This is my Crudeoil view for 17-2-2022, just for educational purpose
WTI_crude oil uptrend martingale by Daily RTL & Daily STL. May taste 89.02 - 87.40 (Demand Zone) levels OR it may blast by taking support on Daily STL + Daily DZ.
7000-7100 act as a major resistance range for crude oil above this range , it may test 7500 else ready for big fall
HTF Order flow of USOIL is bullish, though we can expect retacement to downside and pullback buys from the given zones.. Look for LTF Break of structure then take entries
Global crude oil prices have risen more than 14 percent in the past 30 days as traders see a continued rise in demand and supply fails to keep up. The 400,000 barrel per day output hike recently decided by Oil and Petroleum Exporting Countries is not expected to meaningfully bridge the gap between demand and supply. TECHNICAL ANALYSIS Crude oil has touched...
Crude oil trading at highest levels in 7 years. Multi year Resistance zone is now acting as support zone. The Black gold is expected to test $115-120 levels in 4 to 6 moths time Russia - UK tension to and demand pickup to be key drivers originally published on 1st Feb after highest monthly close in 7 years Close below 87 will nugget the view...
Crude oil is forming impulsive waves ((5)). After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)). Wave B has crossed the high of wave ((3)), but wave B couldn't break the low of wave A. Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum. Price has...
Crude is in perfect channel. Heading to $96- $98. Above $98 we can see upto $105- $109 However $82 - $84 seems to be the base.
As per astrology we are expecting Fall will be Soon, Because of Sun Vs Saturn Conjunction on 5th Saturday, So any time we expect Fall. Go short towards 10$ downside move minimum
Crude Positional Shorts @ 95-96$ range for Target 86- 80-75+
Description : Crude at lower levels following support area and a trendline zone as well. At top upper parallel levels of trendline are followed. Now at top and formed a strong red candle which can a be probable top if it gives follow through and breaks 86$ level. Support Area : Break of Support at 86$ downside will lead to immediate support at 76$ followed...
Crudeoil Hit Top as per dynamic Cycle... Now we Looking For correction towards First Target 82.5
#UKOIL 88-90$ is seen as strong resistance, If unable to sustain above 89$ then possible correction up to 36$. then we may expect All-Time High again after a few years but no guarantee for ATH again because of progress in Electric Vehicles.
Crude oil is trading within a bullish channel and gaining from last 4 trading sessions. According to price action consolidation near previous high will make it more bullish and we can see 92 to 95 level near future. On the flip side if fails to breakout above previous high we can see profit booking or consolidation.
I hope you can now see how CRUDEOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
#Brent #UKOIL #Crude Max to max again 86$ seen possible but If unable to sustain above 86$ then? 1: Interest rate hikes & Tappering in Bond buying will increase Dollar Values against every currency. 2: If unlimited given support by Central Bankers will not perform well then demand will reduce & supply will increase.
OMC will start giving better results and margins. strong breakout will see 250++
MCX:CRUDEOIL1! Here We Are Using Harmonic For Target, it's A Unique Way To Use Harmonic, Long Above previous candle high stop loss already given on the chart. Trade as per your trade setup. As we are just adding quantity, our holdings from very low levels. ******whatever charts or levels sharing here or on any other platforms are...