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Oilbrent

7 Dimension Analysis For OIL😇7 Dimension Analysis Analysis Time Frame: Daily 1️⃣ Price Structure: Sideways to Bullish 🟢 Structure Initial Behavior: Choch Bearish 🟢 Move: Corrective 🟢 Inducement: Done 🟢 Pull Back Count: 1st 1st OB mitigated Extreme OB unmitigated Touch count 4, breakout from the range 2️⃣ Pattern 🟢TREND LINES: Act as Support 🟢CHART PATTERNS: Flag: Signaling Continuation Triple Bottom: Indicates a potential move to the long side Rectangle Breakout: Confirms bullish sentiment Fakeout: Strong demand signals after the breakout CIP: Holding at rectangle resistance, now acting as support Buildup: Bullish momentum after the rectangle breakout 🟢 CANDLE PATTERNS: Record Session Count: 7 buy candles, transitioning to sideways during buildup Change in Guard: Noted at the end of the record session count Momentum (Engulfing): Indicates potential bullish continuation Engulfing: Classic bullish pattern at the bottom Good Momentum: Observed at rectangle breakout Narrow Range 4: Bullish breakout during the buildup phase Inside Bar: Current candle forming, confirmation needed at closing Todays Open High: Sustained for 4 hours 3️⃣ Volumes 4️⃣ Momentum RSI: 🟢 Zone: Superbullish yet 🟢 Range Shift: Sideways to Bullish 🟢 Divergence: Hidden 5-candle divergence indicates loss of momentum 5️⃣ Volatility Bollinger Bands: Middle Band S/R: Strong support Squeez: 60 candles in range, poised for a breakout inside the bulls Squeez Breakout, Outside Upper Band: Bulls showing strength Headfake: Price closed outside the lower band multiple times but quickly bounced back M Pattern: 2nd leg forming, potential small correction toward middle band support Open with Gap and Equal High: May indicate a correction 6️⃣ Strength ADX: Main line under 20 shows overall consolidation, but bulls have some power 7️⃣ Sentiment ROC: Rate of change for oil is in demand compared to all other commodities according to available data ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Current Move: Impulsive, waiting for a valid high after corrective move ✔ Support Resistance Base: Hourly trendline and wick OB area acting as strong support ☑️ Candles Behavior: (to be monitored after correction) ☑️ FIB Trigger Event: Not yet ☑️ Trend Line Breakout: Not yet ☑️ Final Comments: Awaiting correction completion before considering buy position 💡 Decision: Buy 🚀 Entry: 75 ✋ Stop Loss: 73.5 🎯 Take Profit: 81.54 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 15 days
TVC:USOILLong
by Optimum369
USOIL:75.0 supports short-term rise Looking at the daily line, the Bollinger Bands opened, and the price has always maintained a sideways movement near the upper rail. The direction is dominated by bulls. Before there is a short-selling signal, we will not consider short-selling orders to enter the market for the time being. Yesterday’s callback is also holding 75 first-line important support, continue to pay attention to the support of this position within the day. In 4 hours, the Bollinger Bands showed signs of flattening, and the price was running between the middle track and the lower track. The short-term price showed signs of retracement, and the expected strength will not be too large. After the retracement stabilizes around 75, you can enter the market with multiple orders. oil buy@ 74.8-75.3 tp 75.8-76.9 Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up . Continually updated
FX:USOILLong
by Dylan-Jones
Crude oil rebounded strongly, opening the way to rise?At present, it is in the process of rebounding after a volatile decline, and the short-term trend is relatively volatile. On the one hand, oil prices have initially bottomed out, which is a bit like a sign of inverted V reversal; on the other hand, oil prices seem to be undergoing a correction after breaking the level and falling.At present, the short-term rebound is relatively strong, but before regaining 72.4, it is still necessary to beware of the possibility of oil prices returning to the downward trend. If the 72.4 position can be recovered, it will be determined that the V-shaped reversal is established and increase the bullish signal in the future.If oil prices are delayed in regaining the 72.4 position, there is a technical need for a secondary bottoming demand, which will increase the short-term bearish signal. In the short-term treatment, the bottom pays attention to the support of the 69-70 line, and the top pays attention to the resistance at the 72.4 position. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
