롱

WTI, back at major order block support -- BOUNCE expected

업데이트됨

WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge.

$65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range.

A bounce is expected from current price range. Accumulation has notably started increasing at the present levels.

Spotted at 69.0

TAYOR.
Safeguard capital always.

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RELATED NEWS: Reuters

Oil prices settle more than 3% higher after China rate cut
By Stephanie Kelly

NEW YORK, June 13 (Reuters) - Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session.

The rate cut is aimed at adding momentum to a hesitant post-pandemic recovery in the world's second-largest economy and biggest crude importer.

Brent crude futures settled up $2.45, or 3.4%, to $74.29 a barrel. U.S. West Texas Intermediate (WTI) crude gained $2.30, or 3.4%, at $69.42 a barrel.

액티브 트레이드

Initial target will be 80 level.

액티브 트레이드

Accumulation still ON. Intended direction is certain: UP.

액티브 트레이드

70 level is firming up as the new base level for ascend.

액티브 트레이드

MACRO VIEW: WEEKLY DATA update -- RIPE for GOOD ASCEND.

액티브 트레이드

Ascend confidence, getting higher.

액티브 트레이드

MICRO VIEW: 4H Update : Support is Persistent. Price keeps bouncing off it.

액티브 트레이드

MACRO DATA: DAILY - It seems like shorters are struggling, and bulls are taking over... this should get ripe soon. Upside is becoming clearer.

액티브 트레이드

MACRO VIEW: WEEKLY data update on the first monday of July.

WEEKLY data recorded its first histogram shift since April 2023.
Intended direction goal is firm.

액티브 트레이드

MACRO VIEW: WEEKLY UPDATE - WTI moving as planned -- more UPSIDE in order.

A massive breakout is on queue.

액티브 트레이드

MACRO VIEW: MONTHLY DATA.

OIL intended direction is still firm, nothings changed.

액티브 트레이드

4h data update: upside continuation attempt.

액티브 트레이드

weekend update:

OIL is back at 80 levels -- long term trend shift is firm on its intended goal.

a 100 target will be not be far fetched. The possibility is getting higher.

액티브 트레이드

TRI MONTHLY DATA Update:

The prospect of a pricey oil by next year is actually scary.

액티브 트레이드

1h micro data update:

OIL is doing another muted correction as it always does -- it has repeated this action many times now on its ascend journey, and it will likely do the same until it reach its long term target.

액티브 트레이드

4H DATA update:

Fresh Higher Lows / New Base anew. Ascend continuation.

액티브 트레이드

1H DATA UPDATE:

WTI has found it's new intraday base at 81-82 levels.

Will aim to revisit its previous peak at 84.

액티브 트레이드

4H BREAK.

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OIL broke the 80 range due to low US inventories.

Consistent daily higher lows has been registered -- 'may' target new price rise anew.

TAYOR.

액티브 트레이드

DAILY DATA UPDATE:

OIL managed to regain it's strength -- fulfilling its planned route.

액티브 트레이드

Targets are by 10s, 90, 100, 110, 120.

액티브 트레이드

OIL is really keen on that mission to rise to 3 digit.

액티브 트레이드

The usual DAILY SHIFT before another resistance break.

When daily price shifts -- it is almost always bound to break previous resistance.

TAYOR.
Safeguard funds always.

액티브 트레이드

WTI has trim down gains -- which I think is necessary before another run up. A touch of the 86 level should be healthy for a new base for ascend.

The probability of a break of previous resistance is still high -- after a much needed correction.

TAYOR.

액티브 트레이드

A healthy correction has materialized way more than we expected.

This is good for prospective entry to LONG.

I'll update again soon for a possible entry.

TAYOR.

액티브 트레이드

Initial tranche buy for the present range already looks good.

Any ascend from here should warrant position augmentation.

Spotted at 83.5

TAYOR.

액티브 트레이드

OIL bargained itself further and touched 81.0 levels, this is looking attractive for an entry.

The recent daily metrics is suggesting a price 'bend' already.

Spotted at 81.0

TAYOR.

액티브 트레이드

After surge update:

Oil corrected conservatively on the higher channel, and now consolidating at limited range conveying a possible attempt to rise further.

TAYOR.
Safeguard funds always.

액티브 트레이드

OIL still ranging narrowly inside the darvas box. This horizontal movement is conveying a firm intention to go further.

액티브 트레이드

A wide look at the daily metrics.

OIL is creating a double bottom scenario -- even daily higher lows once the 'v' bending formation completes.

