Rebound to resistance level, sell first, tp 79.1
Hello everyone, WTI Oil 4H NEW FORECAST The price has breached the resistance zone and continues its upward trajectory, aiming to reach 80.40 . We anticipate a minor correction to 79.60 before the price ascends further towards 80.40 , and potentially beyond to 81.03. Conversely, a consolidation below the levels of 79.60 could indicate a downward movement...
I've been very reluctant to publish any idea's this week intra day, as I believe we are in retracement from the amount we sold off recently. The 4hr wick CE is the point of interest I have where price respected I am aiming for the 15min SSL to be broken and a setup form this CME open.... Lets wait and see...
Recently, oil prices have fallen to a certain extent due to multiple factors. This article will delve into the main factors affecting oil prices, including increases in crude oil inventories, + policy expectations, and the impact of geopolitical events on the market. From a technical point of view, it is still in a volatile decline, and the rebound is still...
The US crude oil benchmark is currently trading around $79.50 on Friday, marking a continued decline from its recent peak of $88.00. This downward trend is attributed to several factors, including rising crude inventories in the United States and diminishing expectations for interest rate cuts from the US Federal Reserve (Fed). The Fed's decision to maintain...
So I don't take too much of my time on the weekend trying to figure out where price is going to go as price isnt even active. So barring any exponential moves Sunday open I am still bearish and have : Monthly Wick CE and target 1 Weekly SSL as target 2 Pre CME open I will re analyse where the market is and publish further forecast for the day.
Hello everyone, WTI Oil 4H NEW FORECAST Analysis of performance and expectations for upcoming trades Continuing negative trading towards the 76.00 level, waiting for a break of 77.65 Expectations of the negative impact of the double top pattern and the 50 moving average It is necessary to breach the 79.60 level to stop the corrective wave and begin recovery...
Again an opportunity to expect oil to rise. The exchange rate rebounds from the support-resistance level.
Hello everyone, WTI Oil 4H NEW FORECAST Oil price fluctuates positively, approaching testing the pivotal resistance 79.60. The price needs to remain below this level for the bearish corrective trend to remain effective. Breaking 79.60 represents the key to starting recovery attempts and achieving gains up to 81.50 initially. Moving average 50 supports the...
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Hello everyone, Oil 4H NEW FORECAST Oil price trading below 79.60 keeps the bearish corrective scenario active. Targeting 77.65 as the next target, as it represents the 61.8% Fibonacci level of the previous high. The effect of the previously completed double top pattern on the price of oil. Exceeding the 79.60 level and holding above it may stop the downward...
Hello Traders In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET today XTIUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Israel retaliated against Iran overnight, which saw the price of WTI crude oil jump nearly 4.5% before giving up some of its gains. Per media reports, three large explosions were heard in the country's south, and the U.S. official announced Israel successfully hit some of the targets, something Iran was quick to deny. Without regard for damages, it is already...
Wednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown. A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped. I am staying bearish and...
Hello everyone, WTI Oil 4H NEW FORECAST The price of oil begins today's trading with noticeable negativity, breaking the 83.90 level and settling below it, heading towards a new bearish correction during the coming sessions, targeting the 82.88 areas as the next main stop. Therefore, a bearish bias will be likely for today unless the 83.90 level is breached and...
1 Week after the beggining of conflict between Israel and Iran in the middle east, Crude Oil is down 3.66%. Price began trending down all week and then on Thursday there was news of a bombing by Israel which caused a spike in Oil(3.5). This whole move was corrected and we are back to being down on the week. This opposes what I believed may play out this week as my...
Dear Oil Robbers/Traders, This is our master plan to Heist Bullish side of OIL Barrels based on Thief Trading style Analysis. My dear Robbers U can enter at the any point above my entered area, Our target is Dangerous Red Zone its Strong Resistance Zone. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be...
Daily Target met post NY open and Crude oil news. Drop mic. Just imagine you had the skill or someone to guide you where price is going? You have the model... you just need direction.. we all struggle at one point on the bias esp intra day which needs a trader to be dynamic in his/her thoughts even when price is going against them intra day. Daily/Weekly are...