Crude has built the base for a wave (C) to complete circle wave 2. Expect to see a sharp move up to 92-96 zone in Brent. Wouldn't recommend taking longs afterwards.
It looks like WTI Crude Oil is forming an ascending triangle formation on a daily time frame that signifies a bullish accumulation. To confirm a bullish continuation, monitor the neckline of the pattern. If the price breaks and closes above 74.3 that will confirm the strength of bulls. A bullish continuation will be expected to 76.6 level then. ❤️Please,...
Crude oil: gaining on lower inventories While the broader macro conditions remained complex as hawkish Fed speak and debt ceiling deadlock weighed, crude oil prices managed to inch higher and start the week on a positive note after heavy selling both in paper and physical market over the last few weeks. Supply side news remain mixed with Russian exports...
Over all trend is bearish on the weekly, but we expect a buy before the move down
Oil prices have remained under pressure over the past month, with Brent crude falling 13.6% amid recession fears in the US and weaker-than-expected economic data out of China. Still-elevated Russian exports and the sizable inventory build at the start of this year due to a milder winter in the Northern Hemisphere have also played a role. We now see the Brent...
WTI Crude Oil is stuck between 2 solid structures. Depending on the reaction of the price to these structures, I see 2 potential scenarios. Bullish Scenario. If the price breaks and closes above 74.3 resistance on a daily, a bullish continuation will be expected to 76.57 level. Bearish Scenario. If the market drops and closes below 69.4 support, a bearish...
Here is my latest structure analysis for USOIL. Support 1: 63.6 - 64.5 area Resistance 1: 73.88 - 74.3 area Resistance 2: 76.5 - 77.0 area Resistance 3: 78.6 - 79.9 area Resistance 4: 83.17 - 83.5 area Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
WTI Crude Oil has recently reached a key horizontal resistance. Testing that, the price formed a head and shoulders pattern. Its neckline was broken yesterday. The price is currently retesting that. I believe that selling volumes are currently accumulating. Probabilities are high that we will see a bearish move soon. Goals will be: 69.87 / 68.11 ❤️Please,...
Here is my fresh structure analysis for WTI Crude Oil for this week. Resistance 1: 73.88 - 74.3 area Resistance 2: 76.56 - 77.10 area Resistance 3: 78.60 - 79.85 area Resistance 4: 83.2 - 83.5 area Support 1: 67.90 - 68.05 area Support 2: 64.4 - 66.9 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
I don't do a lot of short-term work, but a small scalp in oil with good risk
Here are the key levels that I spotted on WTI Crude Oil. Resistance 1: 76.6 - 77.0 area Resistance 2: 78.6 - 79.9 area Resistance 3: 83.2 - 83.5 area Support 1: 69.8 - 71.6 area Support 2: 64.4 - 66.9 area Consider these structures for pullback/breakout trading this week. ❤️Please, support my work with like, thank you!❤️
Possible Reversal H&S. We except higher prices as we analyzed before. Have a look at our previous analysis, link below👇
Analysis of Brent Long Terms chart Daily Good Luck Everyone
Price is hovering above a key support zone at 77.80 on the H4 timeframe. A break below this zone, which is in line with the 78.6% Fibonacci extension level, could provide the bearish acceleration for a further throwback to the next support zone at 72.80, which coincides with the 78.6% Fibonacci retracement. Price is holding below the 20 EMA and Ichimoku cloud,...
#WTI 4h time frame 🔥 ⭕ This is just an analysis. If you feel it helps you and this analysis is correct, you can enter the trade at your own discretion with the appropriate volume and SL.
A bullish close after today's trading will provide more confirmation. however, price has tested the support level at 77 for the past 4 days and bulls keep sending price high every time bears brought the price low... N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for...
Here are the key levels to watch on WTI Crude Oil this week. Resistance 1: 79.0 - 79.85 area Resistance 2: 83.17 - 83.5 area Support 1: 75.5 - 75.8 area The market is in an attempt to fill the gap. I am bearish biased and expect the gap to be filled. ❤️Please, support my work with like, thank you!❤️
Instruments : WTI Possible direction : Bullish Technical Analysis : Early this month WTI opened with big gap up and signaling possible trend change. After long consolidation, WTI filled the gap and currently bouncing off the support level. It is highly likely that WTI may change trend and continue to uprise. A bullish trade is high probable. Possible trade...