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Oilforecast

WTI . Weekly Technical Analysis UpdateMidterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 46.30, 48.70, 50.70 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 66. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOIL
by ForecastCity
13
WTI . Weekly Technical Analysis UpdateMidterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 46.30, 48.70, 50.70 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 66. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOIL
by ForecastCity
19
Brent Crude Oil - Weekly technical analysis updateMidterm forecast: 46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 42.70 on 11/13/2020, so more gains to resistance(s) 48.95, 54.40, 58.65 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 69. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:USDBRO
by ForecastCity
14
Brent Crude Oil - Weekly technical analysis updateMidterm forecast: 46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 42.70 on 11/13/2020, so more gains to resistance(s) 48.95, 54.40, 58.65 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 69. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:USDBRO
by ForecastCity
10
Crude oil recent ascends meeting roadblock aheadThe recent breakout made by the crude oil may excite buying opportunities to some. For how long it will last will need to be seen if it could penetrate several layers of resistance ahead. This week price action was not powerful enough to sustain the move. Catalyst and sentiment that could influence the price action not supporting the move too, as energy giants such Exxon Mobile (XOM), Chevron (CVX), BP and Royal Dutch Shell (RDSA) giving cautious forecasts on the price projectile. Nearly all of the energy giants viewed the price of crude oil will only top $60.00 a barrel by 2026/27. Next week, OPEC+ will meet from Monday to Tuesday to decide on the current crude oil production output, which at the current pace produced a limited volume to stabilize the price.
TVC:USOIL
by mukhriz.mangsor
OIL 9.55% jump was expected from August high levelUSOIL ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Positive vaccine hope-major boost in energy demand 2️⃣ Demand driven recent upward rally 3️⃣ Break and retest happens around 40.00 ( Psychological level ) 4️⃣ 44.00 Upper side resistance - Minor Key reversal area 5️⃣ Successful move out of the ranging territory 6️⃣ August high - 43.79 immediate support for bull 7️⃣ Technical support - Bull 8️⃣ 48.00 will acted as key reversal-bearish 9️⃣ June, September, October months low's forming a lower side trend line 🔟 Possible swing target-48.00 Key reversal area *️⃣ Reverse Parabolic move-Slowing of the momentum #️⃣ Overall trend - bullish —————-❇️——————- 📉 Technical bias-H4-Bullish Price is above 50,100,200 Exponential moving average 50 Exponential moving average will act as support-Bull Ichimoku cloud -cloud is still green -Cloud supporting the bullish trend Bollinger band- Price reached around the upper side of the band and middle band is acting as bullish support Relative strength index - Reached around 50 neutral area 50- Will act as support for bullish trend MACD -Turned red and fell below the signal line ,oscillators are crossed and pointing downwards Stochastic - Reached around 60- Oscillators are converging pointing downwards short term fall back expected —————-✳️——————- Key reversal area's 44.00 Psychological level/Dynamic support & Resistance 43.79 August month high 48.00 Key reversal area/psychological level 41.86 October month high 4.39 September month high 43.00 Major psychological level 38.00 POC area 43.79 Support level/Possible entry- Bull 48.00 Psychological level/Alternative bearish entry —————-✳️——————- Bullish entry #oil #usoil Entry price - 43.80 Take profit 01 - 45.00 Take profit 02 - 46.20 Take profit 03 - 48.00 🚫 Stop lose 42.30 ⬆️ 9.59% Growth expected ⤴️ Account growth 2.05: 9.59 ✅ Risk reward ratio 1 : 4.7 —————-⚜️——————- Push the like button , And cheer up if you found useful
TVC:USOILLong
by forexorbit
3
WTI . Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 34.60 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 65 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains maximum to Major Resistance (43.75) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 60. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOILShort
by ForecastCity
15
WTI . Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 34.60 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 65 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains maximum to Major Resistance (43.75) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 60. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOILShort
by ForecastCity
16
$USOIL bull run stalled mid 41/b: Upside is a new SUPPORT point.It seems the run $USOIL went on during the first half of Monday's session met its resistance, as written, around the 41.5-41.65 mark. It is below that right now, and it might not even test that point today. Watch for the dip below 41. It is this trader's OPINION (IDEA) that $USOIL has strong support at the 40/barrel mark, which it has not for the last many months...the post-COVID high remains roughly 43, and until that is surpassed, all pump fakes might just be that... IN CONCLUSION! -- There is a short here to be made, but not a substantial one in terms of oil-related positions. Weakening some positions might make sense--but with the 95% effective COVID vaccine hailed by MODERNA, things are still seeming - overall - quite bullish. It's just that $USOIL is going to need an even bigger shove to go 45-plus as we have continually pined for. The economy is getting stronger, but it is still on a ventilator. As it is. -BDR Note: See yesterday's idea RE: the resistance point mid-41.
FX:USOILShort
by BDRTrigger33
5
Brent Crude Oil - Weekly technical analysis updateMidterm forecast: While the price is below the resistance 46.50, beginning of downtrend is expected. We make sure when the support at 36.95 breaks. If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 45.44 on 11/11/2020, so more losses to support(s) 41.70, 40.00 and minimum to Major Support (36.95) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 54. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:USDBROShort
by ForecastCity
10