Continuous downtrend on oil. Currently around the area of 97.75. Waiting for retrace to trend line before continuing down. Crude has tested this current minor structure demand area three times since july 5th. Formed a double bottom on the Weekly timeframe. Waiting for a break and close below current support around $97.00. With continued recession fears,...
oil prediction WOrld cant tolerate oil price right not and 100 for barel is a dream in midtime. maybe in future but not in short. oil can falling down toward targets.
Crude Oil. Support and Resistance (SNR). Kampung Style. Valid on the said date only. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Following the current situation we have 2 basic scenarios about oil price: 1. Yellow: USA already started some jawboning about support for their oil industry and etc, and we should not forget that normally such cautious talks are about to "measure" the possible reaction. So we wait here some possible reaction, probably going up till 40 and then falling again to...
Near $64.77 we can open Sell on US OIL - Price broke down Upward trend - $64.47 is mirror level - that the best place to open sell entry - R/R 1 to 4
Ok, president Trup was looking for lower prices and there you go right in time ;) Bears are under control no doubt about it but todays price action ( I would like to see daily close ) suggest we may see consolidation phase between 61,50/62,00 a 64,30/64,80 We are within 'no mans land" here imho and only breakout/down might give Us further direction. I do expect...
Here is the possibility to by OIL! This is my opinion!