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WTI Crude Oil Trading

I think is short lived move. There is no reason to go higher, even broke out higher time frames. Will be looking to sell.
Quoting Jolita
I think is short lived move. There is no reason to go higher, even broke out higher time frames. Will be looking to sell.
Good evening,
With a rounded bottom formed ( Weekly chart), just like last year, there is a little room up. 88/89. Just a thought too, as usual there is nothing sure in the markets.
Geopolitical fundamentals backing that Imho.
Kind regards.
Oil still rising
despite everything telling it’s time to sell, geopolitical fundamentals tells it will go more up.

maybe 90?
Yesterday was the past
Quoting _BBKing_
Oil still rising despite everything telling it’s time to sell, geopolitical fundamentals tells it will go more up. maybe 90?
It needs a catalyst in order to raise, we are at the top of the weekly range, the middle of it (85.00) is showing good resistance but also building a lot of liquidity, it won´t be a wonder if that liquidity is first taken before it continues raising. Another detail to watch is that we are still sitting at the middle of all time move.
Just my two cents.
Quoting Rednose
{quote} It needs a catalyst in order to raise, we are at the top of the weekly range, the middle of it (85.00) is showing good resistance but also building a lot of liquidity, it won´t be a wonder if that liquidity is first taken before it continues raising. Another detail to watch is that we are still sitting at the middle of all time move. Just my two cents.
yes maybe needs to accumulate into this area before evetually go higher
focus is on middle east tensions atm. but if nothing develops (I hope) we also could finally have a move down back to 83,50/83.80 (prev swing high)

let's see
Yesterday was the past
Quoting _BBKing_
{quote} yes maybe needs to accumulate into this area before evetually go higher focus is on middle east tensions atm. but if nothing develops (I hope) we also could finally have a move down back to 83,50/83.80 (prev swing high) let's see
I agree with you on that view.
Oil stuck at Weekly mid, indecision on the market. I´m flat till they pick up a side. Good trading to you all. Trade wise.
Posted my comment view but it vanished.
Retrace a bit lower, with a possibility to touch lower wedge support, but then I expect to make a double top.

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Quoting Jolita
Posted my comment view but it vanished. Retrace a bit lower, with a possibility to touch lower wedge support, but then I expect to make a double top. {image}
Good analysis and great timing. It played out just like you forecasted. 85 still not breached, let´s see how next week plays out. Tensions are rising in the middle east.
Enjoy the weekend.
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!! Radha Radha !!
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!! Radha Radha !!
Quoting suhas316
{image}
I resubscribed to this thread after long time now, saw your post, ITS EXCEPTIONAL WORK you are putting in!!
Quoting danish07
{quote} I resubscribed to this thread after long time now, saw your post, ITS EXCEPTIONAL WORK you are putting in!!
thanks a lot, I will try to post often on crude oil....
!! Radha Radha !!
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!! Radha Radha !!
Quoting joemilly
Discussion about crude oil sound interesting here .......i just switched off from currency trading to crude oil since december last year...since then i found out crude oil is more fun rather than ccy...lets discuss here as im still learning abt the behaviour of crude oil.....
Well, if you deeply understood how crude oil move ,you will never look back to forex again .
Maidoki,
[If you deeply understood how crude oil move ,you will never look back to forex again .]
Could you recommend where I can find useful information to learn more about trading crude oil? Thanks in advance.
~ Bill
Seems like $80 was tested and acted as resistance.
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Quoting Maidoki
{quote} Well, if you deeply understood how crude oil move ,you will never look back to forex again .
Sure as hell didn't move any today.

Gold, euro and others all sunk....and this literally did nothing
Hi,

Price squeezed and we have a potential to take the support away.. it's summer months, and markets are currently investing trillions into AI growth. Go bear until September?
GL
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Quoting Jolita
Hi, Price squeezed and we have a potential to take the support away.. it's summer months, and markets are currently investing trillions into AI growth. Go bear until September? GL {image}
Driving season to begin soon. I think it is building a base to go higher.
Be humble or be humbled.
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