Perfect entry point from technical point of view, I suggested this trade before too. You should target $71 and $74 as TPS. The market will tighten in the second half of 2023 partly due to ongoing OPEC+ supply cuts and Saudi Arabia's voluntary reduction for July. The combination of robust demand reduced exports, and a larger-than-expected drawdown in inventories...
MCX:CRUDEOILM1! trading near resistance and 50% fibonacci retracement level. may come downwards if made a reversal successfully between 59010-5880. Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment...
On the news side, the IEA monthly report on Friday was released. The International Energy Agency said in its monthly report on Friday that world oil demand will grow to 2 million barrels per day in 2023; on the supply side, OPEC+ production cuts may lead to supply shortages in the second half of the year, which also restricts the decline in oil prices to a certain...
MCX:CRUDEOIL1! broke down a major support zone and now that support zone acting as a major resistance zone . upcoming strong support zone 4705-4200. upcoming trend will be sideways to downtrend. Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed...
Just a near term play here on the anticipated, transitory USD weakness. The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.) Fundamentally, Russian oil companies have already figured out - and are using...
This is part 3 on crude oil. In this video, I go over the daily cycles and some statistics for the month of November. Let me know your thoughts on what you see playing out in November for crude oil.
The idea here is about Crude Oil Swing Trade: I am bullish on short term for crude oil due to the below observed technical factors. 1. Support established on a daily chart at the point of falling wedge as per below: 2. Deep Crab Harmonic pattern completed on a daily chart as per below: 3. Leonardo Harmonic pattern completed on a weekly chart as per...
Here is my view for WTIUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
In the crude oil we have strong level of resistance where price close on friday and sort of rejecting from 84.87 level and we also have 200 ema at 87.91 so this zone is very strong and oil need high volume to break this area and after this we have a strong trend line resistance to upside and price rejecting multiple time from this level also so i am looking...
Wticousd More downside I m expecting bearish move and .long term sell trend .H4 market break the demand zone and gave the supply zone .so we will sell from supply zone
Here is my view for WTIUSD on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This setup taught by my awesome teacher, a legendary trader from Malaysia, Mansor Sapari. But man, to get this setup, you need to have a very very strong patience. Of course this setup is not my only setup to trade. In order to get a complete setup: Must have -fakeout -compression -cap price zone -support resistance -supply zone -resistance become...
Here is my view for WTIUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD/Crude Oil on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Crude oil has broke the channel and gave a good retrace. So hopefully the trend seems to be in the long side. Do your own analysis and take the right entry.
Long crude opportunity seen. Entry: 8045 SL: around 7910
So the recovery will determine whether the market to more long or its going to remain in the same bearish trend. So kindly plan accordingly as per your analysis.
Most probably the trend seems to be bearish as the weekly channel has broken and the retest is going to finish its high. So plan your trades wisely. Thank You.