hello everyone... the price reach the main resistance area as well reached the resistance downtrend line...price will likely pull back to support area... with today news of crude oil show high number of oil inventories. based on fundamental and technical, we should see some pull back for now... good luck
Oil is up 22.30% (1,566 PIPS) from our supply zone, which was posted live for you all. Oil currently sitting at 6 month high📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Oil prices are up 22.30% (1,566 PIPS) from our green supply zone, which was posted live for you all. Oil currently sitting at 6 month high📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Light Crude Oil Futures (CL): NYMEX:CL1! As mentioned in our morning briefing, oil is currently extremely interesting, partly due to increasing tensions in the Middle East and the destruction of oil reserves there as well as in Russia. Consequently, oil prices have surged significantly. We are currently at a level of $85, but we still consider it quite likely...
✅CRUDE OIL is retesting a key resistance level of 85.95$ So I think that the price will make a pullback And go down to retest the demand level below at 84.63$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
On the weekly continuation chart a WXY correction ended last week and we got a bullish engulfing candle. There are three wave moves to the downside and upside which means it is now struggling to create a clear five wave moves, but it is still pushed upwards. This can form an ending diagonal pattern, but is not finished yet, at least one abc to the upside is needed.
Here is my latest structure analysis and important key levels to watch on WTI Crude Oil. Resistance 1: 85.20 - 85.85 area Resistance 2: 89.10 - 89.90 area Resistance 3: 93.75 - 95.00 area Support 1: 82.50 - 83.10 area Support 2: 80.00 - 80.60 area Support 3: 76.80 - 77.80 area Support 4: 75.50 - 76.20 area Consider these structures for pullback/breakout...
Hi, 1PERCENT here. Today I am sharing a chart that I drew a few years ago. Contrary to crypto where we have fast movements of 30% intraday, Bonds, commodities, inflation rates, etc. are "slow movers"... but only in peaceful times. So patience is required for investors who focus on the forest. You were correct, but 10 years early. Now is your time to...
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
Technical Analysis: Incorporate key trading indicators such as the double line resistance breakout, pullback support, and demand zone analysis to assess price movements in the US Oil market. Identify channels and trendlines to spot potential breakout or breakdown points, confirming with volume and momentum indicators like relative strength index (RSI) and moving...
Technical analysis using Harmonic patttern, Finding Point D using Extension Fibonacci Numbers. If the price hit entry, Risk 27 or 80 profit.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Crude oil market analysis Crude oil we have been insisting on bullish, whether it is the daily line or short-term 1H is a rising trend, yesterday back to 80.50 to complete the support of the back step, today the bulls will continue to impact the suppression of 82.40, crude oil in this wave of repair did not change the direction of the cycle, back step is the...
Big short. make some money. approx 40% retracement possible
The WTI light crude oil benchmark is currently navigating a complex landscape, trading around $83.50 amidst a convergence of factors influencing its trajectory. At present, the market finds itself within a critical juncture, characterized by the interplay of supply dynamics, geopolitical tensions, and currency movements. Recent market movements have seen WTI...
Crudeoil above 6900 may see near 7000 Above 7000 it may see 7200 Overall trend is upside on 1 hour time frame This chart is only for educational purpose
Oil prices are up 15.76% (1100 PIPS) from our green supply zone, which was posted live for you all. Oil position still running in profit for our bigger Gold Fund investors📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!!!