WW3 , Raising in OIL pricesI expect a significance rise in MARKETSCOM:OIL , and find NO reason for than except a start of big conflect in the middle east could lead to WW3Longby Ulrich_NeverDMfirstPublished 1
Oil's Well That Ends Well: Riding the Wave "OIL"Oil's technical picture is looking increasingly bullish. A recent bounce off a key support level has formed a compelling inverted head-and-shoulders pattern on lower timeframes. This classic reversal signal, combined with a series of higher highs in recent weeks, points to a strong uptrend in progress. According to my Elliott Wave analysis, we are currently in the impulsive phase, heading towards the 5th wave target of $75.00. This confluence of technical indicators suggests that oil is poised for further gains.Longby Tshepo_makPublished 2
US30 Buy After Corrective WaveThe Dow was bearish for the most part of last week, this week promises to be bullish with strong signs of recovery, chacterized by a change of character on the 3H.Longby JeffersonTradesPublished 1
US30 Buy After Corrective WaveThe Dow was bearish for the most part of last week, this week promises to be bullish with strong signs of recovery, chacterized by a change of character on the 3H.Longby JeffersonTradesPublished 111
CRUDE OIL- I don't have a car, so it's not an issue for me. - However, if you do own a car, be prepared for higher expenses. Happy Tr4Ding !Longby thecryerUpdated 448
OIL Investing in Crude Oil Copilot Welcome back. I’m excited to share more with you. What do you want to create today? You Sent by you: Hello, I remember that you asked early on if this other person other instruments that I want to invest in. Okay, I'm looking at the oil, US oil or crude oil. It's currently ranging between 69 and $70.00 and I think that is going to 200 Peppero. Copilot Sent by Copilot: It’s great to hear you’re exploring new investment opportunities! Currently, the price of West Texas Intermediate (WTI) crude oil is around $70.75 per barrel1. The oil market has seen significant fluctuations, and while it’s ambitious to predict a rise to $200 per barrel, it’s important to consider various factors that could influence this. Key factors to watch: Global Demand and Supply: Economic growth, geopolitical tensions, and production levels from major oil-producing countries can significantly impact prices. Technological Advancements: Improvements in extraction and production technologies can alter supply dynamics. Regulatory Changes: Policies related to energy and environmental regulations can affect market conditions. Market Sentiment: Investor sentiment and speculative trading can also drive price movements. Given your interest in long-term growth, diversifying your portfolio with commodities like oil could be a strategic move. However, it’s crucial to stay informed and consider both technical and fundamental analyses when making investment decisions. Do you have any specific strategies in mind for trading oil, or are you looking for more insights on how to approach this market? 1 macrotrends.net 2 oilprice.com 3 bing.com 4 foxbusiness.com 5 commodity.com +4 more You Sent by you: Alright, here is my analysis. Can you please give me the reasons why this could be valid? But my one reason is higher high and higher law that is an uptrend and people not sea level. There is a 0.386 something like that which is a very relative. Our shop. Copilot Analyzing the image: Privacy blur hides faces from Copilot Sent by Copilot: Your analysis highlights some key technical indicators that suggest a potential uptrend in crude oil prices. Let’s break down the reasons why your analysis could be valid: Higher Highs and Higher Lows (HH and HL): As you mentioned, the chart shows a series of higher highs and higher lows, which is a classic sign of an uptrend. This pattern indicates that buyers are consistently pushing the price higher, and each pullback is met with stronger buying interest. Consolidation Zone: The blue box on your chart represents a consolidation zone where the price has been ranging. This often acts as a base for the next move. If the price breaks out of this zone upwards, it could signal the continuation of the uptrend. Fibonacci Retracement Level (0.386): The 0.386 level you mentioned likely refers to a Fibonacci retracement level. These levels are used to identify potential support and resistance areas. A bounce from this level can indicate strong support and a potential reversal point. Support Levels: The green zone on your chart suggests a strong support area. If the price respects this support, it reinforces the bullish outlook. Market Sentiment: If market sentiment remains positive and there are no significant negative news events, the uptrend could continue. Factors such as geopolitical stability, economic growth, and supply-demand dynamics will play a crucial role.Longby roberto_us30Published 1
OIL Investing in Crude Oil Copilot Welcome back. I’m excited to share more with you. What do you want to create today? You Sent by you: Hello, I remember that you asked early on if this other person other instruments that I want to invest in. Okay, I'm looking at the oil, US oil or crude oil. It's currently ranging between 69 and $70.00 and I think that is going to 200 Peppero. Copilot Sent by Copilot: It’s great to hear you’re exploring new investment opportunities! Currently, the price of West Texas Intermediate (WTI) crude oil is around $70.75 per barrel1. The oil market has seen significant fluctuations, and while it’s ambitious to predict a rise to $200 per barrel, it’s important to consider various factors that could influence this. Key factors to watch: Global Demand and Supply: Economic growth, geopolitical tensions, and production levels from major oil-producing countries can significantly impact prices. Technological Advancements: Improvements in extraction and production technologies can alter supply dynamics. Regulatory Changes: Policies related to energy and environmental regulations can affect market conditions. Market Sentiment: Investor sentiment and speculative trading can also drive price movements. Given your interest in long-term growth, diversifying your portfolio with commodities like oil could be a strategic move. However, it’s crucial to stay informed and consider both technical and fundamental analyses when making investment decisions. Do you have any specific strategies in mind for trading oil, or are you looking for more insights on how to approach this market? 1 macrotrends.net 2 oilprice.com 3 bing.com 4 foxbusiness.com 5 commodity.com +4 more You Sent by you: Alright, here is my analysis. Can you please give me the reasons why this could be valid? But my one reason is higher high and higher law that is an uptrend and people not sea level. There is a 0.386 something like that which is a very relative. Our shop. Copilot Analyzing the image: Privacy blur hides faces from Copilot Sent by Copilot: Your analysis highlights some key technical indicators that suggest a potential uptrend in crude oil prices. Let’s break down the reasons why your analysis could be valid: Higher Highs and Higher Lows (HH and HL): As you mentioned, the chart shows a series of higher highs and higher lows, which is a classic sign of an uptrend. This pattern indicates that buyers are consistently pushing the price higher, and each pullback is met with stronger buying interest. Consolidation Zone: The blue box on your chart represents a consolidation zone where the price has been ranging. This often acts as a base for the next move. If the price breaks out of this zone upwards, it could signal the continuation of the uptrend. Fibonacci Retracement Level (0.386): The 0.386 level you mentioned likely refers to a Fibonacci retracement level. These levels are used to identify potential support and resistance areas. A bounce from this level can indicate strong support and a potential reversal point. Support Levels: The green zone on your chart suggests a strong support area. If the price respects this support, it reinforces the bullish outlook. Market Sentiment: If market sentiment remains positive and there are no significant negative news events, the uptrend could continue. Factors such as geopolitical stability, economic growth, and supply-demand dynamics will play a crucial role.Longby roberto_us30Published 1
Crude Oil IdeaFollow up on a very old OIL idea from 2021 OIL completed 5 waves up from the COVID lows until the $130 highs, now appears to be in a multi year correction. There is bullish divergence on MACD and TSI on 1W chart indicating possible trend change. I think this is possibly C wave up to $100 (1:1 extension) or $115 (1.618 extension). A break above $130 would indicate the multi year correction was completed at the $64 lows, something like below: by Joseph_KingPublished 3