I consider this scenario and will look for confirmation at indicated levels to short
WTI Crude oil trading strategy on July 12 I give several safe trading areas: sell: 83.6-84 (scalping. Small profits are enough) 84.3-84.55 (suitable for selling, sl84.8) buy: 81.6-81.8 80.9-81.2 Trading according to these indicators will allow you to make safe profits. If you make a profit using my signals. Please join me and give me a thumbs up
WTI is on track for a bullish engulfing week to snap a 3-week losing streak. And as it fell over 17% from the April high, it could pave the way for further gains in the coming weeks. However, there are plenty of resistance levels around the $80 that could spur bears from the side lines. The May VPOC and VAH sit around Wednesday's high, and the monthly R1 and...
HELLO FRIENDS As I can see USOIL has Break the triangle zone and now trading above 80$ as we said in our previous analysis, we are more bullish on Gold with Technical and Fundamentals views as we all know the War is still going on and US Gov supporting all his allies with billions of $ and there is no Ceasefire in near term. Iran is now entered in this War Plan...
Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday. Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2....
The overall trend of crude oil bottomed out yesterday and rebounded. The MA5 position of the weekly line fell back and rebounded, and the middle track of the daily line did not break below. This shows that the market is still strong. In addition, the conflict between Iran and Israel will boost crude oil, so it is good to be bullish. After all, the current...
Since March 2020, crude oil prices have been on the rise with simple Fibonacci 38.2% pull backs along the way ... BUT nothing appears to be able to stop what's coming next. Per barrel is currently hovering around $90 but the gas pumps and tempers will exceed the charts as we move into mid-2024 on the heels of the 2024 election. Also included the Elliott waves 1...
Crude oil fluctuated upward last week, with the lowest at 86.6 and the highest at 90.7. The weekly closed at 90.3. From the weekly perspective, oil prices will continue to rise. On the daily line, the price fluctuated upward. In summary, the operation ideas this week are mainly callbacks. During the day, The four-hour line fluctuates upward. The hourly line...
Crude oil continues to rise in the direction of the trend. Any intraday adjustment before reaching the new target of 91.50 is an opportunity to continue to be bullish in the short term. Of course, since the overall increase has been huge enough, the current space above is limited. Another one is in this round. It is the end of the rise, so it is not advisable to...
The movement of US oil has been very bullish in recent months, it seems to be seen to be peak for a few moments ahead. If you look at the Elliot Wave series that occurs, Wave 5 is likely to end. If you want to Short, it's better to wait for prices to fall to the reversal and retrace areas.
Crude oil continued to be bullish last week, in line with the expectation that crude oil will enter a new main rise. At present, oil prices have broken through the previous high point, which once again shows that the current upward trend is not over yet. Therefore, it is useless to say more about the direction of the trend, and continue to be bullish and long.
The overall trend of crude oil yesterday was like a roller coaster, but last night it formed a V-shaped reversal. It fell below the 79.5 resistance within the day and rebounded again, but failed to break through the previous day's low of 77.6. We went long at the low point of 77.6, and successfully ushered in a big rise, with a stop profit of 78.6! From the daily...
Following last week's analysis, still in accordance with the price movement for next week. US Oil still looks very bullish with a tilt trend close to 45 degrees and at the closure of the week with full bullish candle shows the support of the buyer is still very strong. The closest target is currently in the price range of 83-84 which at that price is in contact...
Us oil is quite interesting. The movement is now in accordance with the analysis that I gave a few weeks ago. There are things that are repeated here, namely the price of forming a curve bullish again. The possibility is the price of bullish is quite high, if we pull the fibo extension, then the possibility of the price of pursuing fibo extensions 1. Fibo...
Commodities were broadly lower yesterday with the CRB index falling to a 4-day low. Geopolitical tensions are rising following Russia’s decision to back out of a key grain deal which allowed Ukraine to export grain through the Black Sea. Weak data from China and news that Libya will restart oil production also saw WTI fall for a second day. What has caught our...
🚨 WTI HIGH PROBABILITY SELL SETUP SOON 🚨 * Here we can see clearly the next potential moves for West Texas Intermediate Crude Oil, in coming days or week. * Im thinking there might be a Down Trend Move happening FIRST to form the Inverse Head & Shoulder Reversal Pattern before the Huge Bullish Move to Up Trend. * I've labelled where i can see the Inverse Head &...
On the weekly chart, the trend started on March 13, 2022 (linear regression channel). There is a high probability of profit, since the channel is not yet closed. A possible take profit level is 42.67 ( this is the minimum take profit value, but it has a high percentage of payoff ). But don't forget about SL = 98 . Using a trailing stop is also a good...
I assume that if wave 2 is complete, and I draw a fibo extension from wave 1 to wave 2, then the distance of wave 3 if we take it at the level of 1.618 it will be parallel to the previous HH level. I believe the price is likely to continue to rise, and will look for the right area to buy.