So we are heavily bullish and in this scenario I like to see a retracement around NY that will enable me to start looking for my entry model that will Target the BSL that is marked. Pretty simple today... I have a 1hr fvg that I would like to be respected meaning 1hr candle closes above the discount of the FVG. If before NY we take out the BSL marked I will...
With the peak of the summer travel season, marked by the Independence Day holiday this week, US oil demand is expected to surge. The American Automobile Association (AAA) projects travel during this period to be 5.2% higher than in 2023, with car travel alone increasing by 4.8% compared to the previous year, according to Reuters. Crude oil markets are further...
Pair : Crude Oil Description : Fibonacci Level - 38.20% Resistance Level Break of Structure and Retracement RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame
A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern. Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for...
WTI Crude Oil shows promising bullish momentum as it consolidates above a key static support zone, indicating potential for further gains. The price action demonstrates two major bullish legs, with the current position in the middle of the second major leg, suggesting continued upward movement. Additionally, the presence of a second minor leg forming suggests...
Dear Trader Friends, Today I'm looking @ S&P500 short at the US open and Crude Oil long after the countertrend break on H4/H1. More details in the video. Let me know what's in your head! Enjoy riding the waves! Zen
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
Hello,Traders! CRUDE OIL shot up and Will soon hit a horizontal Resistance level of 84.50$ From where we will be Expecting a bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Simply I would like Crude to respect the 1hr FVG leading upto NY open This will tell me the bias going into the rest of the day. I am heavily Bullish on Crude oil. If this target gets taken before I will put and update to the next target and Bias.
Crude Oil is consolidating after a strong bullish wave. The price is stuck within a narrow range on a daily. To buy the market with a confirmation, wait for a bullish breakout of the resistance of the range. A daily candle close above 82.0 will confirm the violation. A bullish continuation will be expected to 83.5 level then. ❤️Please, support my work with...
✅CRUDE OIL will be retesting a support level of 80.50$ soon From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea!✅
NYMEX:CL1! Crude oil is moving upwards by marking HH @ 95 and HL @ 81.5, 81.5 is .786 fib support from previous low), Curved parallel channel suggests that max downward should be around 79; which is .886 fib level from 77.71), 97 & 104 will be crucial level in coming weeks as resistance.
✅CRUDE OIL is trading in a Local uptrend and the price Is going up from the horizontal Support of 80.50$ so as we Are bullish biased we will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
News of a surprise inventories build in the US has caused oil prices to give up earlier gains and turn lower. The EIA US weekly crude oil inventories came in at +3591K vs -2850K expected and -2547K prior. The 3.6-million-barrel build suggests weaker demand despite hopes that inventories would draw down more meaningfully due to the US driving season. However,...
Until the price is below 7000 mark we cant say oil has turned bullish there is volume imbalance and bearish fvg on daily time frame around 6887 to 6771 where there is high probability price to get reject those who are in long trade before try to trail your stop and those who are looking for fresh long AVOID !!
Pair : US OIL - Crude Oil Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Demand Zone Fibonacci Level - 61.80% Consolidation Phase in Short Time Frame Break of Structure
Right now It makes no sense in my mind why the market would want to return to being bearish. Yes we are in a premium and after a couple days of upwards movement there can be some stagnent action for traders who like to take more than 25-40 ticks ona single move. So again why would market want to move lower on a htf bases as pointed in my arrows we have a Daily...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ Dollar Index #DXY daily time frame 💵 Dollar Index nicely respected a key daily horizontal resistance. We see a nice bearish reaction to that today. Because of the absence of important fundamentals, I think that DXY may keep staying under a bearish pressure. 2️⃣ Silver #XAGUSD...