UnknownUnicorn36761102

04:53

UnknownUnicorn36761102

Crude oil had a failed double top (M) completing June 28, failing to pass the neckline; thus creating a double bottom (W) completed July 7. With the 6% or 600 pip gain oil is still ranging in a consolidation zone. The consolidation zone began May 3rd. Price has broken out of the consolidation box with a slight wick. More price data is needed to determine if this...

06:56

UnknownUnicorn36761102

Currently holding a buy from pervious week. Wait until bearish momentum is completed from friday's close and see how market reacts to minor structure trendline. If market respects trend line continue for a buy for about another 100 pips

05:40

UnknownUnicorn36761102

U.S. Oil still stuck in consolidation, making big ranging moves. Monday was a federal holiday, Juneteenth. New York -Traded Texas intermediate, or WTI did not make much movement upon opening. Sunday or Monday, closing with a bearish candle at $90.87. Tuesday dropped 1% or 100 pips to 69.82 area, then regaining by the end of the day closing at 71.63 Wednesday Fed...

UnknownUnicorn36761102

last week oil fell about 300 pips from its opening due to demand fears. stockpile rose by 7.6 million barrels. then rose follow Moscow announcing more than a 500,000 cut next month. I see oil continuing with the bearish momentum selling to the minor structure trendline then buying up to major structure trendline. then waiting for break and retest for continued...

UnknownUnicorn36761102

DRAWDOWN THEN REBOUND ON OIL By Jahnae Braxton | Divine 3nergy Crude Oil fell a little more than 400 pips yesterday. Oil opened the day just around $79 a barrel on 11/21. Falling below $80 a barrel for the first time since a month prior on October 22. Price has reached over $90 a barrel in the month of November on the 7th. The last time it reached above $90 a...

UnknownUnicorn36761102

rocky week for oil as China has made the decision to keeo the COVID zero policy. The lockdown in China is causing demand fears for oil along with recession fears as the Fed did yet another interest rate hike and the Dollar oars. USOil is creating a double Top you can continue to hold long turn. The last leg formed took only 10 days to form. Or do shorter term...

UnknownUnicorn36761102

* Oil Formed a descending Triangle. Giving more bearish confirmation of target of $60 * FED giving signs of another 75-point basis hike. Recession fears are bearish for oil * Demand slows down worries due to China’s zero COVID policy and OPEC+ cutting production * Energy Price Cap oil gapped up from opening on September 4th. Extended 3% by September...

UnknownUnicorn36761102

Technical analysis: on the daily time frame oil has broken the down trend; and pulled back to test that area again. Also creating a double bottom as well. On the 2hr timeframe at around 98.00 oil is sitting at the neckline of a minor structure double bottom; also at the top of the demand zone. Waiting for confirmation to sell down into a pullback down to 96.00...

UnknownUnicorn36761102

Continuous downtrend on oil. Currently around the area of 97.75. Waiting for retrace to trend line before continuing down. Crude has tested this current minor structure demand area three times since july 5th. Formed a double bottom on the Weekly timeframe. Waiting for a break and close below current support around $97.00. With continued recession fears,...

UnknownUnicorn36761102

waiting for another confirmation to place a definite buy or sell on natural gas. Confirmations are leaning more toward the bullish side than the bearish. Consistent uptrend, and currently hasn't broken. A hidden bullish divergence on the 30 minute time frame, currently no signs of major price reversals on the 4hr and daily. News of a potential Russian oil ban has...

UnknownUnicorn36761102

shooting for 1,000 pips going to the pervious support around 1969 while the market is a pause currently. We were at a steady uptrend, almost to the price 2,000. Gold hit 1998, rejecting off that pervious resistance and broke the current trend-line. broke trend-line and closed trend-line as a confirmation of a sell, also a bearish hidden divergence on the 30n...

UnknownUnicorn36761102

I realized the chart I used earlier was not correctly updated, its still showing 04/13/22 date and hasn't updated for 04/14 or 04/17. waiting for the market it to correct itself, wick off the trendline. For a confirmation for a sell I would wait for a break and retest of structure, with the fundamental aspect of news I see oil retesting pervious highs of possible...

UnknownUnicorn36761102

Currently the market had a brief pause before the long Easter Weekend. Looking to break the pervious resistance and go to $108.00. Currently no signs of price rejections at current resistance line. Has not broken trend-line. If this trade were to go into a sell I would wait for a break and retest of current trend-line. To the pervious support of $98.75 area...