Its Sell Time for Current Month WTI Crude Oil, Will See Huge Selloff Today May Touch 107.10
Occidental Petroleum Short Term - We look to Buy at 55.37 (stop at 50.76) Trading within a Bullish Channel formation. We are assessed to be in a corrective mode lower. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Earnings news could provide a good catalyst for...
USDWTI D1 Big daily timeframe here, expecting WTI to fall shorter again this week, continuing the theme we saw last week. Small spike towards the end of the week, but nothing to break the technical trend. Expecting very much the same with gold too, analysis to follow.
Hey traders, in today's trading session we are monitoring USOIL for a buying opportunity around 102 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Oil breaking out of bigger correction. confirmed first wave up and entered on wave 2 finish and breakout
Big correction to wipe out long positions / profit taking I believe there is now enough energy to reach ATH, which is a 55% increase from here The black gold No financial advice, educational purposes only
I'm watching these pattern, i'm scared. I never trade UsOil, i lost the mega crash on Covid, but now i'm looking for a good point to enter in the market. You thoughts?
G'day Traders and Analysts, Breakdown: 1. Note 2. Contents/Warnings 3. Research breakdown 4. Education recap 5. Information on Lupa. A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. USOIL is an investment, so here is the technical and logical...
The commodity basket to S&P ratio just formed a textbook double-bottom. The ratio also has a very similar momentum setup to the peak of the Dot.Com Bubble on both the RSI and 7 yr Rate of Change indicators. We look to be starting a true secular bull market in real assets that could be sustained throughout the decade. The chart shows that financial assets have...
USOIL has a bullish trend and price broke the daily resistance zone from November 2021, and could fix above it. In the 1H chart, a little symmetrical triangle pattern and also a pennant pattern have been made by price. Currently, the pattern is broken out to the upside by a strong large bullish candle closure above it. We can expect more rise for USOIL to the...
USOIL price has dropped from a strong resistance zone after completing the harmonic pattern parameters. So we are expecting bears will dominate and they can pull down the price towards 70.0 support area. Good Luck!
Last week, the pair continued the uptrend and broke the $80 level. For next week, we expect the price to enter a bearish phase and reach the bottom channel line. This move is expected to act as a short-term consolidation. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be...
This is no prediction just me marking oil up and wondering what could happen next in this financial landmine, this has a history of some beautiful pull backs but where to enter is questionable for me and even to see reversal happening in real time will be the challenge, being patient on the higher time frame will be my overall end game and zooming in to the lower...
Chart looks clean and easy. Make your own decision . Wait for oil to make a clear price action.
This week the price of oil hit a strong level of resistance and failed to continue trending and has since reversed and is currently forming a pullback. The resistance level price hit is based on the April 2019 high at $66.58 and has held strong ever since. The last time price traded above this level was in October of 2018. As price is pulling back, we need to...
I spotted a bearish hammer on WTI H4, I've placed a sell stop market noise below the low of the hammer.
Oil managed to get above the $51 level and gained additional upside momentum. Currently, oil is trying to settle above $51.50 which will provide it with an opportunity to get to the test of the $52 level. RSI has entered into the overbought territory and the risks of a pullback are increasing but there is still some room to develop momentum. If oil gets above the...
Oil is trying to settle below the support at $47.30. If this attempt is successful, oil will head towards the next support at the 20 EMA at $46.20. Recent trading sessions have indicated that there are no important levels between $46.20 and $47.30 so this move may be fast. On the upside, oil has once again faced resistance near $48.00. If oil manages to settle...