CRUDE OIL (WTI): Time For Pullback
WTI Oil may pull back from a recently broken
daily structure resistance that turned into a support now.
As a confirmation, I see a double bottom pattern on an hourly time frame.
I think that the price can bounce to 79.25 level.
❤️Please, support my work with like, thank you!❤️
Brentoil
WEEKLY FOREX FORECAST AUG 12-16th: USD INDICES GOLD SILVER OILThis is Part 1 of the Weekly Forex Forecast AUG 12-16th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
BRENT - UniverseMetta - Analysis#BRENT - UniverseMetta - Analysis
The price of B1 may begin to form a rebound from the border of the triangle, which may indicate the beginning of growth, globally to the update levels of the upper border, if we consider the level from which the price gave a rebound, we can reach 85.935. If we consider H4, we can wait for the formation of a 3-wave structure to continue the upward movement. To cancel, it is better to consider fixing it outside the border or breaking it, since the fall may continue.
Target 81.76 - 85.935
CRUDE OIL (WTI): Waiting For Breakout
WTI Crude Oil is currently testing a key daily structure support.
Trading in a bearish trend, the price has a high potential to violate that.
Next week, wait for a bearish breakout of an underlined green area.
A daily candle close below that will confirm a violation.
A bearish continuation will be expected at least to 72.9 level then.
❤️Please, support my work with like, thank you!❤️
Brent Crude Oil Shooort!Based on the previous analysis I had done, it seems that this commodity might test the lower trend line of the pennant pattern.
Considering that it is consolidating as for now, a sell entry position can be entered at around 80.80, when the price breaks out,
Let us wait as for now to gain more clarity.
CRUDE OIL (WTI) Bearish Trend Continues
WTI Crude Oil formed a classic bearish reversal pattern
on a daily time frame - a head & shoulders pattern.
Bearish violation of its neckline is an important bearish signal.
I think that the market may reach 77.9 level next week.
❤️Please, support my work with like, thank you!❤️
BRENT - UniverseMetta - Analysis#BRENT - UniverseMetta - Analysis
On D1, you can consider a potential retest of the trend line, which can indicate a local trend change. You can consider a 3-wave structure with little risk for a downward movement trade. If this scenario begins to be realized globally, the targets can be considered at the level of 76.73 - 70.10. Entry by market or from levels 84.30. Stop for the 2nd wave.
Target 83.25 - 76.60
WTI Crude Oil Bearish Heist Plan to make moneyMy Dear Robbers / Traders,
This is our master plan to Heist WTI Crude Oil Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CRUDE OIL (WTI): Your Trading Plan For Next Week
Crude Oil is consolidating after a strong bullish wave.
The price is stuck within a narrow range on a daily.
To buy the market with a confirmation,
wait for a bullish breakout of the resistance of the range.
A daily candle close above 82.0 will confirm the violation.
A bullish continuation will be expected to 83.5 level then.
❤️Please, support my work with like, thank you!❤️
Saudi Arabia delivers a major blow to the dollar!Oil prices have shown steady growth from $76 to $85 per barrel of Brent crude (#BRENT) since the beginning of June. This rise is driven by seasonal factors: high consumer activity during the summer driving season, increased demand from the transportation sector, and higher electricity consumption for air conditioning.
However, a more significant development in the oil market is the expiration of the 50-year-old Security Agreement between Saudi Arabia and the USA, signed in 1974, and Riyadh's refusal to renew it.
The agreement facilitated economic cooperation and military needs between the two nations, stabilizing the situation after the crises of the 1970s. The US benefited from oil at favorable prices, while Saudi Arabia gained a technological ally and wealth. Crucially, this agreement mandated that Saudi Arabia sell its oil exclusively for dollars, a restriction that no longer applies. This system greatly strengthened the dollar's position as the dominant global reserve currency by creating worldwide demand for dollars directly tied to oil transactions. Many have called this the "deal of the century."
