CRUDE OIL (WTI): Your Trading Plan For Next Week
WTI Crude Oil is trading in a bearish trend on a daily.
For the entire month of May, the market is consolidating within a horizontal range.
I believe that a bearish trend will continue after a violation of the support of the range.
I am waiting for its breakout to sell the market.
A daily candle close below 75.5 will confirm a violation.
A bearish wave will be anticipated at least to 72.5 level then.
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Crude Oil Brent
Strifor || USDCAD-31/05/2024Preferred direction: SELL
Comment: During the American session today we are expecting a lot of data, including one of the key indicators, namely Canada's GDP . Unlike other majors, the USDCAD currency pair has more chances to fall than to rise, although at the moment everything looks in favor of the American.
It is best to consider the deal closer to the American session and we highlight two scenarios. It should be noted that since there is a high probability of volatility, it is better to consider both transactions at the same time, that is, you can gain a position gradually with an overall stop loss slightly above the level of 1.37438.
Additional comments on this trade will be provided as situation changes. Follow us!
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Crude Oil / Brent Oil Robbery Plan in Bullish SideMy Dear Robbers / Traders,
This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, Market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Black Gold Judgment Says Huge Challenge Is Just One Step AheadGlobal shares rose while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a consumer price report that could prove decisive about when the Federal Reserve cuts interest rates.
The frenzy in so-called meme stocks entered a third day, with shares in AMC and GameStop soaring by more than 25% at one point in premarket trading before retracing some of those gains.
Price action was more subdued as investors were reluctant to push any market too aggressively one way or another ahead of the monthly U.S. consumer price index later in the day.
The boom has drawn parallels with the meme-stock craze that gripped markets in early 2021, where retail traders, using trading platforms and social media investment advice pumped up the value of stocks that many large investors had bet heavily against.
Technical graph for Brent crude oil says, right here is a similar challenge like in 2021.
USOIL CAN GO FOR A DECENT RETRACEMENT WITH THIS BREAKOUTThe USOIL has recently signaled a bearish breakout from its previously bullish channel. Additionally, there's notable evidence of selling pressure around a highlighted resistance level, suggesting a reversal in trend. As a result, we anticipate a continuation of the bearish trend towards a significant support level, which has previously shown considerable buying interest.
BRENT. Levels for intraday trading 9.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1.
Don’t forget to like Rocket and Subscribe!!!
BRENT. Levels for intraday trading 8.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
---------------------------------------
Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1.
Don’t forget to like Rocket and Subscribe!!!
Crude Oil | BULLS MAY DOMINATE THE NEXT DAYSMay is not always a good month for crude oil. When you look at the last 40 years, there is a positive change rate of less than 50%.
However, Crude oil is moving to the support resistance point, and its performance in the last 8 election years, from the beginning of the may to the 21-22 of May during the election years, is 7 years positive and an average return of 12%.
That's why I'm very BULLISH on Crude oil, which is below last year's opening level and at a significant support-resistance flip point.
UKOIL Preps to Face a Res-Test Near $90UKOIL didn't have the strength to reach $94, but it seems that Bulls have not gotten the memo just yet. Perhaps a break above $90 reignites the path?
I'm doubtful, but we'll see. Failure to pass and hold levels above $90, will likely send UKOIL back to mid-high $70s (before the next major run).
USOIL BREAKOUT ON CHANNEL INDICATING SELL-OFF USOIL confirmed a bearish breakout on the bullish channel created under the daily timeframe today. Here I personally expect to see a strong selling back towards the bottom level of support while we have a resistance holding down the pressure on top close to $80. Here we are expecting bearish momentum to be built towards the $70-67 target region.
CRUDE OIL Bullish Heist Plan to BuyDear Oil Robbers/Traders,
This is our master plan to Heist Bullish side of OIL Barrels based on Thief Trading style Analysis. My dear Robbers U can enter at the any point above my entered area, Our target is Dangerous Red Zone its Strong Resistance Zone. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be rich.
