In my opinion the zone is highly liquid and pretty safe to trade because a lot of orders, stops and lots of liquidity will be already collected. Share your view in the comments! RBR = Rally Base Rally LQP = Liquidity Pool
Hello,Traders! CRUDE OIL broke a strong Key horizontal level of 79.61$ And the breakout is confirmed So we are now bullish biased And I will be expecting A further bullish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅CRUDE OIL is going up to retest a horizontal resistance of 79.63$ Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 77.50$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
📉 Breaking News: BRN Crude Oil Faces Bearish Pressure Amidst Global Uncertainty Interest Rate Concerns: Federal Reserve Governor Christopher Waller’s recent comments hinting at delayed interest rate cuts have raised concerns about sluggish economic growth. As a result, oil demand is expected to be curbed, impacting BRN crude prices Pipeline Shortage in Canada:...
Hello,Traders! CRUDE OIL has formed a Bearish wedge pattern And is now trying to Make a bearish breakout So we are bearish baised And IF the breakout is confirmed Then we can go short Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
HI Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. The way I told you, you have to trade like this and you will have...
✅CRUDE OIL will soon retest a key resistance level of 79.50$ So I think that the pair will make a pullback And go down to retest the demand level below at 77.14$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Good evening and i hope you are well. wti crude oil bull case: Amazing day by the bulls. They broke strongly out of the bear flag and made the market always in long on the daily so i expect follow through to 78 or higher. bear case: Bears see this as a trading range and they want the market to form a lower high below 78. After such a strong move on the...
Overview on daily timeframe (same analysis of the previous one, with more details)
After tensions escalation i'd say that crude oil is definitely bullish at least to 84.5 $/barrel. Then we'll see.
WTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported....
The American Petroleum Institute's latest report indicates a significant draw in U.S. oil inventories – a larger-than-expected decrease of 5.2 million barrels. But what does this mean for the market? This drop in inventories typically signals a tightening supply, which, in theory, should push oil prices up. However, the data also showed an increase in gasoline...
Hello,Traders! CRUDE OIL is trading in a Downtrend below the falling Resistance and as the price Is now retesting the resistance I think that we will see A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
We've all seen how oil reacted to the beginning of the Israeli-Palestinian conflict. I am sure that this conflict will not settle down quickly and will only increase. The conflict will involve other players in the region - Emen is proof of this fact. How will oil react to this? The suspension of supplies and other problems with oil supplies will provoke demand...
✅CRUDE OIL will be retesting a support level of 72.00$ soon From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The recent rise and fall of crude oil, as a whole is a big shock, although it is an upward trend, but not so clear, yesterday's daily line is very unexpected unexpectedly closed the negative line, the rise is not coherent, such a market we understand as shock, today's thinking of shock more treatment, today's crude oil attention yesterday back to the low point is...
Hello,Traders! CRUDE OIL broke the falling Resistance line and the Breakout is confirmed So I am now bullish biased And I think that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
WTI will complete a Death Cross pattern on the 1d time frame. This will be its second since September 02 2022. That pattern initiated a strong decline which was a bearish leg inside a Channel Down pattern. Oil is again trading inside a Channel Down since Sep 28 2023 and the Death Cross can be the sell call for the final leg to the 63.70 Support. We expect at...