I am looking at crude to make a retracement today after couple days of down movement its been nice but can;t last forever. So the arrows display where I think price will go today as a first target and second PDL Keep it real simple on Fridays you got the weekend coming and you don't want to go into it with a loss or a win stay neutral.
Pair : US Oil Description : Completed " 12345 " Impulsive Waves Break of Structure Head and Shoulder Bullish Channel as an Corrective Pattern in Short Time Frame Demand Zone
So this is the forecast for Crude pre 1030est news. I'm favouring some BSL to be taken if the 1hr FVG gets disrespected. With 1hr fvg above and the BSL that is pointed out with the arrows. If we show rejection from the 1hfvg we are currently near then PDL will be the target. With news there is no certainty. Overall I am HTF bearish however a sweep on BSL could...
We saw our weekly target hit yesterday, I have a hunch as on the Daily we are constantly going back to the middle of the range that bsl of some form is in the eye of the market before we would want to move down. I ask myself.... Why would we want to go all the way back (weekly ssl level) if we have been here and raided Sell Stops... If I was the market I would...
Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Break of Structure Completed " 12345 " Impulsive Waves Demand Zone
The overall trend of crude oil hit the bottom yesterday, and the rebound did not break after testing 80.7 for the second time. It's still going strong. A positive hammer line collected on the daily chart. A close like this meant the market would rebound, and it has now. The key pressure level is 83.6. As long as the market does not break here, the market will...
Pair : Crude Oil Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line S / R Level
The crude oil market is as expected. The Asian and European markets are falling. The US market continues to be optimistic about the bulls. The market has tested as low as 80.7. Our stop loss is placed at 80.5. The US market still maintains low and long positions. The lower defense is placed at 80.5. The target is first. See if 82.5 breaks. If it breaks 82.5, it...
oil price testing 4h time frame demand zone, buying level 80.55-80.00, stop loss below 80.00, target: 85.00
On Friday, during the European trading session, WTI crude oil prices fell slightly. WTI crude oil futures experienced modest gains during the Asian session after Israel attacked Iran, initially surging 3% but later giving up most of those gains. The escalation briefly raised concerns about potential supply disruptions, but those concerns faded as the situation...
Real-time crude oil market analysis: Futures crude oil prices are rising slowly, with real-time quotes at 86.8. Let’s first look at the position breaking situation between the hourly upper rail of 87.2 and the hourly lower rail of 85.8. If the position breaks upward, pay attention to the pressure range formed by the 4-hour Bollinger Band upper rail of 87.5 and...
Crude oil prices opened lower on Monday. WTI crude oil prices were at $85.75 per barrel, down 1.05%. Brent crude oil prices were at $89.97 per barrel, down 1.32%. Oil prices retreated on signs of a possible ceasefire between Hamas and Israel. However, Iran's response to the Israeli attack on Tehran's consulate in Damascus remains a factor in rising oil prices,...
WTI crude oil futures fluctuated higher, trading at $84.89 per barrel, an increase of 1.09%. Since March 27, oil prices have continued to rise and have hit a five-month high. During the European session, WTI crude oil prices continued to rise, hitting $85.42 during the session, before falling slightly during European midday trading. To some extent, oil's rally is...
Crudeoil above 6900 may see near 7000 Above 7000 it may see 7200 Overall trend is upside on 1 hour time frame This chart is only for educational purpose
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame Completed " 12345 " Impulsive Waves and " A " Corrective Waves Fibonacci Level - 61.80% S / R Level
We have a chance of Head and Shoulders pattern. now price is approching the right shoulder area. look for short side,when price comes to this area. on bottom side we have a strong support at 4800 levels. keep in long side from this support zone.
Crude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the...