Hello Traders! Check related ideas for market context! Also, check out my YouTube and support me there with a subscription, like, and some constructive criticism!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
Data on oil reserves in the us was released yesterday - the reserves have been decreasing for 5 (!) weeks. Against this background, as well as due to the postponement of the Iranian negotiations + the vacation season, I believe that the price of American oil will only grow.
=======
$ 73.44 BUY
$ 74.00 target 1
$ 75.00 target 2
If you like my idea, please get the...
Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
UKOIL WK1: 150% Gains XABCD setup BUY/HOLD(NEW)(SL/TP)
IMPORTANT...
Dear traders,
Here is your USOIL Focus for today.
Remember? When USOIL hit rock bottom ($0 per barrel), well, did you go long then? No! Here is another chance.
USOIL is in a daily bullish ascending triangle pattern, with the first bottom after the peak established at $57.25, second at $60.90 (78% Fib bounce), and the recent one at $61.70 78% Fib level). Price...
Check out related ideas for analysis context! - these patterns really work!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
It can be inferred from the chart that the price is approaching a level of resistance. We will be looking for SELL positions from that area and aiming for the zone drawn on the graph.
I think with Iranian oil supply adding to the current supply, there'll be a slight pull back and might take some time to cross the $70 level.
Any reviews and feedback will be appreciated
oil's price is approaching the resistance and the rejection zone as well a bearish harmonic is being formed , the price should start pushing down to at least 68.70/68.80 levels .
that said good luck all
As it can be inferred from the chart, the bulls are still in control of Brent, and the growth should continue. We are expecting the price to drop till the area circled on the chart, from where the price is highly likely to keep growing and reach the key zone marked on the graphic.
Happy trading, everyone!
Today, we will take a look at the big picture on USOIL + Multi timeframe analysis.
Weekly View: On April 2020, Crude Oil futures went into negative territory for the first time in history. With that movement, we have the last wave of this massive compressive pattern that has been in formation since 2008. On MARCH 2021, we observed the first breakout of the...
Hi everyone! The price of UKOIL punched the trend line down recently, but now technical indicators (in volume to strength of CCI) indicate the need corrections up. I expect the movement up to the next resistance at the level of 66.84.
Bought on 65.30
TP = 66.84
SL = 64.15
Information provided is only educational and should not be used to take action in the...
Oil is cooking smth brutal for both shorts and longs - expect to see further downside to 60 zone into next week followed by brutal short squeeze into 75 zone.
