The price has now reached a support level and has been corrected. The price is expected to pass through this resistance zone and reach the specified range.
Short for Brent. Please keep R&MM if trading. Good luck.
Preferred direction: SELL Comment : Before the publication of inflation data in the US , the Canadian dollar also has the prospect of strengthening. Scenario №1 , which we gave in the previous trading idea for this instrument, is already active. However, given the economic calendar today, scenario №2 is also actively being considered. The target for the...
In the daily timeframe, we have a strong impulse wave, after which we had a price correction. We are witnessing the failure of the reform process. In the 4-hour time frame, the price can break the specified resistance level, we expect the price to grow to the specified range as the first target.
Hi all, been away for a while now. really had to take a step back and rethink my whole take on this market and especially the oil market. Cant figure out where the market had to go and why it did not respond to all the news and macros in the market. But here is my take on where the oil prices have to go for the next couple of weeks/months. I have the following...
One thing appears to be rather obvious: crude's rally has fizzled out: Oil - Bulls Will Be Totally Annihilated And that's bad news for bulls. If crude's rally has fizzled, can natural gas counter rally? Well, natty hasn't done much all year. One of the reasons is probably that the world, which is controlled by the Communist Party, wants to SaVe ThE WoRlD...
In the one-hour timeframe, the price has reached a support range. We have to wait for the news results. If the news is positive, this level will be broken.Which is likely to be the case.
Multiple time frame analysis for Crude Oil. Daily/4h time frames analysis. Price action, key levels. Bullish outlook explained. ❤️Please, support my work with like, thank you!❤️
Preferred direction: SELL Comment: At the end of this week, another one of the most promising currencies as a strengthening against the US dollar is the Canadian dollar . Here, the Canadian dollar is provided with additional support by rising oil prices. The main target for the fall is located at the level of 1.34000 , and most likely we will continue...
Preferred direction: BUY Comment: For this currency pair, we continue to insist on a medium-term long with a target at the level of 0.65848. Scenario №1 is in the works, but we are not taking scenario №2 off the table, since this is where the local minimum may still be updated. Among the majors, the most confident pairs for growth now are, of course, ...
In the daily time frame, the price is in the ascending channel. By examining the lower time frames, we see that the price reacted well to the bottom of the channel. Therefore, the expectation of price growth to the specified range is not unexpected.
Preferred direction: SELL Comment: In addition to the euro and pound , the priority for selling the US dollar also applies to other majors . In this case, we will analyze USDCAD . In the medium and short term, the instrument is looking down quite confidently; we do not rule out a potential small rollback upward, but the main mood is, of course, bearish....
📊 Due to the price approaching the supply range of $79.0 and the downward momentum of the price movement, if the range of 78.0 units is broken and the price stabilizes below it, the price may fall to the range of 76.6 🎯and in the case of the strength of the range of 74.0 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 81.0 units.
NYMEX: Micro Crude Oil ( NYMEX:MCL1! ) The price of a commodity is determined by its supply and demand. But in the case of crude oil, which is the lifeblood of the global economy, geopolitical risk carries a bigger impact. Examples in present time: In February 2022, the Russia-Ukraine conflict sent crude oil up 72% to $124 a barrel. In October 2023, the...
Crude Oil is currently testing a solid rising trend line on a daily. I see a double bottom formation on that on an hourly time frame with multiple rejections and a peculiar gap up. The price may bounce. Goals: 73.27 / 74.16 ❤️Please, support my work with like, thank you!❤️
Preferred direction: BUY Comment: The setup for long the Canadian dollar has changed a little, but as you can see, the direction is still in favor of the buyer. Limit purchases will most likely show themselves soon. Most likely, you will have to hold the deal until the Fed meeting, and also possibly until non-farm. The main growth target is the level of ...
Crude Oil is taking off from a major horizontal daily support. As a confirmation, I spotted a tiny horizontal range with a confirmed neckline violation on that. We can expect a pullback before the OPEC meeting today. Goal - 77.0 ❤️Please, support my work with like, thank you!❤️
Oil’s Tug-of-War: Iran Tensions vs. Evergrande On Wednesday, WTI crude futures dropped below $77 per barrel, undoing a 1.4% increase from the prior session, all while the U.S. readies itself to address a lethal attack on its troops in the Middle East. Perhaps traders are concerned more about the liquidation of China Evergrande, raising worries about the...