XAUUSD BEARISHgold making the events around sellers and we can see the movement of downwards till 1830 for now our fiest target is to reach 1839 for now from 1855 it means we are expecting the movement of 160 pips downward from 1855
Xtiusd
USOIL 16th MAY 2022World oil prices fell due to continued lockdowns in China, the world's top oil importer, sparking concerns about the outlook for oil demand.
Asian share markets were struggling to sustain even a minor rally on Monday after shockingly weak data from China underlined the deep damage lockdowns were doing to the world's second-largest economy.
The COVID lockdown in China has had a negative impact on the oil market, which was hit by a sell-off along with equities.
In my view, if price has breakout from H1 diagonal support area . This is a good opportunity to sell with the target105.2 - 101.8
OIL 18th MAY 2022Based on chart pattern analysis XTIUSD is currently forming a symmetrical triangle pattern, the price broke out above the resistance area, then retested. the price tends to be bullish going forward. Bullish target is up to 115.30 , stop loss if the price returns to the symmetrical triangle area.
USDWTI H4 - Short Setup, Oil supplyUSDWTI H4
Saw a nice hold up on the D1 yesterday on a clear area of daily resistance. Interested to see if this is the point of reversal, we have had a nice trading range for the best part of two months here.
Stops to cover wicks dated back to March 21. 6.5R trade to take us down to $95 as mentioned yesterday.
WTI, crude oil, sales opportunityI updated my Elliott wave analysis. In the last case, I will follow the specified levels and enter the sales process. My expectation is 60 dollars
USOIL - LONGUSOIL is looking like it may move higher.
We have found a bottom (point 5 green) and a nice reversal higher.
We have made it above point 4 - creating new high and we should take nice profits now.
Now we expect a reversal to the breakout - blue line.
If it gets there we'll examine the price action to see if we can go long again and continue the swing higher.
OIL 10th MAY 2022World oil prices fell due to continued lockdowns in China, the world's top oil importer, sparking concerns about the outlook for oil demand.
The COVID lockdown in China has had a negative impact on the oil market, which was hit by a sell-off along with equities.
In my view 97-100 is support level. This is a good opportunity to buy with the target of the correction up to 103.8
USOIL 6th MAY 2022
Currently, China has shown signs of implementing a new normal, but its economic growth is not as aggressive as before the pandemic.
13 Chinese cities have been in total lockdown since March, and several others have been in partial lockdown.
USDCNY D1
XTI/USDXTI/USD
Intensification of purchases is facilitated by the discussion in EU on topic of new anti-Russian sanctions, which include not only a ban on oil imports from RF but also the maintenance of oil cargo, including resale, transportation and insurance. There is no final decision yet, but the market is preparing a springboard for a new upward spurt. With a confident breakdown of the protection zone 100, cautious sales can be considered with targets below the 87.50 zone.
USOIL / XTIUSD/ Crude oil market upUSOIL trade can catch lower low level before heading up as shown in the graph. In addition, Trade will be bullish in coming session. First It will attain peak level then can suddenly go for free fall to hit new lower low. Trade will be highly volatile. Take Position after careful consideration.
OIL 6th MAY 2022The high price of oil was caused by Europe embargoing energy imports from Russia, rising prices were restrained by China during the Covid-19 lockdown, thereby limiting the production activities of those need energy.
So at this time oil still tends to be sideways , for future fundamental events it will be illustrated in the chart whether the price will breakout the resistance or support area.
WTI & BRENT - 26th APRIL 2022
USOIL- 11th APRIL 2022
USDWTI H4 - Short From ResistanceUDSWTI H4
Initial area of resistance had broken, and we have made slight adjustments to the resistance price/zone here. Very clear trading zone, something I'm taking short on from the details indicated.
Strong 8.5R from resistance down to support. And 3.75R to interim resistance.
USDWTI H4 - Short SignalUSDWTI H4
Hoping to see the next bearish wave here on Crude, we pulled back during yesterday's trading sessions, but still very much in a clear LL/LH sequence.
Hoping we can breach $100 on this next wave, subsequent retest as resistance, then we can target major support price of $95/b.
USDWTI D1 - Short SignalUSDWTI D1
Big daily timeframe here, expecting WTI to fall shorter again this week, continuing the theme we saw last week. Small spike towards the end of the week, but nothing to break the technical trend.
Expecting very much the same with gold too, analysis to follow.
Long in XTIUSDA bullish gartley & bullish bat confirms the long entry in a correction sequence for a while, it may reverse from the 0.618 level.
OIL 26th APRIL 2022The soaring back of cases of Covid-19 made oil prices corrected down. 2 popular oils are WTI and BRENT. Technically, this month there was a breakout and recently there was a retest. This will allow the price to rise again, then form a smaller triangle pattern.
for the target of buy accumulation of WTI : 94.5. BRENT : 97.5
profit target WTI : 103 -104. BRENT : 107-108.
Stoploss / sell order is recommended below the buy accumulation.
USOIL - 11th APRIL 2022
USOIL - 13th APRIL 2022
xtiusd short Xtiusd short short pattern
Xtiusd is completing its Head and Shoulder pattern
Sell at 108.6
Tp 106
Tp 100
SL 114
xtiusd Short setupXtiusd
Bearish confirmation on H4 and 1Day Chart
Sell from 101-104
Tp1 99
Tp2 97
Tp3 94.4
1day Chart Target price for long term 86
XTIUSD ON SHORTH Following previous trend line, oil on short after possible expected another peace talk between Russia\Ukraine. Data show previously decline on the oil price because of immediate ceasefire.
☑️BRENT: small update➡️ A small update to Friday's oil short idea in a new idea format. The priority of shorts remains, the fundamental reasons remain the same, but a larger perspective, of course, should most likely be expected to go long.
Technically, at the moment, the actual short. One can open short from the current levels ( ~111.50$ ). The target of the fall will be the level ~107.17 .
👇 Previous idea for BRENT 👇
➖➖➖➖➖➖➖
👍 Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
USOIL AnalysisHey traders, in this week we are monitoring USOIL for a buying opportunity around 99 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
OIL, wave 5 begins?hi, I see long opportunity on oil as it starts wave 5, good low RR entry at (ii), risk below 1
trade well,
Alex
CRUDE OIL | UPSIDE PREVAILSCRUDE OIL has given a breakout from falling wedge and sustaining above it. The price is consolidating in a rectangular box and a breakout above will leads towards 106 area.
Trade your levels accordingly.
