WTI Crude Oil keeps falling. After a completion of a correctional movement, the market dropped again and violated a key horizontal support. After a breakout, the price formed a narrow horizontal range on an hourly time frame. Its support breakout is an important intraday confirmation. We can anticipate a bearish continuation to 67.3 level now. ❤️Please,...
US oil is in the best place for long positions. the target is 78$
Crude Oil dropped yesterday, as I predicted. In fact, the market is trading in a bearish trend on a daily. A breakout of a horizontal support of a wide horizontal range was a strong trend following signal. The next support that I see on a daily is 67.5. It will most likely be the next goal for the sellers. ❤️Please, support my work with like, thank you!❤️
The value area is between 76.5 - 78.5 Be careful about your RISK The target will be 84$
WTI is again in the value area and good for long positions. Manage your risk and set some buy limit in different prices like 70.5 - 71.5 - 72.5 By manage your money wisely you can earn money with out worrying about losing your money. If this area breaks and oil falls more don't panic! Just keep your positions and buy in the lower levels
Oil prices saw a decline due to skepticism about OPEC+'s output cuts and concerns over growing supply overshadowing potential disruptions in the Middle East. U.S. crude settled 1.4% lower at $73.04 a barrel, and Brent dropped 1.1% to $78.03 a barrel. Despite announcements of output cuts, the lack of confidence in compliance and doubts about measurement methods...
Brent crude oil looks to have made the 1st leg lower in a new long term downtrend Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
WTI Crude Oil is consolidating within a range on a daily since the beginning of November. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 80.85 - the upper boundary of the range, I will anticipate a growth to 82.50. Bearish Scenario In case of a breakout of 72.20...
Oil prices surged during the latest OPEC+ meeting discussions, showcasing a 1.2% rise in U.S. crude futures at $78.77 per barrel and a 1.1% climb in Brent crude to $83.78 per barrel. The market buzzed with expectations of deeper output cuts, despite existing pledges from OPEC+ members to cut global oil output by about 5 million barrels per day. The delay in the...
Oil Brent D1 - The price has formed a triangular formation, which may mean that if it fixes beyond the lower line of the triangle border, the price may continue to fall further along the trend and further reduce the price to the levels of 70.19 When fixing behind the upper trend line, the price may reverse and begin to rise, since a 3-wave structure may...
BRENT can break its downtrend line and if break, we can enter a LONG trade with targets of 84, 88, and 90
As We Talked in The Previous Analysis: The USOIL Price Broke a Strong Support Level (75.55 - 73.89). This Support Level Becomes a New Resistance Level. Currently, The Price pull back to Resistance Line, And Failed To Create a New Higher High. ----------- TARGET: 70.50🎯
I am waiting to buy oil in the value area ( 73 - 75 )
UK BRENT OIL New forecast The price of Brent crude futures rose sharply in the past sessions, reaching the top of the descending channel and confirming the continuation of the dominance of the downward trend in the immediate term, paving the way for achieving additional gains starting at 80.00 and extending to 78.87. Therefore the downward scenario will be...
💬 Description : The situation for the Japanese yen is significantly different from other trading instruments. Surprisingly, the yen has a good chance of strengthening against the dollar despite its global strengthening. The growth of the yen is, of course, limited and is currently located at 147.273 . The level of 150.286 acts as quite strong resistance, and it...
Due to the powerful influence that the Brent oil price had on the red cloud It is expected that this chart can surprise us with another upward movement
hello dear traders. based on our chart, we identified a Quasimodo setup on Daily timeframe of Brent Oil. If price reaches our zone, it is worth considering going long on Brent Oil. I'll share updates via new publishings in the future. Cheers.
Preferred direction: SELL Comment: This currency pair is actively pressing towards the support area. Most likely, this obstacle for sellers will be overcome within 1-2 trading weeks. Regarding shorter-term ideas, there will most likely be a slight increase, after which the instrument will enter into a local downward movement. Thank you for like and share your views!