OIL PRICE IS TOO LOW TO STAY AT THIS LEVEL FOR LONG#COMMODITIES #TRADESETUP
📡🔞 TRADE $BRENT
🔽 LONG (BUY) > 76.20$
❌ STOP > 75.10$ (1.18%)
✅ T1 > 93.32$ (RR 19.31)
✅ T2 > 119.5 (RR 48.41)
☠️CAUTION !!!!
2 IMPORTANT INFORMATION TO TAKE INTO CONSIDERATION:
> THIS IS A MT/LT TRADE. REGARDING THE SETUP. JAC IS DONE AND WE ARE WORKING ON THE EXIT. PIV D (76.47$) MIGHT BE THE KEY.
> IF WE REINTEGRATE THE FORK (BACK BELOW 75$). LAST CALL MIGHT BE THE LEFT LQ ZONE (73.30$)
> FUNDAMENTALS
OPEC+ likely to stick to its guns despite price slump, delegates say
www.reuters.com
Wo1and, PhD
Brentoil
Brent: In the Jungle 🌳🌴🎍Wimoweh, wimoweh, wimoweh, wimoweh
Wimoweh, wimoweh, wimoweh, wimoweh
Wimoweh, wimoweh, wimoweh, wimoweh
Wimoweh, wimoweh, wimoweh, wimoweh
In the jungle, the mighty jungle
The lion sleeps tonight,
In the jungle the quiet jungle
The lion sleeps tonigh
Wee heeheehee…–
… – okay, let’s stop here before we won’t be able to get this song out of our heads. We should rather take a look at Brent, which has advanced deep into the dark green jungle between $77.13 and $42.20 and has left the mark at $75.09 behind. We hope, the course has taken a sharp machete along, as we expect it to penetrate the scrub further – ideally until the 61.80%-retracement at $62.71. There, it should complete wave 2 in green and subsequently turn upwards again.
Recap of my trade for todayGood afternoon traders!
This morning I posted to sell CRUDE OIL (CL1!) QUITE HIGHER and BEFORE EVEN GETTING A CLEAR VIEW for what's happening on the market.
I got a message on twitter from someone said that it's impossible for it to go down since the market is higher and it all shows that it will keep climbing up, my answer was "keep watching the chart for the rest of the day" and here it is.
I hope someone could see the post I posted and followed me when I said sell CL1! so he/she can make some profits.
For me and my custommers we made good profits today on ceveral markets and they're happy about that. Happy custommer = happy me lol.
Well, see you monday on another forecast and as I always see on my posts, if you got any question don't hesitate to ask and I'll be answering with pleasure.
I might post some analysis tomorrow for Arab stocks, stay tuned if you're interested!
Wish y'all a great weekend!
SELL CL1!Good morning CRUDE OIL traders!
I'm sharing with you onr of our trades for today and it's on CRUDE OIL, as you can see on the chart after the squeeze of buyers with a high volume now the market is dropping.
Bonus: Pay attention to the support line I drawn, if the price pulls back on it you close, if not you add another position.
Set TP and SL at your own risk
If you got any question don't forget to ask!
Don't hesitate to ask for an analysis on a specific market!
Target 45,27. Recession! Following monthy chart.
Before I shared a short setup an it hit the target
Then shared a long setup, it hit the target
This time it's a bit concerning. I got a short signal from my indicator and I think target will be 45.27 in fibo.
SL 112.
This means recession, something bis is coming soon.
Brent showing two strong bearish patterns to target $67.71M formation has formed over the Rising Flag.
This confirms not one but 2 bearish patterns in the making.
There is a strong chance of the price coming down. and we have other indicators confirming.
7= 21 - crossing
Price <200
RSI<50
Target $67,71
Recap of my trade for todaygood afternoon and good evening traders, I'm sharing with you the recap of my trade for today on CRUDE OIL, today I posted it too early than usual since my custommers and I got in multiple markets and were already on profit at the moment we got in this one.
