WTI Crude Oil is bearish on its 1D technical outlook (RSI = 35.492, MACD = -1.060, ADX = 41.641) as it got rejected on the 1D MA200 today. The longer it remains under the 1D MA50, the stronger the selling will be. Being inside a Channel Down similar to October-November 2023 that extended all the way to the 1.5 Fibonacci level, we are expecting selling for the rest...
Here is my latest structure analysis and important key levels to watch on WTI Crude Oil. Resistance 1: 80.3 - 81.9 area Resistance 2: 83.7 - 85.6 area Resistance 3: 86.8 - 87.6 area Support 1: 76.8 - 77.8 area Support 2: 75.5 - 76.3 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
We have a good setup in OIl that is offering 1:7 RRR. Perfect entry will be on 61 Fibo Retracement or BPR underneath or any FVG. Disclaimer: Not financial advice. Do your own analysis
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...
WTI oil (USOIL) is trading close to a breakout level and the bullish momentum could potentially push it higher from here. Buy entry is at 79.89 which is a potential breakout level ( Wait for the 30-min candle to close above this level for confirmation ). Stop loss is at 78.70 which is a level that lies underneath a pullback support. Take profit is at 81.23...
Yesterday I thought oil would reach 79.5, and I thought that if oil closed at 79, the probability of rising today would be high, but the highest it could only reach 79.2. After my analysis today, I believe that oil started to fall from 87.6, reached as low as 77, and finally fell to around 76.9, a total drop of almost 11, so I judge that oil has some room for...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BLACKBULL:WTI TVC:USOIL FOREXCOM:USOIL FX:USOIL GBEBROKERS:USOIL The overall trend of oil is still rebounding from a decline. The upward pressure currently existing above is at 80.56. However, the market never starts to rise after a rough bottoming, so the operation is still based on the reference conditions of yesterday's high and then the market...
I've been very reluctant to publish any idea's this week intra day, as I believe we are in retracement from the amount we sold off recently. The 4hr wick CE is the point of interest I have where price respected I am aiming for the 15min SSL to be broken and a setup form this CME open.... Lets wait and see...
Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 77.07. ✅LIKE AND COMMENT MY IDEAS✅
Rebound to resistance level, sell first, tp 79.1
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
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...
WTI is following my main ideas and it showing us a good bullish pattern that I really like. We can see a strong divergence on multiple timeframe, a break above main trendline, and it's giving us enough time to accumulate longs at a strong support zone. My first target is the same as previous ideas
The US crude oil benchmark is currently trading around $79.50 on Friday, marking a continued decline from its recent peak of $88.00. This downward trend is attributed to several factors, including rising crude inventories in the United States and diminishing expectations for interest rate cuts from the US Federal Reserve (Fed). The Fed's decision to maintain...
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
OPEC cuts lead to lower oil, not higher oil prices. That is why they are cutting . If Global demand was there they would not be cutting they would be selling as much as they can at higher prices. I see too many people get this backward.
USOil (WTI) is under pressure, it has retraced into my optimal entry zone on the 4H. Looking to sell at the currrent level with a 2R target. SL above the previuos high. Not financial advice.