Crudeoilforecast
Good bearish trend in last week so a small recovery is needed.So the recovery will determine whether the market to more long or its going to remain in the same bearish trend.
So kindly plan accordingly as per your analysis.
US oil seems to be bearish for this week tooMost probably the trend seems to be bearish as the weekly channel has broken and the retest is going to finish its high.
So plan your trades wisely.
Thank You.
Crude levels for july expiry Most probably the trend seems to be bearish as the weekly channel has broken but a slight retrace can help a little bit high.
So plan your trades wisely.
Thank You.
Crude Oil Idea H1Here is my view for WTIUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Crude Oil Sell Setup and confirmationCrude Oil has already ended up with its bullish movement and made a breakout in both D1 and H4 time frame. now Its ready for the downtrend journey. The price already broke the support and also retested the support.
We are expecting down trend now unless any fundamental news comes. Few weeks before EU put ban on Russian OIL and Few other fundamental news released as well. For that reason, OIL was sky rocketed and now market is getting stable.
Technical Analysis:
In 17th June, market was closed at price 110.40. from the cloud breaking strategy, we can see it started to create down-trend. Again, 110-110.40 was working as one of the strongest support for OIL and a successful breakout can lead oil till 106.02 and 99.26.
Signals:
Crude OIL
SELL from 110.00
SL# 113.13
TP# 106.00
Crude OIL (XTIUSD) AnalysisTechnical Facts: Considering Technical analysis, Crude Oil already touched the second highest price in this week. now it’s high time for retrace. The Immediate support level is 117.80 to 118.20. A Strong break can lead the oil price till 114.18 which is the strongest support of 114.18.
Fundamental Facts:
Russia is one of the largest producer of Crude Oil in the world. a recent ban was imposed on Russia in 3rd June, 2022 by European Union. When supply decreases, demand increases and the price goes up. if EU cant convince Saudi Arabia to produce more oil and make a balance of the demands, the price might go up till 130 as well. therefore, the analysis might be invalid.
Signals:
CRUDE OIL
SELL STOP 117.80
SL# 119.61
TP# 114.18
Crude Oil Idea H4Here is my view for WTIUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USOIL Crude oil : Russian oil ban, what's next? 4.5The pennant consolidation opened the week with a breakout and a retest confirmation of the breakout.
Consolidation took place between Jan - April 2022, With a high of ~128 and a low of ~88.
The breakout is a major bullish technical alert, indicating new daily up-trend.
Resistance levels on the new up-trend are:
*106.80 - 108.50
*114.60 - 116.40
*125 - 127.80
Retest potential to the downside:
*Consolidation retest - 100-101.50
*Consolidation support floor - 96.50-98.20
A break below consolidation may lead to trend reversal, but for now bullish indications on full alert!
Russian oil sanctions are increasing and we have 1 million barrels a day off circulation as of now, this amount is expected to double soon, Bernard Looney, CEO of BP oil company says.
This is a fundamental trigger for the technical breakout.
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WTI Crude Oil - What a surprise! Incredible! 29.4The consolidation period of close to 12 weeks is likely coming to an end with a breakout up!
A close above 102.90 (triangle consolidation resistance level) allowed the price action to proceed with up-trend targeting:
*108.30-108.50
*114.80-115
*124
*132
Width of triangle is usually the target of the breakout in terms of size of movement
This could make sense fundamentally as inflation continues to grow together with Russian oil supply fears which is likely to fall by 20% , Europe may struggle with oil supply and this offsets China's lock down for now.
Of course this may be a fake out, weekly close and next weeks open is likely to call the bluff if price returns to below 100 with a daily close.
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If you found my idea useful, please like and follow! It would mean a lot to me!
I promise to respond to any and all comments/questions - Don't hesitate to ask.
Thank you :)
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US Crude Oil Prediction H1Here is my view for WTIUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Oil is the keyOil has respected the 92 support and looking at the current geopolitical situation, it seems bullish . Now for a good entry , the 98 level could be good for a long entry even for long term holding as it might go higher this time due to geopolitical situationss, Entry around the price of 100 dollars can also be a good entry with stop loss around 99
Crude Oil Idea H1Here is my view for WTIUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Crude Oil Forecast H1Here is my view for WTIUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Crude Oil Prediction H1Here is my view for WTIUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
WTIUSD Prediction H4Here is my view for WTIUSD on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
XTIUSD LONG - Buy Entry - H4 ChartXTIUSD LONG - Buy Entry - H4 Chart
Order Buy Stop
Symbol: XTIUSD - Crude Oil
Timeframe: H4
Type: BUY
Entry Price: Buy @ Break of 96.562 - Buy Stop
TP - Resistance @ 105.835
TP - Resistance @ 99.686
R1 Y1 - Support @ 91.340
Crude Oil Prediction H1Here is my view for WTIUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
XTIUSD LONG - Buy Entry - H4 ChartXTIUSD LONG - Buy Entry - H4 Chart
Crude Oil Long
Buying Zone
Symbol: XTIUSD
Timeframe: H4
Type: BUY
Entry Price: Buying Zone
Major Resistance @ 118.125
Major Support @ 101.031
Crude Oil - New BeginningsWhat I am portraying are comparable dips within the same fib rings of the circle
Coupled with a comparable recovery, and following rise
In the first situation price gets rejected just under the down trend line
In the second (current) situation price will get rejected just under the uptrend line ; inversely
Price will propel itself to new ATH's from here, a new beginning
Upwards until depletion
NATO countries-Russia Crude Oil CrisisDelicate situation with Crude Oil. Levels are almost to similar seen back on 2008. The price will definitely continue to rise if EU countries and other NATO countries don't find a new partner for Crude Oil. Venezuela and Iran are amongst the preferred choices to solve this crisis, but this could take a couple of months to see action from talks. Meanwhile the price keeps escalating as the pace as the war fought in Ukraine. We're adding more volume on Crude Oil and other commodities such as Wheat, Aluminium and other commodities affected by this crisis. Right now we don't own any stock, but only commodities, and we'll continue to add more volume as long as this crisis keeps escalating. Regarding technical analysis, it's very difficult analyse it from this angle, it's similar to March 2020 crisis, when this things happen, just take a look 1 weekly and 1 monthly chart with RSI and MACD and keep an eye on extreme levels. At any in the coming months we could see a trend reversal. There is no free meal here, and there's always an expiration date on commodities, don't stay there forever.
Crude Oil Prediction H1Here is my view for WTIUSD on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
