wti crude oil
The chart and my drawn wave outlook is the low probability thesis. More probable is a continuation of the trading range 68-78 or 70-80, whatever price you find more appealing, same outcome.
bull case: Bulls still prevented bears from a strong move down, as they had the last months, after a rally and we are still trading above the daily 20ema. We...
Hello Traders, Base on technical and wave analysis we see this scenario for #UKOIL for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello,Traders!
CRUDE OIL is trading in
An uptrend along the rising
Support and Oil is now about
To retest is so I think that
We will see a local move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
WTI Oil (USOIL) got emphatically rejected yesterday on the 4H MA50 (blue trend-line) and formed another Lower High on the emerging Channel Down. The price is now approaching the 4H MA200 (orange trend-line) on an additional sell signal as the 4H MACD just completed a Bearish Cross, the first since the one that started this correction at the top on August 10.
As a...
Hello,Traders!
CRUDE OIL is trading in an
Uptrend in a rising wedge
And the price broke the
Key resistance of 82.8$ which
Reinforces our bullish bias
And makes me think that
Oil will keep growing
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
For Tuesday, the 81.49 - 81.71 area can contain selling through the balance of the year, above which 86.54 remains a 2 - 3 week target, 102.96 attainable by the end of the year.
Upside Tuesday, 84.17 can contain session strength, while closing above 84.17 indicates 86.54 within several days, able to contain weekly buying pressures and the point to settle...
For Tuesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 73.40 is likely by the end of August, 62.14 attainable over the next 3 - 5 months.
On the other hand, closing today above 82.42 signals 84.48 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy...
A two-sided framework continues through summer between 62.14 long-term support, and 81.61 long-term resistance, both regions able to contain seasonal activity.
Upside, 81.61 can contain buying into later year, once tested 62.14 attainable over the following 3 - 5 months, where the market can bottom out on a seasonal basis.
On the other hand, a weekly...
For Wednesday, 76.00 can contain intraday buying pressures, below which 73.19 is attainable intraday, able to contain selling through the balance of the week and the region to settle below for then indicating 68.25 longer-term support within 1 - 2 more weeks.
Upside Wednesday, pushing/opening above 76.00 allows 77.46 - 77.72 intraday, able to contain weekly...
A two-sided framework continues through summer between 62.14 long-term support, and 81.85 long-term resistance, both regions able to contain seasonal activity.
Inside of this wide range 77.70 and 67.08 can both contain weekly activity, possibly into August trade.
Closing below 67.08 indicates 62.14 within several weeks, able to contain selling into...
For Thursday, the 72.41 - 72.84 area can contain selling through the balance of the week, above which the 77.56 formation is likely by the end of next week or sooner, able to contain weekly buying pressures - possibly through the balance of July.
A daily settlement above 77.56 indicates the more significant 81.97 long-term resistance level within 1 - 2 more...
✅CRUDE OIL made a bullish
Breakout of the key level
Of 74.69$ so I think that
It will go further up now
LONG🚀
✅Like and subscribe to never miss a new idea!✅
I do not have a good explanation of what has happened in crude and have to fall back to the previously outlined expanding diagonal scenario. This is weak, however, because it is supposed to be rare.
If it proves to be the case the price will take off with acceleration and the move up will be a 3 wave move like illustrated.
Hello,Traders!
USOIL is about to retest
A local resistance level of
74$ and from where a local
Pullback is to be expected
So I think that the price
Will soon hit the rising support
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
WTI remains firmer for the second consecutive week even if the intraday buyers retreat during early Friday morning in Europe. That said, the black gold slides to $80.95 while paring the daily gains by the press time.
In doing so, the energy benchmark takes clues from the recent stabilization of the US Dollar, as well as hawkish comments from the Federal Reserve...
In this update we review the recent price action in the Crude Oil futures contract and identify the next high probability trading opportunity and price objectives to target
After Saudi Arabia denied a report that it was discussing an increase in oil supply with OPEC and its allies, there are now reports that they will promise additional measures to ensure oil market stability.
Saudi and Iraqi energy ministers have been reported saying that there is an importance of working within the OPEC+ framework. as a consequence, oil rose in...
Is there some value in oil longs here, we can see we are trading just below the fair value range highlighted by the VP, price has contracted and broken the fixed VP, we could look to take some longs back to a fairer price here.
