We have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below. I will be waiting for the stock market to actually open...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Sideways 2 📆Monthly: Bullish to corrective mode 3 📅Weekly: a clear bear trend is established with proper lower lows 4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6:...
If we can hold $77.33 for a bit, there's potential of this IHS pattern playing out well. Fundamentals + news events in this market should be observed for such a trade. Not financial advice. DYOR.
WTI Crude Oil made a remarkable rebound yesterday marginally below the 76.30 Support (the Support Zone is now 76.30 - 75.30) and turned the 4H RSI around, approaching the 4H MA50 (yellow line). This is the first Resistance (short term) with the initial target of this late September/October-like rebound being the 1D MA50 (blue line). If then the price breaks above...
This graph is a representation of my point of you of the futures market (USD).
Oil has been consistently declining since its last top, trading in a descending channel with lower highs and lower lows. I've highlighted the key areas of support and resistance for oil to help you see the broader picture. You may take advantage of this if you want to swing trade in the channel.
Oil hit this support more than five times and it respected this support so if we received candle confirmation above the support rectangle (the green one) we can long oil But if it closed under the support wait for retest and then we can go short. Good luck all if you like my idea like it and comment your opinion 🍀💰😊
Oil has to fall if the global fight against inflation needs results. Inflation Reduction Act of 2022 gives us fresh ammo to short the oil. Watch for the downward supports: Support 1 - 85.5 Support 2 - 77
oil is ready to complete terminal as c in last lag of flat in d lag of big triangle buy opportunity in 80-83 dollar for 140 dollar at least
Believing in yourself is one of the most important aspects in trading! So, because of that confidence I will take a short trade on oil soon within the range I specified on the map and my SL will be 105 or 106. Wish me the 👌 best.
oil crude is going to 108 in frame 15 minute
A repeating pattern and strong economic events for the next week shows that oil may sink in the upcoming week or will oil prices continue to rise because of the war in Ukraine?
Price runs up out of a relative low, Buyers step up and try to make a new high and confirm the major reaction Leg. Sellers holding at the high and pullback into a major reaction, buyers step up to the consolidation at the centre of the impulse leg up and make a new high. Buyers try to step up, break outs get washed and pulls back to re-test the minor confirmed...
Crude Oil USOIL seems to be following a very similar pattern Following this Idea, the next two days we'll be waiting for a pull back to 100 level, and then get into another rally. The Question is, Will Crude Oil Stay on pattern? or news and the economic calendar will take it out?
Hi trading view community, hopefully, a great weekend was had by all. Looking at oil on the 4H chart today, we see a few signs that buyers are trying to get the trend going again. First, we can see that 108.49 resistance has started to become support. Price continues to consolidate, but that consolidation continues to form an ascending triangle pattern. (AT...
I have a bullish outlook for oil in the coming days and expect $ 111 to be $ 118 and then $ 127 to be the next oil targets.
So as we know Crude has been pumping passed few months especially last few weeks. Ever since gapping up to 130 about 2 weeks ago we created a head and than A right shoulder and fell down. We do have a gap need to be filled highlighted below. Especially if the rest of the Indices like SP500 and Nasdaq push up Lets see! I had 107p and 105.5 contracts i closed...