hey guys,
Crude oil reached a current structure high yesterday.
Bears started to push during the US session but were immediately rejected on 4H.
it looks like bulls are preparing for a continuation.
next week pay attention to 39.9 - 40.5 structure resistance area.
if bulls manage to break and close above that then we...
hey guys,
two weeks long consolidation on wti.
the price was trading within a narrow horizontal range bouncing from 31.5 support and respecting 34.4 resistance.
Friday's price action was different.
it was the first time when the price set a higher low after testing the support of the range.
and then, during the US...
These are Support & Resistance levels for Crudeoil on 30M time frame.
Significant Volume & Price Action can be seen in these levels. These levels should be kept in mind while Going for Short or Long. These levels will be helpful to Crudeoil trader & Should be used with their own Strategy.
Thank You
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I will begin WTI CrudeOil ZeroMarket Chart Analysis for May 12th .
30 minute chart / Neutral strategy.
Check the blue route and long position entry timing / price.
When the red parallel line...
hey guys,
I noticed this falling trendline on 4H and daily chart and it looks like currently, it provides the strongest resistance for the crude price.
from the 20th of February each touch of the trendline led to a strong wave to the downside and this time we may see the same thing.
next week pay attention to 19.0 -...
hey guys,
potential harmonic bat pattern is forming on WTI.
what I like about this pattern is that its D point is lying perfectly on the current structure low = strong support.
our buy zone is between 19.2 - 20.3
from this area, we will expect a pullback to at least 23.0 / 25.3 levels
safest stop: 18.15
p.s harmonic...
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
I will begin WTI CrudeOil ZeroMarket Chart Analysis for March 17th .
WTI Crude oil 30 minutes chart.
All major index have similar positions.
It is in the middle of uptrend and downtrend.
A Blue...
hey guys,
good day!!!
I have received very lovely comments after yesterday's post on gold
and many of you asked me to clarify the picture on WTI.
The first thing to consider is that we haven't seen a pullback for more than 1 month!
Slowly but surely bulls are still keeping pushing the market forward.
Yesterday the...
after a retracement from the resistance line of the channel,
bears are approaching a strong zone of demand. (54.0 - 55.0)
During this month the tendency remains bullish ,
for this reason, I believe that we will see a bullish continuation to higher levels of structure.
Target levels are 56.3 & 58.0
stop should be...
Short-term consolidation is underway, with Crude Oil prices currently balanced around the USD47.20, (61.8%) Fibonacci retracement.
However downside risks remain in force as bearish weekly studies deepen.
Further weakness is looked for, with a break below the USD47.01 low of 22 March opening up the USD45.28, (76.4%) retracement. Still lower is the USD44.82 low of...
Crude Oil prices have begun their anticipated corrective pullback.
Prices have broken below the USD50.71 congestion base and reached the USD48.35, (23.6%) Fibonacci retracement of the 2016-2017 rally. Falling momentum studies and the bearish Tension Indicator (not shown) anticipate still deeper reactions towards the USD47.18, (61.8%) Fibonacci retracement of the...
All of 2017 is in 4 trading wings.
We are about to go from bottom wing to the 2ND one.
RSI developed a strong positive rally and every time he dose we have a strong clime.
MA 50 is there to support just before the breach.
