Uk Oil good support return to around $100. oil can hold support, so return to $100 as FED hold interest rate un change.
Pivot 76.90 Our preference Short positions below 76.90 with targets at 75.10 & 74.70 in extension. Alternative scenario Above 76.90 look for further upside with 77.60 & 78.20 as targets. Comment As long as 76.90 is resistance, likely decline to 75.10. Supports and resistances 78.20 77.60 76.90 75.81 Last 75.10 74.70 74.00 Number of asterisks...
Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
In the four-hour time frame, due to the slowing down of the upward movement momentum of the price and the decrease in the strength of the buying pressure, if the range of 79.0 units is broken downwards and the price leaves the upward trend, there is a possibility of the price falling to the range of 77.7 and in the case of the strength of the range of 76.0...
Recent trend in the oil price has turned bullish and I'm looking for a continuation of that bullish momentum. Looking for price to test 61.8% fib level and previous demand zone. Will look for consolidation and signs the short term bearish move has come to an end to enter a long position.
Looking for a break and hold above the descending wedge and take a long for a 2-1 risk ratio.
After the holidays, looks like Oil is taking a dip. Taking a quick scalp down to the $79 range
Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events: → the S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the idea that the decline on Wednesday, September 20, was in the nature of a correction. Santa and his rally do...
#Brent crude oil - H1 📣 Based on the chart structure in the 1-hour timeframe, with the breakout of the resistance-turned-support level zone around 76.93, it is possible to initiate a sell position with a target of 73.80. ⛔ Stop Loss: 79.40 On the other hand, with the break of the range at 79.40, a price growth towards the range of 82.20 can be anticipated. ⛔...
Pivot 80.10 Our preference Long positions above 80.10 with targets at 81.70 & 82.50 in extension. Alternative scenario Below 80.10 look for further downside with 79.60 & 78.80 as targets. Comment The RSI is above its neutrality area at 50%. Supports and resistances 83.20 82.50 81.70 80.97 Last 80.10 79.60 78.80 Number of asterisks represents the...
Price broke last high once again and is still pushing for new highs. expect some sort of reversion by thursday to then clear last high and make a new one.
If crude closes the current monthly candle above $80.50 it will be party time for the Bulls. - Monthly MACD (Bearish) - Monthly Pekipek's Divergence BETA (Bearish) - Monthly RSI (Bearish)
brent oil will be rise to 86 dollars per barrell in the next month and after that it will fluctuate between 72 and 84 dollars.
Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a...
Pivot 79.30 Our preference Long positions above 79.30 with targets at 80.60 & 81.40 in extension. Alternative scenario Below 79.30 look for further downside with 78.65 & 78.10 as targets. Comment The RSI shows upside momentum. Supports and resistances 82.20 81.40 80.60 80.25 Last 79.30 78.65 78.10 Number of asterisks represents the strength of...
Looking for a short down to the $78-$77. seeing a nice rejection and we are in a supply area.
Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $73.46 (Min) and $81.51 (Max). Contended Price Levels $78.10 - $81.60 High Volume Node & Resistance line - potential resistance $76.00 Resistance Line - potential resistance $73.46 Support Line - potential support Technical Analysis Fibonacci...