Looks to me like oil is set for a 3 wave correction. With the OPEC+ talks on output and the future of the cartel in question...volatility will likely remain high. Yet if this is a 3 wave correction...we should see a good support around $72.15 to go long.
Jul 2 July 1st as per astrology it s highly pressure date for crude oil , so keep july 1st high low very important predicted on 02.07.2021 Thanks & Regards K Sureshkumar
What a lovely day this is, what a fantastic thing Technical Analysis is. Yes, we took profit perfectly today on what was a rather easy and predictable trade. The price dropped minutes later from resistance to support and off from support bouncing back up at the moment. What is important to understand now is the fundamentals. Oil price surge triggers new...
DVN stock is showing a bearish performance lately after breaking out a bearish formation (bearish symmetrical triangle) on the daily timeframe, yet the breakout is not confirmed. With the technical indicators supporting the breakout confirmation, prices may fall hitting $25.70 and $24.15 consecutively.
Have you seen that huuuge red candle on WTI? No doubt, the price reached a key monthly structure, and bears started to push. In order to catch a swing move, keep monitoring a rising parallel channel. For now, its support is the last resort for buyers to buy from. Being broken, it will trigger a strong bearish move. Next supports will be: 72.0 70.0 Remember,...
WTICO/USD: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
we are seeing 3 years high on WTI, I was excited to see it keep going up, but.... I want it to be health... pull back was needed, so this is my trading plan.
Trend trading the constant rallying in West Texas oil, indicators showing a long opportunity with the S/L and T/P based on x1.25 the 14-day ATR. If oil reaches 77 per barrel, this may be the first time in years that it has reached such a level. Fundamentals to consider: - Economies are opening back up, therefore driving demand for oil, up, due to the low...
Tuesday, 6 July 2021 22:35 PM (WIB) Crazy movement by the Bears on Crude Oil, made me cut loss. But still in preparation for second round purchase order. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
Reasons to be bullish based on technicals as shown on the chart: Bounce off of EMA 200 at the end of April Strong accumulation trend shown on CMF 20 As of July 6, lingering in oversold territory on the RSI histogram Relative volume on an uptrend Reasons to be bullish based on fundamentals: Crude oil’s recent resurgence Recent insider buying...
AS CHART
Tuesday, 6 July 2021 19:23 PM (WIB) Preparing strategies for purchase order on Crude Oil with several spot orders. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
USDWTI H4 - Extending higher with clear fresh highs set. Looking for a pullback to repeat what we have marked up and executed over the last few weeks, demand is still there, price is still on the rally. Simply looking to buy the dips effectively. Hard to predict TP targets, typically we use the previous breakout high, but it's not always quantifiable, and with...
If we see Crude crossing $76.50, we are looking at $80 as the next stop. By reading simple trend and resistance lines in this chart giving more bullish signals. Some predicting $100 as the ultimate target but I'm skeptical on that price point considering all macro economical factors. What do you guys think will be the next stop, UP or Down or Consolidation?
WTICO/USD: • If price pushes up to and ideally just above our outer structure upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply impulses back down below the upper rayline of our...
Technical analysis of WTI CRUDE OIL The US WTI oil price shows a dynamic long-term upward trend. The last relevant follow-up buy signal in the medium term was generated by the listing at the beginning of June with the bullish dissolution of several weeks of sideways consolidation. Most recently, differences within the OPEC + alliance acted as an informational...
Hello Traders! Check related ideas for market context! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...