Update on below chart. Could be more upside yet before a larger correction.
WTI has had an explosive run the past few weeks. It will continue but a breather is needed. 618 fib and top of the BB will provide formidable resistance. Looking for retrace to the .5 or .382 demand zone.
UKOIL / USOIL idea I expect a long because : - The trend is bullish - Formed a bull flag . I still expect continued growth to the level of 37-38$.
Currently Oil is apexing and finding a resting spot over the consolidation zone below whilst hitting its head against resistance zone one (this is a zone of price and not a fixed price) I’ll leave the prior trendiness intact until weekly close as this market, although moved north, hasn’t given enough confidence. A push to R2 would show this. Oil has enough...
Brent Downside 13:35:40 (UTC) Tue May 19, 2020
Bullish if this flag plays out, We are now pricing for August prices, world economy is opening up slowly
Looks like oil is nearing the end of a 5th wave after exiting a typical 4th wave triangle; May see a correction soon before another impulsive move upwards.
UKOIL / USOIL idea I expect a long because the trend is bullish. I still expect continued growth to the level of 34-36$
UKOIL/USOIL idea I expect continued growth to the level of 34-35. A symmetrical triangle has formed - a trend continuation pattern.
Hello, my dear subscribers. Who has read my articles before you should know that the price of oil should cost up to $20 per barrel. The goal is achieved. Now oil is growing on Trump's verbiage, but this is wrong, this is a big mistake, the market does not work like this. The market will punish Trump, the coronavirus has reduced energy consumption and spending, for...
I see UKOIL drop to Cam S1 and trendline area for now. If trendline will be broken with a proper breakdown it will drop further. It was rejected at Cam R1 (above that bullish weekly dominance) Cam S1 - R1 - neutral area of last week´s close, range zone. Stochastics on 2 and 4 hrs overbought. For educational purposes only.
UKOIL reversed off its resistance at 21.74 where it could potentially drop further to 13.54. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
hey guys, I noticed this falling trendline on 4H and daily chart and it looks like currently, it provides the strongest resistance for the crude price. from the 20th of February each touch of the trendline led to a strong wave to the downside and this time we may see the same thing. next week pay attention to 19.0 - 21.0 area and look for a signal to...
HI NEWS: -Top oil hedge-fund trader sees more pain for crude as coronavirus crushes demand -Dow Jones Rises As Pace Of Job Losses Slow; Oil Prices Recover personal opinion: -Given the declining demand for oil, we will probably see oil spill again, but we can't say for sure that this is why I want to know your views. Please follow my support and like my...
UKOIL to climb from its upside confirmation at 21.99 where it could potentially bounce further to 29.19. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
UKOIL bounced off 27.26 where it could potentially rise further to 30.65. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
UKOIL expected to rise up to 1st resistance at 35.88 where it could potentially react off and drop down to 1st support at 31.10. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
I show a broad kill zone on 1D chart of UK Oil. Features: 1. Price coming into a zone of congestion. 2. Double pump on Squeeze momentum - which means movement upward of price is more likely to be a minor rebellion. 3. Price below the ATR line. 4. RSI struggling at this time of publication to get above 50. Short-sellers should not act on this set up unless...