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CRUDE OIL Bullish Side Robbery Plan to make moneyMy Dear Robbers / Traders,
This is our master plan to Heist Bullish side of Crude oil Market based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change /Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of Powerful dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Oil In Corrective Wave, Likely Facing Rejections Below 84.80!Any rejection on crudeo oil at current price level will likely cause price to rally above 86.86!
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#crudeoil
#wti
#brentoil
Crude Oil's Bull Run No Signs of Stopping: Will It Soon Hit $90?Hi Realistic Traders, let's discuss the latest surge in WTI Crude Oil Price
Why have Oil prices surged?
In the second quarter of 2024, Russia plans to cut its crude oil production in line with OPEC+ agreements, gradually reducing output each month from April to June. This decision follows earlier cuts made in April 2023 and March 2024, with export reductions also phased in gradually.
Meanwhile, tensions between Ukraine and Russia escalated over the weekend with both sides conducting airstrikes. Russia targeted Ukraine's western region of Lyiv and the capital, Kyiv, on Sunday, following drone strikes on Russian oil refineries in the Samara region on Saturday. In retaliation, Russia attacked Ukraine's energy infrastructure on Friday. These developments have heightened concerns about further escalation.
After talking about the fundamental drivers, now let's delve into the technical analysis:
In our technical analysis, we have identified several significant indicators suggesting a bullish trend in WTI Crude Oil. The consistent movement of the price above the EMA200 line indicates robust bullish momentum within the market. Moreover, the formation of both a Symmetrical Triangle and a Falling Wedge pattern implies a continuation of the bullish trend. The recent breakout from these patterns further reinforces the potential for an upward movement toward the target area. Additionally, the upward momentum indicated by the momentum indicator confirms the prevailing bullish sentiment in WTI Crude Oil. In summary, these technical signals collectively also support a favorable bullish outlook for the designated target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on TVC:USOIL ."
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UKOil short term bias (Counter trend) looks bearish**Monthly Chart**
Last month's candle closed bullish indicating a continuous uptrend move at least to the monthly MC of Oct 2023. This month candle opened near the high of the previous candle and resumed higher.
**Weekly Chart**
Last week's candle closed bullish, suggesting a continuation of the bullish move at least toward testing the previous MC candle around the 95 level. However, short-term bias (counter trend) is bearish if the price is unable to sustain the move higher and start reversing.
**Daily Chart**
Short-term counter trend bias is bearish at the break of key reversal near the liquidity pool (Supply Zone) at least to test 88.00 level before it continues moving higher.
CRUDE OIL Heist Plan to Rob the oil barrelsHola Traders,
This is our Excellent master plan to Heist Bullish side of Crude oil barrels. My dear Looters U can enter at the any point above the green MA pullback area, Our target is Red Zone that is High risk Trap area. Put Stop loss in recent swing LOW. Dear Robbers we can steal oil barrells and finally sell in the commodities market then make money and take money. Be safe and be Rich.
USOIL 300 pips analysis (read caption)Hi' trader what do you think USOIL
USOIL now is resistance zone 84.80 I think USOIL go to retest level 80.90
USOIL now is the high price 84.80 and 85.00 i think USOIL movement retracement
support 81.300 and 80.90
please guys like comment and follow thank you for support
UKOIL daily XABCD bulls 20% upside BUY/HOLD🔸Hello traders, let's review the daily price chart for UKOIL.
Speculative XABCD in progress, with 20% upside potential based on the
current price action / fundamentals.
🔸XABCD structure is defined by point X at 95.60, point A at 73.20, point B
at 92.50, point C at 77.00, point D/PRZ at 105.00, currently most points validated,
point D/PRZ pending in May/June 2024 (PRZ/D = 105.00)
🔸Recommended strategy for UKOIL traders: accumulate near market
price using low leverage. TP Bulls is 105.00 +20% gains. swing trade setup. good luck!
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