Crude oil started to fall from the daily high of 88 in a double top pattern, and now it has successfully broken through the key watershed of 81, and the lowest drop to around 77 has eased the decline. It has not been able to break through the 77 mark recently, indicating that there is a lot of buying support, but the trend is still bearish. As long as it does...
Oil continues to buy at low levels NYMEX:MCL1! NYMEX:CL1! BLACKBULL:WTI
Head and shoulders pattern, I plan to make a big layout, sell in the range of 80-81.2, tp 77.7/75.3
Shorting the idea the fact that its a retracement move then making another leg lower. Also adding in the fundamentals that inflation is cooling and FOMC is round the corner. watch this space :)
The price may rise to $82 but could also fall to about $70. 101.9 million barrels of oil will be consumed worldwide per day. By next year, the oil markets appear to be oversupplied. Highlights Lower Russian output and more demand brought on by China's reopening could help oil prices. Low demand and a bleak macroeconomic outlook for China When the...
If you are a friend who likes to trade oil, you can do a rebound at 77.5-77.8. Combined with the trend channel, oil will rebound to a certain extent after falling. For ultra-short-term trading, you can also buy to earn the difference. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the...
In terms of oil, after the news of substantial persistence came to light. Oil prices have been trending downward. This is true in the medium term and also in the short term. Currently, the top of 79 serves as a pressure position and is a good selling point. The small-level target below is around the price of 77.5. Operations are still focused on selling. In...
Crude Oil Technical Analysis Daily resistance is 79.7-83.6, support below is 76.8-75 Four-hour resistance is 78.6-79.7, support below is 76.8 Crude oil operation suggestions: Last Friday, the overall oil price fell under pressure from the 79.9 mark. The overall price appeared to be suppressed and encountered resistance at the 79.9 mark. There is still room for...
Oil prices are currently back at low levels, supported by the June production cut agreement. In the short term, buying is still the main focus, taking the price of tradingview as an example. 78.2-78.5 is used as the buying range. The target can be set at 79.6-80.5.
Hey there on 2hTF the USOIL will looks sell side from 79.50 can be again liquidity grab and will be go Downside
Relying on trend resistance to go short, tp 77.9/77.2
Double top form, sell, the first tp point is the previous low near 77.9, if the previous low support is invalid, after falling below, the second take profit is 77.2, if the previous low support is valid, close all orders.
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
Hey There on 1htF the USOIL has looking for short scenario till our next Target 76.75 so we can observe that can slipped again from 78 to 76-75 so that can be rebound in these area but we can first have to watch continue sell side area
Rebound to resistance level, sell first, tp 79.1
Crude Oil Technical Analysis Daily resistance is 79.6-83.4, support below is 76.8 Four-hour resistance is 79.6-80, support below is 78-76.8 Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days. The short-term resistance above today continues...
The rebound in the downtrend is approaching resistance, sell, tp78.9/78.6/78.1
Recently, oil prices have fallen to a certain extent due to multiple factors. This article will delve into the main factors affecting oil prices, including increases in crude oil inventories, + policy expectations, and the impact of geopolitical events on the market. From a technical point of view, it is still in a volatile decline, and the rebound is still...