Brentoil
Brent bearish Head&Shoulders patternWe see bearish H&S pattern on Brent H4 chart. Also there is strong triangle pattern, thats why we can put limit orders, if bearish H&S pattern will confirmed it will be sell signal, if market will break $87 resistance it will be buy signal...
brent buy#Brent crude oil - M30
📣 With the failure of the down trend in the range of 83.70, there is an expectation of price growth up to the range of 85.00.
USOILThis situation has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️️
ALL Crude Oil Fractal Corrections' Structures Are Bullish!As forecasted in our Jan 29 post (chart below), crude oil found strong support to reverse price to the upside and price is now back at another resistance level at 80 circa. A break above the resistance level will expose crude oil price to test the swing high at 90.
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#crudeoil
#wti
#brentoil
USOIL CAN RETEST A NEW LOW CLOSE TO $70The trend line has already been breached and now we can expect the price of oil to follow a new low while the recent bullish trend formed already retraced more than 61% on the fib. On the daily timeframe, we are following a major bearish trend for a few months now which already retraced and almost wiped off the gains that happened last year.
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USOIL WTI H4 Triple Top Pattern Breakout Target 74.70USOIL WTI H4 Triple Top Pattern Breakout Target 74.70 area let's see the market condition.
USOIL RESISTANCE LEVEL ABOVE 80.45 PROVED TO BE STRONG AFTERALL!After many touches of USOIL and followed by rejection, the resistance level above 80.45 actually proved to be strong. Having created micro double top at the resistance level, USOIL is likely ready to re-test its support level.
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#crudeoil
#wti
#brentoil
Crude Oil (WTI): It Will Keep Falling! Here is Why: 🛢️
Crude Oil broke and closed below a support line of a rising wedge pattern on 4H.
Taking into consideration that the market has recently reached a solid supply area,
probabilities are high that the market will keep falling.
Goals: 78.3 / 77.4
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Crude Oil (WTI): Detailed Technical Outlook 🛢️
Multiple time frame analysis on WTI Crude Oil.
Price action & key levels.
Trading recommendations & potential scenarios.
❤️Please, support this video with like and comment!❤️
beginning of 2023 will be bullish for oilFrom the previous analysis I analyzed as oil could bottom at 75 dollar.
However it broke my resistant and stayed at 70 dollar point.
Even the oil broke my resistant line. I kept my bullish analysis because it didn't show any major bearish pattern.
I personally confirm that recent bearish move was just a fake one.
I adjusted my bullish target to 90 dollar and I will re-analyze oil again when it reaches to my target.
Double overselling term is showing and sustainable oil demand will push to higher price indeed.
USoil to 70 in 2022Taiwan' s conflict between China is rising in thesedays. people were optimistic about WTI
but now they concern about the major war could begin in pacific ocean near Taiwan.
If China begins the war with Taiwan. The US will sanction on china and the most demanding country of Oil will disappear.
Low demand will lower down the price.
Also the MACD is telling me that WTI has no luck to go higher.
FED could catch inflation but it could create depressing deflation.
Let's see traders! good luck.
Monkeypox is still surrounding us also.
What To Expect After Crude Oil Rally Above Resistance Level!USOIL price closed above resistance level @80.48 last week and with increasing bullish momentum, price may likely re-test the next swing high observed @92!
#usoil
#crudeoil
#wti
#brentoil
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
Brent: Wax your Skis ⛷️Brent accomplished the climb above the $86.06-mark and should continue to rise to finish the blue wave . Once completed, we see the course heading for a steep downwards slope to dip right into the green target zone between $77.13 and $42.20. Within the target zone, we expect the Oil to sink further to end the blue wave around the $62-mark, before rising back North to wrap up the blue wave . Followed by another correction, the course should dig deeper and get closer to the bottom of the green target zone, in order to finalize the green wave .
UKOIL and two high targets.UKOIL will touch 170 and after pullback will hit 203.
RSI is in best condition.
USOIL BreakOut From Converging Triangle & Resistance To Be BulliAfter our December 18, 2022 post, it seems OPEC and allies are taking control of crude oil price. With oil price about to breakout from the corrective wave and resistance level; the price of this commodity is poised to hit another high...
#usoil
#crudeoil
#wti
#brentoil
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
USOIL short callUSoil is moving in parallel channel on 1hour and expected to move downwards with proper risk management tp of 72 can be enjoyed
🛢Brent oil: wave III target remains $150+●● 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 levels.
______________________________
● Brent Crude Oil (OANDA) , 🕐TF: 2D
Fig.2
From July 2022 , a correction Ⓧ is predicted.
Upon completion of the consolidation in wave (B) , a decline will follow within wave (C) in the form of an impulse. This forecast is based on the norm of the alternation of waves " A " and " C " within a zigzag.
______________________________
● Brent Crude Oil (OANDA) , 🕐TF: 4h
Fig.3
Correction (B) is expected to take the form of a triangle, but other sideways correction are not excluded. The option of counting in the form of a triangle is schematically indicated by a red dotted line. Black color marks an alternative count with a completed wave (B) in the form of a running flat. With the breakdown of the top of wave B , the activation of the alternative marking will follow.
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
Brent. Way to $50s? Will divergence play out?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 Crude Oil TargetsBrent 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.
Oil couldn't see above $100 for a whileCypher harmonic pattern:
AB=0.61 XA
BC=1.41 AB
1.27BC=$137
2BC=$468
shark harmonic pattern:
ab=0.61 xa
bc=1.6 ab
1.6bc=$171
2.24bc=$289
It seems oil is accumulating above $35 and under $140 to prepare for final target of the Cypher harmonic pattern at $468.
Brent Crude Oil: Potential for a further corrective move higherCurrent 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 towards the $91.66 (50% retracement from the 52 week high/low); downside risk seen near the $78.3 support.
Short Opportunity on oil incoming!Oil is running out of momentum, but I believe it has enough to reach this upside target before heading back to the U.S. SPR refill zone. Multiple factors that line up, its up to you to find them....
Good luck!
