,the market was overall bearish before the change in trends as a result of the double bottom chart pattern at around the .0 Fib level. The latest cut of crude supply to the global market by opec will bring a rise in oil price up to 1500 Pips,ie price from current to $97 and a brief pull back before rising to $10. The would likely play out as sanctions on...
As biden starts bragging about gas prices coming down, when it's really just setting up for ridiculous new highs... gl
This is the seconded biggest update for oil this month ! You need a big pocket to go with the flow on this one, money management will be your biggest enemy and greed your second. We have 85$ is the mid road for oil and 120$ the highest it can get ! Target Is 68$ for our next idea and politics is our enemy ! i recommend to open a position after an update or...
still holding this trade weeked.. wti going trend will turn. look for the numbers.. number will tell you everything,, auction, values, really matter..
Hello Traders This week oil price jumped almost +12.5$ from the opening price on Monday and ended in a big green weekly candle. 2 major factors affected Oil prices: 1- OPEC has reduced its production limit. 2- Cold seasons started in Europe and demand for energies such as oil has soared. Technically: 1- Price has broken a falling wedge pattern. 2- Price has...
Look for a retractable fall from I outstanding high from USOIL. Oversold on daily and looking for a collapse down to 80
So it is Very fair to say that the last 2 weekly candles have been very naughty indeed. For any EMA traders that took heed of the very important contacts with the 800 in the daily and the 100 on the weekly-provided they didn't fiddle too much-should have added substantial gains to trading account. Most of our traders in this team did at least 150% with the top...
WTI Crude Oil chart delines a possible channel structure where the WTI Crude Oil price/volume line has been retracing downward to 0.50 Fib retracement level. The stochastic differential equation that defines the price discovery of Crude Oil then has seen Commodities traders and energy firms bidding up for Crude Oil, considering the exogenous factor of reduced and...
I don't care what people say I don't compare myself to people I compare myself to myself I compare myself now with myself last year only this and