SPx500 OIL GOLD BTC - The Oil light is onideas stated in the video. I think we're close to a turn, but another small run up is possible. Any pullback on gold might be a good long opportunity.
Cl1
Crude Oil Poised For Equality TestIn this update we review the recent price action in the Crude Oil futures contract and identify the next high probability trading opportunities and price objectives to target
CRUDE OIL (WTI) Your Trading Plan For Next Week 🛢
WTI Crude Oil is approaching a resistance line of a falling parallel channel on a daily.
To catch a trend following move, wait for a bullish breakout of its resistance.
You need an hourly candle close above that to confirm the breakout.
A bullish continuation to 103.8 level will be expected then.
Good luck!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
false breakout on USOIL?Strong jump today but completely rejected may signal a bearish move next week. Under 92 is the level the bears want to take out.
Stops should be above the last high (about 102). Best to wait until monday to see if price continues down as weekend news can always be a wild card.
Oil7. 30. 22 I think it would be helpful to review some of the points that were made yesterday on the oil charts before things happen, and I'll show you how just a little bit more information not only as clarity, but helps you organize trade and fries and also targets. Will was actually a difficult market to trade after the open, and after that video. you could have made a lot of money after the video, put the market Was volatile, which is good if you're Trading is the right direction. He was a fast market, and that's good if you can handle that kind of a market. Take a look and see what you see.
CRUDE facing resistanceCrude Oil futures appear to be facing some resistance about 100.
It is clear that the 95 support level has been holding well, especially when the weekly 55EMA meets price at the bottom of the triangle.
Daily chart tested 100 resistance to fail but technical indicators suggest that there should be more breakouts but not before some more consolidation.
Wait for it.
Short Crude here at 99.20Crude is running into trendline resistance and has reached its upside corrective target. It is a low risk short here at 99.20 looking for 96 initially
Oil Hits Our Target of $100Oil has picked up again, breaking through $100, but finding resistance at $101. This is exactly what we anticipated, it just took a few days for oil to break through the resistance in the mid $90's. Our next target is $106, but it will take some momentum to get there. It is likely that we will hover in the low $100's to establish value. If we retrace, we will have strong support from $95.24.
Oil Still Bound by $100Oil rallied slightly, but is still maintaining the $90 handle. We shot up from support at $95.24, but fell short just below the target of $100, hovering around $99 at the time of this writing. The Kovach OBV is drifting up, suggesting a bull bias that could result in a breakout soon. If so, $100 and $101 are the targets. Watch for resistance here, and a possible retracement back to $95.24, with $92.03 an anticipated floor for now.
USOIL 27th JULY 2022Oil prices rose for the second day in a row, Tuesday (26/7). Amid growing concerns about tightening European supplies after Russia, a major energy supplier is cutting gas supplies via a main pipeline. The European Union has repeatedly accused Russia of using energy blackmail. The Kremlin said the shortage had been caused by maintenance issues and Western sanctions.
EU energy ministers on Tuesday approved a proposal for all EU countries to cut voluntary gas use by 15% from August to March.
The Organization of the Petroleum Exporting Countries and allied producers (OPEC+) are expected to confirm as a mere formality their decision to expand oil production by 650,000 barrels per day in July and August. The OPEC+ group of producers including Russia, began two days of meetings on Wednesday, though sources said there was little prospect of agreement to pump more oil . The net drop in crude oil inventories was flattered by SPR (Strategic Petroleum Reserve) releases, while the gasoline stock jump is because U.S. refineries are running at over 95% capacity.
USOIL 6th JULY 2022
USOIL 14th JUNE 2022
USOIL - the two choices USOIL can't break below strong support at 92 so far. If it does, it will likely be a big sell to the 70's. If it holds that 92 level and breaks above 104, look for another leg up to around 120.
SHORTING CL HIgh probability that cl will be short in the mentionned area ; i highly recommend to sell CL
CRUDE OIL (WTI) Your Trading Plan For Next Week🛢
Hey traders,
WTI Crude Oil is approaching a solid demand area.
To catch a bullish move from that, watch the reaction of the price to the resistance line of a falling parallel channel.
If the price breaks and closes above that, we will expect a bullish movement at least to 104.5 level.
Alternatively, bearish violation of the yellow zone will trigger a further decline.
Good luck next week, traders!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Crude Oil Bullish TailwindsCrude Oil (September)
Yesterday’s close: Settled at 94.70, down 1.65 on Friday and up 0.13 on the week
- Recession fears weighed on Crude Oil ahead of the weekend after poor Eurozone PMIs and given continued mass testing in China.
- Also, a bearish EIA report and Libya production coming back online added negativity to the. Libya is now seen ramping to 1.2 mbpd over the next two weeks.
- A return of geopolitical premiums after Russia attacked the Odessa, Ukraine port only one day after inking a deal to allow the traffic of exports?
- Bullish response this morning to major three-star support at 92.83-92.97, aligning with the July 6th low, creates a right shoulder of a bullish inverse head and shoulders pattern.
- Strong overhead technical resistance persists due to steep trend line from Jun 14th high.
- Look for momentum to shift with a close above the 21-dma at 99.49 today.
- Must close above major three-star resistance at 96.52-96.97 to encourage added buying.
- A bullish breakout will be secured upon a close above major three-star support at 100.57-100.74.
Bias: Neutral/Bullish
Resistance: 96.52-96.97***, 97.66-97.95**, 99.16-99.31**, 99.88-99.99**, 100.57-100.74***, 101.21-101.78***
Pivot: 96.06
Support: 95.15-95.47**, 94.23-94.57***, 92.83-92.97***, 91.66**, 90.00**, 87.56***
1773.3 decisive point 1773.3 decisive point is either we have to short or buy gold if breaks with force
Will Oil Test $100 Again??Oil has edged back down to support after topping out at $100, a strong psychological and technical level. As predicted here, we are finding support at our technical level of $95.24, confirmed by a green triangle on the KRI. Support is looking weak, and we could break down further. The next level below and target for support is $92.03. After that we could test the base of the $90 handle at $90.06. If we pivot off current levels we could make a run for $100 again.
SPX 500 - all about that 3900Bull and bear cases discussed, also OIL and BTC. In a nut shell, bulls want to continue the uptrend and 3900 to hold as support. Bears want to see 3900 fail as support which would likely start more intense selling. Oil short looks clearer to me as of now.
Oil Hovers Under $100Oil has edged upward, but is meeting lots of resistance in the high $90's, just below the target of $100. We edged past $100 briefly, only to retrace back to comfort at the base of the $99 handle at the time of this writing. The Kovach OBV is trending up, but appears weak, suggesting we will need more momentum to break through $100 definitively. Many red triangles on the KRI are signalling resistance here, so anticipate a rejection back to $95.24, or even $92.03. If we are able to break through the low $100's there is a vacuum zone to the next target of $106.
Stocks Chew Through Resistance and moreS&P, NQ, and equity indices chewed through resistance today. U.S. Dollar weakness is underpinning strength across risk assets. Crude is at an inflection point. Let's dive in.
USOIL - the shorter's setupBearish hidden divergence on 4 hour chart and trendline resistance. If the idea is correct it shouldn't get past 104/105 although with oil it may spike past that first and then immediately sell. Target mid 80's
