Looking at the H4 chart, my overall bias for WTI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 79.070, where the 38.2% Fibonacci line is. Stop loss will be at 82.525, where the recent high is. Take profit will be at 72.607, where the recent lowis Any opinions, news,...
Hi there, 30M shows Double Top and 15M is pushing the ceiling. SELL and stay on SELL this week. All the best.
another head and shoulder pattern is seen on four hour time frame which is against its similar head and shoulder pattern in daily time frame as depicted in my below analysis if this pattern confirmed downward move toward 76$ is probable . please see my previous analysis The West Texas Intermediate Crude Oil market initially rallied during the day on Friday but...
USOIL is expected to be sideways within the ascending triangle area. The price has a possibility to reach the resistance area of the 8th touch. Breakout or rebound scenarios can occur at the touch point of the trendline, but if the price turns out to be a breakout from the support/resistance area. a big trend will likely occur. The existence of horizontal support...
I do not like those sharp bounces but they are part of the game. When markets move like this it is very easy to slip into seeing what you want to see in those erratic movements. I train myself to restrain from labelling minute waves until there is some critical mass of information and patterns. I was asked to update the chart. I see the unfolding move as aseries...
Daily crude oil chart wave count, the third blue wave is long at present
LuxALGO oscilator is a very good tool to make money. You just look at ALL TIME FRAMES . 1H was pushing the floor, 30m was pushing the floor. 4h was close to the floor. Technical Indicators are THE SALT OF TRADING! Like the SALT of Kite Surfing is JUMPING! We go down but NOT TODAY :)
Hi everyone ! US Oil is poised for a bullish run, offering a favourable buying opportunity for investors. Technical analysis suggests the market is set for another upward wave, making this an ideal time to consider purchasing US Oil. Keep a close eye on market trends and seize the moment when the time is right Thank you for your support !
For some time now, we have been skeptical about the overly bullish narrative in the oil market. Additionally, we have disagreed with calls for a return to triple-digit prices while noting multiple times that oil was likely to be choppy throughout 2023, oscillating within a wide range. In fact, we later presented a similar view from the U.S. Energy Information...
During the past two years, oil, along with many other raw material commodities which are used to produce energy products, has been very volatile. Perhaps given the nature of its supply, which is largely in the hands of the OPEC+ countries whose national economies depend on the export of oil around the world, the 'oil cartel' has a lot of bargaining power over its...
Looking at the H4 chart, my overall bias for WTI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 79.070, where the 23.6% Fibonacci line is. Stop loss will be at 82.525, where the recent high is. Take profit will be at 72.607, where the recent lowis Any opinions, news,...
The Cypher pattern has a high probability of success and offers a solid risk to reward ratio. Next week Opec will be meeting online, so good likelihood that oil will pick up after D leg bottoms out on the trend support line.
Hi there, So WTI is now falling down possibly to 72.00. But this green CHOCH on 1D interests me the most. If I was gonna be a tooth fairy and make some predictions here from 72.00 it will go up to 90.00 just like the WHOLE TRADING VIEW COMUNITY says. The problem here was - they said it TOO EARLY. So hopefully end of February we will see 85.00 and 90.00 :) . All...
US OIL is remaining bearish . Target have been mentioned.
On Friday, the price bounced off resistance on D1. I closed my trades before touching this level. This does not change my main analysis; I simply see an opportunity now to go short to the next support and then hope to catch a long from a lower point. If the trendline BREAkOUT is reached before then, I will start long trades again. Write by Jarosław...
As you can see Crude is currently positioned on a 4/5 year support level which was first tested in May 2018. As well as that it has reached the breakout point of the descending triangle and has perfectly placed itself on the 0.786 fib retracement level. All of these indicate a bullish reversal in my opinion, however I wouldn't be surprised to see a bounce before...
USOIL Analyze like we said from the pervious idea generally the direction is downtrend and price reached our third target Right now price reached at the sensitive zone 76.43 - 76.93 and price will moving between them until stabilized so if price can stable under 76.43 by 4H candle the price will continue at the bearish zone to reach 75.97 and 75.14 for any...