I suppose that Oil has returned to an Huge Ascending Channel (look my longterm view). However, it is now situated in a Descending Channel and while it is inside of it - the decline view should be in a priority. If Oil rise till the top of this channel - prior attention to it - because there is strategic question could be solving - if Oil rise or fall. Remember...
I don't have experience in arbitrage trading because I personally prefer high risk trades. However, this setup looks to be very interesting. A triangle seems to be broken and a difference probably rising. If I open Oil LONG position I prefer to keep Brent instead of WTI.
I have paid attention that UKOIL ascending channel from 2015 was recently broken upside, which allows us to draw a big ascending channel which start from 2014. I believe that there is some good possibility if price will rises above of the middle of this channel. Let's hope for a best!
Be careful trading Oil on current levels, just for those who tolerate High Risk Trading .
For the past year, we were predominantly bullish on USOIL. However, this came to a change recently, and we turned neutral to bearish on USOIL. That is due to Strategic Petroleum Reserves being released in vast quantities, production hike talks, and the eventual need to lower energy prices. Therefore, despite the general bullish narrative, we make a contrarian case...
A break of down trendline, may we see a change in direction of price to the up side. lets buy BLACKBULL:WTI at current price.
CRUDE OIL was trading in a downtrend But then broke the falling resistance After is retested a support level at 95.30 I think that we will see a move up To retest the target above at 115.18
Leaving the channel and the target are 114, 120 and 130 The long-term goal is $ 200 This is just an analysis
the USOIL price is in daily support level , i predict a bullish move 🚀 i'm waiting for breakout & retest (break of structure & buy confirmation) 📈 TARGET: 105.065 🎯 if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
For the last three weeks, WTI Crude Oil is very bearish. Recently the price broke and closed below a strong rising trend line and now is approaching strong horizontal support. Here are key levels for you to watch for oil trading: Support 1: 93.2 - 95.0 area. Support 2: 86.6 - 89.7 area. Support 3: 72.5 - 75.3 area. Resistance: vertical trend line. Resistance...
Prices are on bearish momentum and abiding by a descending trendline resistance. We see the potential for a dip from our sell entry at 102.02 in line with 61.8% Fibonacci Projection towards our Take Profit at 95.38 which is graphical swing low. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this...
We can see a possible down move continuation toward $97.00. After a break and retest.
➡️ The US dollar remains strong against the Japanese yen thanks to stronger US yields. The divergence between the Bank of Japan and the Fed is widening. The growth potential of this pair has fully justified itself and most likely now the price will be in the range of 121.315 - 125.085 , forming a potential balance. Technically, there are signs of buying the yen...
Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our sell entry at 102.07 in line with 78.6% Fibonacci retracement towards our Take profit at 95.48 in line with 78.6% Fibonacci Projection. Prices are trading below our ichimoku cloud resistance and RSI is on bearish momentum, further supporting our bearish...
Oil is at historical lows when priced in gold, The chart speaks for itself.
Hello Traders I posted an idea on WTI earlier today. This one is the same idea on UKOIL. Here is a similar picture despite that the resistance above the price is a bit stronger. The support levels are similar to them on WTI and the downside move should be for both around 22%.
➡️ At the moment, in the medium term, the USDCAD currency pair is considered long. Globally, the price is in the range of 1.20000 - 1.45000 and has already rebounded from its lower border. Locally (on the chart) the price is clearly in the balance of 1.24697 - 1.25929 and the sellers are getting ready for another drop to the level of 1.24697 today. After...
Prices are approaching a pivot. We see the potential for a bounce from our buy entry at 100.83 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement towards our Take Profit at 109.49 in line with 127.2% Fibonacci Projection. RSI is at levels where bounces previously occurred. Any opinions, news, research, analyses, prices, other information, or...