- Typical Wycoff
- Break Re-Test
- Slight Tap of FV Gap
- Bullish Engulfing Candle
- Usually signifies "In a Hurry".
Best Analysis i think was Perplexity Ai
Bullish Case for Oil
- US Jobs Data: Stronger-than-expected US jobs numbers have pushed prices higher, with algos covering short bets
- Geopolitical Risks: Ongoing tensions in Ukraine and Iran, plus Canadian wildfires, are supporting prices due to potential supply disruptions
- OPEC+ Supply Increase Smaller Than Feared: OPEC+ is raising output, but by less than the market expected, which has helped limit downside pressure and even sparked price gains
- Recent Price Action: Oil has rebounded to around $64–$65 (Brent) after several weeks of losses, suggesting some stabilization and potential for a technical bounce
Deep Ai
Probability of bullish continuation: 75/100
Technical s indicate a relatively high likelihood that the current bullish trend will continue toward the identified resistance zone above, provided no major fundamental shifts occur. However, caution remains due to potential pullbacks or consolidation near resistance levels.
This is the safest place to enter usually
Cost average in not stops they suck !
imho
Lets See : )
.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.