WTI Crude Oil hit twice the Rising Support and today is having the strongest green (1d) candle in 5 months. This is a buy signal assuming the line holds. Trading Plan: 1. Buy on the current market price. 2. Sell if the price closes a (1d) candle under the Rising Support. Targets: 1. 95.00 (Resistance 1). 2. 78.00 (little over Support 2). Tips: 1. The RSI (1d)...
Crude Oil Super Bullish Targeting 121 and 149 US $ I n my previouse Oil Trading Idea I mentioned the main factors why we have reahed the bottom. I opened the first trades on May the 23rd(See signals above) but gave my stops more rooms, below the 15 Months Support, and as they ´ve been confirme I added more aditional Positions on June 23rd, Last week I added...
Owing to geopolitical tension around the globe, can expect WTI to trade around 90$ during next week. In 15mins chart, we can see the ''W'' recovery pattern. Can expect an upside movement to 90$. If the situation worsens in war, it will move beyond that. Disclaimer : Trade as per your risk level.
hello dear trader wti ready dor next move and there are 2 number on this chart wti can test PRZ ( fibou extention 1.618 + strong resistance) on 102 near 103 stop loss need for any position goood luck
The International Energy Agency (IEA) said on Thursday that geopolitical risks in the Middle East have escalated following Hamas attacks on Israel, with oil markets on edge and uncertainty about how things will play out or how far the conflict could spread. In its closely watched oil market report for October, the IEA said: "A sharp escalation of geopolitical...
USOIL New forecasts The price perfectly fulfills my last idea and price reached to our target + 100 pip . The price of oil rose strongly to breach the 84.81 level and stop the bearish corrective scenario, heading towards recovery and achieving expected gains during the coming period, as positive targets begin to test the 87.72 level. Therefore, the...
Since the analysis, we saw Renergen formed a Descending Triangle / Triple Top formation. The price broke below the neckline at R18.30. And in just two short months, it's been carnage for the market. It's pierced the 9.33 target, and now we need to wait for a consolidation range before we predict where it is more likely to go. I'm not buying this company...
This video provides an in-depth analysis of USOIL (WTI Brent also applicable). On the weekly chart, we observe a bullish trend that has undergone a significant correction to key support levels. The weekly chart indicates that the overall bias is still bullish, but the daily chart shows a bearish market structure break. A bearish trend has not fully established...
Many Fibonacci and Harmonic Confirmations Bullish - Butterfly Harmonic , With Expanded Flat ABC Elliot C = 1.618 A 1.618 AB = CD ( PRZ As per AB=CD Pattern ) 0.50 Retracement Levels Trade at your own decision , I'm not a financial adviser.
Recent events have led to a significant drop in oil prices, primarily due to the phenomenon known as "demand destruction." I believe this presents an opportune moment for traders like yourself to consider shorting oil and potentially reap substantial gains. Considering the conservative nature of your trading approach, shorting oil could be a prudent strategy to...
Over the last few weeks, the price of oil has experienced a noticeable decline. Upon closer inspection, this trend appears to be the result of a series of corrections from the previously bullish market. Currently, there is speculation surrounding the possibility of Wave (C) occurring, which is being analyzed through the addition of Fibo Expansion. It is predicted...
Hey Traders ! The USOIL Price Broke a Strong Daily Support Level (85.90 - 84.15) Currently, -This Support Level Becomes a New Resistance Level. -The Support Line is Broken. So, I Expect a Bearish Move📉 i'm waiting for breakout... ----------- TARGET: 78.60🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Political tensions roiled global financial markets as the focus shifted to the Middle East. Oil prices have fluctuated sharply amid escalating risks, with worries that a war between Israel and Palestine could lead to supply disruptions easing, but market sentiment has been relatively cautious and investors have still refrained from aggressive selling as they...
Royal Dutch Shell (LON:SHEL)'s Q3 financial outlook, published on Friday, suggests that the energy giant is set to benefit from a sector-wide rally in oil, refined products, and gas prices. The company anticipates enhanced earnings from its gas, chemicals, and product trading operations. These expectations are backed by InvestingPro's data that shows Shell's...
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about XAUUSD. XAUUSD is exactly Moving according our analysis. Now here it has maximum Chances we can see a small Retesting. After this small Retesting. we can see again a good Bullish wave. In next bullish wave we cane see price around 1930 to 1940. Keep in touch we will update...
Oil price confirmed breaking the 84.58 level after ending yesterday’s trading below it, to support the continuation of the bearish corrective trend, whose next target is at 82.00. The moving average 50 continues to support the proposed bearish wave, and breaking the target level will put pressure on the price to incur additional losses up to 78.21, taking into...
💬 Description: Oil quotes have been holding by buyers at current levels after the gap. The reason for the formation of the gap was the aggravated geopolitical situation in the Middle East. It should be noted that buyers even "overplaying", but there is no result, no growth is observed. In addition, it was no coincidence that the price hovered at the local...