Patience is key on this one.

TAYOR.

액티브 트레이드

1H update: A retest is now in order.

Ascend journey RESET.

Spotted at 81.5

TAYOR.

액티브 트레이드

4H update:

It is currently creating a "W LAST LEG" formation -- this is usually a pre-surge hint with high probability.

액티브 트레이드

Weekend update:

OIL managed to bounce off a major support after correcting healthily into the 82 range.

For next week, an upside continuation will still be in play with possible retest of previous peak at 90 levels.

Congrats to those who got to ride this on a quick discount price.

TAYOR.
Happy weekend everyone.

액티브 트레이드

4H update:

Healthy trim downs for sustainability.
Upside continuation after the correction.

액티브 트레이드

1h data update:

OIL did a healthy consolidation and touched the anticipated points.

It is now getting ready to get out of the conso zone -- and retest previous peak with possible break.

Spotted at 85.0

TAYOR.

액티브 트레이드

A breakout.

All moving according to plan.

액티브 트레이드

OIL is filling in the imbalance after the recent surge. It's close to order block levels and an upside continuation will be in order thereafter.

Spotted at 86.5

TAYOR.

액티브 트레이드

anticipated movement/direction fulfilled.

So far so good for OIL. Targets remain in tact: 3 digit valuation.

TAYOR.

액티브 트레이드

Healthy trim downs by OIL -- another 'seed' opportunity in play.

I'll update soon if that signal surfaces. :)

액티브 트레이드

1h Data:

New buy seed opportunity UP!

Spotted at 86.70

TAYOR.

액티브 트레이드

confirmation UP!

chart update.

액티브 트레이드

Daily update:

Back to daily support base. A bounce from here maybe expected.

TAYOR.

액티브 트레이드

Daily data update:

Daily shift spotted -- new higher low base anew.

Expect some rise from here.

Spotted at 84.00

액티브 트레이드

I admit my inaccuracy on this one, my err. It went below the psychological line at 83.0 and went to further correct. The daily shift has more weight this time.

액티브 트레이드

Daily data update: Waiting for a confirmation signal on the daily for OIL.

액티브 트레이드

Daily data update:

We finally got confirmation on the daily. A gold bar has surfaced after sometime. Net buy signal has re-surfaced after 2 weeks of waiting. We may have a new base now -- an ascend is expected.

액티브 트레이드

Trying a new custom approach / visual chart.

I'm waiting for a "V" shape bending red line for confirmation on the daily.

It's currently in progress... I'll post once we get that.

tvc-invdn-com.investing.com/data/tvc_60c6b77d0b0a2021ee9e641a4371dd58.png

TAYOR.

액티브 트레이드

Accumulation has started again based on daily metrics after waiting for sometime.

액티브 트레이드

Daily data update:

We got the much awaited confirmation, daily shift bar.
Net buying continues to grow -- and a carry over to 2nd day is likely.

액티브 트레이드

Day2 white bar. More rise is expected.

액티브 트레이드

3H data update.

Higher lows, new attempt.

액티브 트레이드

OIL re-attempting again at the same base 76.0

Confirmation is at 78.0

액티브 트레이드

Daily data update:

OIL buyers have re-initiated accumulation.

액티브 트레이드

net buying is increasing -- with fundamental news: OPEC planned cuts in production.

액티브 트레이드

daily data update:

Price + volume has increased significantly.

액티브 트레이드

Weekly data upate:

OIL registered its first weekly positive candle after 6 weeks of waiting.

액티브 트레이드

4H data update:

OIL is attempting on 4H. A possible setup is in order.

액티브 트레이드

Daily data update:

OIL finally moved into the 'upper' channel range.
An attempt to touch resistance with possible break is in order.

액티브 트레이드

Weekly data update:

Accumulation has started based on weekly metrics.

Expect an ascending weekly gains soon.

액티브 트레이드

Upside reversal meter is increasing at the current range.

액티브 트레이드

1H data upate:

WTI registered its first horizontal baseline bend after 10 days -- hinting of an attempt to reverse trend.

액티브 트레이드

4h update:

On 4H, things are looking much rosier. A confirmation is up. The latest candle supercedes the green bar series conveying momentum buildup (long).

Price growth from here is expected.

액티브 트레이드

OIL recent price movements is conveying an optimism on future OIL valuation. We are almost at the "heat" zone territory. A break would mean new rise / price reversal. Three straight days of net volume increase has been registered.

72.0

TAYOR.

