It has already touched the resistance and has not been able to break it, and it is likely that the price will fall and return to further support from breaking the resistance because there is a death cross in the stock RSI indicator. If we see another attempt to break the resistance and succeed, it is likely to climb to its nearest peak In general, the price is...
Looking for this move here guys. But also this price ABCE is currently at could be a good entry with downside risk to .034c I doubt that level doesn't hold up. Crude oil will stay above $60 for this year IMO and all OTC oil stock should do well IMO.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Oil is consolidating on 57$ to 61$ region for the last days, not much is happening but opportunity's are everywhere. First of all what is consolidation ? Consolidation is generally market indecisiveness, which ends when the asset's price moves above or below the trading...
what do you all think? share your opinoins with me please
Hello everyone, if you like the idea, do not forget to support with a like and follow. Oil price broke the lower trend line of the ascending channel, for the moment i am looking for a retest of the broken trend line as we found support at 59$ and the indicators showing strength to the upside. As market moves i will updating this post stay tuned. Thank you...
Oil Short Setup 🔵 Entry: $67.20 🟢 TP & RR: $64.54 (1.96) ⛔ Stop Loss: $68.56 Trade Reasons: ✔️ Gap to fill ✔️ Overbought level ✔️ Market Structure
daily three key reversal bars dictating downside side correction. these bars are early indication for trend reversal. use sell limit by 53.30 with 54.30 stop loss. target may set 50.90 & 50.10. take two positions by dividing half risk each, one for first target, second for second take profit.
Since the beginning of January there has been a strong bullish momentum, reaching almost a price of 54.00. Looking at the 1h Chart we can see how a double top has formed and buyers failed to break above previous high. Market is currently in a correction phase, a good buy opportunity can be at the retest of support level: 51.50 otherwise if the price manages to...
expecting more upside on oil prices.(both wti & brent)
Considering it's Friday today, I decided to post a general analysis on Oil as opposed to a specific entry-target-stop loss idea as I usually do. I refrain from keeping positions over the weekend as a lot can happen and I don't want to be overexposed. So, if it's not a setup that I feel very confident about, I rarely open trades on Friday. With that being said,...
oil prices maybe on the road for another bottom in 2021. ATH possible in 5 years possible due to massive demands followed by a robust economic recovery .
As shown on the chart, candlesticks patterns confirm on a 'daily' timeframe how Crude Oil is a buy. We can see that the respected level has finally being broken and with a continuous bullish candlestick. Patience will be needed at this point as the market tends to retrace to test that exact price level where it broke our resistance level to turn it into a...
looking for something like this by EOY guys. I think we r in for a dip back to .17c B4 another leg higher tho.
Us Oil Forecast And Analysis 11,13 November 2020 : will going down
It is possible to see the uptrend of the OIL reaching the next level above 43, probably after a short consolidation
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions