Upon examining the WTI (West Texas Intermediate) crude oil chart, we observe a robust bullish trend, accompanied by a retracement to the 78.6% Fibonacci level. This significant pullback warrants attention, as price action appears poised for a deeper correction. In our analysis, we consider historical price swings, taking into account seasonality patterns from...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Oil prices did not advance beyond the surge to the $81.20 level, which came on the back of the announcement that the world’s largest oil producers will collude to cut a further 1.7 million barrels from the daily output. The inability of prices to go any higher could not be unconnected to some of the larger economic worries in the market. Hence, throughout the...
The OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day hereby bringing the total volume of cuts by OPEC+ members to 3.66 million bpd according to Reuters calculations - a whopping 3.7% of the global oil demand. The latest reductions have a strong potential of lifting oil prices to new highs. In this video, we...
Following the reversal of Covid-19 policy — the Chinese manufacturing sector posted its biggest improvement in more than a decade last month, service/activity is climbing and the housing market is stabilizing. Economists speculate that the reopening may see Chinese oil consumption hit a record high this year and It was indeed a positive week for the oil commodity...
This is a follow-up video to last week's analysis as we were able to scoop over 1,200 pips profit (see link below for reference purposes). Thursday's data showed that U.S. CPI inflation eased in December 2022 and this data appears to be firing a bullish momentum as risk appetite for the Oil appears to have been bolstered. Last week's trading session witnessed a...
The prices of US Oil witnessed an unstable swing in 2022; climbing on tight supplies amid the war in Ukraine, then rapidly sliding during the later part of the year on weaker demand from top importer - China and worries of an economic contraction, but closed the year on Friday with a second straight annual gain a little above the $80 (as against $75 in 2021). This...
Taking a look at WTI from a multi time frame perspective. In the video we discuss key levels of support and resistance, the trend, price gaps and a possible short opportunity. As always everything explained in the video in detail, not financial advice.
XtiUsd WtiUsd UsOil Next Week Idea #WtiUsd #XtiUsd #UsOil
What up DOG? I dunno, What up with you? Yes and which DOG is up? Dollar OIL Gold. All in play for their own reasons. War on the Horizon or not, there are other factors contributing to confilcting momentum. Trust yourself and remeber it's all in the timing, tuning out distractions, and staying in touch with the momentum. Where's the heft? The harumpf? ...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Crude oil has traded into major resistance, it's fairly overextended and we could be looking at a possible trend reversal or at least more consolidation and a decent retrace in my opinion. I'm looking at building shorts around 57-58 with the aim of taking 2/3 of my position off the table fairly early and leaving a third of my position to run to see if we gain some...
Where is OIL WTI headed next? Our previous tradingview analysis on OIL has offered us and our followers a highly profitable low risk swing trade. Watch the video to learn more about the next trade we will be taking in this market. If you'd like to learn a trading approach with edge that will help you be consistently profitable, make sure you give us a 'like'...
Hello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Take a look at our previous Oil ideas and how precisely the levels have been working for us. If you want analysis on other assets you can feel free to contact us. FXPROFESSOR
Hi Traders, here is the full UPDATED Analysis / Breakdown for WTI / USOIL. HIT THAT LIKE AND FOLLOW BUTTON! A like & a Follow or comment is a Free way to Show your support! Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2 .Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for...
Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. Jus follow the video for the update on short trade setup! Analysis: USOIL showed up some continued growth up to the resistance level held at $27 to $28 price level. Now the price showing up some...
Hello guys, please support this work by the LIKE WTI/USD has broken the trend line and now it's great time to take a short. Take a look at the chart for further details. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same...