TP REACHED ON USOILAs you can see on the chart, CL reached our TP in which it reversed its direction to start going higher.
Follow for more daily trades!
Crudeoilforecast
Crude Oil Monday BluesLooking for Crude oil to take some BSL and then look for shorting opportunities to head south for today.
If not then will be waiting.
US OIL - BULLISH REVERSAL Get ready for a reversal on crude oil - Price currently testing a fresh demand zone and with the Iran/Israel war going on, oil is likely heading much higher in the coming months.. Currently the world is awaiting Israel's response to Iran's attack on Israel few weeks ago.. This war will only escalate from here and crude is set for big gains due to it... technical can't get any better
Crude OilPair : Crude Oil
Description :
Completed " 1234 " Impulsive Waves
Order Block
Bearish Channel as an Corrective Pattern in Short Time Frame
Demand Zone
Fibonacci Level - 38.20% / 50.00%
WEEKLY FOREX FORECAST SEPT 7-11th: US WTI CRUDE OILUS WTI Crude Oil expanded to the upside last week, with a convincing close. ON the Daily, a +FVG was formed. Things are in place for price to continue to move higher.
My bias is bullish, and I am looking for buys.
Consider the tension in the Mid East, pushing prices higher.
Check the comments section below for updates regarding this analysis throughout the week.
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USOIL - at his most expensive region ? holding or not??#USOIL - perfect move as per our last couple of ideas.
now market at his one of the most expensive region of month that is around 66.30 to 67.20
keep close that region because if market hold it then you can see a bounce from here otherwise below that you will see a smooth drop towards his next supporting areas.
dont be lazy here.
good luck
trade wisely
US OILPair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
Impulse Correction
US OILPair : Crude Oil - WTI
Description :
Break of Structure
RSI - Divergence
Fibonacci Level - 78.60%
Bearish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Crude elliott wave updateCrude elliott wave update
BLACKBULL:WTI FOREXCOM:USOIL MCX:CRUDEOIL1! NYMEX:CL1! TVC:USOIL FX:USOIL CAPITALCOM:OIL_CRUDE BLACKBULL:WTI FOREXCOM:USOIL
Elliott wave Count
Target above 100
Thursday Trouble Crude OilWe are nearing the end of the week and have had some nice movement heading lower..
I have marked out the Previous Day Wick ( PD Wick ) If price is to retrace today for NY this is where I would expect it to stop and head lower / consolidate at least.
The Draw on Price are bellow :
Daily +OB
Daily EQL'S
DAILY FVG
Monday evening Pondering - Crude OilSo as I stated in my last post, we would have a short range day as per previous large ranged day.
We did attack the SSL as target 1 however Im looking at price heading higher to the BSL and 1hr FVG before we head down...
Lets see what Asia and early London does..
Will update nearer to NY for Turbo Tuesday...
US OILPair : Crude Oil
Description :
Fibonacci Level - 38.20%
Resistance Level
Break of Structure and Retracement
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Crude Oil upward trajectory !!NYMEX:CL1!
Crude oil is moving upwards by marking HH @ 95 and HL @ 81.5,
81.5 is .786 fib support from previous low),
Curved parallel channel suggests that max downward should be around 79; which is .886 fib level from 77.71),
97 & 104 will be crucial level in coming weeks as resistance.
Crude OilPair : US OIL - Crude Oil
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Demand Zone
Fibonacci Level - 61.80%
Consolidation Phase in Short Time Frame
Break of Structure
US OILPair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
RSI - Divergence
Bearish Channel in Short Time Frame
Bullish Channel in Long Time Frame
Crude Oil - Bullish long-term - Bearish short-termCrude oil moved as we expected. Now in the next days we can expect it to follow the red scenario and reach the $75 area. If we see prices around $75 I'll put another update.
Context is BULLISH for Crude oil and DXY is showing weakness after yesterday's FOMC meeting and the market is more confident about the rate cuts in September than last week. SO BE CAREFUL with your short positions.
Thursday VooduWell we are in a sell program and we have respected this 1hr fvg.
So the remit is pretty simple for NY open..
Wait for a retracement for bearish prices.
The Bias is Bearish with the Magnet's as Price tragets for the weekly objectives.
Crude Monday Drab Bias and ForecastI am HTF bearish on Crude OiL
I have PD arrays marked out that should be respected if market was to retrace and take some BSL.
The targets for today are Lows marked out.
Pretty simple.
Stay bellow 1hr fvg and 1hr -OB = BEARISH
Close above the 1hr FVG start looking for short term BSL
Crude oil trade analysis
International oil prices fluctuated slightly on Thursday (May 30), with U.S. crude oil currently trading around $79.13 per barrel. Oil prices fell about 1% on Wednesday on worries that weak U.S. gasoline demand and economic data could lead the Federal Reserve to keep interest rates higher for longer. High interest rates aimed at countering high inflation could drag on economic growth and reduce demand for oil.
Crude oil persisted despite the headwinds yesterday. Both short positions at 79.4 and short orders at 80.2 made profits. Today's white market resistance is 80 and yesterday's high of 80.6, while support is 78.5 and 77.7. At present, the 4-hour SAR indicator has completed the top-to-bottom transition and appears at a high level. Today, Thursday, the trend continues to rebound high and bearish. Crude oil strategy: short after rebounding at 79.7, covering short positions at 80.3, stop loss at 80.7, target 78.5-78, hold if it breaks below;
Thursday Forecast Crude!So my target for this week will be the weekly open.
Simple as that sounds we do have some bsl above however Im expecting price to deliver BEARish as per HTF and the rejection for the Daily FVG
Be aware that trading is light we are in the last couple of days of the Month.
Wednesday Forecast Crude OilWe had a very expansive two days From the Bank Holiday Monday and Tuesday.
I do expect the market to slow down a little before we start to move higher to 81.50 as long as price stays above the 1hr fvg and the 1hr +ob my bias will be Bullish.
If we close bellow these pd arrays then a retracement is in order and different targets will have to be looked at.
Pretty simple
Friday retracement?? Forecasting.I am looking at crude to make a retracement today after couple days of down movement its been nice but can;t last forever.
So the arrows display where I think price will go today as a first target and second PDL
Keep it real simple on Fridays you got the weekend coming and you don't want to go into it with a loss or a win stay neutral.
Thursday Forecast / Into Next weekNo we have Hit the daily FVG I am looking at the lows off
76.91
76.83
To be taken.
In conjunction with my other forecasts this week of being Daily bias Bearish!!
