here is a brief technical outlook of 4 peculiar instruments that I am currently paying close attention to.
1️⃣ WTI Crude Oil - Weekly time frame 🛢️
The market is currently approaching last year's high.
Even though many traders are looking for shorting opportunities from there,
it looks like the price is...
Hey traders today I wanted to go over the best Seasonal Patterns in the Crude Oil Futures Market. Crude Oil and other energy markets follow an annual reliable seasonal pattern due to supply and demand. Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading.
OIL has been persistently bullish since 20/12/21 and has we can see on this 4hr chart there has been no pullbacks during it's rally, throughout my breakdowns a constant word has appeared (liquidity), the longer oil goes on without any pullbacks the violent the drop will be grabbing as much liquation as possible to drive it up further. Think of it...
Current events have sent prices to a fresh high. I believe I am right in basic fundamentals but the attacks from the Houthis to UAE have been one of the main reasons for today's rally. Surprisingly it always happen at the same time, so big fellas are pushing prices higher and higher and we will need to wait till they decide to take profit.
Oil is likely in a broadening pennant topping pattern. But it does NOT look complete. I believe it will hit $93.23 there abouts
before turning down strongly and for the foreseeable future. The plan is simple wait for price to hit upper blue line. Sell!
Following up on my previous long on Oil we have found some resistance around this area.
I have given a trade opportunity of 1:10 aiming for the 50% fibonacci level and touch of the trendline.
This should be taken with caution as Oil is coming through on a strong trend.
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There is a large debate around the current US OIL market. Many think it will go up and up forever. Unfortunately, that is just not how markets operate..
Markets move up and down based on sentiment (market news and buyer/seller strength). This...
Hy dear Members. We are here to update about USOIL. USOIL exactly Moving according our analysis. This is getting a strong Bounce from this price level 68. Now we can see Price around 90 to 100 Very Soon.
Keep in touch we will update further soon
WTI crude oil prices hit the highest level seen since 2014, putting further pressure on policymakers to rein in inflation. Technically, prices are trending higher within an "Ascending Channel", extending its upward trajectory.
USOIL SHORT opportunity
Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key as always. It is about understanding FLOW (flow of markets)
Last week was a very interesting week when it comes to oil. Friday 14th weirdly stalled for ages before finally breaking into the next box above. It did this with a 1 hour candle 4pm. (UTC) This candle was then rejected back out of it only for the 5pm (UTC) candle to explode through. The first signs of Blue candles in the hourly timeframe were the 13th 13:00 (UTC)...
despite buy pressure on WTI, it is ready to start at least correction to the downside, RSI in all timeframe say that, and price fluctuating in an ascending channel which breaking of this channel will be the start of the new trend... HENCE, LOOKING FOR BREAK OUT
Pandemic had started, firstly airlines and tourism stocks fell down and so crude oil..
Suddenly all the world agreed on one thing without conflict, Green Energy. What a peaceful world, isn't it?
Wells had been closed desperately and green energy producers did a rocket departure frantically. Greens' had been funded by the banks which they believed it was the new...