Crude Oil is consolidating after a strong bullish wave.
The price formed a horizontal range on a daily.
Next week, wait for a breakout of one of the boundaries of the range for a confirmation.
Bearish violation - a daily candle close below a support of the range, will give you a strong
bearish signal. A bearish continuation will be expected to 83.0...
Hola Traders,
This is our Excellent master plan to Heist Bullish side of Crude oil barrels. My dear Looters U can enter at the any point above the green MA pullback area, Our target is Red Zone that is High risk Trap area. Put Stop loss in recent swing LOW. Dear Robbers we can steal oil barrells and finally sell in the commodities market then make money and take...
Crude Oil set a new local higher high higher close on a daily,
violating a key horizontal resistance.
It opens a potential for a further growth to 89.0 resistance.
I would suggest looking for entries after a pullback.
The safest zone to watch is a demand zone based on a broken structure
and a trend line of a rising channel.
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Detailed technical analysis for WTI Crude Oil.
Price action & important key levels.
Daily/4h/1h time frames analysis.
Bearish outlook explained.
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From a long-term perspective, Oil, in this case, we use the Brent Last Day Financial by NYMEX CME, overall is trending downward!
It would be tempting to initiate a “sell on rise strategy” especially when a long term trend line (in blue) is challenged. The trend line majors the historical highs of Brent (BZ) as well as Crude (CL) since the second all-time-high...
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Sharing the algo levels for brent oil - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.
Am going to heist the Crude Oil at bullish side. This is my plan to Loot the money in this method. I set my Buy Stop at Pivot line. when it trigger Golden cross my loot will start.
In my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea:
Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March...
Brent crude oil is presently confined within a daily range-bound channel. The price is currently testing the upper bounds of the range, suggesting a potential retracement to retest previous lows. This analysis incorporates a seasonal perspective – historical data over the past decade indicates a tendency for Brent to experience declines during the month of...
Crude Oil is trading in a bullish trend.
The price retraced to a solid vertical trend line on a daily.
After its test, I spotted a confirmed bullish breakout of a resistance line
of a falling channel on an hourly time frame.
I think that bullish rally may resume soon.
Goals: 78.0 / 80.6
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Crude Oil is currently testing a wide horizontal supply area.
Its bullish breakout may trigger a strong bullish movement.
Daily candle close above 80.8 will confirm a violation.
A bullish continuation will be expected to 82.4 level then.
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Texas oil prices are rising (as well as North Sea Brent). Considering the current global risks, the possibility of oil price increase is still standing. (This is a personal opinion)
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...
Here is my latest structure analysis for WTI Crude Oil.
Resistance 1: 78.9 - 80.8 area
Resistance 2: 82.5 - 83.5 area
Support 1: 75.5 - 76.2 area
Support 2: 70.7 - 71.8 area
Support 3: 69.4 - 70.4 area
Support 4: 67.7 - 68.7 area
Consider these structures for pullback/breakout trading.
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Crude oil price showing strength!
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#crudeoil
#wti
#brentoil
📊 Due to the price approaching the supply range of $79.0 and the downward momentum of the price movement, if the range of 78.0 units is broken and the price stabilizes below it, the price may fall to the range of 76.6 🎯and in the case of the strength of the range of 74.0 units🎯🎯.
📊 Otherwise, the possibility of price increase up to the range of 81.0 units.
Hello guys ,
it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf.
if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity .
Update the PULLBACK was done exactly as expected am waiting for...
