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Oilforecast

USOIL BUY TECHNICALS The markets have made the amazing bearish move and as expected now let's see what's next for the oil pairs markets have corn to not only a touching point of support zone but also thee daily bullish trendline and also a pullback to the the RSI is also indicating that the market is oversold so bulls may see this as a perfect time to buy. fundamentals MONDAY, NOVEMBER 29 17:00 USD Pending Home Sales (MoM)(Oct) 22:05 USD Fed's Chair Powell speech TUESDAY, NOVEMBER 3016:00 USD Housing Price Index (MoM)(Sep) USD S&P/Case-Shiller Home Price Indices (YoY)(Sep) 16:45 USD Chicago Purchasing Managers' Index(Nov) 17:00 USD Consumer Confidence(Nov) USD Fed's Chair Powell speech 18:30 USD 52-Week Bill Auction 20:00 USD Fed's Clarida speech more news on fxstreet
TVC:USOILLong
by LUNGU_FX
1
crude oil Since history always repeats itself, we expect oil to drop to levels 38, 34 , as you see there are 2 ascending triangles , one big and the other small, look at the small one, after the price broke the third higher low , the price retested it by forming double top then descending wolfe wave formed ,then the price free fall fell so we are expecting the same path for the big ascending triangle , zoom out to see it now the price broke the third higher low in big ascending triangle , we expecting the price to retest it the form a descending wolfe wave the free fall to 34 ,In addition to fears of an inflated global excess supply of crude in the first quarter of next year, due to lower demand. Take your profit & RUN! 🏃‍♂️ I hope you all have a brilliant trades 💖 Stay safe ✌️
OShort
by Elrouby
1
Oil is headed down in 60s rangePrices of oil have a direct impact on the inflation. The higher oil prices have started impacting the consumers across the globe. We have used Aspen Trading Support & Resistance Levels to analyse the oil prices trend. It has clearly broken down the short-term support levels at 77.75 and most probably could lead to further down side. As the the oil production ramps up, the oil prices could stabilise at the pre-covid levels in the range of 60s. Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information. Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
FX:USOILShort
by tradingswift
WTI Crude Oil Price ForecastAside from Crypto and Stocks, I also look at economical indicators, metals, and commodities. I will be adding these to my ideas moving forward starting with the analysis on WTI Crude Oil price. WTI Crude Oil was in a multi-year descending triangle, which it broke out of and retested the top of the trendline in August 2021. The price is on it's way upwards. Something I learned from a trading mentor is when in doubt, zoom out and look left. I took a fractal pattern from 2009-2013 which looks very similar to how the price is playing out currently and overlaid it in the current price range. Furthermore, I added in the fib levels to see where we can be able to get to before some level of retracement. It seems that $95-$100 price range may be in the cards as the price may get to fib level 0.618 before a rejection. I will keep the community updated on this. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
TVC:USOILLong
by MillionaireEconomics
3
USOIL- long term projection.Here's my analysis on the daily time frame. We are in an upwards trend and it's always better to trade with the trend; not against it. Therefore, I believe oil will see the price of $90 very soon. Price action has just rejected the 61.8% fib level (on the 1 hour timeframe) and rejected the trendline. On the daily timeframe price has rejected the 78.6% fib level. Hope everyone is having a great evening. Please comment below your ideas or if you need me to analyse anything.
TVC:USOILLong
by Charl13Scrutton
Oil Short SetupOIL Short Setup 🔵 Entry Level: $82.90 🟢 Take Profit: $78.42 (2.17) ⛔ Stop Loss: $84.96 Reasoning: 1) Currently an overbought level, expecting a slight cool down after which a new move up should follow, taking us to the entry target. 2) If this setup turns out to be valid, the price should print lower high on the indicator, while making a higher high on the chart. 3) Level is coordinated with previous support, which should act as resistance now. 4) Upper trendline on a descending channel.
CAPITALCOM:OIL_CRUDEShort
by Quant_