There is something insightable happening with WTI oil. 90 strike and trade volume are attracting attention. Check out Monday's trading data below. But to properly interpret it, we need to look at the data in the context of how the price of the asset has moved. Comparing when the highest option trading activity was at the 90 strike and how the asset moved, the...
If you haven`t bought the dip on USOIL: In the chart, there's an inverse head and shoulders pattern visible. Coupled with robust travel demand anticipated this summer, I predict USOIL could reach $90 during this season!
Hey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 80.20 zone, USOIL was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 80.20 support and resistance area. Trade safe, Joe.
CL OIL, H4 Oil prices face resistance and fail to break above crucial levels due to a lack of market catalysts amid global economic uncertainties. Downbeat economic data from both the US and Eurozone contribute to a dimmed global economic outlook. Additionally, Eurozone inflation dips further, adding to the prevailing uncertainties in the oil market. Oil prices...
Hi all, been away for a while now. really had to take a step back and rethink my whole take on this market and especially the oil market. Cant figure out where the market had to go and why it did not respond to all the news and macros in the market. But here is my take on where the oil prices have to go for the next couple of weeks/months. I have the following...
Hi Traders! USOIL is in an ascending price channel as it looks to break back above the 75.00 level. Here are the details: The price action looks currently bullish; the market swings are getting higher, and the price is about to break back above the 20 EMA. Our idea here is to buy market dips leading up to the 20 EMA break. Short-term targets are levels around...
USOIL is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle. Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the...
Hello Traders ! On Monday 18 Dec, The USOIL Reached a Resistance Level (74.03 - 74.75) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move... TARGET: 69.50🎯
Overview: Stochastic in oversold area suggest that a technical rebound is possible. Our current position's delta: +0.20 First target: $77.40/$77.50 Second target: $78 Stop loss/mandatory level of rebalancing: on breakout $76.30 First target: $75.50/$75.30 Second target: $74.90
We have a perfect setup for move towards the 100-lvl. War, reduced production, increasing demand and "hopefully" a cold winter coming. I really believe that we are going towards the 100-lvl soon. Good luck!
USOIL is been on enormous bull run. And now reached to daily resistance zone. In past bears took benefits from this level multiple time and turn the trajectory of commodity. Like in past , this time it is also looks like bears were waiting for this level again, as it can be seen from the chart that bullish momentum being fade out. more ever bearish divergence...
USOIL is in enormous bullish trend and best thing to do in such cases is just ride the trend. As the commodity is correcting a bit which technically giving a buy option for another leg up. What you people think of it ?
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 76.40 zone, USOIL was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Trade safe, Joe.
USOIL is hovering in strong supply zone while bullish momentum is fading out. will the bears attack this supply zone and push the price to lower side.?
Hi Traders! Our range zone support on US OIL refuses to be broken, and we are heading back towards the 74.72 range zone resistance level. Previously, we spotted a possible triangle break to the downside with a dragon fly doji candle pattern (LINK TO IDEA BELOW), and one of our rules to confirm the break was a break and close below the range zone support at 66.88,...
Hi Traders! Our USOIL range zone looks like it is on the brink of a possible breakout. A triangle pattern has now formed on the daily chart, and a recent lack of bullish momentum tells us that we may be breaking to the downside. One thing to note, however, is that there was a rare dragonfly doji candle pattern, which is a candle pattern that you must watch out...
USOIL has created a reversal pattern ,Head and Shoulder, with bullish divergence. Currently the price is supporting a short inclining trendline and seems like the commodity is all set for bullish attempt.
USOIL ready for another impulse down ? Good retracement of fib level and multiple rejections, from previous support falling trendline, are putting confluence for downtrend.