TVC:USOILLong
by Short-term-king
Crude oil continues to fall, where will it stop falling?Crude oil prices continued to fall today, and are currently trading near US 65 per barrel.On the fundamental level, the supply and demand structure of the international crude oil market is still a small oversupply. Unless OPEC has a significant production reduction, it will be difficult to achieve much growth on the demand side. Although UBS reached an agreement to acquire Credit Suisse over the weekend, and the Federal Reserve and other six major central banks jointly acted to enhance liquidity to appease and stabilize global financial markets, U.S. crude oil once rebounded by more than 1% to US 67.4 per barrel, but worries quickly picked up again, and the United States still has unresolved banking problems. The market is worried that the banking crisis will develop into a global financial tsunami, which in turn will drag down crude oil demand. U.S. crude oil quickly took back gains and continued last week's decline. It is currently down more than 2%, with a minimum of US 64.4 per barrel, which is December 2, 2021. A new low since then. From the trend point of view, oil prices broke down after a wide-ranging shock at the daily level, and continued to fall after losing the important support of the 70-integer mark. Even if the 70-integer mark was not recovered during the subsequent rebound and the decline continued, the downward break was basically determined. The technical side is biased towards bears, and the future market of oil prices is inclined to further test the support near the December 2021 low of 62.46, and even look at the 60-integer mark.The initial resistance above is near 67. If this position can be recovered, it will increase the possibility of low oil price shock adjustment. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
TVC:USOILShort
by Short-term-king
Buy crude oil at 78.5. Trading is about making profits, not about venting frustration or trading for the sake of trading. Therefore, traders must understand what stage the price is at and take appropriate actions. Traders are neither always long nor always short, but always adapt to changes in the market. Traders must have their own defense system to control risks. Risk control and capital management are essential in your trading. On Friday, oil prices recovered from a brief sell-off, rising more than $1 and the weekly chart also showed an increase, boosted by new optimism surrounding demand from the largest oil importing countries. Friday saw a large bullish rally, closing at a high level, while on Monday prices weakened during trading. Regarding operations, the key point to watch above the crude oil price is near the 80.5 level, which can serve as a reference for selling. Looking below, the support near the 78.5 level is a good point to buy in with a small position, while the strong support at the 77 level can be a point to buy in with a large position. Feel free to leave comments and discuss, follow me to make trading easier.
TVC:USOILLong
by Ice_and_Fire1
Buy crude oil at 80.43. The core of trading is not how much profit can be made in a single transaction, but whether one can achieve sustained and stable profitability over the long term. In the previous article, the strategy given for crude oil was to go long at 78.5, with the target at 80.5, and it was a perfect take-profit. Currently, the support level on the hourly chart is at 80.43, and waiting for a pullback without breaking the support level is a suitable choice. Current trading plan: Go long at 80.43 for crude oil, with a stop loss at 80.13 and a target at 81.50. I will remind you when the trading point is reached. Liking, commenting, and subscribing are the greatest encouragement for me. Follow me to make trading easier! You are also welcome to refer to other ideas below.
TVC:USOILLong
by Ice_and_Fire1
Ready to buy crude oil again. Friends who followed my previous article have already sold at the perfect profit point. As expected, the trend is up from 78.5 to 80.5. So, there are still opportunities in the oil market. Personally, I believe that the 1-hour chart will form support around $80 and then continue to rise. It's not far from the buy point now! I will update the specific trading strategy later. Liking, commenting, and subscribing are the greatest encouragement to me. Follow me to make trading easier! Also, welcome to check out my other ideas below.
