UKOIL,USOIL Hi Traders,
i know its a start of the week but here you can find the Cruid oil is on major resistance level and .38% of Fib level who could be very nice opportunity to short ukoi,usoil,cruid oil
Ukoilshort
DeGRAM | UKOIL short opportunityUKOIL is trading in the descending channel.
The price action tested the resistance several times before that acted as support/resistance.
The market is approaching the upper border of the channel and resistance, which gives us a confluence zone.
If the resistance level rejects the price, then we can look for selling opportunities.
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DOUBLE DIP FOR CRUDE OIL - BLACKBULL?? This graph is a representation of my point of you of the futures market (USD).
#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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👤 Arman Shaban : @ArmanShabanTrading
📅 08.23.2022
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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..
DeGRAM | UKOIL short opportunityUKOIL retested the resistance zone and has been rejected.
Price action could not make a new high.
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DeGRAM | UKOIL short opportunityUKOIL moved down as we predicted in the last post.
Price action has created equal support levels. But the new high is lower than the previous high, meaning that the bulls are running out of steam.
The market is in a consolidation phase.
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DeGRAM | UKOIL short at confluent zoneUKOIL is forming a big triangle by making lower highs and higher lows.
Price has previously made sharp moves downward from the 112$ level.
There is a good chance the level could hold the price.
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DeGRAM | UKOIL short opportunityUKOIL is gradually approaching the 114.50-115.00 resistance zone.
On a global scale, UKOIL is moving sideways. There is no clear trend.
We already can see two rejections of the zone.
A false break of the resistance would be ideal moment for shorting.
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Oil correction is almost executedPrice of oil was practically modified on 0.618 according to Fibonacci. It means that in the nearest future we will be able to see continuation of the movement with purpose 88 down again.
Information provided is only educational and should not be used to take action in the market.
Oil waiting for embargoPrice of oil bargains within a big triangle waiting for the decision on the ban on the Russian oil. However, I do not change the idea on reduction of price. I expect an exit from a triangle with the first purpose 88 down. I will remind that earlier the price beat off the upper bound of a treguolnik as I also specified in the ideas.
Information provided is only educational and should not be used to take action in the market.
Time to punch a triangleThe price some time was in a triangle. Now the formation is complete and it is time to choose the direction of the further movement. I expect, as before, the movement with the first purpose about 88 down. If to make Fibonacci's stretching, then it is possible to see the first purpose about 80-81.
Information provided is only educational and should not be used to take action in the market.
DeGRAM | UKOIL short opportunity at confluent zoneUKOIL has been making lower lows on the Daily timeframe. Bears are pulling price down. Currently, price is testing strong trendline and resistence zone 110$. This number is very psychological meaning that a lot of sell orders at 110$ price that creates a powerful confluent zone.
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Price of oil moves according to my ideaPrice of oil moves strictly according to my idea. I set as the first purpose level about 98, correction within a triangle is possible further. But, as a result, decrease to level 88 should be the following movement. Therefore I consider correction for a set of the new short positions.
Information provided is only educational and should not be used to take action in the market.
Purpose 88Oil finishes correction. The price showed a turn in the week graph long ago. Now will act as the purpose not 98, but 88. That is the occurred rebound which removed oversold should give new force for decrease. Thereby the price will leave a triangle.
Information provided is only educational and should not be used to take action in the market.
BRENT OIL TARGETSUKOIL has 2 scenarios
1rst one is the price go up from 107 => 111 than retrace back to 108
2nd one is going down from 107 => 101 and retrace back to 104 or even 107
or drop more till 98.00 and than retrace back to 100 per barrel
Same purpose 98The price moves according to my idea of April 19. Following purpose of decrease 98. In case of overcoming this support down, reduction of price to level about 88 is possible.
Information provided is only educational and should not be used to take action in the market.
Oil saleEarlier oil showed a turn in week the graph, then we observed correction similar to a triangle. Further there was an exit from a triangle up that speaks about further growth. However, the MACD indicator on the week schedule indicates attenuation of the movement up and the forthcoming turn. I consider that the price moves in the descending channel designated by me and about 88 have the first purpose for falling level. It can be seen by means of Fibonacci's stretching.
Information provided is only educational and should not be used to take action in the market.
UKOIL looking for ShortWe can see a possible down move continuation toward $97.00. After a break and retest.
UKOILUKOIL is perfect position their go on fibbs 0.5-0.618 area once is reach a price then is resist then go next support price 88-84$ USD .
UKOILUkoil after reching 138 as recent high, we got down on news that UAE will increase production of oil,
so for this reason 126 level is seems good to have a short trade
and since the sanctions are still there and the demand didn't dropped yet, $97.00 per barrel is a reasonable price to pay.
buy at 97.00
sell at 126.00
UKOIL Will Go UP !!UKOIL is retesting the ascending support line
From the ascending long-term channel once again and the horizontal support at 122.15
I expect the rebound to continue and rise to the supply levels above
crude oil Brent updateBrent over 100 and toward 120-130 usd.
previously we suggest that crude oil won't go over 100 but international conflicts and Iran talk problem broke all resistances.
now C wave will rise.