The reason why we sold is theprice pulled back on thet resistance line which is provided by a tool I can't share to public, after we got what we call a squeeze on the trading system I follow we closed and ended the day with good profits, however yesterday was perfect, I didn't post since I got new custommer I was setting the chart with.
See you tomorrow on a new signal !
In case you got any question don't hsitate to ask!
wti would go to stable price mid Aprilinterest rate hiking will continue in March with FED's decision.
I pesonally belive that FED will raise only 25bp but it will be effective indeed.
Inflation will go down until April so as WTI oil.
My price target to short oil is 60 dollar.
I can see some perfect Head and shoulder pattern also from the chart.
Crude Oil (WTI): Bearish Outlook Explained 🛢️
WTI Crude Oil reached a key daily structure resistance.
The price formed a tiny little double top on that on 1H time frame.
Its neckline has been just broken.
The market will most likely keep retracing.
Goals: 79.9 / 79.6
❤️Please, support my work with like, thank you!❤️
Recap of my trade for todayGood afternoon and good evening traders, for today on CRUDE OIL it went sideways and on the other 2 markets we traded and it's okay since this is how trading works, today's not our day so we stopped at the morning after losing 1.5K and we'll recover it in the following days.
I don't only share my wins, losses also must be shared so beginners know that trading isn't always winning sometimes it goes against you and also advances traders also have bad days in trading. Learn from your losses and never quit !
See you tomorrow in another signal.
In case you got any quesion don't hesitate to ask!
SELL CL1!Good morning traders, I'm sharing with you my trade on CRUDE OIL for today, I got in with my clients an hour ago and I want to share it with you now. As you see on the chart the price broke the channel with a high volume after consolidating the whole night.
SL and TP set them at your own risk
In case you got questions don't hesitate to ask
USOUL OUTLOOKThis week NFP release will be the center of attention for future interest rate release from the federal reserve.
With price currently within indecision, we might as well be expecting a breakout or a rejection from supply at 81.87 due to newly weekly mitigation at 73.70 which buyers have shown momentum in the last seven days.
If price fails to break 80.53- 81.87 range, I see selling opportunity back to major support at 77.43 where I will be anticipating for long if validated back to supply at 81.87
If 77.43 invalidates as support I see further decline towards 73.70- 73.18 range.
Brent bearish Head&Shoulders patternWe see bearish H&S pattern on Brent H4 chart. Also there is strong triangle pattern, thats why we can put limit orders, if bearish H&S pattern will confirmed it will be sell signal, if market will break $87 resistance it will be buy signal...
USOILThis situation has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️️
ALL Crude Oil Fractal Corrections' Structures Are Bullish!As forecasted in our Jan 29 post (chart below), crude oil found strong support to reverse price to the upside and price is now back at another resistance level at 80 circa. A break above the resistance level will expose crude oil price to test the swing high at 90.
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#crudeoil
#wti
#brentoil
USOIL CAN RETEST A NEW LOW CLOSE TO $70The trend line has already been breached and now we can expect the price of oil to follow a new low while the recent bullish trend formed already retraced more than 61% on the fib. On the daily timeframe, we are following a major bearish trend for a few months now which already retraced and almost wiped off the gains that happened last year.
Thanks for visiting my tradingview profile. Hope the chart update helps you out. If you like the content do hit the thumbs up and follow me for future updates. Don't forget to leave your thoughts and opinions on the following market. 🙌🏻😎
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USOIL RESISTANCE LEVEL ABOVE 80.45 PROVED TO BE STRONG AFTERALL!After many touches of USOIL and followed by rejection, the resistance level above 80.45 actually proved to be strong. Having created micro double top at the resistance level, USOIL is likely ready to re-test its support level.
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#crudeoil
#wti
#brentoil
Crude Oil (WTI): It Will Keep Falling! Here is Why: 🛢️
Crude Oil broke and closed below a support line of a rising wedge pattern on 4H.
Taking into consideration that the market has recently reached a solid supply area,
probabilities are high that the market will keep falling.
Goals: 78.3 / 77.4
❤️Please, support my work with like, thank you!❤️