Crude oil was under pressure at the start of the week as bleak economic data from top crude buyer China renewed concerns of a global recession and the market monitored talks on a reviving deal that would allow more Iranian oil exports.
The early weakness was compounded after disappointing Chinese economic data renewed concerns of a global recession that would be...
Will the oil price nowdays is the peak?
Oil price seem retreated from the high. Despite of the high inflation rate across continent, however relentless development on altenative energy, electric cars demand increasingly will reduce the oil demand as well.
Just my 2cent
following the squiggly for now as guessed
keen on seeing if this reaches 81 and the reaction from there.
for now red line next imo
flip white line . flip long and chill
TVC:USOIL
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴
⚠️ Important Notes:
1. Follow your risk management rules.
2. Timeframes: up to 1D
Ignoring that crazy day when crude went negative, WTI is at major decision point
Expecting a bounce here. trying calls might be the way to go given we are trading against immediate trend
Wednesday, 17 August 2022
00:56 AM (WIB)
As I said in my previous, The Evening Star Doji at the top of Resistance can not be underestimated in the Weekly time frame. Now the price breaks down the lowest support uptrend channel lines.
The chart shows for Crude Oil is still possible to drop down into the MA200 Weekly. And the Stochastic lines show the difference...
An almost 2 years upward trend has broken and retested. The market is following similar parallels to the 2008-2009 Market Crash.
Should we be worried? Is the global economy about to collapse?
An update from the last video explaining what the current chart prices of USOIL are saying and showing us. PRICE IS APPROACH KEY MONTHLY AND WEEKLY SUPPORT RANGE.. PREPARE FOR YOURSELF WITH TWO OUTCOMES of the scenario as explained in the video below.
15m time
Waiting for bulls to push forward far over the moving average, and then an easy opportunity for a short position to sweep below. Let me know your ideas as I am clearly not very good...
*THIS IS NOT FINANICAL ADVICE JUST PRACTICE, I AM NOOB*
Oil Price still in bullish trend even after retracing from HH2 price of Top of approximately 130 to current 90.
Sign of bullish trend
-Line C having stronger uptrend momentum/strength than line B
-Line C surpass above Fib Extension of 1.272 Line B
-Candlestick above MA200
-Staying above MA(Price approx 63) will still can consider as bullish trend
Some sign...
