I still hope that we will be able to close the price gap last Monday (gap), in addition, the calculation of local waves indicates precisely the price hike up to 55.60, since the third wave also ends there, well, in passing, we will block 56.36 -54.12 + debt. But nevertheless, taking into account the fact that we have been fighting for a very long time in the support area of 57.60-57.93 and the price each time gets a rebound, it seems as though the suspicion that we might not block the heap at all at least at this stage , since nevertheless the majority of market participants are counting on exactly this and are now sitting in sales. Accordingly, it is likely that now, as soon as we go above 59, it’s real that we will begin to draw the very second impulse right up to 65.90-66.00. So for now, with a decrease, I’m getting a little non-docking. Of course, it would be much more advisable to return the price to at least 56.00 and from there begin to develop a full-fledged movement in the ascending direction to very conservative 64.46-64.60 but we add the factor that our trend is globally downward so far the notorious 50/50.
Under the impact of the bulls, local resistance remains in the area of mark 59.40. I consider its breakdown in two ways:
Option number 1. Main.
From current prices, bulls test for strength 59.40 followed by breakdown and consolidation above the opening zone. In this case, the level ground becomes the basis for an attack on the resistance line of the ascending channel with the threat of its breakdown and rise to 63 figure. The program for today is an exit to 59.40. On the breakdown setup, I'm preparing a long.
Option number 2. With a time delay.
I consider this option as an “additional run-up” of the bulls to energize the breakdown pulse. Decrease in slurry to the 57th figure (I do not consider going below to the channel support line yet, but I also keep it in mind) and its further use by the bulls for jumping. The goals are the same as in the first version. At this stage I am preparing a long.
Dear Traders, Crude oil (WTI) has completed its pattern and is looking for one more move to up side ko complete the structure for down move. This up move can break or can not break last highs. this move can short be short and after long spike to up side it can resume down move with or with out breaking last highs. So be ready for up move.
Hello dear dear in this week crude oil will have the tendency of looking so my down but it will go no 58. After then it will come 50 to 52 in between.
So so make you tired other right perception because if you put an alarm for suction by the movement of oil will wash your account in future.
today, crude oil trading tips, it the asset continues to decline and the price consolidates, below the local low at 61.80, short positions can be opened with the target at 60.50, stop loss should be placed beyond the local hifh at 63.00.
If the price reverses the asset grows, and the price consolidates above 63.10, buy positions with the target at 63.90 will be relevant, remember, before start trading, you understand risks,
Hello frnds, good morning,.
short positions may be opened after consolidation elow 56.25 with the targets at 55.30 54.68 and stop loss 56.90
long positions may be opened above 57.81 with the target at 59.39 and stop loss 56.75,
this idea for next 1/2 days, happy trading
Hello dear member of mt5 forum, hope everyone is happy generate profit daily. Here my analysis on Crude Oil where the price is quite active climbing and now heading to the resistance. The current price is now at $57 and there are resistance at $57.45 and $57.82, If the price able to break these two resistance then just get ready for the price fly and may reach $60 in the future.
Hi dear how are you. According to my opinion CL was in bullish trend at the end of week and next week it will be in bearish trend and it's support level will 55.87. I hope potential selling opportunities are available to grab the profit. Best of luck dear . Don't miss the chance.
Hi friends how are you. Good morning have a nice day. I hope you are fine and enjoying your trade. Dear friend according to my expectations in CL it was in high at the end of week and mostly traders enjoy it's bullish trend. Friends in this it will be in bearish trend and short term trade on sell side available to grab the profit because according to my opinion it's support level is at 57.59 and I hope it will cross it's support area. Best of luck friends
Crude oil CL is currently moving in a rage of 57 and 58. Crude oil is currently consolidating within a very small range and it is not making any significant move. I am expecting crude oil to break trough 59 level. If it goes to 59 then 60 will not be too far and it will quickly break through the level of 60. For now the key resistance level is 58.65. Crude oil is consolidating around 58.50 levels and is still unable to breach 58.65 levels. But it will not take too long. OPEC has already announced to cut the production to maintain the prices at international level. Production cut down will soon raise the levels of crude oil to 60.
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