액티브 트레이드

Weekly data update:

BUY ALERT. More price growth ahead.

Long term price shift / Reversal in order.

액티브 트레이드

moving as planned from our 72.0 spot.

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Breakout.

액티브 트레이드

2nd net positive weekly candle spotted.

OIL is en route to significant price recovery.

액티브 트레이드

New attempt to the upside maybe forthcoming on the opening trading week of 2024.

액티브 트레이드

OIL doing its usual pre-rise waves before a big surge.

DAILY DATA METRICS:

액티브 트레이드

So far so good.

At this point now, doubt has no place.

액티브 트레이드

RARE BEAUTY.

BUY. HOLD. ENJOY THE VIEW to the top.

액티브 트레이드

Weekly data is conveying: DON'T DOUBT.

TAYOR.

액티브 트레이드

OIL is prepping to touch these price points based on its recent price movements: 90 , 120

액티브 트레이드

4h data update:

Upside continuation in order.

액티브 트레이드

Moving based on expectation.

액티브 트레이드

This is poised to breakout soon -- and may targets it's previous peak at 92.0 range.

TAYOR.

액티브 트레이드

Daily data update:

Price shift has been spotted.
Higher lows.
Fresh ascend attempt is in order.

액티브 트레이드

OIL is bouncing perfectly on its ascending support line.
Here is the possible scenario.

TAYOR.

액티브 트레이드

4h double bottom has been registered today.
First good sign for reversal to the upside.

TAYOR.

액티브 트레이드

STRONG BUY.

액티브 트레이드

So far so good. Interim target set at 87.0

액티브 트레이드

Analysing last week's candle close, we maybe looking at a new rise soon.
This will target 85.0 levels, based on our long term histogram metrics.

'Early' Bear shift signal has been registered. A pre surge move.

TAYOR.

액티브 트레이드

This is moving based on expectation.

액티브 트레이드

REITERATION: STRONG BUY.

78.50

액티브 트레이드

There ya go. Almost at 80 now.

Further rise is expected.

HOLD.

액티브 트레이드

1h data update:

Upside continuation in order.

액티브 트레이드

LONG TERM HISTOGRAM UPDATE:

We got the "BEAR DETACHMENT" Signal, a pre-surge alert!

Expect significant price growth ahead in the next few weeks from the current range of 74.0

TAYOR.

액티브 트레이드

So far so good.

액티브 트레이드

Moving based on expectation
Further price growth is expected.

액티브 트레이드

Daily data update:

OIL respecting its stair-up key levels -- ascending based on expectation.
Next target set at 81-82 levels.

액티브 트레이드

Weekly data update:

OIL is poised for more significant price growth in the next couple of weeks as it inch towards the heatzone area -- the breakout zone. We are now below it, an attempt to touch this area is very high at this point and eventually poke a breakout soon.

TAYOR.

액티브 트레이드

So far so good, we got good gains from our spot a few days back.

Now oil is resetting up again for another round to the upside based on 1h data.

액티브 트레이드

Beautiful rise. More to go.

Going as planned based our spot last June 19.0

Keep it burning.

TAYOR.

액티브 트레이드

Moving perfectly now as expected.

액티브 트레이드

Daily data update:

Massive shift has been spotted on the daily.
Oil is now eyeing a re-tap of 85 area from the current price of 77.0

TAYOR.

액티브 트레이드

Bouncing on a strong 6-month support. Good rise is expected from here on.

액티브 트레이드

Inching closer to re-tapping 80 levels -- which we have expected to happen.

More series of ascend awaits OIL.

TAYOR.

액티브 트레이드

Long term data metrics update:

REITERATION: VERY STRONG BUY!

We are finally shifting, and strongly at that.
Long term Upside reversal has now transpired.
Get ready for some weighty price ascend from the current price zone.

Spotted at 72.0
Interim target at 80.0
Long term 90.0

TAYOR.

액티브 트레이드

OIL will keep burning it up.

Spotted at 72.0

액티브 트레이드

Daily data update:

STRONG BUY HOLD.

Oil is ripe for another ascend targeting 80 levels on an incoming run-up..

Spotted at 74.5

TAYOR.

액티브 트레이드

We are 76 bound from the current range of 72.0

Next interim target thereafter is at 80 zone.

TAYOR.

액티브 트레이드

So far so good. We've risen nicely from our last spot from 69.0 levels.

I expect more price growth from the current range -- targeting 84.0 range as midterm target.

Spotted at 71.50

TAYOR.