110? This fall I am also reading articles saying we are running out of our oil reserves which will decrease supply for higher demand coming. Russia is a wild card.
Hello Traders!
We can see Oil has been a strong uptrend for a few months.
Now we have witness oil trend bearish for a couple months.
We do have that last down closed candle where price expanded away.
This could be a point point where price will seek internal liquidity to expand to external liquidity.
Returning back to a point where buying was sponsored can...
Thursday, 11 August 2022
06:31 AM (WIB)
It has been 4 times chart price hit the lowest lines and until now still can not to break down. Even the price created A bullish tower that hit the 50 days of moving averages. So the result is: Sellers try to use this momentum in short term periodically, and Buyers use this momentum also in short term. And the price is...
hello traders
a new update of usoil one hour chart is here as a technical view but as fundamental view
fed rate hikes tend to drive down demand. And its worries about lower demand that are weighing on crude oil prices. However, the selling pressure is likely to be limited because the supply outlook is still tight. The key support area on the September WTI crude...
This morning with my students, we discussed WTI Oil.
The price is trading within a wide horizontal trading range on an hourly time frame.
Approaching its resistance, the price formed a double top formation.
Its neckline breakout confirms a highly probable bearish continuation.
Goals:
88.7 / 87.8
❤️If you have any questions, please, ask me in the comment...
OS Oil is in the monthly demand zone, so it has a chance to rebound to the weekly supply zone to make at least a weekly correction. So join the short-term uptrend following the daily correction trend line.
The overall trend is the monthly correction process of the downtrend, and the bottom can be tested again after the weekly correction process is over.
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We get confirmation from lower time frame. Yesterday's rally I didn't sell oil.
M30 of oil now is indicating bearish for sell oil. Kijun cross tenkan downward. Future kumo is brarish kumo. Macd bearish. And chikou is currntly running below the kumo.
Pay attention to the 2 tp zones I defined. Trade well and wisely.
short postion, we want a trade market generated information, we don't want trade biases we don't want trade randomness random number, market does two things, the market is the distribution system that seeks out value and it goes to value to value from high value to lower value it gona do so in a form of being balanced or equal and imbalanced unfair right and when...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about USOIL. USOIL is making falling Wedge Pattern and it has maximum Chances that after breaking this level we can see price around 110.
Before entry We will wait for further confirmation from fundamentals. Keep in touch we will update further soon
