Brentoil
CRUDE OIL video top-down AnalysisHello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
NYMEX:NG1! Natural Gas daily weekly long short lineHİ all daily line 1 +2.971 long - 2.971 short
daily line 2 +2.902 long -2.902 short
daily line 3 +2.833 long -2.833 short
daily line 4 +2.732 long -2.732 short
weekly line +2.53 long -2.53 short
this not a investment advice .Amele indikator. goodluck
like and fallow pls
USOIL Sell Setupon DAILY: USOIL is sitting around a strong resistance zone so we will be looking for sell setups on lower timeframes
on M30: USOIL formed an objective trendline in blue and broke its last swing downward. we also have a divergence on MACD adding more confluence to our setup.
But since the break happened a couple of hours before the market close and because the price is sitting around the round number 40.0
Let's wait for a momentum candle close below 40.0 in green before selling for extra confirmation.
Good Luck!
CRUDE OIL video top-down AnalysisHello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
UKOIL BRENT Nose-dive to $32 and beyond?After the 2h 50 EMA crossed below the 200 EMA first time since May 05, 2020,
the 3h 50 EMA crossed below the 200 EMA on Sep 04, first time since May 07, 2020.
What exactly can stop oil from going diving back to low $30's ? More cuts from OPEC?
Winter coming to the Northern Hemisphere? Miracle vaccine ?
Doubt it. Let's see...
Brent Oil Rejection Could Rally Price Above 56Brent Oil witnessed rejection of the downward trend with the last 2 week candlestick. This rejection potentially could cause brent to rally above 47 and subsequently, above 56 if a re-test of 47 level (after breakout) is held successfully.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
COVID retracement comingLook at Oil chart. 20 days ago I've noticed bulls weakness and now we witness full retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back. France is went up to 4th place in the world in active cases. India took the second. While fairytales about vaccine are multiplying, no one really knows what to expect during Autumn months, when flues are most active.
I think we may expect a bounce to 43-44 within nearest days/weeks. Will use it to exit as much stocks as I can. Maybe open shorts.
Week chart doesn't bring anything bullish.
Crude Oil Elliott Wave IdeaHi,
Theory based on already complete 5 wave down (in wave A of ABC), potentially in wave B now with wave C to follow to new lows.