Th oil market that might present a potential opportunity for those who are interested in shorting oil. Please note that this opportunity should be approached with caution, as market dynamics can be unpredictable. Over the past few weeks, we have witnessed a significant drop in oil prices, primarily driven by Russia's decision to ramp up its oil exports. As a...
Hey Oil Traders! 🤟 Oil is at a critical S/R level of $88, and it's anyone's game right now. 🎯 📈 Recent Trades: Went long under $70 and short at the $93 top. Nailed it! 🎉 🔮 Next Moves: It's a 50-50 toss-up. Could go to $93 or drop to $82. 🪙 🤷♂️ Why I'm Not Trading: With such uncertainty, why risk it? There are better setups out there. 🎣 📊 Other Setups: If...
WTI Crude Oil got rejected on Friday on the former HL trendline which should now be considered a Resistance, rejecting the attempt to resume the uptrend. This turned the 1D timeframe technically bearish (RSI = 41.271, MACD = 0.120, ADX = 25.766) and the 1D MACD Bearish Cross (straight after a Bullish Cross) allows us to attempt a short entry, targeting the 1D...
Preferred direction: BUY Comment: For the USDCAD currency pair everything remains valid. We follow the extreme plan that we described in the trading idea. The support level is still pushing the price up. The buyer's target remains unchanged and is aimed at updating local highs. Thank you for like and share your views!
Today, crude oil opened lower, after a high of 88.1, crude oil fell in shock. Overall, crude oil is still down in the short term, the operation is recommended to withdraw to near the 85.6 support level, and the above is concerned about the resistance near 88.3-90. If you are confused about trading, please join me, I believe you will have a great harvest!
WTI Crude Oil is trading within a wide horizontal range on a 4h time frame. The price is currently testing a support of the range. To buy the market with a confirmation, watch a tiny double bottom formation. If the price breaks and closes above its neckline - 86.26, a bullish movement will be expected to 86.78 / 87.61 ❤️Please, support my work with like,...
WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 86.456 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 85.000 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 89.056...
We saw the pullback into the support area we were waiting for, around the 200-dar EMA on the 4hour chart and weekly pivot point. A bullish engulfing candle also formed at the end of the session, and whilst prices have gapped lower at the open, we're now looking to enter long and target the resistance zone around $90.
Will bearish bets on the Canadian dollar grow in the lead up to Wednesday? It is widely expected that the Canadian central bank will leave interest rates on hold during its meeting that concludes on this day (Although, it may be a hawkish hold as the Governor Tiff Macklem will mention that another hike is still on the table for the bank). Perhaps piling on the...
The market almost closed positives today in the back of tech stocks rallying. A massive gap down was bought up off the lows today. Banks continuing's to sell off despite yields and the dollar cooling off today.
WTI Crude Oil hit the Falling Support, the 3rd time making contact with and turns into a short term buy. Target 89.75 (Resistance A at 89.80). The medium term pattern is a Channel Up so id the Falling Support fails, take the small loss and wait for the bottom of the Channel Up to breaks. Sell and target 79.00 (1week MA50). A bearish reversal is quite probable at...
⚪ WTI has firmly established an uptrend, with a breakthrough above the first supply zone while consistently respecting the uptrend trendline. ⚪ Notably, a recent rejection of the second supply zone took place. The positive aspect, though, is that after the breakout we witnessed a precise bounce off the 78.6% Fibonacci retracement support, indicating the...
Preferred direction: BUY Comment: As expected, the metal rolled back from the level of 1981.683, a little, but true. This is exactly what we assumed in the extreme trading idea for gold. At the moment, the cutting of the indicated level continues, which will most likely end with the next update of the maximum. The chart shows two scenarios for long. It is 1...
Crude oil opened at around 87.8 and ended at around 88.2 last week. The overall trend of crude oil last week was bullish. We look at the price changes of crude oil with an upward trend. We can see that the greater the downward adjustment, the more the price increases, and the objective trend enters sideways. To summarize, the current price in the sideways range...
there is a big long legged doji on the 26week chart at the md point of the doji lays the monthly 200mma and also the 0.5 fib from the move up at $20 lows to $100 highs. the over 15 year POC sits at low $70s ... would be a great buy opportunity should it materialise.
wti is near the range low and has already bounced the monthly level and VAL liquidity still rests below this low and if the bullish market structure holds above $66 we should see a push back into the $100s
Hey Traders! 🙌 New week, new challenges, and the markets are buzzing! 🐝 🔥 Bitcoin: It's at a pivotal 31K level. Keep an eye on the resistance cluster. If it breaks, we could see 45K. 🚀 📉 NASDAQ: Currently at a major resistance level of 14,646. Today's opening is crucial. Will it rebound or sink? 🤔 📊 S&P 500: We've been short and it's paying off. Watch the U.S....
In this video, we conduct a comprehensive analysis of the USOIL market, with a primary focus on the prevailing bearish sentiment observed in higher timeframes. Notably, WTI has recently approached a critical support level. Throughout the video, we delve into essential elements of technical analysis, which encompass aspects such as the current trend, price action...