Political tensions in the Middle East are causing oil prices to rise, aren't they?
Congratulations, that's what most traders think, who have opened long positions.
However, the market is trying to pick up traders' SLs first.
A long entry in WTI would be premature.
Therefore, we wait for a liquidity grab on the downside first.
Then we open the said long position...
The ascending channel of this oil has been broken and the bottom of this corrective channel has also been hit, and now there is an opportunity to sell again, which can fall to the range of 78-77. The appropriate entry point is after the current temporary correction is completed. The target of this trade is the 78 range. We can consider the loss limit to the...
Could this be the trend continuation for OIL?
The market has reached the FIB area, and the market created a gap which tells me that the market will react from the FIB area backed up by market structure.
Let's see how this will play out
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Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
I believe price will come back to To fill imbalance before it continues to the downside to fill that massive inefficiency in price before A clear definite bias can be determined.
Crude oil yesterday's typical interval arrangement, the highest 86.7, the lowest 85, the daily line closed small Yin at 85.9, the four-hour chart of the large interval, the top 87 will be an important resistance point in this interval, the lower focus on the 84 break, the breakthrough will fill the gap; From the point of view of the 1-hour line, the lower focus...
U.S. crude oil technical aspects:
Daily chart: The Bollinger Third Track is closing, the MA5 moving average and the MA10 moving average are running crosswise, the K line trades between the MA5/MA10 moving averages below the Bollinger Middle Track, the MACD fast and slow line is crossing above the 0 axis, and the green kinetic energy is decreasing quantity. The...
Dear Colleagues, The price continued downward further than I thought it would. I believe that wave C may reach the support area of 81.94, then I expect the price to rise. The nearest target is the resistance area at 87.89.
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Technical Analysis:
The Elliott wave theory suggests a bullish trend in oil prices, propelled further by geopolitical tensions and economic revitalization in major markets like China. The first Take Profit (TP) point is projected at $90.75 at the end of wave 3, followed by a second TP at $96.58, aligning with the broader market expectations of rising oil...
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I wanted to provide you with the latest update regarding the oil market and its recent volatility that demands immediate attention. After careful analysis, our experts have projected a significant revision in the oil price target, with the new estimated threshold being $87.16 per barrel.
Given the sudden change in the market, I strongly urge you to exercise...
The Palestinian-Israeli conflict has killed more than 1,600 people! Crude oil rose more than 4% and may continue to rise in the future.
After the Palestinian-Israeli conflict, it was in a range, with the lowest of 84.6 and the highest of 87.2 that day. The daily line closed at 86.3. From the daily line, oil prices will continue to rise. The top continues to pay...
The crude oil on Monday swung back to 84.8 after moving higher, yesterday's high open gap after the repair of the inter-zone is not large, due to the international environment, the potential of the ground edge, the recent period can be maintained much lower, Stay in the day 85.4 attached near many, the upper side 87 attached near can be empty.
If you are confused...
The latest exclusive report from the US "Wall Street Journal" claims that Saudi Arabia has told the White House that they are willing to increase oil production early next year if crude oil prices remain high.
A new round of military conflict broke out between Israel and Palestine last weekend, causing international oil prices to soar more than 4% after...
