Oil me panga is not changa ye idea hai mera This is elliotwave wave wrong or fine?
hello /£ USOIL forcefully broke the resistance at 75.75 UNITS creating imbalance at this level µµµµµµµµ I therefore expect a pull back before joining the next resistance at 67.8 UNITS++
Dear colleagues, I have redrawn the waves as a consequence of the change in the trend direction. I believe that the price will still resume the upward movement, but for now I expect the completion of wave B in the area of 72.32. Before this movement, a test of the resistance area of 75.95 is possible. Manage your capital correctly and competently! Only enter...
Keep asking me about oil. Last week I emphasized that oil did not fall below 74 and will continue to rise this week It can be seen that yesterday the lowest oil price reached around 75.8 and the highest reached around 78.2, but it did not break through 78 many times, so it can be judged that the current range is between 75.8-78.2 In an upward trend, you mainly...
Oil prices have spent this week pulling back from the two-month highs hit on Sunday night. Yesterday saw a big move lower which took both front-month WTI and Brent back below significant technical levels of $75 and $80 respectively. These levels acted as resistance for the first three weeks of this year, forming the upper band of a range with support at $70 for...
Hello Traders ! On Sunday 28 Jan, The USOIL Reached a Strong Resistance Level (78.64 - 79.72). The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 ------------- TARGET: 72.70🎯
1. Market is bearish according to 1 DTF price action . 2 . More towards bearishness . 3. Bearish lressure is greater . 4. Price action zones are decleared in the above pic . 5. Calculation based SnR levels are decleared too .
Oil prices are up slightly today, but still heading for a bad week. This is because: China's economy might not do well: People are worried that China's building problems will hurt its growth, which means they might buy less oil. (China is the biggest oil buyer!) OPEC hasn't decided how much oil to sell yet: They'll make a choice in March, but until then,...
Bearish indications: Trend line support broken. Support broken at 76.06 Bearish engulfer candle from the resistance. Fib level 0.5 respected from the fall from 89.70 Made a new low and currently at lower low and possible retracement to lower high. Trade plan bias short limit order@ 76.34 SL:77.52 TP1:75.11 TP2:74.01
In my opinion, oil will be bullish for now, but after hitting the flag area, it will go down and will reach at least the star area, and lower points are also very likely. All the numbers on the chart : the Entry , Take profit areas and Stop loss are specified.
Oil prices experience volatility amid conflicting reports on Middle Eastern ceasefire negotiations, initially driving prices higher with hints of a potential ceasefire. Subsequent reports indicating ongoing negotiations dampen the initial optimism, leading to fluctuations in oil prices. Despite this uncertainty, supply constraints from OPEC's affirmed...
Bullish ? or not bullish what else, We'll see about that today ♥
The United States’ decision to conduct airstrikes earlier this week against targets in Somalia and Yemen provoked more aggression from Houthi rebels, who engaged in multiple new attacks against commercial vessels in the Red Sea and the Gulf of Aden. Following that, Yemen’s rebels claimed a successful hit to the U.S. military ship, which the United States quickly...
Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 72.58. ✅LIKE AND COMMENT MY IDEAS✅
Usoil Buy limit 72.87- 72.60 SL - 72.30 Tp 1 : 30 pips TP 2 : 60 pips Tp 3 : Open Usoil Sell limit 76.55- 76.78 SL - 73.10 Tp 1 : 30 pips TP 2 : 60 pips Tp 3 : Open
Oil Short on Spot Looking at oil continuing its decline along side of USDX in the mid to long term. This trade is set up to be very long term. Not for leveraged traders. Oil will continue its correction from the September highs. This cycle will complete in the $50's or $40's. This decline directly coincides with my analysis of USDX reaching 90-92 by years end...