Well, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to see if it can...
Top-down analysis on WTI. Key leves, price action. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
Hey traders, WTI is approaching daily/intraday zone of demand. To catch a bullish move with a confirmation, watch a double bottom formation on 1H. 71.1 - 71.5 is its neckline. Wait for its bullish breakout (1H candle close above), they buy aggressively or on a retest. The first goal will be 72.9 In case if the price respects a neckline and sets a new lower...
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This is weekly Closing Bell (previously Market Wrap). Here readers can view price of particular securities at market close ending week 3rd September 2021. Commodities (3rd September 2021): Gold (XAUUSD) – Close price = 1827 USD Silver (XAGUSD) – Close price = 24.716 USD WTI oil (USOIL) – Close price = 69.20 USD Brent oil (UKOIL) – Close price = 72.42 USD ...
We have gorgeous long-term accumulation and asset is ready to distribute with acceleration. Final target point is 200-220. Gasoline and natural gas prices will rally too.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Idea on Crude to reach around $77 with a 5th wave
Hello everyone, if you like the idea, do not forget to support with a like and follow. BRENT OIL is sitting around weekly resistance in green so we will be looking for sell setups on lower timeframes. on H4: BRENT OIL is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection...
Update (alternative) to a previous idea > Maybe oil is in middle of a complex (WXY) correction as part of a larger degree wave 4; Wave C of X could reach $64 area before wave Y towards $50
Oil has been in profit for about a year at all overnight intervals, and it is time for investors to make a profit. Clearly, oil prices will fall in the coming days and will continue to decline again in the safe haven area. The recent occurrence of the Suez Canal also increases surplus production as oil ships arrive a week later, while other ships are moving a...
Hello everyone, if you like the idea, do not forget to support with a like and follow. BRENT is approaching strong resistance in green from Weekly so we will be looking for sell setups on lower timeframes. on H4: BRENT is forming a trendline in red , but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our...
TVC:UKOIL is heading to the $100 zone in the coming few years (2-5 yrs.) according to this bullish Wolfe Wave structure.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
BRENT CRUDE (and EURUSD too as being impacted by crude) is at STRONG quarterly resistance. I would characterize current condition as NEUTRAL to MODERATELY BULLISH. UKOIL is facing 8 quarterly VWMA (No tools to plot that so I am plotting 112 ema weekly which is pretty similiar) Break above this vwma would be very TOUGH, but its likely. If break will occur it will...
With the growing bullish sentiments in the world oil market, price of WTI may hit the upper channel of the bullish wedge before there could possibly be a pullback against our earlier outlook on the commodity (as predicted last week, shown below). Also we have reviewed our target price from 67 to 73. N.B - Let emotions and sentiments work for you -ALWAYS Use...
UKOIL Brent (Gulf oil) is still to rise. Monthly ATR is is 107 pips. And this month we did only 39 percent so far. I believe we will end the year at 54.33. But there will be BIG reaction at yearly low 52.28 from where price released in March. I would exit there. Close with daily bearish candle below 8 daily ema on daily chart will be a signal of trend...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!