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Crudeoilwti

Brent Crude ⛽️Oil⛽️ Analyze!!!Brent Crude ⛽️ Oil ⛽️ has passed the main wave W by Zigzag structure (5-3-5). Oil could finish Expanding Flat (3-3-5) or Main wave X at 138.03$ . Of course, the War can change my Scenario, but I don't expect Oil to break 177$ . I expect the Brent Crude Oil to go DOWN at least to the upper line of Descending Channe & Support Zone . Brent Crude Oil Analyze ( USDBRO ) Timeframe Monthly (Log Scale) 🔴 Resistance Zones 🔴 & 🟢 Support Zone 🟢 that we have in front of Brent Crude ⛽️Oil⛽️ . 🔴 Resistance Zone 🔴: 147$ until 135$ 🔴 Resistance Zone 🔴: 178$ until 159$ 🟢 Support Zone 🟢: 88.6$ until 83.3$ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
FX_IDC:USDBRO
by pejman_zwin
6
USOIL - Similarities between 2008 and nowLast week, our short-term price target of 80 USD was reached. Because of that, we would like to reiterate that we remain bearish on USOIL. In addition to that, we maintain our long-term price target of 70 USD. Illustration 1.01 Illustration 1.01 shows the similarity between the oil price pattern in 2008 and now. Technical analysis - daily time frame RSI, Stochastic, and MACD are bearish. DM+ and DM- are bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, Stochastic, and MACD are bearish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
25
Crude Oil in 1H time Frame.Hi Everyone, Please see updated 1H chart High Probability to test the resistance. my updated from 4H before i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support ! Goodluck i'll help you to have a great trade. Please using good money management. dont take any emotional trade. Note: Dont risk more than 0.2% on trending market Dont risk more than 1% on ranging market Wish good luck for all people. Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it! i'll make more and more great analysis if this chanel grows. on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks. Best luck for you. Cheers mate! Thankyou.
NYMEX:CL1!Long
by LaurentWilvyne
2
My swing Full Margin Setup on WTI CRUDE OILThis setup taught by my awesome teacher, a legendary trader from Malaysia, Mansor Sapari. But man, to get this setup, you need to have a very very strong patience. Of course this setup is not my only setup to trade. In order to get a complete setup: Must have -fakeout -compression -cap price zone -support resistance -supply zone -resistance become support -breakout -double maru candlestick -divergence on MACD/AO -some times it goes well if there's a news (fundamental aspect) Sorry, my english is not very good to explain. But I'll to explain it in video next time. Please help me to grow my youtube channel, I would like to share and help others in trading. I also need to learn more stuff. Search & SUBSCRIBE my channel "The Musician Trader"
TVC:USOILLong
by AlfredFX3_16
1
WTI oil - Oil continues to drift lowerOver the past four months, we repeated that oil prices were peaking and the downside was looming over the oil market. Despite the excess of bullish calls forecasting new ATH for oil prices, we stuck to our bearish bias. Indeed, a few months ago, we set price targets of 100 USD, 95 USD, and 90 USD for USOIL. After hitting the first two price targets, we still remain bearish and maintain a price target of 90 USD for WTI oil. Our views are based upon technical and fundamental factors. Illustration 1.01 The picture above shows the daily chart of USOIL. Two moving averages, 20-day SMA and 50-day SMA, reflect the downtrend. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Illustration 1.02 The weekly chart of USOIL shows 20-week SMA and 50-week SMA. The 20-week SMA appears to be reversing to the downside, which is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
6
WTI oil - The backwardation points to the lower price of oilIn the past three months, we warned investors about the imminent trend reversal in the oil market. Accordingly, we set price targets for USOIL at 100 USD, 95 USD, and 90 USD. Yesterday, our short-term price target of 100 USD was taken out. Due to that, we would like to update our thoughts on USOIL. We continue to be bearish on the asset and expect the volatility to stay persistent throughout the third quarter of 2022. Additionally, we expect the prospect of a global recession and production hikes to impact the price negatively. Our views are also supported by bearish technical developments across daily, weekly, and monthly time frames. Because of that, we would like to update our medium-term price target of 95 USD to the short-term price target; additionally, we would also like to update our long-term price target of 90 USD to the medium-term. Illustration 1.01 WTI oil dropped approximately 25% from its 2022 high to yesterday's low, entering the bear market territory. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. The ADX hints at growing bearish momentum. Overall, the daily time frame is bearish. Illustration 1.02 The picture above shows crude oil futures for September 2022. The market backwardation hints at lower prices for oil in the future. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, DM- are all bearish. Overall, the weekly time frame is bearish. Illustration 1.03 Illustration 1.03 shows another oil futures contract, but for January 2023. These contracts trade at far less, near the 87 USD price tag. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
17