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WTI BULL March (initially Bear or sideways)26/02/22 FORECAST FOR WEEK 1 MARCH 2022 = NO CLEAR CALL COMBINED FORECAST FOR MARCH 2022 = BULL (with an initial bearish start) DAYS WEEK 4 OF FEB FORECAST = BEAR = INACCURATE PROBABILITY FOR WEEK 1 MARCH = NO CLEAR CALL POSSIBLE This week was fairly neutral, until Thursday when a significant shooting star formed. The volume towered over all previous volumes, very nervous investors due to war. Friday's volume smaller, candle formed a spinning top. Next week has a good probability of being indecisive. OBV is very bullish. WEEK WEEK 4 OF FEB FORECAST = BEAR = INACCURATE PROBABILITY FOR NEXT WEEK = BEAR or Sideways Large shooting star, a bull with exceptional volume. Previous weeks had tails rejecting move to the south. Overall week trend looks to be stalling. OBV is trending north, with this, it may indicate a stronger momentum at play. Based purely on the price action path of least resistance says a few more bear candles are to come. No call for a reversal at this point. MONTH FORECAST MONTH = BULL Sizable bull candle body with 1.2 times tail to the north. Clear of the previous resistance level this chart is now bull led by their influence. OBV now trends BULL another confirmation of a BULL dominated influence. The chart looks to have commenced a BULL rally. ============================= FEB WAS BULL = ACCURATE JANUARY FORECAST FOR FEB 2022 = BULL
OANDA:WTICOUSDLong
by eatmycrispypotato
USDOIL Crude Oil top | Retracement level targetCan i call the $92 level the 2022 top for Crude oil??? We might see a retracement in USOIL after Russia reported pullback of military troops. Some military units will start returning to their permanent bases after completing drills near the Ukrainian border, said the Russian Defense Ministry. Extending the Fibonacci retracement tool, my price target for crude oil this year is the $79 support. Looking forward to read your opinion about it.
TVC:USOILShort
by TopgOptions
OILhello dear treaders any news from oil ? ok.. let me read the chart oil. first of all lets take look at the oil chart We see that oil is rising sharply Now at what price can this price increase continue? No one knows But the traces of investors can be understood from the chart. Of course, one of the factors that has oil rising in this way is the tension between Russia and Ukraine. In the oil chart, I see resistance from $ 100 to $ 105 even higher, but it is also possible that all of this will be broken because of the Russia-Ukraine war. But if nothing happens and there is no war, the high resistances that you see in the chart can be activated and the price will fall. If the price falls, it falls well because there is no demand area to keep the price because they are all consumed. At the moment, in this political crisis, I can neither signal buying nor selling, I just have to combine all of these so that I can give you the right analysis. Good luck.
O
by CoinActionFx
3
Oil- What are Biden & Putin Trading this Weekend?Today's lesson is about NEGATIVE BALANCE PROTECTION. 🎲🎲🎲🎰 The broker always has the upper hand.. except from nights like this one. You see, markets close on Fridays and open again on Monday. When 'Urgent Situations' arise (like today, Foreign Office tells Britons in Ukraine to leave country now ), the trader can finally have an edge! Oil: The drums of war and uncertainty close to Russia affect Oil and Gas. Supply can potentially become disrupted and prices can rise even higher. Murphy's law says: These things happen on Fridays, they are usually resolved/eased during the weekend, prices could normalize with a gap on Monday. Now let's go back to NEGATIVE BALANCE PROTECTION and how I sometime use it, at my own risk : I am entering a SHORT position on Oil at the closing of today's market hours. Doing so with an amount I can afford to GAMBLE WITH , on Monday opening hours I will have an account either at ZERO or at potentially x2,x5 or even x10. Negative balance protection (some brokers have it, some don't) offers the investor/trader one of the very FEW advantages against the market. That's to be utilized tonight. One Love, the FXPROFESSOR 🎲🎰 ps. DYOR, Risk carefully and only what you can play with,..especially if you ever try such unorthodox methods like I am tonight ps2. Been killing it on Oil: Up, down, Up...now down again?