Abandoning the petrodollar system could, in the long run, weaken the dollar's influence and impact US financial markets, reducing Washington's ability to accumulate national debt and profit from exports. Countries like China, Russia, Iran, and India are increasingly settling trades in their national currencies. By 2023, already 20% of global oil was being purchased without using the dollar. Now, Saudi Arabia can sell oil for any currencies or assets, including the yuan, gold, and even cryptocurrencies, which could significantly boost the value of these assets over time.
FreshForex analysts recommend closely monitoring changes in settlement schemes in the energy markets. Trading instruments like Bitcoin (BTCUSD), Gold (XAUUSD), and the US Dollar to Chinese Yuan (USDCNH) might become very profitable investments in the future .
Invest ahead of the curve!
A technical view on the Crude market - what happens next?Taking a short-term view, the oil market feels delicately poised and what happens over the next 24-48 hours could be very telling for the near-term passage of play.
After a near 14% rally from the 4 June lows, which took price through the May range highs of $80.91, and after a huge bullish position adjustment in both Brent and WTI futures, we’ve seen price pull back to test this former breakout point – if crude now kicks higher, confirming the bulls are happy to support, it would suggest the bulls have a platform to take this back above $82.16 (21 June high) for a possible trend higher, where pullbacks should be shallow and a move into $84.87, even $86.00/20 would be our targeted play.
Conversely, a failure to hold $80.91 would suggest a change in the market structure and alter the skew in the distribution to one where we see higher probabilities of a move back towards $78.50, even $76.00
CRUDE OIL (WTI): Time For Pullback
As I predicted yesterday, WTI Crude Oil bounced and reached a key daily resistance.
After the test of the underlined blue structure, the market started to consolidate
and formed a head and shoulders pattern on an hourly time frame.
Bearish breakout of its neckline is a strong bearish signal.
It indicates that the market may retrace from the resistance.
Goals: 80.0 / 79.6
❤️Please, support my work with like, thank you!❤️
Brent, It's Been Real Bruh - The Last Brent Chart You'll NeedThe macro formation of Brent's chart paints a potential dismal long term picture. Considering scientific estimations that the earth will run out of oil near 2050, maybe its not so farfetched after all?
My previous oil charts with macro bullish outlook should be considered null.
BRENT. Weekly trading levels 10.06.2024 - 14.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
----------------------------------------------
I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
USOIL PULLBACK BEFORE ANOTHER DIP#USOIL As predicted last time, we observed a significant drop following the breakout identified in the bullish channel. Currently, we see consolidation, a bearish impulse, and now a pullback. We anticipate another downward movement once the current bullish impulse concludes. This is expected to retest the recent lows near the major demand zone previously highlighted.
CRUDE OIL (WTI): Time to Sell?!
WTI Crude Oil is testing a recently broken horizontal support.
After a violation, it turned into a potentially strong resistance.
Approaching the underlined area, the price formed a head and shoulders pattern
on an hourly time frame.
A breakout of its horizontal neckline is a strong intraday bearish confirmation for us.
We can expect a bearish continuation now.
Goals 74.9 / 74.3
❤️Please, support my work with like, thank you!❤️
CRUDE OIL (WTI): Your Trading Plan For Next Week
WTI Crude Oil is trading in a bearish trend on a daily.
For the entire month of May, the market is consolidating within a horizontal range.
I believe that a bearish trend will continue after a violation of the support of the range.
I am waiting for its breakout to sell the market.
A daily candle close below 75.5 will confirm a violation.
A bearish wave will be anticipated at least to 72.5 level then.
❤️Please, support my work with like, thank you!❤️
CRUDE OIL (WTI): Is That a Bull Trap?!
Crude Oil may drop after a potential bullish trap:
we see a bullish inducement and a violation of a key horizontal resistance,
followed by a strong bearish imbalance.
I think that the market may drop at least to 78.8 level.
❤️Please, support my work with like, thank you!❤️