2nd August daily key reversal bar indication for weakness ahead. 83.30-50 strong trendline resistance area. price may spike for stop loss hunting. but suspect down for target 79.50.
Oil has been treating previous month's 50% level as fair value. Simple fib level retracement from last Thursday's expansion. Confluence of last month's 50% acting as f value + 70.00 key level + 50% fib retracement level 300 pip drop to previous week's low. Keepin' it simple.
In my previous Wti Oil analysis, I draw attention to the possibility of a double top formed above 120 with the neckline at the 92 zone. Oil has dropped under this support and confirmed this zone as new resistance. At this moment the price is also under 85 support and the road looks clear for continuation. The next obvious level of support is around 65 and as long...
Hi Trades, Crude Oil is on the move today with the price plummeting almost 10% today at the time of this post. We have seen the bearish momentum take out support that has been created and it keeps pushing to the downside. Price is currently trading at around $101 a Barrel and I would like to see the price remain and close below $106 in order for me to be...
We need to break below 101 to confirm the short signal I posted on my WTI Crude Oil (see the related link).
Crude Oil - H4 - shorts at cmp 85.30 with target 73.50 and stops above 87. Lets ride
volatility was expected in an earlier analysis you can find on my page, this chart is an intraday chart and what to expect today
Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production. we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon, -Omicron is...
WTIUSD - Crude Oil Forecast for H1 based on Order Block. Trade safe!
It's looking for good short trade. Price near at strong resistance $76.XX. Goodluck
Short at 73.75 Stop goes above last cluster high (77.5) If it plays like H&S should play (IF!), I would take my profit at 43.75
Hey traders here is a downtrend signal. 49$ price got rejected, this is an opportunity of a bearish setup for oil. Look for selling opportunities on CRUDE OIL as long as the price is trending below the 200 & 50MA.
OIL SELL TP_43.94_7.36%_3.49pips_SL_47.78_0.74%_0.35pips
Descending triangle forming in last 3 days. Uptrend is about to wane and fall under the .236. I think as it falls below and the .236 line is the new resistance, it won't have the strength to move above. Momentum has been sporadic and unreliable, and the inability to gain momentum above 46 is a telling sign that oil can't go up without going back down for now....
OIL SELL TP_41.15_9.74%_4.44pips_SL_46.20_1.34%_0.61pips
WTI had a short-lived spike above resistance and this rise proved to be a false break. Now Oil is trading just in rising trendline support and a break here should accelerate losses towards at least 37.
OIL TP_33.49_15.66%_6.22pips_SL_40.40_1.74%_0.69pips