uk oil Hello guys i want to share my analysis of CRUDE OIL on 4H timeframe Thank you
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Turtle Trader
Brent
📈BRENT 08/26/2022: medium-term growth❗️📈 Priority direction: Up .
📝 Description: Oil is in the resistance area near the $100 level, trying to break up. The medium-term view is directed upwards, however, there is a possibility that the instrument will not break through the indicated resistance immediately and before that it will roll back to $98.55. The target for growth is the level of $104 and $106 can be considered a little higher.
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📉GOLD 08/25/2022: stop❗️📉 Priority direction: Down .
📝 Description: Already today, the metal is trading at $1764, thus being at the local resistance. Probably here the promotion of buyers will slow down a little or stop altogether. Most expected is a stop at current levels and consolidation.
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USOILUSOIL long idea based on current PA. We could see Yen continuation to the downside if Oil makes a rally higher here, due to the amount of Oil importing into Japan, it backs up my thinking of JPY falling and CADJPY rising if we see an impulsive move upwards here.
Inverse W on Oil i see inverse W pattern on oil,WTI on big TF for next weeks i mean. and we are on bullish momentum now.
Brent Crude Could Retest the Top of $138A large sideways consolidation could be over with an Ending Diagonal in the wave C.
The minimum target is to retest the previous top of $138.
RSI is breaking above the 50 "waterline" into a bullish area.
#UKOIL (Brent Oil) : 08.23.22 This is the possible trend of #UkOil (Brent) and there's 3 scenario that i indicated them on the chart , everything is clear , but just in case if you had any questions please feel free to ask !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.23.2022
⚠️(DYOR)
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📈BRENT 08/23/2022: buyers in action❗️📈 Priority direction: Up .
📝 Description: There is interest in oil around the $95 level (on average) and most likely further events will develop above this level. The approach of the level to $98.55 is expected. Globally (medium and long term) as long as oil is above $91.70, buy-priority to $100 and above remains.
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USOILUSOIL looks likely to continue the downtrend on the 4H timeframe after making this huge wick and it looks like sellers are starting to gain momentum.
USDCAD - BUYPrice is under bullish pressure. A close above 1.2860 today will increase the chances of hitting 1.2988 soon.
OXYBuffett's ongoing purchase of large volumes of OXY, as well as buyouts by the Bill & Melinda Gates Foundation should lead to the growth of the paper, which is still quite attractive in terms of financial performance.
📈BRENT 08/19/2022: positive attitude❗️📈 Priority direction: Up .
📝 Description: The price of oil still broke through the resistance line, which was indicated yesterday, and yesterday's alternative buy scenario automatically worked. Today and in the near future, growth is expected to continue towards $98.55. There is resistance at the levels of $96-$97, and as a result of passing the indicated value, the instrument is more likely to acquire an upward character again.
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📉BRENT 08/18/2022: push to $91.70❗️📉 Priority direction: Down .
📝 Description: Oil sellers are trying to push the price to $91.70 in order to push it even lower. Most likely, the approach to this level will take place and even the price will fall under it, however, the general mood is still in favor of buyers (longer-term view). An alternative scenario involves buying approximately from the current ones with a target of $95.
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Brent: Territory 🐻The bears have their territory under control and plan to extend it further, more precisely, till the blue lake between $76.67 and $70.61, where they should fish for the end of wave 3 in blue. However, there is a 38% chance that the bulls could make an appearance and challenge our furry friends. This challenge, though, should only be successful if they can make it above the resistance at $107.64. And even if they can assert themselves, their influence should merely last through the turquoise zone between $109.81 and $118.58. Then, the bears should regain power.
📈EURUSD 08/17/2022: slight increase❗️📈 Priority direction: Up .
📝 Description: At the moment, the currency pair is in the support area, that is likely to contribute to a slight recovery. Targets for growth today are 1.02000 and 1.02300. When the level of 1.01215 is broken down, buying ideas are cancelled.
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Crude Oil (WTI): Technical Outlook For Next Week 🛢️
Hey traders,
WTI OIL is currently trading within a falling expanding wedge pattern.
While the market stays within its boundaries we remain bearish biased.
The price started to fall from a minor horizontal resistance in the middle of the wedge on Friday.
I guess that the price may drop even lower after the market opening.
Two underlined resistances are on focus for breakout/pullback trading.
I will post an update once I see a decent confirmation.
Good luck!
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USDWTI H4 - Short SetupUSDWTI H4
Bearish trend on this setup has really started to take off, good end to the week, but the start of the week has really picked up where we had left off. Ideally want to see a close below $87/b today or tomorrow, this would really turn the tables on the LTF and help us seek the next lower low leg. With short term targets of $84/b.
UKOIL back to Prices before February 24th? This graph is a representation of my point of you of the futures market (USD).
S&P still on correction modeS&P 500 still correction mode and will be doing abc instead of wxy then will go down for Y leg with abc wave in it.
CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook 🛢
Weekly/daily time frame analysis on WTI Crude Oil.
Price action, key levels and potential scenarios.
Trading recommendations and thoughts.
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USDWTI D1 - Short Signal SetupUSDWTI D1
Pretty much everything we are scouting out is on this higher timeframe, really trying to understand market bias and direction (USD bull continuations expected) before diving into the LTF entries (H4/H1).
Nice area of D1 supply and S/R here on WTI. Targets of $85/b with a little over $2/b stops gives us over 4R potential.
📈BRENT 08/12/2022: strive upward❗️📈 Priority direction : Up .
📝 Description: Brent crude is currently trading near the POC (point of control) of the previous week and it is not surprising that buyers did not pass this barrier on the first attempt. It may take several such attempts, but most likely the situation will develop in favor of buyers and the instrument will rush to $101.50 (another barrier to growth). If the above levels are overcome (this is already a more medium-term idea), then oil will not keep you waiting and will reach $104.23.
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