TVC:USOILShort
by FX_Professor
16
OIL: Contrarian setup aheadEverybody knows that oil is heading to the moon. In recent days, I've heard numerous estimates like $150. However, I think those estimates may be based on panic. Contrarians dare to be wrong, in the face of crowd sentiment - obviously. Everybody can see the same thing on the chart - a well formed rising broadening wedge in a bull market. Expand the chart a bit for a better view. This presents a good probability of bearishness, though price is moving north. For this sort of picture there is an estimated >70% chance of a reversal. What that means is that there is a 30% chance that price will reach the moon. But what traders want is a solid prediction - which I do not do, because I have no ownership of the future. Price doesn't have to get over 90. There is no rule that says wedges have to be 100% complete. But the pattern is sufficiently well formed once there are 3 important points on the upper and lower edges of the wedge. So - in the above I am not saying that 'oil can't go to the moon'. I'm saying there is a lesser probability of that. The red faded line is only to give a picture of what could happen. A line going to the moon would not fit on the chart. 😲😁 I'll be keeping my powder dry, whilst some punch the air. Not a problem. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
O
by Captain_Walker
2
Which target do we look at for Brent ? According to Ichimoku, we're definitely bullish on long term. Prices are perfectly supported by Daily Tenkan during their ascent. With a Fibonacci Extension, I think that $92 is a probable target to look at. If this one breaks, we could look at the 1.618 Extension, at $109.9. Will depend on the evolution of the situation in Ukraine. A possible fundamental bearish news could be that the de-escalation leads to a decrease in the attractiveness of black gold and produces a pull-back in prices, towards the Kijun Daily as first support. What do you think friends ?
TVC:UKOIL
by Augustus1st
Triangle on WTI, Short on breakdownTriangle formation on short time frame, look for short entry Key Levels : 81.2 - 81.8 - we might see significant support in this zone Observations : 1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart 2 - Current formation for a catalyst pattern on breakout is support by trendline parallel to said trendline in point 1 3 - There might be a formation for a ascending triangle / rising wedge / parallel action in the pattern as indicated in the red box Trade plan : 1 - I prefer to look for shorts entry here, but there is a small possibility for prices to return to trend based on a break up on a symmetrical triangle that has formed. But the current formation favors shorts 2 - I will not enter short here because it can form either a ascending triangle which is preferable or a rising wedge and parallel channel which is less desirable as there's more room for prices to increase 3 - Once entered, will target 81.2 - 81.8 for take profit Will update accordingly
NYMEX:CL1!Short
by ng4312
Brent crude oil ATTACKING 106 USD LONGMorgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low spare production capacity, and low investment, Morgan Stanley said in a note carried by Reuters. The bank now expects oil at $100 in the third and fourth quarters of this year, lifting its previous Q3 and Q4 forecasts from $90 and $87.50 a barrel, respectively. “The key oil products markets (gasoline, jet fuel, and gasoil/diesel) all show strong crack spreads, steep backwardation, and inventories that have fallen to low levels. None of this signals weakness,” Morgan Stanley analysts wrote in the note. The bank is the latest investment institution to predict that oil is headed to triple-digit territory as soon as this year, amid resilient demand, falling inventories, and declining spare capacity at OPEC+ as the group ramps up production. Triple-digit oil “is in the works” for the second quarter this year, Francisco Blanch, head of global commodities at Bank of America, told Bloomberg last week. Demand is recovering meaningfully, while OPEC+ supply will start leveling off within the next two months, Blanch said, noting that it will be only Saudi Arabia and the UAE that can produce incremental barrels to add to the market. Related: How Realistic Are Libya’s 2022 Oil Production Goals? Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” due to the milder and potentially briefer impact of Omicron on oil demand, Goldman Sachs said this week. Due to gas-to-oil substitution, supply disappointments, and stronger-than-expected demand in Q4 2021, OECD inventories are set to dip by the summer to their lowest levels since 2000, Goldman’s analysts note. Moreover, OPEC+ spare capacity is also set to decline to historically low levels of around 1.2 million bpd. “At $85/ bbl , the market would remain at such critical levels, insufficient buffers relative to demand and supply volatilities, through 2023,” Goldman -Sachs said in a note. JP Morgan, for its part, expects the falling spare capacity at OPEC+ to increase the risk premium in prices, and sees oil hitting $125 a barrel this year and $150 a barrel next year.
OANDA:BCOUSDLong
by DaveBrascoFX
1