i see inverse W pattern on oil,WTI on big TF for next weeks i mean. and we are on bullish momentum now.
The decline in crude since March channels perfectly. This is either a pullback before another leg higher or a more drawn out consolidation (favored view). In any case, 102 looks like the next stop. 90.50-92 is support. -Jamie
95 reached overnight. Now the question is - do we reject here? or do we consolidate these recent gains? Bulls want to see consolidation here for a day or two to build energy for the next target - 104. Bears want to see this level be the last stop on this counter trend rally and a swift rejection today. I'm expecting more upside with the 4 hr bullish divergence,...
Oil is in a short-term uptrend. Expected at the support 92 level, there is a chance that the price will rebound. Waiting to buy the red zone >> GooD Luck 😊
Macroeconomic Overview Hello dear friends, There is a notable increase in oil prices. I mentioned in previous articles that I expect a rise. The reasons for the rise stem from the problems experienced in the supply (production) field. Oil prices are very much affected by global politics. When We Examine the Usoil Chart on a Weekly Term $105-$115 levels are...
Macroeconomic Overview Hello dear friends, There is a notable increase in oil prices. I mentioned in previous articles that I expect a rise. The reasons for the rise stem from the problems experienced in the supply (production) field. Oil prices are very much affected by global politics. When We Examine the Usoil Chart in the Daily Term The price seems to have...
The WTI Crude Oil (USOIL) has been trading within a structured Channel Down pattern since the March 08 market High, following the immense growth after the COVID 2020 demand crisis. We have covered the Higher Lows zones since the November 02 2020 Low (green circle) and the March 23 2021 Low (blue circle) extensively over the past months on the higher time-frames,...
Macroeconomic Overview Hello dear friends, There is a significant rise in oil prices. I mentioned in previous articles that I expect a rise. The reasons for the rise stem from the problems experienced in the field of supply (production). Oil prices are very much affected by global politics. When We Examine the Usoil Chart on a Monthly Term We see that the price...
Wednesday 24 August 2022 19:33 PM (WIB) This is the first time for price stood above the MA200. And after 7 months period, the price exited the downtrend. I could confirm it from the MACD volumes that let the red volumes be just one. That's might be a strong signal for the end of the downtrend period. Now, I need to find correctly with minimum risk to enter the...
The decline from 08th march to date has been corrective in nature. If the was done at $85.709 bottom then growth is expected to target range of $146.198 and $156.490 per barrel which is forecasted by the reverse Fibonacci of the completed correction. The analysis is valid as long as prices stay above the $85.709 price level
Tech side: 1. WTI crossed its 200 DMA by 4h. 2. It broke its strong double resistance. Fund side: 3. Russian crisis. 4. Winter makes pressure on oil production.
Good afternoon everyone, Watch for oil bullish formation developing. Wait for small flags after the break of $95 area. Potential for prices to test de psychological level of resistance at @$100. Then, I am revisiting the pattern though a strong breakout and retest should lead prices to test the upper bound of the corrective (blue) channel. Wish you all the...
Recently had a bounce off $85 support and have developed and broken out of what looks like a falling wedge pattern. Looks like a good setup to try for further upside on oil.
Classic reversal signals are firing for oil but it likely won't reach all-time highs anytime soon, as there is enough evidence that inflation has peaked.
Good Morning Trader's ,, How Are You Today ? Let's Explain Together "USOIL" Chart And Reasons To BUY From This Area ! 1- What Is The Trend For USOIL ? Now ,, It's In Down Trend ,, We Have Break Out Trend Line And Channel And Wait To Break Out Resistance Area To Enter Buy 2- Why We Will BUY From This Area ? Trend Line Break Out - Channel Break Out - Gann...
Wednesday, 24 August 2022 13:44 PM (WIB) The situation in the Crude Oil movement has changed. With Bullish taking control right now since the price exited from the downtrend box. And standing above MA200 in a 4-hour time frame, and still moving up at the top Resistance. I closed my order at $93.97 because the price is still possible to move and break out from...
XTI/USD Phrase about the reduction in production, taken out of context of speech of OPEC Secretary General Haitham al-Ghais, failed to bring the price out of dangerous zone of 85.00-87.50. There are no serious factors for a reversal upward. Speculators continue to lose interest in oil. So the market intends to go down to at least zone 80.