This is Part 1 of the Weekly Forex Forecast AUG 26-30th. In this video, we will cover: S&P500 NASDAQ DOW GOLD SILVER US & UK OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do...
My Dear Robbers / Traders, This is our master plan to Heist UKOIL based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the...
🔸Hello traders, let's review the daily price chart for UKOIL. Speculative XABCD in progress, with 20% upside potential based on the current price action / fundamentals. 🔸XABCD structure is defined by point X at 95.60, point A at 73.20, point B at 92.50, point C at 77.00, point D/PRZ at 105.00, currently most points validated, point D/PRZ pending in May/June 2024...
Crude oil has recently encountered resistance and experienced a pullback from this level. However, it is currently trading within an ascending channel, suggesting that the bears are losing momentum, while the bulls are gaining control of the market dynamics. Key Observations: 1. Resistance Encounter: Crude oil faced resistance at a significant level, prompting a...
Brent oil last trading week completed its bullish structure, and thus indicating the potential for price to exceed $90 in the coming days. The market has witnessed the formation of a bullish structure characterised by higher-low and higher-high, signifying a positive momentum in the oil market. N.B! - UKOIL price might not follow drawn lines . Actual price...
We've all seen how oil reacted to the beginning of the Israeli-Palestinian conflict. I am sure that this conflict will not settle down quickly and will only increase. The conflict will involve other players in the region - Emen is proof of this fact. How will oil react to this? The suspension of supplies and other problems with oil supplies will provoke demand...
I've been watching oil closely for the last two months. I would like to say that oil is a trending instrument, we started the decline from 95$ per barrel and fell quite rapidly until the conflict in the Middle East. all news resources said that oil rose in price on the background of this news. Technically, I was waiting for this upward correction. But if the war...
Well well, H&S Short Position was there ready to be taken - but unfortunately Price Manipulators were also ready to defend.. First warning sign was wick reversal beyond 38.2% Fib. Second warning sign was another reversal just underneath previous wick for the Stop Hunt. Price action has since rallied above neckline, consolidating just under 23.6% Fib. In...
The count is revealing itself and by the look of the decline is not over yet. My analysis tells that we are about to experience another wave of selling. This is somewhat confirmed by what I see in precious metals and US stock market.
🔸Today let's review the 8 hour chart for brent oil . Noteworthy bounce in progress after accumulation near lows, however currently getting overbought. 🔸OPEC production cuts finally kicked it, therefore we got a decent pump in the oil market. Strong resistances overhead near 87.20 and 89.20, expecting bull trap setup after we break above the stop loss...
Despite the fact that the price moved almost exactly as outlined in the prior report, the short term subdivisions are difficult to read at this stage. There is no cause to close long positions at this point. I'll just have to be patient. Gasoil appears to offer a more clear picture.
UKOIL 8hour chart review/outlook. Broke key s/r recently so expecting weakness next 4-8 weeks. Previously compression intro triangle pattern and sequence of higher lows was invalidated recently with break of 83.50 USD. sequence of higher lows at 76.50 and 79.85, but broke down with recent sell side pressure mounting due to US banking crisis. Based on measured move...
TVC:UKOIL According to the combination of failur in upside movement and negative news around macro economy, i expect more decline for oil price .
Nice comparison of CADUSD and crude. CAD peaked in May 2021 whereas crude continued its move upward and peaked a year later. Both are now synchronized in their move down though I believe crude will start to accelerate soon. See separate charts on both of them.
Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Wassup guys?! After my NG short call (two months ago) and reaching it's target I think the drop may not be over yet. I can imagine price is going to test support cluster created by major uptrendline (lime), horizontal support...
"Best wishes for a joyous Christmas filled with love, happiness and prosperity!" Happy Christmas Everybody ! 🎄☃️🎁🪅🎉 As you can see, after reaching the mentioned demand zone , the price had a positive reaction and reached the range of $1798 with 180 pips growth! It is likely that this week the price can grow up to $1813 to fill the liquidity void caused by last...
Gold is trading in the range of $1814, one of the important Demand zone that we can mention is $1783 to $1797, and one of the important supply zones is $1818 to $1824! Pay attention that there is a possibility that the price will penetrate above $1824 to collect liquidity and then face a fall, so don't look for a BUY position within that range! The possible trend...