If we get a good NFP number tomorrow, does that mean the US jobs market is strong? What will the Fed do? Raise rates, increase QT? Fundamentally we should be seeing lower GDP, lower wages, lower demand and with that lower Oil. Technically, we have higher GDP, stable wages, mixed changes in demand and lower oil. This EOD strategy has been set, and now we just...
If we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
Based on the macro wavemap for UKOIL, its fairly safe to assume that the value of this commodity will increase by 396% over the next 4 to 5 years. Seemingly in a Flat corrective wave, the new all-time high near $324 should send price to retest the $60 range (at the highest).
●● Preferred count ● CFDs on Brent Crude Oil (TVC) , 🕐TF: 1M Fig.1 The three-wave movement within the framework of wave III of (V) is not completed. The minimum target is the same — to exceed the wavelength of wave II , which will lead to a rise in the price to $ 150+ . The subsequent wave IV will return the price to the current...
Oil prints this great weekly candle, which suggests that price is going to revert back into Value, and deems the excessively high oil prices as a tad overpriced, which is great. We have this big weekly pin inside the range of the previous candle, and typically these produce some great trades as the bearish pressure starts to build, we can look to aim for three...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on MONTHLY: Left Chart USOIL is sitting around a strong support zone 70.0 - 75.0 , so we will be looking for buy setups on lower timeframes. 🏹 on H1: Right Chart For the bulls to take over, we need a break above the previous major high in gray. Meanwhile, until the buy is...
UK Oil/Brent As we can see price is going down in descending channel. Bearish divergence is formed and signalling for lower targets. I will expect to reach region of $69 by the end of March and area of $57 by June/July. Let me know what you think!?
Brent oil, which has been in a downtrend for weeks, will break the trend if it closes this day above $86. If it continues this movement with volume, the target of $ 98 will be valid. As long as it stays above the $84 support, the positive outlook will continue.
I was overweight energy for most of 2022 selling my exposure around the summer and the remaining in the fall. It was not and easy decision but the trend in WTI and Brent prices was too bearish to ignore. Seems to me now It's only a matter of time we take out the 2022 low of 12.66, the more intriguing question is where we go once we get there ? On the weekly...
Jupiter Pendulum was tagged red so we found a short setup at red shade as per Jupiter Pendulum Theory When the divergence formed and we got our signal candle, we had an entry
Crude Oil nicely reacted to a confluence zone based on a horizontal daily structure support and fib.retracement levels. The price broke and closed above a resistance line of a bullish flag pattern on 4H. I believe the market will go higher after a pullback. Goals will be 79.5 / 80.89 ❤️If you have any questions, please, ask me in the comment section. Please,...
Current price remains below its 40 week moving average (200 days) which indicates that the longer term trend is lower (100 days or more), however, the scope for a further near term (25 to 50) corrective upside rally from the November high - December low remains on the table, provided the key resistance near $85.05 can be overcome for prospective extension move...
Our priority scenario in CL remains the same. A fall in price to $72.37 looks most likely. In case of growth above $80, this scenario will be cancelled.
We have spotted earlier a confirmed breakout of a resistance line of a falling wedge pattern. The price closed above that on a daily. I believe that the next goal for buyers will be 81.4 I will expect a bullish continuation to there. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Our preferable scenario in CL is the development of the medium-term downward price movement in wave iii, which can lead prices to the first target level of $72.39. If the price rises above $80, this scenario will change.
Hey traders, I spotted a confirmed bullish breakout of a falling wedge pattern on a daily on WTI Crude Oil. That indicates that, with a high probability, the market will keep recovering. I expect a bullish continuation at least to 81.4 resistance. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Demand for crude oil is expected to rise after a cold wave hit USA, which will likely increase the demand for oil distillates, easing of the COVID measures in China and US crude oil inventories coming up less than the analysts have had expected. British crude oil benchmark, BRENT, had broken the resistance of the triangle pattern, a strong bullish predictor, and...
We continue to stick to our priority scenario in CL and believe that a rise in wave (c) looks the most likely. Price drop below $72.37 jeopardizes this scenario.