Crude oil has reached the August highs again, pushed by productions cuts by OPEC countries and weaker dollar. Markets are now awaiting further cues on the US economy and potential interest rate moves. I think it is time for a small retracement in the price, this rally has to end for a day or two, potentially reaching 61.8 Fibonacci retracement traced back from...
For Thursday, the 67.08 level can contain weekly selling pressures, above which 72.77 is attainable by the end of next week, possibly yielding 77.17 by the end of July. Upside Thursday, 69.95 can contain session strength, while closing above 69.95 signals 72.77 within 2-3 days, where the market can top out into later next week and the point to settle above for...
For Tuesday, the 67.08 level can contain weekly selling pressures, above which 72.92 is attainable within the week, possibly yielding 77.00 within 2-3 weeks. Upside Tuesday, 70.67 can contain session strength, while closing above 70.67 signals 72.92 within 2-3 days, where the market can top out through the balance of the week and the point to settle above for...
Crude oil is cheap again. It bounced from this support previously, looking at the daily chart. Traders await the FED policy meeting and new interest rate announcement. They should pause the hikes for the foreseeable future. Targeting $71+ and $74+.
Crude broken wedge pattern, as long as not closing above supply zone it is expected to reach the given target Let's see,,,
We will see crude oil prices above $100 in a few weeks. We are going up to finish the intermediate degree 5th. We will probably just finish the Minor wave 2 and going for minor wave 3 within an intermediate wave 5. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for...
As i can see crude oil is trading above 50$ and show more bullish moves incoming days as Demand is increasing lock downs are ending up and international Travel Restrictions ending also so we are expected USOIL more demand will achieve our design Targets buy from given support zone with a small risk and wait for to achieve all TP Friends push like and comments...
This is clearly on it's way to <$20 before the summer. MOEX:CL2! Here is the Daily
As per my analysis Crude oil is on Buy Trend , So Buy at 3095 Stop loss level at 3065 Target Expected 3148 / 3174 Gann And Fibonacci Always rocks Follow us and support us and help us to grow
Crude oil has been on a good uptrend since the large 2018 retrace, the price has slowly trickled up and there is an indication that it continues. ONLY IF certain conditions are met. There is an equal likelihood that we could see a large dump... Support structure is holding really well after a broke high on a larger scale at $53.00-$53.50. As of recent price has...
Broke the structure and it may gow up to the next resistance line USOIL Buy at 58.50 Target Profit 60.76 Target Profit 63.20 Stop Loss 55.00 Maybe we may hold this for a longer period. All the best,
Production cuts are the talk of the day and the foreseeable future around the OPEC and OPEC+ meeting. We recently saw an extended move to the upside from the support structure. From here we moved into the previous strong resistance level at $58.70 and now we do anticipate more upside, should the mapped out support zones hold. Oil could find itself down to ...
Thanks for viewing. My feeling is that this trade is coming to an end (currently 60% up in this trade - yep I can't change from the x100 leverage on my platform, which is a bit much IMO). I can plausibly count 5 waves down. Wave 5 is the shortest so I have prepared 2 scenarios for the short-term. 1. The move has completed, in which can I will hit my stop for...
Rebuy around 49.20-77 for a medium term target of 53.94 over the coming days, stop below 48.10
The reason why we feel CRUDE may Rise. * On weekly basis it has just started moving up * To Rise and come near 39.57 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Sinking.. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above...
CRUDE is expected to rise. It is a pure risk call. We are expecting a gap up opening and may be the target be cleared in a day or two. Our BUY call shall be from 32.18 with a SL @: 31.73 Tgt01: 33.70 Tgt02: 34.19 Tgt03: 35.72. Chances are bright that crude may even touch 36.57.We are expecting this to happen shortly. Caution: The above is our personal...