WTI oil (XTI/USD) could rise towards an overlap resistance at 84.35 which has been identified as a pivot point. Could price stall around this level before potentially making a weak bearish reaction? Pivot: 84.35 Support: 79.79 Resistance: 90.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
WTI oil (XTI/USD) has climbed strongly since Wednesday 13th March. This bullish momentum could extend should price bounce off a pullback support at 80.79 which has been identified as a pivot point. Could momentum lift price towards the 1st resistance? Pivot: 80.79 Support: 78.58 Resistance: 83.52 Risk Warning: Trading Forex and CFDs carries a high level of...
WTI Oil Price Reaches 4-month High The International Energy Agency (IEA) has once again raised its forecasts for global oil demand in 2024. While the agency's forecast pointed to the prospect of an oil surplus in 2023, its analysts now believe that the world will experience a shortage of oil in the second half of 2024. Among the reasons for the shortage: →...
Market Analysis: Crude Oil Price Surges Crude oil price is rising and it could climb further higher toward the $82 resistance. Important Takeaways for Oil Price Analysis Today Crude oil prices are moving higher above the $80.00 resistance zone. There is a connecting bullish trend line forming with support near $80.60 on the hourly chart of XTI/USD at...
WTI oil (XTI/USD) is rising towards an overlap resistance level at 80.79 which has been identified as a pivot point. Could price stall around this level before potentially reversing to drop lower? Pivot: 80.79 Support: 75.84 Resistance: 83.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
WTI oil (XTI/USD) is falling towards a pullback support level at 75.89 that aligns close to the 50.0% Fibonacci retracement level which has been identified as a pivot point. Could price bounce off this level and potentially climb higher towards the 1st resistance? Pivot: 75.89 Support: 73.45 Resistance: 80.79 Risk Warning: Trading Forex and CFDs carries a...
WTI oil (XTIUSD) is falling towards a pullback support level at 77.21 which has been identified as a pivot point. Could price bounce off this level and potentially climb higher towards the 1st resistance? Pivot: 77.21 Support: 75.84 Resistance: 80.04 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
External liquidity inducement -> break of market structure -> POI mitigation (?) What do you think? LQP = Liquidity Pool RBR = Rally Base Rally
WTI oil (XTIUSD) has ranged between 78.09 and 80.79 since 28th February. It is falling towards an overlap support level at 78.09 which has been identified as a pivot point. Could price bounce off this level once again and potentially climb higher towards the 1st resistance? Pivot: 78.09 Support: 76.26 Resistance: 80.79 Risk Warning: Trading Forex and CFDs...
The main imbalance that I was targetting has already been filled. The inducement led to the price going down. I'm still bullish for now waiting for the runner to play out. Share your view in the comments! RBR = Rally Base Rally LQP = Liquidity Pool
In my opinion the zone is highly liquid and pretty safe to trade because a lot of orders, stops and lots of liquidity will be already collected. Share your view in the comments! RBR = Rally Base Rally LQP = Liquidity Pool
USOIL finds itself at a critical juncture, facing a formidable horizontal resistance level at 79 that has proven unyielding since November 2023. However, a noteworthy development is underway as it sustains its position above the DEMA100 for the first time since October 23. Furthermore, there is discernible formation of an inverted head and shoulders pattern...
Market Analysis: Crude Oil Price Eye More Upsides Crude oil prices are gaining bullish momentum and might rise toward $80.00. Important Takeaways for Oil Prices Analysis Today Crude oil prices rallied above the $76.55 and $77.00 resistance levels. There is a key bullish trend line forming with support at $77.80 on the hourly chart of XTI/USD at...
Xtiusd tecnically bullish from The spot My target level is TP# 77.70 I am only price action trader I work on only spot & resistance Follow for more update
Market Analysis: Crude Oil Price Extends Rally Crude oil price is rising and it could climb further higher toward the $80 resistance. Important Takeaways for Oil Prices Analysis Today Crude oil prices are moving higher above the $76.10 resistance zone. There is a key bullish trend line forming with support near $77.40 on the hourly chart of XTI/USD at...
Market Analysis: Crude Oil Price Eye Additional Gains Crude oil prices are gaining bullish momentum and might rise toward $82.00. Important Takeaways for Oil Prices Analysis Today Crude oil prices rallied above the $74.90 and $76.00 resistance levels. There was a break above a key bearish trend line with resistance near $76.80 on the hourly chart of...
Crude oil prices declined steadily below the $72.90 support and moved into a bearish zone. Important Takeaways for Oil Prices Analysis Today Crude oil prices extended downsides below the $72.90 support zone. A major bearish trend line is forming with resistance near $72.20 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On...
Crude oil price is rising and it could climb further higher toward the $75.90 resistance. Important Takeaways for Oil Prices Analysis Today Crude oil prices are moving higher above the $71.00 resistance zone. There is a key bullish trend line forming with support near $72.60 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On...