WTI Crude Oil: Double Engulf + H&S Breakdown Points to $40Hello guys! Let's dive into WTI!
The weekly chart of WTI Crude Oil reveals a bearish Head & Shoulders pattern playing out over a long-term descending channel. Price recently got rejected from the upper trendline, showing weakness despite a short-term bounce.
- Engulfed 1 & 2:
Two major engulfin
CRUDE OIL (WTI): Will It Rise More?
Quick update for my yesterday's analysis for WTI Crude Oil.
As I predicted yesterday, the price went up to the target.
We got one more strong bullish confirmation after a New York
session opening:
the price violated a resistance of a horizontal range on a 4H time frame.
I think that the market
(WTI Crude Oil) on the 30-minute timeframe:(WTI Crude Oil) on the 30-minute timeframe:
You have a clear triangle breakout happening.
The chart shows two bullish target positions marked with blue arrows.
Based on your chart:
Current Price Zone: Around 66.20 - 66.25
Target Levels:
✅ First Target: 67.00
✅ Second Target: 68.00 - 68.10
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Hellena | Oil (4H): LONG to 50% lvl Fibo area of 70.00.Colleagues, after a long break, I think it is worth returning to oil forecasts. The situation is stabilizing a bit and now I think that the price is in a strong correction (ABC) at the moment I see wave “B”, which may reach the area of 50% Fibonacci 70 level.
It is possible that wave “A” will conti
CRUDE OIL (WTI): Consolidation is Over
Crude Oil was consolidating for 6 trading days in a row
after a test of a key daily support.
The yesterday's Crude Oil Inventories data made the market bullish
and the price successfully violated a minor resistance of a sideways movement.
We can expect that the market will grow more.
Next resis
Crude oil moves up alternately during the day
💡Message Strategy
WTI crude oil prices snapped a three-day winning streak and were trading around $66.00 a barrel in early European trading Thursday. Crude oil prices fell as rising U.S. crude inventories heightened concerns about weak demand in the United States, the world's largest oil consume
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Displays a symbol's price movements over previous years to identify recurring trends.