Fundamental Development: Oil was down on Thursday morning in Asia as the latest COVID-19 outbreaks and fears of more lock downs in China drove fuel demand fears. Brent oil futures slid 1.44% to $103.44 and WTI futures fell 1.36% to $100.63. The Chinese capital city of Beijing reported 48 new symptomatic and two new asymptomatic COVID-19 cases for April 27, CCTV...
Market now selling pressure on candle showing and evening star forming
Fundamental Development: Oil prices extended gains in early Asian trade on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Poland, while hopes of Chinese economic stimulus buoyed the demand outlook. Brent crude futures rose 44 cents, or 0.4%, to $105.43 a barrel. U.S. West Texas Intermediate crude futures gained 12 cents, or 0.1%, to...
us oil 1hr chart forming bearish harmonics bat pattern expecting short term sell
It is in correction WXY. NOW it is getting ready to move upside, just wait to form price action.
wti in choopy range it may breakout soon in downward direction
Usoil 1D Chart looking bullish breakout ... This chart is just for education trade with our analysis
Waiting for 120$ from here it may go 130$ too. I can see triangle pattern .
Hi guys if crude oil is on supply zone wait for an engulfing candle buy
after good accumulation buyers are ready to move price up.. easy trade setup
Can someone tell me why is this chart not active? What alternative can i use ?
broken reesistance level 1:3 risk reward ratio high possible win rate
Looks like crude is about to get rejected at 103 one more time and might reach 96$
Clear Head and Shoulder pattern has formed after a good uptrend. If it closes below the neckline, then a short trade can be taken on retest of the neckline. This is not a recommendation, just an idea.
at the support resistance zone entering at a good point will make good profits
Refined Entry based on OB. Entry point refined to give min Sl to max reward. better to view in 5 or 3 mins chart.
Its a breakout of H&S pattern and retest also done.