WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 79.94 which is a pullback support. Stop loss is at 79.00 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 82.41 which is a pullback resistance. High Risk Investment Warning Trading...
WTI Oil (USOIL) has been consolidating within the 1D MA200 (orange trend-line) and the 1W MA200 (red trend-line) for a full month. We have previously seen the same king of consolidation in mid-2023 and then November 2023 - January 2024. On both occasions, the price then entered a medium-term Channel Up. Also on all occasions, the 1D RSI was on Higher Lows, while...
The WTI Oil 4H chart displays a classic bullish reversal pattern, often referred to as the "three pushes" or "three drives" pattern. This pattern is characterized by three distinct attempts by the market to push lower, each attempt being met with increasing buying interest. The current setup shows that after three downward pushes, the price has started to rebound,...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 78.41 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 79.30 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at...
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Pair : US Oil Description : Completed " 12345 " Impulsive Waves Break of Structure Head and Shoulder Bullish Channel as an Corrective Pattern in Short Time Frame Demand Zone
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.74 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 78.50 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at...
✅CRUDE OIL will soon retest a key support level of 76.74 So I think that the price will make a rebound And go up to retest the supply level above at 78.00 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Equity Markets Navigate Macro Scenarios Amid Interest Rate and Stagflation Concerns Equity markets navigate various macroeconomic scenarios as investors weigh the risks of prolonged high interest rates and potential stagflation. HSBC suggests that greater clarity from the Federal Reserve, even if leaning more hawkish, could ease market pressures. Strategists...
WTI Crude Oil is neutral on its 4H technical outlook (RSI = 44.657, MACD = -0.100, ADX = 42.834) as it has been trading sideways since the start of the month. Nonetheless, it got rejected yesterday at the top of the Channel Down and the 4H MA100, was where it got rejected last time on April 26th. We are short, aiming a the 1.5 Fibonacci extension (TP = 73.20). ...
In the past hours, OIL (WTI) experienced a sharp rise driven by news of Iran's president's death, which significantly impacted market sentiment. This surge allowed OIL to break above the bearish channel and catch the liquidity over the resistance zone, as illustrated on the chart. However, despite this upward spike, the price action suggests that OIL may continue...
WTI Oil (USOIL) made yesterday a strong rejection on the 1D MA200 (orange trend-line), which has been essentially the Resistance since the price broke below it on May 01. Having this level as a Resistance for 3 weeks makes it the strongest sell entry candidate, considering also the fact that this is the top of the 1-month Channel Down, thus a new Lower High. As...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.67 which is a pullback support. Stop loss is at 76.50 which is a level that lies underneath a pullback support. Take profit is at 80.12 which is a pullback resistance that lies underneath the 50.0% Fibonacci retracement level. ...
Crude oil is currently in this bearish channel. We saw rejection earlier of the key fib levels. I would look for another sell opportunity if we reach the higher fib levels for an intraday trade before 1130am EST. Share your thoughts. The Professor
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 79.82 which is a pullback resistance. Stop loss is at 81.06 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 77.67 which is a pullback support. High Risk...
So as per previous forecast for Crude we are bearish bias. We have come to the weekly wick ce again and come CME or NY open I am anticipating a retracement that respects the FVG marked in the chart... Sure sometimes price might 'mowhawk' above like sense says. Be patient and wait for price to make a MSB on at least the 5min before using your entry model to target...
WTI oil (USOIL) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 78.02 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 76.60 which is a level that lies underneath a swing-low support. Take profit is at 79.87 which is a pullback resistance that...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 79.77 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 80.80 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at...