26/02/22 FORECAST FOR WEEK 1 MARCH 2022 = NO CLEAR CALL COMBINED FORECAST FOR MARCH 2022 = BULL (with an initial bearish start) DAYS WEEK 4 OF FEB FORECAST = BEAR = INACCURATE PROBABILITY FOR WEEK 1 MARCH = NO CLEAR CALL POSSIBLE This week was fairly neutral, until Thursday when a significant shooting star formed. The volume towered over all previous volumes,...
Good Afternoon Traders, WTI weekly chart seems to be forming the same price action between January 2018 and October 2018. RSI chart losing momentum while price getting new highs. Price should pass Oct 2021 highs to lose momentum and get in the range between $50-65. I decided to watch Crude oil and set up some alerts regarding its price action. I will...
Hey traders, Contemplating this bullish rally on WTI, here are the major key level to watch for pullbacks. 77.0 - is the structure resistance that went broken this week. Now it turned into a support 91.0 is a minor monthly/weekly resistance. The price may retrace from that. 107.0 - 115.0 is a major monthly resistance cluster. A strong bearish reaction will...
Oil prices have rebounded strongly over the last couple of weeks, with WTI coming within a whisker of $70 before profit-taking kicked in. The pullback today was short-lived and after falling close to $67 it recovered the bulk of the losses to trade in between two key technical levels. Above, $70 is an important psychological barrier that coincides with the...
Oil has stayed within this long term trend channel since June of 2020. Today's -3% move placed WTI at the bottom of this trend channel $64.20 If we don't get a reversal here...I don't see another good support until $62.
Hey traders, I received a lot of questions about WTI Oil. Analyzing a daily time frame, since 77.0 level - current year's high was reached, the market started a nice correction cycle. Trading in a local bearish trend from the beginning of July, the price managed to form multiple bearish impulses setting lower lows and lower highs. From 20th of July though...
CRUDE OIL is trading in a kind of a massive wedge And now oil is falling down to retest the rising support and trendline around 68.00-69.00$ From the Support line expecting a local pullback With the final target being the horizontal resistance above around 71.00 $! Today is NON=Farm Payrolls and traders can see big movements. If the OIl breaks the support on 68.00...
so you losted all your munz, so what? it cud always be worser. this is important history lessn for pro traders from a vetern who livd through the histori of stuff ok so let me educ8 u, this happen a long time ago, i tink around... april 2020? ya peepo was looky looky at da oils cuz da oils was droppa it was $2 buckarinos or sumtin and dey though: "hey i kno is...
Oil prices have been tearing higher since the start of November, rising more than 40% to return to far healthier levels. The rally has started to slow though and with so much good news - vaccines, OPEC+ deal, US stimulus deal (almost) - now priced in, I wonder whether we're about to see a bit of a corrective move. WTI has trended higher nicely, following the...
See signal history below. NOT ADVICE. DYOR.
As shown in the chart Crude Short to Medium Term the trend is lower. Only sustain trading above $45 negate the downtrend.
As we can see we have a clear formation of the bearish cypher, we can enter a good short position with the shown TP
Trend is still up dont look to short infact try to buy lower there is no short untill this trendline breaks - even that would be corrective oil can make a flat here and continue going up
Oil just broke the 4H MA200 which hasn't been touched since May 3rd. The chart is close to turning oversold (RSI = 29.01, MACD = -0.170, ADX = 32.681) so it is natural to see some buying now, especially as the Higher Low trend-line of the June Channel Up was almost touched (the dashed Channel). If it holds, we expect 42.00 - 42.50. If it breaks, we will halt...
WTI Crude Oil is trading within a Channel Up on the 4H chart (RSI = 36.632, MACD = 0.170, ADX = 31.347). The MACD turned flat and as you see on the chart that has been a signal of a top formation on three previous occasions. In two of them the price dropped a little more than -11% and on the other around -15.50%. The Symmetrical Support zone that held on three...
WTI Oil reached a key daily/4h structure. The price has been surely retraced from the underlined support violating 1H minor structure resistance. Based on that the price may keep growing today. Targets based on recent structure levels: 37.0 38.0