if the market breaks the resistance of the rectangle it will rise or , if it breaks the support of rectangle the market will go down .
So if you have a suggestion or advice, leave it in the comments And if you like my analysis, break the Like button
Crude oil lost almost 10% from the 26th of August.
clearly, 43.5 is our new key daily structure and currently, it is the closest strong resistance.
the closest support is quite far.
34.4 - 36.2 is the first strong support based on this year's price action.
the next support is lying within 27.1 - 28.7 also based on this...
Hi oil in an upward sloping direction
When it breaks the orange resistance with a large size, the price of oil will rise, and when it is not able to break it, it will drop to test the blue resistance . When it breaks it with a large size, oil will witness a large drop towards the red resistance .
But I think it will rise for me to break the orange...
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
Hello,
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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...
