Goal: +8805 (UKOILSPOT)Expect UKOILSPOT price to increase 8805 units. If price closes above 97.325, then watch for bullish price action signals.
Crude Oil Brent
BRENT CRUDEHello and welcome to this analysis
UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support.
The expected rally from the suggested levels could take it towards $115
In case the up-move takes place before completion of the Harmonic Patterns, then the confirmation will come on it sustaining above $101
In terms of MCX Crude - the corresponding levels are
$ 85 > INR 6100
$ 101 > INR 7600
$ 115 > INR 8400
#UKOIL (Brent Oil) : 08.23.22 This is the possible trend of #UkOil (Brent) and there's 3 scenario that i indicated them on the chart , everything is clear , but just in case if you had any questions please feel free to ask !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.23.2022
⚠️(DYOR)
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📈BRENT 08/23/2022: buyers in action❗️📈 Priority direction: Up .
📝 Description: There is interest in oil around the $95 level (on average) and most likely further events will develop above this level. The approach of the level to $98.55 is expected. Globally (medium and long term) as long as oil is above $91.70, buy-priority to $100 and above remains.
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📈GOLD 08/23/2022: on the edge❗️📈 Priority direction: Up .
📝 Description: Yesterday's dive down the metal under $1736 allowed to open long positions only after its recovery above this level. For now, the buy-priority remains, however, any close below $1736 automatically creates the threat of a fall to the support of $1715.
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📈EURUSD 08/22/2022: parity again❗️📈 Priority direction: Up .
📝 Description: The euro is once again close to the parity level. Approach to this level is almost inevitable and a recovery from this value is also very likely. One should not look too high yet, the resistance area near the level of 1.01215 is now considered as a maximum for this.
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📈GOLD 08/22/2022: logical correction❗️📈 Priority direction: Up .
📝 Description: The metal continues to be under selling pressure since the end of last week and an approach to the $1736 level is very likely now. The price area around this level acts as a support, thus, it is logical to expect some kind of stop in sales and some kind of upward correction. The mark at the level of $1752 is still considered as the maximum value for correction. In the best scenario, the price will correct to $1770.
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UKOILUKOIL is on small rend change possible .
bullish falling wedge pattern is show on good support & supply area also is go to two targets .
CRUDE OIL intraday trading & back to the home ⬇︎ 19 AUG 2022CRUDE OIL intraday trading alert
3 steps must fulfill before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the home ⬇︎
More info in my profile..
Good luck traders..
📈BRENT 08/19/2022: positive attitude❗️📈 Priority direction: Up .
📝 Description: The price of oil still broke through the resistance line, which was indicated yesterday, and yesterday's alternative buy scenario automatically worked. Today and in the near future, growth is expected to continue towards $98.55. There is resistance at the levels of $96-$97, and as a result of passing the indicated value, the instrument is more likely to acquire an upward character again.
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📈GOLD 08/19/2022: sales stop❗️📈 Priority direction: Up .
📝 Description: Yesterday's spruce at the level of $1752 was successfully reached and now it is expected that the fall in the metal will stop and we can expect the price to approach $1764. At this level, there is a resistance line of the downtrend channel. Volume analysis also confirms the moment of pause for the fall. There are prerequisites that gold at the indicated levels may again turn up locally.
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📉BRENT 08/18/2022: push to $91.70❗️📉 Priority direction: Down .
📝 Description: Oil sellers are trying to push the price to $91.70 in order to push it even lower. Most likely, the approach to this level will take place and even the price will fall under it, however, the general mood is still in favor of buyers (longer-term view). An alternative scenario involves buying approximately from the current ones with a target of $95.
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📉GOLD 08/18/2022: sales prevail❗️📉 Priority direction: Down .
📝 Description: Gold continues its downward movement within a small downward channel, as expected. Based on the technical analysis, as well as volume sellers prevail and the price drop is more likely to continue. The $1770 level is an attractive sell entry point. The target of the fall is now the support level of $1752.
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Brent: Territory 🐻The bears have their territory under control and plan to extend it further, more precisely, till the blue lake between $76.67 and $70.61, where they should fish for the end of wave 3 in blue. However, there is a 38% chance that the bulls could make an appearance and challenge our furry friends. This challenge, though, should only be successful if they can make it above the resistance at $107.64. And even if they can assert themselves, their influence should merely last through the turquoise zone between $109.81 and $118.58. Then, the bears should regain power.
USDWTI H4 - Short Signal CompletionUSDWTI H4
We are almost reaching the end of this trading setup, eventual target was, or is... $84.50/barrel. This ties in nicely with our D1 S/R zone as indicated on the video analysis above.
Interested to see where we go from here.
📈EURUSD 08/17/2022: slight increase❗️📈 Priority direction: Up .
📝 Description: At the moment, the currency pair is in the support area, that is likely to contribute to a slight recovery. Targets for growth today are 1.02000 and 1.02300. When the level of 1.01215 is broken down, buying ideas are cancelled.
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📉GBPUSD 08/16/2022: local reversal❗️📉 Priority direction: Down .
📝 Description: The currency pair has entered the stage of a local reversal, as a result of which short is preferred. The upper limit of the balance, that was broken down, will now most likely act as resistance. As long as the price is below 1.20830, then sales are relevant. If the price fixes above, one can look for short-term long.
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CRUDE OILHELLO GUYS THIS MY IDEA 💡ABOUT CRUDE OIL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Buyers from this area will be defend this Long position..
and when the price come back to this area, strong Buyers will be push up the market again..
uptrend + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
📉GOLD 08/16/2022: sell-priority❗️📉 Priority direction: Down.
📝 Description: Yesterday's sales broke through the $1780 level, as expected. The current price (below the same level of $1780) now favors the same sell-priority. The price also broke through the moving average below, and the volumes are located below in such a way that selling to the market is more interesting. The $1787 level is now acting as resistance, and now only if this resistance is broken and consolidated, it will be possible to talk about the continuation of the recent upward movement.
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Crude Oil (WTI): Technical Outlook For Next Week 🛢️
Hey traders,
WTI OIL is currently trading within a falling expanding wedge pattern.
While the market stays within its boundaries we remain bearish biased.
The price started to fall from a minor horizontal resistance in the middle of the wedge on Friday.
I guess that the price may drop even lower after the market opening.
Two underlined resistances are on focus for breakout/pullback trading.
I will post an update once I see a decent confirmation.
Good luck!
❤️If you have any questions, please, ask me in the comment section.
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📉GOLD 08/15/2022: probable fall❗️📉 Priority direction: Down.
📝 Description: The current location of the price under $1792, most likely indicates a short-term dominance of sellers. There is a high probability of breaking through the support line of the rising channel. It is assumed that such a market situation will lead the metal to fall to $1774.
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UKOIL back to Prices before February 24th? This graph is a representation of my point of you of the futures market (USD).
