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...
Price broke the downward trendline (red line) and the bearish market structure. Now it is forming a bullish continuation pennant. It's possible the price will make a bearish fake out before reversing up. Let's wait for the confirmation on which direction of trades we should take.
#USOIL UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and also our trading analysis. Today Anna is monitoring about #USOIL in the HTF, which will fly soon. Traders, As you all of them can see that USOIL is in the uptrend in HTF, and it create a pattern of change of character in HTF, and we had an OB, which is the...
THE INTELLIGENCE SERVICE GAME It is IMPOSSIBLE that the intelligence services (CIA, NSA, MOSSAD, SVR, MSS, ISI, RAW, MI6...) that have invested billions and billions in monitoring "every click," every "audio" message left on an encrypted messaging platform (i.e. Pegasus), COULD NOT have been aware that HAMAS was arming itself in preparation for an operation and...
Over the weekend, a new conflict broke out in the Middle East after Hamas, a designated terrorist organization, initiated an assault on Israel. This attack is already roiling the oil market, which saw oil prices rise more than 5% after the futures market opened. However, it is possible the impact has not been fully felt yet, considering the potential for further...
The ascending channel of this oil has been broken and the bottom of this corrective channel has also been hit, and now there is an opportunity to sell again, which can fall to the range of 78-77. The appropriate entry point is after the current temporary correction is completed. The target of this trade is the 78 range. We can consider the loss limit to the...
While it's unclear whether crude, which has experienced large moves recently on account of the developing conflict between Israel-Hamas, wants to trade higher or lower over the longer-term, we’re looking to take near-term longs after filling the downside futures gap formed 10/6. We’re only showing down to a 30-minute chart here, but there are some smaller...
Crude oil yesterday's typical interval arrangement, the highest 86.7, the lowest 85, the daily line closed small Yin at 85.9, the four-hour chart of the large interval, the top 87 will be an important resistance point in this interval, the lower focus on the 84 break, the breakthrough will fill the gap; From the point of view of the 1-hour line, the lower focus...
I've been watching oil closely for the last two months. I would like to say that oil is a trending instrument, we started the decline from 95$ per barrel and fell quite rapidly until the conflict in the Middle East. all news resources said that oil rose in price on the background of this news. Technically, I was waiting for this upward correction. But if the war...
Brent oil prices have skyrocketed in recent months, from about $70 a barrel in June to more than $90 a barrel today. This is due to a number of factors, including: Fundamentals Tight supply: OPEC+ has cut output to support prices and there are concerns about supply disruptions from Russia due to the ongoing war in Ukraine. Strong demand: Global oil...
The monetary markets are continually responding to unused data, and swelling, oil costs, and gold costs are a few of the foremost imperative components that financial specialists consider. This article will give a TradingView direct to understanding how these components can influence the stock and forex markets, and how dealers can utilize them to their...
Dear Colleagues, The price continued downward further than I thought it would. I believe that wave C may reach the support area of 81.94, then I expect the price to rise. The nearest target is the resistance area at 87.89. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Technical Analysis: The Elliott wave theory suggests a bullish trend in oil prices, propelled further by geopolitical tensions and economic revitalization in major markets like China. The first Take Profit (TP) point is projected at $90.75 at the end of wave 3, followed by a second TP at $96.58, aligning with the broader market expectations of rising oil...