Price making a QML, after retracing to its QML area, price dropped to imbalance area then push up to its previous high
Friday was the day that decided if Crude Oil either breaks out from its descending trending line or keeps going down. It did break out but then crashed right back down inside the bear flag, extremely bearish these next weeks will see a lot of pain for commodities. If core inflation goes up in September and brings recession fears then Oil can fall faster and harder...
Texas OIL - Bearish, looking for shirt opportunities. Thanks for watching
Hello traders, Crude oil is in downtrend since it made high of 120 us dollar in mid June. But as we can see that it is falling in a channel, and it has come to support level range of 84-85$ and as we can see in charts that it is forming a flag and pole pattern starting from low made in November 2021 at 66.50 $. As we can also see that it is aslo taking support...
Bullish hammer weekly candle for oil WTI and it bounced off support (long-term trend line and area of confluence where past resistance is now support). You can also see the selling is starting to taper off (lower volume) and the MacD indicator is showing signs of a potential reversal in trend as the selling pressure eases and buyers defend 85.
After wxy correction, it will possible form double bottom pattern with rsi divergence. *NOT A TRADING TIPS. WAVE COUNT MIGHT BE WRONG.
This is actually not a forecast that I would fundamentally agree with, but I just find it very interesting. Perhaps this is a scenario in which inflation levels off over the years and then strikes again with new magnitudes. Like I said, it's just a thought. What are yours?
I remain slightly neutral but still lean towards bearish, if it breaks the top trendline I am simply going to spectate but if it falls below I continues it's trend I will quickly open a short position.
Hello Traders, Seems like Crude oil formed amazing 1:1 (A:C) Corrective pattern as setup for next Bullish Rally. So there could be several more months with prices and gains for miners. Also it could cause increase of Inflation and Electricity prices. I´m staying out of this market, because I really lack experience how to play it (Any advice in comments is...
there will be a big sentiment at the end of the year.
Friday, 19 August 2022 22"18 PM (WIB) Crude Oil shows signs of strength and developing bullish movement exactly at the lowest lines of ascending channel. It is pure rejection to break down this channel and it seems good momentum for the price to move up because between MA50 and MA200 now getting closer. So Crude Oil needs more attention and watches the impact...
Crude Intraday Short. Price retesting the lower low
Usdwti is now Bullish the structure has formed a HH and we could see a uptrend continuation
Price is retracing to an important point of interest for longs in higher timeframes. I'm looking for buys in lower timeframes once it confirms the move to the upside. With or without confirmation, my directional bias is still to the upside for the near future, for the next 12 to 18 months. Price is 100% manipulated, news just accelerate the outcome. Let's see...
Target and stop loss are specified in the chart BLACKBULL:WTI
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
We already break trend line , if crude lose this level then it might retest support