Oilshort!
Oil in the fall? update (2)This analysis is purely a personal analysis
Reaching the desired price range, we will review it once again
Hints
1. This analysis is checked in the weekly time frame, so each of the waves has the necessary time to form between a few weeks to several months, and a total of one to two years.
2. For convenience, it refuses to go into details so that the trader can easily understand it.
3. The study was performed in the form of Elliott and canalization using Macd indicator
Analysis Description: Oil is on a long-term upward trajectory annually, so after the proper growth of oil prices and the failure of the downtrend, higher goals are pursued, but what is clear is that each impulse step needs a active step to rest.
So it can be said that in the next few weeks to a few months, the oil route is expected to be relatively upward to reach its $ 114 target to complete a complete cycle.
And then it enters a correction cycle that can take up to two years, so expecting to see $ 35- $ 45 as a midline target is not unexpected.
Note:
Proper insight into considering all possible scenarios then
1. Short-term visions Long-term to medium-term are well defined
We have a temporary uptrend and targets of $ 114 and $ 105 for it
Then for several months the rest of the movement shifted and, the price suffered
And then move to the channel midline for several months
At the end of this analysis is only a personal analysis and there is no certainty in doing or not doing it ......
Short Opportunity on WTI OIL According to UPtrendline channel
Pullback by Resistance level
Divergence on CCI
Corrective Wave
Fibo retracement
Previous Weekly Analysis
WTI Oil Coming Lower to 1980s After Russian De-escalation? Currently Oil is sitting at a resistant trendline on the higher timeframes with a strong bearish candle being printed so far, about 2% down today. We've formed a double top on the timeframes below and after a brief pullback we're ready to move lower. This change in sentiment comes from the news that Russia has begun to withdraw troops off of Ukraine's borders but still looking to show off it's military power in drills that will take place in the future. Western media were salivating for war with Russia, an enemy it has built up in recent years, but in leaked wikileaks cables from 2008, Russia predicted the destabilization of certain Ukraine regions once the West tried to push into Ukraine because pro-Russian communities would begin to fight back. This has since come into fruition since 2014 and so Russia are clearly not acting on a whim, but rather a strategic posturing I would call recent events. Putin has not been afraid to downplay the strength of the Russian military in comparison to that of certain Western countries so it doesn't come as an ego damage that he would remove some troops. We'll see how this plays out but the situation has been overly exaggerated and now we will see outflows from safe havens if the above still holds through in the days and weeks to come.
OIL-BRENT - 18 Feb. 2022The price is moving in a downward channel towards lower targets.
Support and resistance areas are marked on the chart. When the price reaches the green range, we have to wait for the reaction of buyers or sellers
This is my personal opinion. Please do not trade based on my analysis and data.
USDOIL Crude Oil top | Retracement level targetCan i call the $92 level the 2022 top for Crude oil???
We might see a retracement in USOIL after Russia reported pullback of military troops.
Some military units will start returning to their permanent bases after completing drills near the Ukrainian border, said the Russian Defense Ministry.
Extending the Fibonacci retracement tool, my price target for crude oil this year is the $79 support.
Looking forward to read your opinion about it.
OILhello dear treaders any news from oil ? ok.. let me read the chart oil. first of all lets take look at the oil chart We see that oil is rising sharply Now at what price can this price increase continue? No one knows But the traces of investors can be understood from the chart. Of course, one of the factors that has oil rising in this way is the tension between Russia and Ukraine.
In the oil chart, I see resistance from $ 100 to $ 105 even higher, but it is also possible that all of this will be broken because of the Russia-Ukraine war.
But if nothing happens and there is no war, the high resistances that you see in the chart can be activated and the price will fall.
If the price falls, it falls well because there is no demand area to keep the price because they are all consumed.
At the moment, in this political crisis, I can neither signal buying nor selling, I just have to combine all of these so that I can give you the right analysis.
Good luck.
Oil short ?Price has moved up for the past 6 weeks with no significant retracements. + Overly bullish psychology. Many predicting $100 oil.
DISCLAIMER: This is not financial advice.
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CRUDE OIL SHORT COMING SOONHi there,
As you can see, we got a DIVERGENCE on the HIGHER timeframe on the RSI and PRICE ACTION.
PRICE ACTION is rising whilst RSI is getting lower. So We can conclude that a DROP is coming SOON.
Our ENTRY will be on MONDAY 3hrs after MARKET opens because we STILL NEED to CHECK FOR FURTHER CONFIRMATION before entering the drop.
Our PROFIT TARGET will be the minor support level and potential the MAJOR support level.
kind regards
What's gonna happen to OIL price ..?TVC:UKOIL
in weekly , price of UKOIL has reached to a important zone which can act a resistance and push price toward down ...
this is only technical analysis and we also need to be aware of OPEC meetings results and also fundamental news around oil .
what is your opinion ? mention it in comments .
Amazing Short OpportunityBrent Crude Oil has completed a 5 wave impulse to the upside and has put in 3 divergent RSI highs on the momentum indicator signaling a lack of buying momentum to support the recent price moves.
Everyone on the news is bullish crude and worried about Russia but this looks like it's all going to blow over and oil is going to take a dive for some reason.
Oil Short - 1:10 RR Hi Traders,
Following up on my previous long on Oil we have found some resistance around this area.
I have given a trade opportunity of 1:10 aiming for the 50% fibonacci level and touch of the trendline.
This should be taken with caution as Oil is coming through on a strong trend.