Price has moved up for the past 6 weeks with no significant retracements. + Overly bullish psychology. Many predicting $100 oil. DISCLAIMER: This is not financial advice. The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
if high breaks ,oil can start big + trend to 100$ area ,so after yesterday high break,looking for buy(low size) in 15min chart deep until 100$ with sl=last low or day low or 40pip (until 100$ dont pick sell signals if you have old sells, 100% put hedge buystop on yesterday high if you have open buy, dont close it soon, oil with zigzag and mini crash can go to...
Today, I will explain my perspective on one of the most relevant commodities in the world. After the price broke the current support/resistance level, we observed a 26% correction, and currently, the price has broken the structure. We can observe the same behavior in the previous bull runs from 2007 to 2009 and 2010 to 2011. The sequence is a Big structure...
Basically, the demand for oil will increase after the risk of the market going off due to the risks and the corona crisis. As it was revealed in yesterday's calendar from the report of oil reserves for the United States, its consumption has been increasing sharply. There is an increase in demand for oil for global oil. But there is also an important issue to...
Using the fisher theory of ACD, i planned out my trade, however thankfully because i had Stops. I got out, and thankfully my account didnt blow. however predicting the market can always be hectic which is why i dont do that, i try to look for pullbacks, or swing trade. my main issue is holding my winning trades. Wednesday im going to be a bit bearish and lets see...
We have been following this bullish sequence on WTI Oil closely since the December 02 2021 bottom and so far is following our projection to a great extent: As you see, the most recent pull-back (red arrow) was successfully made on the yellow Lower Highs trend-line and after the price recovered, it re-tested (green arrow) the line as a Support, which is so...
and above green arrow near 72 looking for buy (buylimit) for hold 2-3 week to new high if you have old buys, 100% put sl or hedge sellstop under yesterday low
SL=0.50 $ tp= 84 wait time=avg 7 day as predict before , oil reach fibo 61% and pull back down technical say gold must go up (price is above sma200=looking for buy in deep) ALERT =save on mind = on bad news if low break , gold easily can crash to 50$, so put SL and if oil goes under SMA200 daily , dont pick buy
Oil prices are currently in a consolidation. Nonetheless, oil is a factor in increasing or decreasing infaltion. Internationally, however, several factors have an impact on inflation, which will lead to the oil price rising to $ 100 a barrel by the middle of next year.
US crude is on an uptrend, and you can trade for a higher target after the price breaks and pullback.
This is an update to a pattern on WTI that I've been working on since August: As you see, the price did eventually rebound and right now is consolidating within the 1D MA200 (orange trend-line) being the Support and the 1D MA100 (green trend-line) being the Resistance. This is similar to the August 25 - September 10 consolidation, looking like another...
The chart pattern may give a clue for which way the Medium Trend may go?
WTI is showing solid signs that we could be moving into a bullish market in the current trading week. We have already executed longs and have added to them, our take profit levels are already listed and we will determine based on short-term price action which level will be our profit target. Since we will compound the possible upside we might be getting out...
i am monitoring beacuase is in range channel. both idea are possible open deal by candlestick confirmation.
✅CRUDE OIL Is falling from the recent highs In a bearish correction to retest The strong key support level below Once the price hits the level I am expecting a strong rebound And a move up to retest a local resistance above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hey traders, As you know, for the last two weeks I was very bearish on OIL. Spotting the overbought state of the market I was looking for a channel breakout trade. Once the channel went broken, I was looking for a retest of its broken support to short. The price formed a cute double top formation with a lower high retesting the broken trend line. My trigger...
Following on from my last post. Heavily rejected after Megaphone pattern after a false break on 5th resistance touch. Playing it safe so target for my exit is midway, roughly $82.94 but it could go all the way to $79. If it passes midway with some conviction I may only take half the trade out. Got to play it safe when oil is in a new paradigm like now.
The paper successfully tested a new height and is moving higher. Fundamental factors are on its side. It traded. I recommend to take with fast targets to 33. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the...