Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 After breaking below the last major low marked in red at $84.5, OIL has been overall bearish , trading within the rising channel in blue. 📈 For the bulls to regain control, a break above the last major high marked in blue is needed. 📚 Meanwhile, OIL would be bearish...
Affected by the geopolitical situation, crude oil bulls still take the initiative. Although there was a wave of correction after the failed move to $80, another rise is likely in the short term. Once it breaks through the 80 integer mark, it will continue to test the resistance near $82 upwards. The profit margin is still very large, and it is worth buying during...
The first intra day bias will be 78.70 which has eql's Simple as that.
Silver is showing us a perfect impulsive wave in accordance to Elliott Wave Theory. The basic principle of an impulse wave is as follows: Impulse waves = 5 waves Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave...
Bias is Bullish. Daily TF shows 2 weeks of consolidation supported by a Daily +FVG. Friday finally saw a "BO" as price traded through the swing high with a close above it. Note that price is now inside the a Daily -FVG. Potential for a bearish reaction? Yes. However, I believe it will be short term if anything. The 4H gives more detail. One can see...
West Texas Intermediate crude oil trades near $79.80 per barrel, which happens to be slightly below the 20-day SMA and the lower bound of the ascending channel. A breakout above the moving average will bolster a bullish case for oil in the short term, especially if the price closes above the 20-day SMA for multiple consecutive days; the same applies to a breakout...
In the past hours, OIL (WTI) experienced a sharp rise driven by news of Iran's president's death, which significantly impacted market sentiment. This surge allowed OIL to break above the bearish channel and catch the liquidity over the resistance zone, as illustrated on the chart. However, despite this upward spike, the price action suggests that OIL may continue...
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Natural Gas stock Bulls NatGas Support & Resistance Guide AMEX:UNG Stock Forecast USO Oil Stock Forecast DXY US dollar Stock Forecast Gold XAUUSD Stock Forecast Silver XAGUSD
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell USOIL. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 79.09 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
The price may rise to $82 but could also fall to about $70. 101.9 million barrels of oil will be consumed worldwide per day. By next year, the oil markets appear to be oversupplied. Highlights Lower Russian output and more demand brought on by China's reopening could help oil prices. Low demand and a bleak macroeconomic outlook for China When the...
This 2 part video covers... - USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY - S&P500, NASDAQ, GOLD, SILVER, CRUDE OIL Thank you for viewing! Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! May profits be upon you.
The recent death of Iran's President might initially impact oil prices due to concerns about Middle East instability. However, this effect is likely to be temporary for several reasons: Limited Presidential Power: In Iran, the President's role is more executive, with real power concentrated in the hands of the Supreme Leader. Therefore, the President's death...
Shorting the idea the fact that its a retracement move then making another leg lower. Also adding in the fundamentals that inflation is cooling and FOMC is round the corner. watch this space :)
My Dear Robbers / Traders, This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. There is Two Targets Our target is 1 & 2 Danger Logo and Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers /...
My dear subscribers, My technical analysis for USOIL is below: The price is coiling around a solid key level - 82.13 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 83.93 About Used Indicators: By the very nature of the supertrend...
Oil has broken the 15 minute shorts and now are on their way to the All The Way HWB shorts in on the larger 4 hour time frames. You can see how on Friday, the small time frame shorts survived multiple 4 hour candle dives below the 61.8% longs, only to close at or above the 61.8% long. Our 15 minute bias is long and expect it to trade back up to the 82.18-83.42...