According to Fibo retracement ,and fibo Extension Up trend channel Corrective Wave Divergence
Can 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...
hello 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...
Hey traders, in this week we are monitoring USOIL fora long term selling opportunity around 90 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hello traders. I expect the price to end in a triangle, then we have to wait for the correction, which can reduce the price to $58. Are you agree?
Oil is unable to break the broadening channel and after five candlestick in a row, I think its time to goes down again.
Price has moved up for the past 6 weeks with no significant retracements. + Overly bullish psychology. Many predicting $100 oil. DISCLAIMER: This is not financial advice. The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Price has made a higher high so its likely to come back down to retest a level thats been previously broken Im waiting for the highlighted area to be broken so we can come down for a retest before we potentially shoot off into space or most likely 107.00
Hi 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...
Crude Oil - H4 - shorts at cmp 85.30 with target 73.50 and stops above 87. Lets ride
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 .
Brent 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.
USOIL hit yearly Reversal Level R3 and is likely to pullback to S1 as in 2021, even if the bullish move will continue. For Educational Purposes ONly.
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.
Should correct with the stock market. January and February are not bullish for oil. First target 72. GOOD LUCK!
The 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...
Close To Trend Line Resistance And Has A Potential To Reverse For Small Target Enter After The Breakout Of Trend Line