#CDEV #WTI OIL IS BACK ON THE TABLE, political pressure and Russia self-suicide leadership may revive the american oil industry. The world needs oil and it needs it now! Let's see if this fallen companies can do monster profits this year
A terribly evil scenario is under the hood in oil. 5 wave structure of (c) of B is almost complete. It might still reach 135 in a month or so, but EWT-wise it's pointing down over the next couple of years. A measure of wave A in log scale points to a C-wave target of 20-25 sometimes next year. I see similar setups in almost all commodities. Guess China/Taiwan...
Crude just broke the purple box (resistance) & no reason it doesn't go straight back to $140 over the coming weeks. I'm long. All missions go.
Guys just believe this trend! the fundamental is going to be powerful for this weekend! go buy! Love you all. Like share and comment please!
Oil has topped out at $116, before retracing to $106. This is 1000 tick spread which is formidable, even for oil. But that is to be expected with this rally of historic proportions. We appear to be forming a possible dragon head pattern, and are currently exhibiting volatility between $106, and $110. The Kovach OBV has been meteoric lately, but has since...
I recommend buy USOIL at this levels ....with all this confirmation in price acion+ indicators
The past couple of recessions have been preceded by a 24 month 200% run up in Crude Oil. I am Not using the covid crash low but the recovery low from Nov 2020 for showing Crudes 200% (+) gain so far. I fear the Soaring energy could continue for a bit yet and couple that with other commodity prices soaring it will be a hard road for our economy going forward. ...
Crude OIL - /CL - has been showing strength since the beginning of the year. Price will have to go over 100% to hit the all-time high. So far the price has accelerated as world conflicts have increased.
Falling wedge with a support and volume area which hold. A +5% gain possible.
CHFJPY trading in uptrend line price above : - key level around 125.60 - HVN around 125.10 - SMA 100 MACD shows decreasing of bearish momentum RSI above 50 so its expected bullish movement to resistance level around 127.00
With the current geopolitical situation, oil has taken off. During the day, I have outlined the potential levels to watch out for. I will go in to buy if it breaks the 110.35 level with a TP of 112.10. You have the other levels to make decisions too.
We expected for ARAMCO to reach 45$ level within a year, so it took 9 months. The share rose by 27% in 9 months with 0 reversal from entry point. That was the most accurate technical analysis we've ever made.
First of all we see that the uptrend is not broken so far. They washed the longs out (red box), made a new high and then dropped with a "Scary Drop" to flush the new longs out again. Nice how they came down to the center line. Now, back above the CL, it seems that the Battery is loading again. However, the could make a new low of course. But in this current...
Crude oil strong bullish momentum along with bullish pennant maintained 1300 PIPS.
Oil reversed sharply from $116 to $108 when it was reported that Iran nuclear deal could bring Iran's Oil production back into the world supply if they give up Nuclear weapons. We had initially talked about selling $120 but it began early and now is not simple to sell these levels which are much less oversold and is a different sort of trade to a quick smash and...
Prices are on bullish momentum. We see the potential for further bullish continuation from our buy entry at 106.83 in line with 78.6% Fibonacci extension towards our Take Profit at 113.1 in line with 78.6% Fibonacci retracement. Prices are trading above our ichimoku cloud support, further supporting our bullish bias. Any opinions, news, research, analyses,...
1\USOIL approaches the key resistance area 111.00, 2\The short-term technical indicator is extremely overbought 3\Target price around 96.00
Crude Oil Futures could be setting up for a HS pattern that would retrace to the following areas, yet we could also run up to $128 with crazy fundamental news. Appreciate the risk, this is a dangerous play here. DYOR, NFA