TVC:USOILLong
by Ice_and_Fire1
RUSSIA VS UKRAINE Hello every one i said about oil 2 weeks ago now i updated this chart and added new idea about oil ok. as you see Oil can see higher prices and after reaching the specified points can fill its inefficiencies and come down on the other hand because in this chart in the weekly time frame we have meditation and all areas of demand have been consumed can fall well after the Ukraine-Russia war But as I said, this chart wants to experience prices from $ 105 to $ 120 and then come down. I wish you a good day.
OLong
by CoinActionFx
2
OIL IS ON THE PROWL.. 🦊INTERESTING AREA... HOW MUCH PUSH DOWN WILL IT GET... CAN'T WAIT TO SEE THOSE MASSIVE LOWS AGAIN. Trading oil during those times was a monster. Beautiful lows. Taught lessons never experienced before. Now that free margin has been figured... swings won't aggitate as much with proper capital. These things happen in a #Flash out of nowhere... spreads are widened... then accounts are wiped out. Remember, usually more than once per year. Utilize certain safety mechanisms just in case your order is skipped, a.k.a. gapped. ... time for rest. Chat later. #25Sigma #Flash #OilBrent
O
by NebulousMercuria
Brent Crude Prices May Soon Return to $80After a drop to $69.28 per barrel Brent crude prices quickly rebounded to the upside on Wednesday touching $74.57. And there are several fundamental and technical reasons for it.First, gas prices in Europe skyrocketed to $180 per MWh for ICE Dutch TTF January gas futures on Tuesday, or by 22.7% in a single day. This lift off of gas prices also pushed crude prices up as high gas prices are forcing consumers to move to alternative fuels, including various petroleum products. The International Energy Agency (IEA) has reported that record high gas prices would increase oil demand by 500,000 bpd throughout Q1 2022, while the American Petroleum Institute (API) reported weekly crude stocks in the United States dropped by 3.67 million barrels, well above expected 2.63 million. Distillate stocks were down by 849,000 barrels and gasoline inventories were up by 3.7 million barrels.  According to the forecasts the Energy information Administration (EIA) is expected to officially report crude oil inventories to be down by 2.750 barrels. Technically, Brent crude prices are within the ABC correction, where the decline from $86.70 per barrel to $65.72 created wave A. Now we have wave B that is usually in a form of a zigzag. The first part of this zigzag was the rise of Brent crude prices from $65.72 to $76.70 per barrel. The second part strongly correlates with the first one and could be at 61.8% of its length or the same as the first one. Mathematically that would mean a potential for Brent crude prices to recover to $76.06 per barrel, or even to $80.26 per barrel. However, the correction might not be over yet as Brent crude prices haven’t fell below 61.8% of the previous rise from $65.72 to $76.70 per barrel. Goldman Sachs oil may hit $100 per barrel over the next two years as the demand for oil continues to grow above existing record levels. However, a moderate expectation from Goldman Sachs suggests that average crude prices are likely to remain around $85 per barrel by the end of 2023.
OLong
by scavoanastasiia
OILUSD On A Short Term ConsolidationHello everyone, if you like the idea, do not forget to support with a like and follow. Oil is consolidating on 57$ to 61$ region for the last days, not much is happening but opportunity's are everywhere. First of all what is consolidation ? Consolidation is generally market indecisiveness, which ends when the asset's price moves above or below the trading pattern. A consolidation pattern could be broken for several reasons, such as the release of materially important news or the triggering of a succession of limit orders. We can trade this region with a pretty simple plan. A break and a candle close of the resistance will lead us to the upside target. A break and a candle close of the support will lead us to the downside target. Also trading within the range is possible by just longing the support and shorting the resistance. Be on alert for important news about oil with the current world situation that can change the whole analysis with a sudden move. Thank you for reading my post, have a great day, wish you all the best ! Information provided is only educational and should not be used to take action in the market. Feel free to ask anything in the comments :)
O
by AM.98
10