Oil update Oil respecting the upward channel and failed in broke it .
Now down side already confirmed and tomorrow we may see it starting
Some wasting time today , but yes that trading some days are nothing to do .
GOOD LUCK
Oilforecast
Crude Oil Volatility Forecast 7-11 November 2022 Crude Oil Volatility Forecast 7-11 November 2022
We can see that this week our volatility is at 6.63% which declined from 6.88% last week.
Currently according to ATR we are on 61th percentile, and according to OVX we are on 85th percentile, indicating in both cases, that we are currently is volatile market.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 29.1% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 97.25
BOT: 84.73
This can also be translated as a 70.9% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
71% chance that we are going to touch the previous high of 93.05
30% chance that we are going to touch the previous low of 85.5
Oil daily trade Oil is bearish today , this week , this hours
DAILY TARGET SHOWS IN BLACK
Iam a seller with target 85 $ initially
I think today it touched 91.4
But still in my view thats the biggening of down wave
GOOD LUCK
Brent Crude Oil Simple Chart AnalysisIf you can recall back Oct 20th Crude chart guidance was to monitor its retracement ended. We can also see there are red chip progressing during those rise period. So i assume if tomorrow crude future turn green, very likely it will goes beyond 100 here.
WTI CRUDE OIL SEEM SELL CORRECTION THEN BUY....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
Oil update Oil stopped pulling near monthly support area 92.67$
Yesterday i sold 92.37 $ what to expect this month
Will dollar effect yesterday was huge and un expectable.
I think bull back to 90-89 is more than normal .
Next session in Monday ill take profit
In my opinion we can go to 100 if we break th 93 area further if we break 84 we will go to 73 area
GOOD LUCK
Oil update I sold today in red line (92.3-89.7 -90 )
Price is 91.2 (aproximetly in middle ) i can close if i need
But but , the target is 85 now
Lets see hoe its play
GOOD LUCK
A BRIEF PULL BACK B4 THE NEXT MASSIVE BULLISHOil has been recently on up trend with all the Hh's but currently a pull back is eminent, its a retest that will usher in the next bullish momentum taking the PRICE to $93 and above price target
OIL....FALL (4.8%)Shorting Crude Oil to a RR of 0.75% to 4.8%.
During the opening of the New York's market on Wednesday, there was a strong bullish candle as a result of the strong ADP Employment Change on the US economy, which accelerated the US dollar, this also had an influence on XTIUSD.....
Now, i see a perfect time for shorting XTIUSD.
NB: i'm expecting a price circulation within my triangle to complete its movement.
Oil update Yesterday was no movement just volatility
I believe today down side movement
My target is 86 still like before
I dont care about inventory , i think the FED was aggressive yesterday and will effect the market
GOOD LUCK
WHAT AFTER THE DOUBLE DIP and OPEC? This graph is a representation of my point of you of the futures market (USD).
Oil update We sold yesterday and reached our target
No its blow up again , to area where ill sell
My target below 86 $
Now oil is absolutely different than the rest commodity
That way the medium term target cant be predictable
(Always take profit alone the way )
80$ is the last of correction wave
GOOD LUCK
Oil update I think the red line is a good for sell
Blue lines to take profit
We done buying successfully
GOOD LUCK
Oil update Oil is going up to our target
Yesterday was trying to manipulate us , which is normal in trading
Ill be taking profit at blue line then ill be a seller maybe ill update
GOOD LUCK
Oil update Continuation in buying for me is great opportunity here
Upside movement today may start with European market open
I think no more down from here
(Not financial advise)
GOOD LUCK
Oil update (daily trade) Oil is a good buy to me at this level
In red lines ill take my profit
Its showing som strength
GOOD LUCK
Oil weekly update Oil is still forming head and shoulders pattern
Expecting an down movement on FED Meeting on Monday
How the movement can be ?
In my view , looking to test 89 -90 is still possible so ill be a buyer in opening
But after it hit a 89$ ill take profit
For all week i think down side to 86-85 is possible
GOOD LUCK
Oil update Boring day , day no movement , i think now 87 area down
Then we go to 89 area maybe not today if the momentum keep the same .
GOOD LUCK
Oil update Today play can be like above.
Oil still have a room to go up and test yesterday highs
But next week will be bad
FED can drop the market again
GOOD LUCK
13000+ PIPS DROP (BAD NEWS FOR OIL OPEC MEMBER STATES)The price of crude is pose to shock oil producing countries despite the recent supply cut to the global market,
PRICE is currently stalling at $84 per barrel (minor zone) ,a break of this zone which is eminent will see the drop in price to $70 per barrel of crude
Oil view Oil is still have to go up on daily
I mentioned in morning a selling trade just to be clear it can fail to success but indicators shows weakness and going down can be healthy
Bear on mind , it can go to 89 area , if its faild then down side will be massive
That why iam focusing in selling now .
HEAD AND SHOULDER PATTERN WILL PRINT SOON
GOOD LUCK
Oil update If you wish to talk a profit that will be good now
Further more we are not in sell area again
I think 86 $ will be reachable today
Again my come down a little its a buying opportunity
GOOD LUCK 1.5 $ profit is not bad in 45 min !
