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reza120 replied Dec 14, 202371.26-71.59 is important: 1- if price can't break it. Downtrend may reach to 68.00-67.50 2- if price can break it. we have an uptrend to 72.91-73.40 this is my plan. have a nice trading
WTI Crude Oil Trading
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reza120 replied Dec 12, 2023Hi Phoenix this is correct. I agree with you i think we must wait for CPI
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reza120 replied Dec 7, 2023Hi OAPDAVE, we have two senarios for OIL 1: if price does broken support at 67.50-68.50 strongly you can analysis for Short position. price would fall to 65-62 2: if oil production reduce, price does move to 70 you can analysis for Long position ...
Analysis and Trading based on Envelopes, Waves, Cycles
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reza120 replied Dec 5, 2023Hi Phoenix. Your Analysis is correct. next support is 67.50-68.50 . be enjoy
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