Prospects for oil prices, to a greater extent, would add up to their growth or at least consolidation in the range of ~ $ 78–82. Deficit reduction is progressing more slowly than planned. The oil market is still in deficit, but not as before in view of the beginning of a small, but still consistent, softening of quotas by OPEC +. The decision by OPEC and its...
And so, quite well recently, the Ruble has won back positions against the US dollar. It's high time for upward correction. The instrument is expected to move up to the level of 72.68. Some resistance is located at 72.265. Additional pressure on the Ruble would come from the expected downtrend movement in oil in the short term. Remember, there is no place for luck...
Hi In this wave analysis, would love to share that 5.(i).(3.3) looks completed as in larger degree Crude has upside move towards 90 to 108. Current fall looks like Wave A is completed in 5.(i).(3.4.a) as fall looks impulsive & tested high again in no time looks impulsive & wave 4 always time consuming....as of now I won't suggest to enter in long position...
As crude prices passed its 2014 highs, we are not done seeing the oil market go higher as holidays come in people are expect to travel more for the holidays increasing demand causes to price to increase.
Expecting gas prices to increase throuout Dec 3. Prices will raise due to the holidays while everyone will be tryning travel. Gods Speed...
Hello my beauties. I think USD/CAD is in a phase of distribution, right before a powerful markdown. Check my previous analysis, we had predicted the moves that happened and we were expecting a retest of resistance before melting further down below the red line, that defines the trading range, according to the Wyckoff schematics of distribution. If you find this...
This is one of the indicator I use for projecting oil prices. I think oil prices are likely to collapse back down to $20 or lower in the next down turn.
This is one of the most powerful bullish crude oil pattern I have seen in years. 💪 🔥 The 3 Monthly chart is showing some serious bullish pattern which could drive oil price to $100 or even more. Even the monthly chart has shown uniform activity on the RSI 61.8 and going to test the Hot zone of the RSI. What does this mean in General? World Financial market...
Oil is trading in an uptrend channel which started from $62.047. The elliott wave analysis shows us that we are in subminuette wave i of minuette wave v. If this plays out, then we should expect a retracement to subminuette wave ii from which we can go long to subminuette wave iii. NOTE: Not a recommendation. Just an opinion.
This is no prediction just me marking oil up and wondering what could happen next in this financial landmine, this has a history of some beautiful pull backs but where to enter is questionable for me and even to see reversal happening in real time will be the challenge, being patient on the higher time frame will be my overall end game and zooming in to the lower...
We are on the edge of credit bubble bursting into flames lol. All this is going to be deflationary environment NOT inflation. You can't have inflation without credit. I believe we are on the edge of commodities meltdown cause by THE GREAT RESET of the world's credit system. Not the kind of reset everyone is expecting which is inflationary. This is going to be The...
Potential double top pattern at resistance, wait until next week for rejection.
The Crude oil made a spectacular recovery after bouncing of a black sheep on the 4 hour timeframe. I now spotted two bullish trend hikes. First on the H4 and the other on the W1. These serve as a confirmation and I will now place a buy stop right above our Daily structure resistance or place a buy limit on the retest and take profit on our weekly structure resistance.
It looks like we will finally break through this strong resistance, as ADX is showing a possible beginning move.
Friday, 8 October 2021 22:44 PM (WIB) Crude Oil shows demand for increasing price higher from current resistance. And it could be seen from support and resistance. So, I doubt the price will fall below the Monthly support. I will prepare for another purchase order at my Liquidity Zone. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
Risk 1% and aiming for 10% on this trade. No indicators used. Pure price action. Like to keep my chart clean. Simply trading structure, nothing else!! All trades closed on the same day. Entries are taken on 1 min chart. Stop loss is moved to cost after structure break. Don't chase the trades, wait for the next opportunity. Also, please view price action on 1 min...
Today USOIL reached our short-term price target of 77.50 USD. Because of that we would like to update our thoughts on WTI oil. We continue to be bullish and we expect price to continue its rise. We would like to change medium-term price target of 80 USD to short-term price target. We would also like to set new medium-term price target to 82 USD. Our long-term...
Market down for chat pattern bear pattern on 15min candle chart I think market goes down for 3 to 6 point this is my only opinion and yours