UKOIL 4h short ideaUK OIL has been showing will retest the supply zone around 114 to 116 and dump to continue its down trend and finish the wave 5 of elliot
Crude Oil Brent
DeGRAM | UKOIL short opportunityUKOIL went down as we predicted last week.
Price action is gradually shifting from bullish to consolidation, and possibly to a bearish trend in the near future.
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Brent: Knock, Knock!After it has knocked at the resistance line at $112.43 already twice, we expect Brent to rise above this mark and into the white zone between $113.88 and $123.14 to finish wave (2) in white. Afterwards, Brent should fall below the support lines at $104.67 and $97.56. There is a 28% chance, though, that Brent could soar through the white zone and climb above the resistance at $123.71 until the bottom of the pink zone between $133.80 and $137.40 first before moving downwards.
CRUDE OIL (WTI) Important Breakout & Bearish Continuation 🛢
Hey traders,
WTI Crude Oil broke and closed below a support line of a bearish flag pattern on a daily.
Now I expect a further decline.
Next supports: 99.0 / 95.2
Consider an occasional retest of a broken support of the flag for entries.
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Please, support my work with like, thank you!❤️
CRUDE OIL intraday trading & flying to the moom 🚀 23 JUN 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 SKY 🚀
More info in my profile..
Good luck traders..
CRUDE OIL (WTI) Important Update & What to Look At 🛢
Price action analysis on WTI crude oil.
Breakout attempt discussed.
Potential scenarios explained.
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Please, support my work with like, thank you!❤️
Crude Oil [USOIL] Daily Outlook |Jun 23Hi All,
here's what am looking at today. Will price hit our targets?
We shall see...
Live trading session at 8:45AM EST (Mon-Fri)
Regards,
Kings
The beginning of falling from 126Those who waits for the beginning of falling needed to wait a little. Most likely the price draws a final diagonal triangle and after achievement of level 126 the complete trend reversal is possible.
Information provided is only educational and should not be used to take action in the market.
USOIL [WTI] Daily Outlook | June 21Would you risk 92pips fpr 380+pips profits?
Let me hear from you.
I will update here later.
Kings
USOIL [WTI] Daily Outlook | June 20Updating on USOIL for the day.
Last weeks analysis was a blast, big congrats to all that caught that move.
Let's meet during my live trading session at 8:45AM EST (Mon-Fri)
Kings.
OIL, Breakout the support and retesting . UKOIL . Update Hello traders. Everything is clear on the chart for you like always, the Oil breakout the support and now retesting, So I expect correction to 106 $ and then 100 $.
Good luck.
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Write your comment and opinion here to me
MarketBreakdown | WTI Crude Oil, USDJPY, USDCAD, AUDUSD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ WTI Crude Oil - Daily time frame 🛢️
The market has recently retraced from a resistance line of a rising parallel channel.
The goal for sellers is the support of the channel now.
Be prepared for a bearish continuation and then look for a long trade from support.
2️⃣ USDJPY - Daily time frame 🇺🇸🇯🇵
The pair is currently retesting a current year's high.
I believe that chances will be high to see a retracement from that.
3️⃣ USDCAD - Weekly time frame 🇺🇸🇨🇦
The market is steadily growing within a rising parallel channel on a weekly.
Ahead is a channel's resistance.
I will expect a strong bearish move from that.
4️⃣ AUDUSD - 1H time frame 🇦🇺🇺🇸
AUDUSD broke and closed below a support line of a bullish flag pattern last week.
The pair is steadily recovering now.
I will be looking for shorting the pair on a retest of a broken support of the flag.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
BrentCrudeOil short term updated 21/June/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
DeGRAM | UKOIL short opportunityUKOIL tested the major resistance three times and failed to go higher.
We have predicted the final test of the level and now trend is slowly shifting.
Long - term prediction is consolidation between 100$ and 120$ price zones.
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OIL - Clear SHORT Targets!Oil has shown us clear price action where we can see an impulse, ABC correction and now we're in the next impulse phase.
The weekly timeframe indicates that the bullish wave is over and we may see a deeper correction now.
A simple way to enter Oil SHORTS is by waiting for a correction on lower timeframe.
Trade Idea:
- Watch for any sort of corrections on lower timeframe
- Enter with stops above that correction
- Targets: 94, 85
What do you guys think?
USOIL [WTI] Daily Outlook | 17-JuneHere is what i think might play out today.
Best when proper risk management is applied.
Kings
CRUDE OIL (WTI) Important Update & Potential Bearish Move 🛢
Multiple time frame analysis on WTI Crude Oil.
Price action & structure.
Potential bearish scenario explained.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook 🛢
Hey traders,
WTI crude oil is steadily growing within a rising parallel channel.
The price is coiling around its resistance for the last two weeks.
Analyzing the reaction of the price to that structure, I spotted a peculiar horizontal range on 4H.
116.6 - 118.0 is its support.
Wait for its bearish breakout as your trigger to sell.
Then a bearish continuation will be expected to 112.4
If the price breaks the resistance of the range, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Crude OIL (XTIUSD) AnalysisTechnical Facts: Considering Technical analysis, Crude Oil already touched the second highest price in this week. now it’s high time for retrace. The Immediate support level is 117.80 to 118.20. A Strong break can lead the oil price till 114.18 which is the strongest support of 114.18.
Fundamental Facts:
Russia is one of the largest producer of Crude Oil in the world. a recent ban was imposed on Russia in 3rd June, 2022 by European Union. When supply decreases, demand increases and the price goes up. if EU cant convince Saudi Arabia to produce more oil and make a balance of the demands, the price might go up till 130 as well. therefore, the analysis might be invalid.
Signals:
CRUDE OIL
SELL STOP 117.80
SL# 119.61
TP# 114.18
OIL Required Demand Oil prices went double in short time and maybe War play a long role but for short period it can drop at 86 price.
Due to inflation peoples can't afford high prices other side Businesses same position.
UKOIL H4 Potential Bullish rise With price moving in an ascending channel and in an uptrend, we have a bullish bias that price will rise to our take profit area of 125.07 in line with the horizontal swing high resistance. We are currently waiting for the confirmation of further bullish move with the break of our 38.2% Fibonacci retracement and horizontal pullback resistance at 121.70. Alternatively, if price does not break, we are expecting price tp head for our stop loss at the 50% Fibonacci retracement and horizontal swing low support at 118.93.
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USOIL 14th JUNE 2022Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish. in July, USOIL sentiment will tend to be bearish.
The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day at the 29th OPEC and non-OPEC Ministerial Meeting on June 2, reports the organization’s press service. US President Joe Biden has repeatedly appealed to Saudi Arabia to increase its oil output without success. UK Prime Minister Boris Johnson also asked Saudi Arabia and the United Arab Emirates to boost production. He too was rebuffed.
