Oilshort!
OIL-BRENT - 18 Feb. 2022The price is moving in a downward channel towards lower targets.
Support and resistance areas are marked on the chart. When the price reaches the green range, we have to wait for the reaction of buyers or sellers
This is my personal opinion. Please do not trade based on my analysis and data.
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.
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.
Oil short ?Price has moved up for the past 6 weeks with no significant retracements. + Overly bullish psychology. Many predicting $100 oil.
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CRUDE OIL SHORT COMING SOONHi there,
As you can see, we got a DIVERGENCE on the HIGHER timeframe on the RSI and PRICE ACTION.
PRICE ACTION is rising whilst RSI is getting lower. So We can conclude that a DROP is coming SOON.
Our ENTRY will be on MONDAY 3hrs after MARKET opens because we STILL NEED to CHECK FOR FURTHER CONFIRMATION before entering the drop.
Our PROFIT TARGET will be the minor support level and potential the MAJOR support level.
kind regards
What's gonna happen to OIL price ..?TVC:UKOIL
in weekly , price of UKOIL has reached to a important zone which can act a resistance and push price toward down ...
this is only technical analysis and we also need to be aware of OPEC meetings results and also fundamental news around oil .
what is your opinion ? mention it in comments .
Amazing Short OpportunityBrent Crude Oil has completed a 5 wave impulse to the upside and has put in 3 divergent RSI highs on the momentum indicator signaling a lack of buying momentum to support the recent price moves.
Everyone on the news is bullish crude and worried about Russia but this looks like it's all going to blow over and oil is going to take a dive for some reason.
Oil Short - 1:10 RR Hi Traders,
Following up on my previous long on Oil we have found some resistance around this area.
I have given a trade opportunity of 1:10 aiming for the 50% fibonacci level and touch of the trendline.
This should be taken with caution as Oil is coming through on a strong trend.
OPEC+ Decision Put in the BottomThe CDC first designated Omicron as a Variant of Concern on December 1, but crude oil bottomed on December 2 when OPEC+ made its output decision.OPEC+ Decision Shifted Momentum to Upside, Not Easing of Omicron Fears
So what happened on December 2 to turn crude oil prices higher? OPEC+ agreed to go ahead with oil output increase. It didn’t cave into U.S. pressure to accelerate daily production, it stuck with its plans for a 400,000 barrel per day rise.
Fearing another supply glut, sources said the Organization of the Petroleum Exporting Countries, Russia and allies, known as OPEC+, considered a range of options in talks on December 2, including pausing their January hike of 400,000 barrels per day (bpd) or increasing output by less than the monthly plan, according to Reuters.
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 ✌️
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.