USWTI chart on the 3D/Weekly time frame. -Oil is difficult to predict, so political -Short term bear -Weekly rounding over but the monthly trend is still up None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
This is my Analysis on OIL for this coming weeks, I see oil very bullish looking to form this bullish Head & Shoulder Pattern.
The possible trend of oil due to the overall downward trend
✅CRUDE OIL went up sharply But a strong resistance level was hit Thus I am expecting a pullback And a move down towards the target SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Been a crazy volatile past 2 sessions (Friday and today) and been attempting to go Long. I think it is time to move back over the 80$ mark and off to 93.50$ or higher. Not too in formed about the fundamentals but I will trust my chart on this one. ps. I cannot cross out the possibility of 70-71$, it is still valid but less than 25% probable. One Love, the FXPROFESSOR
The WTI Oil (USOIL) followed the exact projection we made earlier this week, as after a rebound to its 4H MA50 (blue trend-line), it got rejected again and even broke as low as the Support Zone 1: By doing so it reached the 1W MA100 (red trend-line), which is the most important long-term Support. Last time it hit that level (September 26), it made an...
This analysis allows us to see the two scenarios of buying and selling, as well as the need to wait for a confirmation in shorter time frames in order to enter the market confirmed.
WTI mapping for learning purposes only. Training Mapping Day 02. Wn Traders 🌹
Hello traders! We are seeing that the oil demand is declinig, affecting the pair and making bulls be aware of future declines. Also we found in the charts a recongnize pattern of a head and shoulders, with a target around 1.30 if it breaks the support among the 1.36 level. The FED is fighting againts the ghost of recession and the 10 years bonds are fearing a...
This post is a continuation of a previous post, which is based on a longer-term analysis: Natural Gas / NG - What, Truly, Is a Bull? With Wednesday-Friday and Monday morning's long-awaited dump into the fabled double bottom around $7.4, natural gas can only be considered to have formally shifted into a bearish market structure, based on both the 4H and...
Previously, we stated that we wanted to avoid setting a price target for the short-term and medium-term because of high volatility and rumors (then actions) affecting OPEC's supply. Instead, we said that we would focus on our long-term price target of 70 USD. Since then, the price of WTI oil had fallen approximately 4% before erasing some losses. Today, we are...
WTI: Deflation has started 2022. Dollar on the rise to previous highs WTI has no room to be in Extended Range any longer. With Stocks and inflational products keeps going lower. Dollar domination is just getting stronger and VIX is still supressed relative to history. All this is about the breakout to the upside. Oil will reach 65 WTI price this month because of...
Price reacted off the 79.90 and 79.10 area nicely. If you do not have any buy trade at the moment, you can consider waiting for the breakout above the 83.30 confirmation level. As long as price remains above 76.55, we continue to remain bullish and expect more upside.
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Although oil price rebounded yesterday, there is not enough momentum for keeping the uptrend. The overall trend is still downward. From the H4 chart, the lower high after it breaks the 82 level also shows that oil prices as a whole continue to remain bearish. I think it would be better to stay patient and wait for a pullback to enter the market. for short...
Price is currently testing the bottom of the channel and the 127.2% extension level around 76.90. If we can get an impulsive break above the confirmation level at 80.60, we can expect more upside from here.
WTI reached its 8 months low, after the spike in price from the invasion in Ukraine. Investors are afraid that combination of increasing interest rates and high inflation will slow down the economy, from there and the demand for crude oil. The economic slow down of China has also put a down pressure on the oil price. Technical indicators are also placing WTI into...
Oil continues to fall due to the recession and even with the announcement of the US interest rate increase, $75 is not far from reach.