CL naughty dev 3 poke through and bearish bat short.. also rsi14 div (red circle) 67 then 64 targets
Is WTI going to suffer the same fate as Natural Gas ? Endearingly referred to as Natty ? Well the good ship Natty got REKT last week. The long side which was overcrowded, overleveraged caught the "to da moon" bagholders off guard . Stunned whilst spitting out the kool aid they were seen gasping for air when the dead cat bounce rocked the boat ., Natty...
Technical Analysis: - Crude Oil(CL) is still doing a ((W)) ((X)) ((Y)) correction structure in Daily Chart - We present two possible Paths - For Path 1 in Black with 65% probability. We expect that the correction will be completed at around HKEX:53 -56 where the smart buyers can appear - For Path 2 in Blue with 35% probability, We expect that the correction...
If I'm right (a big IF) USOIL may rally significantly in the coming weeks. Between 77-76 is the buy area. Under 76 and things could get ugly quickly, but the mid time frame rsi is telling me that is probably not going to happen. I'm looking for support in this area and a move up to 90 in the coming weeks. Good luck!
Technical Analysis: - Crude Oil(CL) is doing a ((W)) ((X)) ((Y)) correction structure in Daily Chart - We expect that the correction will be completed at around HKEX:50 -55 where the smart buyers will appear - In short term, It's doing wave ((X)) in black once it's done we can forecast the entry area more precisely - H1 & H4 right side are turning up ...
INTRADAY ELLIOTT WAVE ANALYSIS CRUDE OIL HOURLY CHART double three pattern for wave 4. Expecting wave 4 to terminate near trendline support. Invalidation must hold for this idea.
CRUDE OIL HOURLY CHART Current structure showing that wave 4 is in play. Based on guideline of alternation within impulse wave, we are expecting a shallow/sideway movement for wave 4 and the reasonable target for wave 4 to end is at 38% golden ratio. Invalidation level must hold for this idea. TRADING IDEA: Stay away for now and wait for wave 5 trading setup to...
The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. The west is not excited by the price development and we can expect an answer to keep the black gold in a reasonable range. Mid-70s is working well to reduce inflation and keep the economy running, that's why a logical move is...
My take on crude oil monthly wave structure. Working on the idea of classic motive pattern to the upside to complete wave I of (V). What do you think?
As you see in the chart, we expect more downsize in Crud Oil(CL) and we like to buy medium term wave II in red to around $50 where we expect that the smart buyers will arrive. Please be patient for more some days in order to do a good long term buy. Next week we'll update this forecast.
Potential to see $50 if price continues to the downside channel support zone
Now the situation that fundamentally pressures the price of oil , it is the sale prices of oil from Russia, and this is a trigger for the market, for a further decline. Now we are moving in a range of 83-69, breaking through the upper level will mean for me, reaching the liquidity zone, collecting stop losses and continuing the move down Best regards EXCAVO
With the confirmation of the price above this level of 77.67, we will go up to the level of 80.55, and if this level is broken, we can reach our monthly level again, which is the range of 82.60. The next prediction is that if we reach the range of 80.55, we will have the possibility of returning the price to the level of 77.67
Shorted OIL alongside trend continuation. Keep R&MM if trading. Good luck.
Cycle from 12.9.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 12.9.2022 low, wave 1 ended at 82.64 and pullback in wave 2 ended at 72.31. Internal subdivision of wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 79.45 and rally in wave (ii) ended at 82.48. Oil then extends lower in wave (iii)...
hello freinds this chart we shows that this market will know an uptrend on next hours when i recommend buying with a fort probability good luk
WTI is gathering stops above the range Looking for CPI volatility (Dollar higher ?) to provide excuse to hit stops and drop lower Daily imbalance in the current range as (first ?) downside target (75.00)