Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this...
Hello Traders ! The NATGAS price failed to create a new lower low. Currently, The last lower high (2.543 - 2.592) is broken (change of character) So, I expect a bullish move📈 ---------------- TARGET: 2.728🎯
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 76.03 which is a pullback resistance. Stop loss is at 76.88 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at 74.21 which is a pullback support. High Risk...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
Gasoline (RB1!) has been on a strong Bearish Leg ever since the April 12 High, which is a Lower High for the 2-year Channel Down, and even broke below the 1D MA200 (orange trend-line). Having already touched the 0.618 Fibonacci retracement level, we expect a medium-term rebound, similar to the one on May 04 2023. The rally not only hit and broke above the 1D MA50...
OPEC Secretary-General Affirms Resilient Oil Demand OPEC Secretary-General Haitham Al-Ghais stated at the St. Petersburg International Economic Forum on Thursday that oil demand remains resilient. "It's crucial to stay focused on the fundamentals," he emphasized. "Economic growth, supply, and demand are what drive our decisions." Al-Ghais noted that...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 76.05, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 72.77, a swing low support level. The stop loss will be placed at 78.67, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Well we are in a sell program and we have respected this 1hr fvg. So the remit is pretty simple for NY open.. Wait for a retracement for bearish prices. The Bias is Bearish with the Magnet's as Price tragets for the weekly objectives.
✅CRUDE OIL surged again to retest the resistance of 76.77$ But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Technical analysis of crude oil Daily resistance 74.2, support below 72.7 Four-hour resistance 73.7-74.2, support below 72-71 Crude oil operation suggestions: Crude oil continued the recent extremely weak short-term unilateral downward rhythm yesterday, with the Asian and European sessions showing a downward trend, and the US session suppressed and fluctuated...
W Formation formed during April 2024. The price broke above the Neckline and headed straight to the target recently atr $2.85 The latest development has been an even larger Cup and Handle formation in the process. This has been since February 2024. The price is breaking above the Brim level and the next target is set to around $3.80. Looks good!
World oil fees extended 2% at the buying and selling consultation on June 6, after the European Central Bank (ECB) determined to reduce hobby fees, elevating hopes that americaA Federal Reserve (Fed) will comparable action. Meanwhile, ministers from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, reassured traders that...
WTI crude oil futures are experiencing a downturn, currently priced at $79.37 per barrel, marking a 0.48% decrease. This decline is attributed to the global economic challenges that are negatively impacting the demand forecast. Similarly, Brent crude has seen a reduction in price, now at $83.88 per barrel. The economic recovery in China is progressing slower than...
The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....
WTI/USD is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 76.84 Why we like it: There is a pullback resistance which lines up with the 50% Fibonacci retracement. Stop loss: 78.90 Why we like it: There is a pullback resistance that lines...
WTI Crude Oil has been in a consolidation Phase since the beginning of the month. After breaking out of it recently, I expect the price to go up the decision Point Zone and to then drop. Lets see if this trade works out. TVC:USOIL
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
Crude oil market analysis The recent short position of crude oil is very obvious, the daily large negative line, yesterday there was a signal to stop falling, but it is only a stopover, the general trend is still bearish, crude oil continues to be empty, the hourly pressure is near 73.60, the daily pressure is near 75.00, today we will rely on 75.00 pressure dry,...