My Dear Robbers / Traders, This is our master plan to Heist WTI Crude Oil Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders...
This is higher time frame bullish scenario on USOIL (WTI). This is only applicable if a bullish breakout occurs. 1. The price is inside a triangle which is getting squeezed and reaching its apex. That means we are going to have a breakout very soon. 2. Recently the price completed and M pattern and jumped higher. When M pattern completes the market goes...
Brent had enough with a triangle to complete B from its correction seems we're heading to play wave C to complete the correction 92.15 will invalidate the pattern
Pair : US OIL - Crude Oil Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Demand Zone Fibonacci Level - 61.80% Consolidation Phase in Short Time Frame Break of Structure
The macro formation of Brent's chart paints a potential dismal long term picture. Considering scientific estimations that the earth will run out of oil near 2050, maybe its not so farfetched after all? My previous oil charts with macro bullish outlook should be considered null.
#USOIL As predicted last time, we observed a significant drop following the breakout identified in the bullish channel. Currently, we see consolidation, a bearish impulse, and now a pullback. We anticipate another downward movement once the current bullish impulse concludes. This is expected to retest the recent lows near the major demand zone previously highlighted.
**Monthly Chart** Brent Crude (spot) - UKOil, last month's candle closed lower after testing the previous month's key reversal, this indicated that UKOil is going to continue its move lower. This month's candle which is still active, has opened from the bearish closed candle of May and started moving lower. However, the pair is moving within a long-term range as...
WTI Crude Oil is trading in a bearish trend on a daily. For the entire month of May, the market is consolidating within a horizontal range. I believe that a bearish trend will continue after a violation of the support of the range. I am waiting for its breakout to sell the market. A daily candle close below 75.5 will confirm a violation. A bearish wave will...
Preferred direction: SELL Comment: During the American session today we are expecting a lot of data, including one of the key indicators, namely Canada's GDP . Unlike other majors, the USDCAD currency pair has more chances to fall than to rise, although at the moment everything looks in favor of the American. It is best to consider the deal closer to the...
My Dear Robbers / Traders, This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, Market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers /...
Pair : US Oil Description : Completed " 12345 " Impulsive Waves Break of Structure Head and Shoulder Bullish Channel as an Corrective Pattern in Short Time Frame Demand Zone
Base on daily timeframe market will go short till it reach target level 600 profit
Global shares rose while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a consumer price report that could prove decisive about when the Federal Reserve cuts interest rates. The frenzy in so-called meme stocks entered a third day, with shares in AMC and GameStop soaring by more than 25% at...
The USOIL has recently signaled a bearish breakout from its previously bullish channel. Additionally, there's notable evidence of selling pressure around a highlighted resistance level, suggesting a reversal in trend. As a result, we anticipate a continuation of the bearish trend towards a significant support level, which has previously shown considerable buying interest.
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
May is not always a good month for crude oil. When you look at the last 40 years, there is a positive change rate of less than 50%. However, Crude oil is moving to the support resistance point, and its performance in the last 8 election years, from the beginning of the may to the 21-22 of May during the election years, is 7 years positive and an average return of...
UKOIL didn't have the strength to reach $94, but it seems that Bulls have not gotten the memo just yet. Perhaps a break above $90 reignites the path? I'm doubtful, but we'll see. Failure to pass and hold levels above $90, will likely send UKOIL back to mid-high $70s (before the next major run).