🛢️ CRUDE OIL - The Monday Rise⚡ ⚡ ⚡ 🍂⚡ ⚡ ⚡A expected Oil ended up higher on Monday:
The only answer is Ukraine.. and the news from there are most likely expected to be Bad, or Very Bad.
Kinda difficult to have them good (and impossible to have the Very Good)
So: We expect Oil to most likely rise and there is a possibility that it opens a lot higher next week.
One Love,
the FXPROFESSOR
ps. EU oil ban IS NO BAN.. THERE PROBABLY CAN'T BE ONE. LET'S FACE IT: EU is dependent on Russian Oil. Especially Germany, the European economy's 'motor'.
One Love,
the FXPROFESSOR
Oil(wti)
🛢️ CRUDE OIL - The Monday Gap ⚡ ⚡ ⚡ 🍂⚡ ⚡ ⚡ Oil has been rising as expected but the markets will close for the weekend and they will open on Monday...
There are some traders out there (including myself) that dare take this kind of trades. Make sure it's a small amount and i high leverage (hero or zero- small special account) Do not try this at home..
Will the prices open Higher or Lower during the weekend? And why?
The only answer is Ukraine.. and the news from there are most likely expected to be Bad, or Very Bad.
Kinda difficult to have them good (and impossible to have the Very Good)
So: We expect Oil to most likely rise and there is a possibility that it opens a lot higher next week.
One Love,
the FXPROFESSOR
News: EU oil ban adds pressure on Russia but obstacles remain : www.aljazeera.com
OIL 6th MAY 2022The high price of oil was caused by Europe embargoing energy imports from Russia, rising prices were restrained by China during the Covid-19 lockdown, thereby limiting the production activities of those need energy.
So at this time oil still tends to be sideways , for future fundamental events it will be illustrated in the chart whether the price will breakout the resistance or support area.
WTI & BRENT - 26th APRIL 2022
USOIL- 11th APRIL 2022
☑️BRENT: small update➡️ A small update to Friday's oil short idea in a new idea format. The priority of shorts remains, the fundamental reasons remain the same, but a larger perspective, of course, should most likely be expected to go long.
Technically, at the moment, the actual short. One can open short from the current levels ( ~111.50$ ). The target of the fall will be the level ~107.17 .
👇 Previous idea for BRENT 👇
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👍 Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Time for WTI for Price CorrectionIt can be concluded from the analysis that I present, that there will be a weekly price correction for WTI Crude Oil. The RSI indicator is showing Overbought, and the price will drop to $72.17 based on the points of the daily Moving Average (WMA) indicator.
Hopefully my analysis can help or complement your analysis. Thank you.
If you believe in Oil drop just create a regression channel or 2I have created 2 regression channels. As you can see we are at the bottom of the small one and at the middle of the large one. So, I am awaiting of continuing of growth. Hope you are not someone who were afraid to Long and have closed a position. Good trades to you.
Pay attention to my Big picture. Seems to be interesting one:
We could see a HUGE move on Oil in a longterm. DON'T MISS IT. As you can see Oil slowly returns to a huge Ascending Channel which has started in 1999. As long as Oil is inside of the Channel (or close to it) I am great believer of Oil rise. Due to a symmetry I suppose that we could see a huge move till the top of the channel with possible break (or not?) at a middle of a channel. If this setup comes true you were bought at the bottom of the channel and could sell at the top of the channel - that's what every trader dreams about. However, if Oil leaves a channel we could see rush FALL till 20+ area or lower which could mean that all who has leveraged could loose a capital. So, RR is about 1:2. Trade looks to be really danger, so Risk Management is a mandatory (if you just press BUY button with no thinking about risk management of a trade, you probably loose a lot (or everything)). If you have no skills or experience to manage risks, better stay away from Oil now.
CRUDE OIL (WTI) Key Levels to Watch 🛢
For the last three weeks, WTI Crude Oil is very bearish.
Recently the price broke and closed below a strong rising trend line and now is approaching strong horizontal support.
Here are key levels for you to watch for oil trading:
Support 1: 93.2 - 95.0 area.
Support 2: 86.6 - 89.7 area.
Support 3: 72.5 - 75.3 area.
Resistance: vertical trend line.
Resistance 1: 106.9 - 109.0.
Resistance 2: 114.3 - 116.7.
Breakout of one of those will trigger a bullish/bearish continuation to the next structure.
While a test and confirmation may give you a counter-trend/trend-following trade.
❤️Please, support this idea with like and comment!❤️
Crude to fall or spike?Of late, we are seeing a fall in Crude prices... a lot of it is about releasing supply into the market really.
The daily 55EMA has been broken, tested and failed once. But worthy to note that the support is holding!
So, breaking down decisively below 92 would be followed by more downside; else breaking above 98/99 would be tested by resistance zones above 100 for a short spike towards the end of April.
USOIL. P-Modeling PT V3. Inverted Springs of CajunWelcome Hyperspace Travelers,
This is a Time_Series Analysis on the 1-day timeframe.
I might wrong, but looking at data stemming from 2011. We absolutely are repeating a W formation in my eyes.
I am looking for some major relief of oil and gas prices. Coming very soon..
See previous Ideas.
This was V2.
V1 was done last year during the drop to 0.00 (can be found below).
Snapshots provided.
Thanks for Pondering the Unknown with Me,
Glitch420