Prefer the more horizontal head and shoulders but never the less this looks like a good breakout with a target at +- $82.50
Natural Gas has been in a 4 week donwtrend, Price action jsut seems to be bleeding lower. As we approach the Daily 200 MA, loof for sings of accuulation.
Hello enveryone, We have identified a strong long signal on the 4-hour chart for Crude Oil futures. This trade falls under the category of a swing trade, with dual targets: the first at $80 and the second at $82, expected within the next few days. IBROURI ABDESSAMAD
With BDRY (The Baltic Dry Index ETF), finally going up, we may start to see more shipper stocks go up. We've already started to see an uptick in SB, GASS, TK, and TNK, now we might start to see some action across the entire sector. I still would want to focus on those that are giving us at least a somewhat decent pattern, and IMPP in this case is both cheap and...
Yesterday I said that oil has broken through the downward trend, and now it is blocked from falling in the middle of the trend line. If it continues to fall, we need to observe the support strength of 76-76.3 So you can buy gradually in this range, because the OPEC meeting is still uncertain, if it falls below the range, you need to strictly set the stop...
Hello, according to my analysis of the oil market. We notice that the market formed a triangle pattern and penetrated the pattern. But it was a bullish breakout. But it rebounded from a very important area, which is the 78 resistance level. A large red candle also formed, indicating strength in the sellers. Good luck to everyone.
Overview: After several tentative, finally the trend line has been broken. Yesterday's CoT report (Commitment of Traders) highlighting that commercial and not commercial are reducing their net long positions in options. This could be a signal that area $73/$75) is an accumulation's area, at least for the current conjuncture, confirming our strategy. Eye on API...
My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 75.13 Bias - Bullish Technical Indicators: Supper Trend gives a precise signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 76.80 About Used Indicators: On the subsequent day, trading above...
Hello ladies and gentleman,according my analysis To Light Crude Oil futures .there is agreat probability long to 103USD.
The price of gold (XAU/USD) struggles to capitalize on intraday gains, hovering around the $2,052 level and retracing from a peak touched last Wednesday, near seven months ago. Despite a modest rebound in the US dollar and a positive risk tone, the precious metal remains in positive territory for the fifth consecutive day. The Federal Reserve officials' recent...
🕛 TOPDOWN Analysis - Monthly Bullish Structure, Weekly Bearish Inducement Overview: The monthly market structure maintains a bullish stance, holding key supports. On the weekly chart, a valid low was established, accompanied by a strong bearish inducement. While a demand flip occurred, the overall trend remains bearish, marked by a record session count and inside...
The OPEC+ meeting has been postponed, and the market has doubts about whether oil-producing countries can insist on extending production cuts. As well as the recent weak performance of U.S. economic data, the margins of supply and demand are weak, which is not conducive to higher oil prices. The OPEC+ meeting at the end of the month will be the highlight of the...
#USOIL.. market just break hi upside barrier 76.90 keep close it because if market hold it as a supporting area now then upside further move expected, if not then again drop can intact, upside and downside areas are mentioned on chart. trade wisely good luck
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 75.52 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 75.13. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 83.17 level. P.S We determine...
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 06:40 AMEX:UNG Stock Forecast 08:26 USO Oil Stock Forecast 10:01 Gold XAUUSD Stock Forecast 11:04 DXY US dollar Stock Forecast 13:02 Silver XAGUSD
The analysis of the USOIL chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️
oil starting to push up after breakout the channel, do you have order in oil right now?