100 weekly MA seems to be USOIL's big target. This thing wants me to have a larger description but it's pretty self explanatory. Everything seems to hit ~100weekly MA at about end of SEPT.
USOIL appears to have completed an ABC running flat continuation pattern.
I did initially think a bounce may be on as it drifted sideways but the first star followerd by downside acceleration showed that the dominant trend has probably re-established and its to the downside.
Second star shows upward pressure is too weak to hold as it did before.
Hugging the...
WTI looks amazing, right, in the end its all worth it your sleepless night all your sacrifices, you know you want go future , you work hard, in the end you will be one of the best rare breed.
WTI long postion exit.. as trader you as see same pattern again again,, its like flow,, you know where is going,, you able to predict price where it hadding for it come with lots of information after filter it become knowlage.
Hello everyone. Fear of recession has been the major concerns of investors. By looking at the bumpy Us 10y yield chart, it has dropped from 3.48% to the current 2.67% . Obviously, the focus has shifted from supply chain issues and inflation.
TVC:US10Y
Now, bullish oil buyers are worried about the future economy with the recession looms. The negative oil...
The United States posted an increase in inventories of 5.5 million barrels in the past week. The realization was higher than the expected 73,000 barrels. Gasoline products supplied also rose in the last week to 9.1 million barrels per day. The figure marks a 6% decline in demand over the last four weeks compared to the period last year.
From a fundamental point...
Oil market have been moving gradually in a corrective manner towards a sell. a Fibonacci extension indicating a further push confirming a short sell till indicated price target. Traders can comment and tell what you think.
110? This fall I am also reading articles saying we are running out of our oil reserves which will decrease supply for higher demand coming. Russia is a wild card.
Hello Traders!
We can see Oil has been a strong uptrend for a few months.
Now we have witness oil trend bearish for a couple months.
We do have that last down closed candle where price expanded away.
This could be a point point where price will seek internal liquidity to expand to external liquidity.
Returning back to a point where buying was sponsored can...
Thursday, 11 August 2022
06:31 AM (WIB)
It has been 4 times chart price hit the lowest lines and until now still can not to break down. Even the price created A bullish tower that hit the 50 days of moving averages. So the result is: Sellers try to use this momentum in short term periodically, and Buyers use this momentum also in short term. And the price is...
