In the oil markets, as we saw last April, nobody knows what's going to happen. Those are in a very unstable situations. A key price is 34.27, and when they breakdown that line, the prices could go down to 15.11 ~ 17.50.
Midterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 50.70, 54.75, 57.80 and more heights is expected. Price is above...
We are currently in a very good looking uptrend that is gathering strength to continue. The last part of this trend starts from the middle of the previous month. Current levels are important, where the price meets resistance from the daily chart. However, it seems that there will be strength to break and reach the following resistances: 81.85 82.05 82.27 You can...
Hello, Traders! OIL is having a slight pullback after the major level breakout And it might fall a bit more still However, Just as I wrote in my previous analysis The important resistance level was broken Thus I expect oil to go Up from the support confluence And retest the rising channel resistance Long from support Buy! Like, comment and subscribe to...
Hi Guys, November is ending today and it has been a positive month for WTI unless today's meeting by OPEC+ ruins the party. Since OPEC+ mended their differencies back in April and started implementing drastic production cuts, WTI climbed back above the blue horizontal line and was supported above it before running again this month. SMA points down but still...
Hi Guys, watch out for news from OPEC+ The pattern in the circle may be the beginning of a flag or a pennant. Following the divergence with sentiment (RSI) between S2, S3 and S4, price started a pullback above Saudi-Russia Oil Price War levels of 43.830 where it formed the pattern inside the circle. So far the pullback is made of an impulse(1), a...
I can see that wave 5 in the chart is equal in length exactly on the January Future contract to W3, this is a common length for W5, W1 is shorter than both so it fulfils the conditions, breaking above 46.26 will signal upward continuation up to 47.9 which is 262% Fib ret of W4 and we will have an extended W5, also this level will see huge resistance because Brent...
We're looking to get into short positions on WTI and US30 (down jones), our system indicates that we could see price action move lower once the levels listed (fibonacci retracement) are reached. Trades can fail, and many times they do, so trade at your own risk, but if we could give you a tip it would be this: Start using structured position sizing, the way we...
Daily/4H/1H time frame analysis. Key levels. Bullish and bearish scenarios discussed. Trading recommendations are given. Please, support this video with like and comment, thank you!
WTI is showing me excellent shorting signs right now... and based on the video analysis I am sharing with you here, it might just all go to plan! Our complete system agrees there is a higher porbability of down-side than upside! (Some profit taking could occur)
New higher high higher close on WTI on a daily. Now, 41.0 broken resistance turns to support, and from that bullish continuation is expected. After a massive buying wave during the last two days, the market is relatively overbought and we may see a pullback first. I would recommend buying strictly after a pullback. Next goal for buyers is 43.25 (major daily...
Price action and daily time frame analysis on WTI. Bearish scenario and key levels explained. Please, support this video with like and comment. Thank you!
WTI daily/4h time frame analysis. Bullish clues and bullish scenario explained. Key levels identified. Please, support this video with like and comment. Thank you!
It can become a triangle here if the price will retrace from MA200 and level 40.80 If the price will continue to break this levels I see a buy until 43.00
US Oil has had an incredibly strong recovery since reaching negative territory back in April. It now seems we're running out of steam and levelling off, offering the potential of more downside. Following price action it now seems we're being squeezed into a flag pattern and approaching a boiling point (technical flag patterns have been proved to react well on both...
WTI on the rise! After confirming our turnaround zone in yellow, oil is poised for higher prices. The end of wave 3 in green is expected in the area of $60. However, we do not want to see prices dipping below $38.45. Below this support line, chances accumulate that further correction is on the way, as the bears are gaining in strength. Should oil trade below...
Hello Traders Investors And Community, Welcome to this analysis where we are looking at WTI 12-hour timeframe perspective, the recent events, the current formational structure, and what we can expect the next times, WTI has recently successfully filled the gap at around 36 as expected, if you did not saw this analysis already I highly recommend you watch it by...