Crude oil market analysis Crude oil up and down the string is very strong, the idea is still a big shock, today pay attention to the 71.00-74.30 shock range, we find meat in this range, the shock market can be on, the important waiting for a good position, crude oil weekly line shows that it is building a bottom, short-term difficult to end such shocks, crude oil...
On the 1H chart the Crude oil is forming a potential Inverse Head and Shoulders. What is more important about it is that it's happening after a retest of a bigger symmetrical triangle. I am leaving the link toward the 4H oil analysis so that you can see the bigger picture:
For the few years there has been a close correlation between the US Dollar Index, US Treasury Yields, US Oil, and The Volatility Index, as of right now all are forming similar accumulation patterns, with the DXY, and Oil both sitting at the PCZ of a potential Bullish 5-0 at the 50% Retrace after breaking above its trend and the US10 Year yield sitting at the 61.8...
The fundamentals for oil to be over $100 USD per barrel are in place; oil inventory reports are getting lower, and what happened today between Israel and Iran could potentially push oil to $120 USD. There is a bull flag with a breakout there!.
International crude oil futures rose 1% last Friday. Although they rose, they could not erase last week's decline. Last month, OPEC and its allies pledged to cut production by 2.2 million barrels per day in the first quarter of 2024. After oil prices surged sharply last Friday (January 12), they gave back all their gains, which means that short sellers may make...
Oil fell below the important support range of 71.7-72 Usoil:sell71.7-72 TP:71.3-71 SL:72.2 Follow the trend and trade, join me and I will continue my analysis
US CRUDE OIL New forecast The price of oil ended last Friday's trading with strong negativity to settle below the 72.90 level, which places the price under the expected negative pressure in the immediate term, pushing the price to achieve negative targets starting at 71.00, and by breaking it, it will extend far to the 69.15 areas. Therefore, a bearish bias...
Our overview: Jitter due to the Red Sea tension persist. CoT released Friday "net long positions" report, showing an increasing long positions in futures and decreasing in options by the "non commercial". This could suggest that the market could be close to an upward movement of the price. Waiting for market mover data and news. Trends analysis:...
Strong Red TrapZone and Red UMVD for Oil futures, We are going down even further.
I'm closely monitoring the oil market, adopting a cautious stance as I await a compelling catalyst to drive oil prices upward. A potential factor on my radar is the increasing involvement of the UK and the US in the tensions between Israel and Palestine. If this geopolitical situation intensifies and draws in Iran to support Palestine, it could contribute to a...
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Oil has risen amid fears of potential supply disruptions amid recent criticism of Yemen's Houthi rebels over a UN resolution on Red Sea navigation Usoil:buy73.6-74.05 TP:74.5-75 Now that it has broken through the recent range, follow the trend in the short term. Join me and I will continue to analyze how to trade
ased 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...
#GBPAUD Prediction Hey team hope you all are enjoying our ideas and analysis of. Now we are here to discuss about GBPAUD. GBPAUD has completed the retesting period. Now this is at a strong resistance level. Here we can see good downtrend again. In this drop we can see gain upto 500Pips+. When market will open we will update further with Proper Chart TP and SL.
My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 74.00 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' csellonvergence. Goal - 72.71 About Used Indicators: The pivot point itself is...
😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective move is filled POi, now impulsive is starting 🟢 Inducement: Done 🟢 Pull Back: 1st and deep 🟢 Internal Structure: Bearish 🟢 Ext OB: Mitigated 🟢 Supply, Distribution, Rejection: Trendline broke, trend line Breakout/CIP done 🟢...
You can see clearly the up trend in oil. I want to take entry from demand zone in chart
In the upcoming week, our attention turns to USOIL as we contemplate a buying opportunity around the 71.80 zone. To form a well-rounded perspective, it's crucial to consider both fundamental and technical aspects. From a fundamental standpoint, the recent dynamics in the oil market warrant careful consideration. Geopolitical tensions, supply and demand...