Wait for signal confirmation, but there is a current reversal on 618 level and possible breakout out of the descending triangle/wedge we're on
USOIL mitigated a strong supply zone. Swept liquidity and created sell side liquidity. Will price break the current uptrend or will the bulls see it as a "third touch" and get in and drive price higher? Only time will tell. Will update as time goes on, stay tuned! Good Luck. God Bless!
USDWTI H4 We are almost reaching the end of this trading setup, eventual target was, or is... $84.50/barrel. This ties in nicely with our D1 S/R zone as indicated on the video analysis above. Interested to see where we go from here.
Today the market released US Building Permits data as mentioned yesterday (Actual: 1.674M Forecast: 1.650M Previous:1.696M), this showed a bullish sentiment in relation to the expected data, but in regards to the previous data from June this data was bearish for the greenback as the value was less, less building permits means less construction starts and less...
Crude oil was under pressure at the start of the week as bleak economic data from top crude buyer China renewed concerns of a global recession and the market monitored talks on a reviving deal that would allow more Iranian oil exports. The early weakness was compounded after disappointing Chinese economic data renewed concerns of a global recession that would be...
as anticipated so price reaching our POI so lets wait a pattern to buy it more
Oil following a Nice pattern. Will it break the pattern any time soon?
Check out the trade plan for USOIL today based on the technical analysis. Hit the thumbs up if you like the content.
Will the oil price nowdays is the peak? Oil price seem retreated from the high. Despite of the high inflation rate across continent, however relentless development on altenative energy, electric cars demand increasingly will reduce the oil demand as well. Just my 2cent
I believe this is more than possible. If it possible or your idea comment below.
following the squiggly for now as guessed keen on seeing if this reaches 81 and the reaction from there. for now red line next imo flip white line . flip long and chill
TVC:USOIL 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴 ⚠️ Important Notes: 1. Follow your risk management rules. 2. Timeframes: up to 1D
I am taking Short position in XTIUSD on the basis of LL and LH, Candlestick Patterns, Chart Patterns and Divergence.
Ignoring that crazy day when crude went negative, WTI is at major decision point Expecting a bounce here. trying calls might be the way to go given we are trading against immediate trend
Wednesday, 17 August 2022 00:56 AM (WIB) As I said in my previous, The Evening Star Doji at the top of Resistance can not be underestimated in the Weekly time frame. Now the price breaks down the lowest support uptrend channel lines. The chart shows for Crude Oil is still possible to drop down into the MA200 Weekly. And the Stochastic lines show the difference...
Hello Traders! Just my perspective on the oil market. Looking for buys to be the sponsorship within the monthly bullish order block
An almost 2 years upward trend has broken and retested. The market is following similar parallels to the 2008-2009 Market Crash. Should we be worried? Is the global economy about to collapse?
wave analysis trend break out distribution price action