Considering running flat on higher degree & the previous diagonal as an ending diagonal , crude can be considered in 5th wave of higher degree. One should go long on current levels with SL of 91$ & look for the target of the 97$ and 99$-99.7$
This is my view on crudeoil for today, best possible reversal zones, above this top reversal point is buy zone can keep just 15-20 points SL. Im not advisor or tip provider, this purely educational purpose only.
Here are some supply zones for usoil ……with proper confirmation one can enter for short position
Crudeoil has been on a tear making new highs in the last few weeks . All this may have ended in a wave 5 of 5 and a major turn seems to have begun. The downmove from the Feb 15th high is clearly a diagonal wave A ( or wave 1) , a correction in wave B ( or wave 2) has completed a few hours back. As long as the 94.95 high holds , look for an accelerated move at a...
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. Either a larger correction of higher...
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. TRADING STRATEGY: Buy Crude oil :...
This is my Crudeoil view for 17-2-2022, just for educational purpose
NATURALGAS formed the "Ascending Broadening Wedge" pattern on the daily chart.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (91.59). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . WTI is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
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.
Amid escalating tensions concerning the Russian invasion of Ukraine, crude oil prices rally to a multi-month high. However, overbought RSI conditions recently triggered the quote’s pullback near an upward sloping trend line from July 2021. That said, a six-week-old support line near $92.00 precedes the 21-DMA surrounding the $90.00 psychological magnet restricts...
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