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 ✌️
Oilsell
USOILUSOIL - this is base on news and other fundamental analysis . to gain the liquidity big traders must close there for small retracement in market. Travel ban to Africa will loose some demand for oil. Anyway COT says the same thing. lets enjoy the ride. these analysis are not trade signals or advice to take the trade this is only for my improvement but still if anyone want to pick some idea you are welcome.
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.
OIL Running In 300 Pips From Last Entry , New Entry Added This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USOIL Full Analysis , 2 Short Setups Valid To Catch 500 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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OIL will rise a bit more, then fall. Sell!
Hello, Traders!
OIL is going UP on the fundamentals.
Improved outlook on the economic Recovery rate
Based on the vaccine successes
Consequently improves outlook on oil demand
Therefore we see a price increase.
However, On the technical side
We see a strong rising resistance ahead.
That is my target short spot
From which I expect oil to retest falling support
Sell!
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US OIL - SHORTAfter doing a 61.8 of the fib starting from the top, oil has been ranging at the golden ratio while also creating a bearish divergence on the MACD which confirms we have momentum shifts from longs to shorts. Our target is down to the 38.2 where we have a broken structure waiting to be retested
OIL Bearish Short SellIf price breaks the blue trend line we wait for it to close below 39.00, then we take a sell with 37.48 as first TP and 34.59 final TP.
