Oilprice
OIL Weekly Forecast 14-18 November 2022OIL Weekly Forecast 14-18 November 2022
Currently the implied volatility for this asset is around 6.59%, up from 6.36% of last week.
From volatility percentile, point of view, we are currently on 66th from ATR and 66th from OVX index.
With this volatility percentile values into account we can expected on average that the weekly candle is going to be:
4.56% for bullish
5.01% for bearish
With the current IV, we can expect with a 71.0% probability that the market is not going to close either above or below the next channel:
TOP: 94.68
BOT: 83.35
Lastly, based on previous calculations, we have:
31% to hit the previous weekly high of 93.8
65% to hit the previous weekly low of 84.65
High-risk buying opportunity USOIL !The price is now within the buying areas, but it is high risk, and is now based above the moving average 200 with an uptrend and within the demand area, but with this there will be risks, if it closes below the demand area, there will be more downside.
It is an opportunity worth entering into, but with a small contract that fits your wallet
Note: Opportunities do not end, but your account may expire quickly if you covet this market.
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Note: If you are a beginner trader, you should be aware of these rules:
1: Do not covet
2: Don't trade too much
3: Secure your positions after entering the profit
4: Enter contracts that fit your portfolio
5: Adhere to all recommendations
Oil is trapped?Oil now is uptrend but if it close below level 87 we can see oil at 83 so all we can do is wait and see what oil is going to do tomorrow
First scenario respect trend line and complete in uptrend or
Second scenario close below trend line and go to 83
Check my last oil analysis
Good luck all if you like my idea like it and share your opinion ☺️
WTICOUSD Daily Bullish BlockSo the indicator created, which is in Beta, essentially detects trading blocks that act as areas of buying or selling with considerable amounts of accumulated volume .
Daily Bullish Block looks to be in play heading into next week. Suffice to say I will confirm the completion of block on Monday and trade accordingly.
Oil update Oil stopped pulling near monthly support area 92.67$
Yesterday i sold 92.37 $ what to expect this month
Will dollar effect yesterday was huge and un expectable.
I think bull back to 90-89 is more than normal .
Next session in Monday ill take profit
In my opinion we can go to 100 if we break th 93 area further if we break 84 we will go to 73 area
GOOD LUCK