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...
Oil is under serious pressure today amid fears about the new coronavirus strain in UK. In addition, oil was a bit overbought last week so the coronavirus-related panic was amplified by some profit taking. Oil managed to find support at $46.30 and rebounded back above the $47 level. Currently, oil is trying to stay above the low end of the current upside channel....
Oil did not manage to settle above the resistance at $47.70 and pulled back. The nearest support level for oil is located at $46.65, and a move below this level will push oil towards the next support at $46.25. On the upside, the situation has not changed compared to the previous trading session as oil needs to settle above $47.70 to continue its upside move and...
Oil managed to get above the resistance at $47.30 and is trying to settle above recent highs at $47.70. If oil manages to settle above this level, it will head towards the next resistance at the $48 level. A move above the resistance at $48 will push oil towards the resistance at $48.65. On the support side, oil may get some support at the previous resistance at...
Oil gained downside momentum and is trying to settle below the support at $45.80. A move below this support level will push oil towards the low of the previous pullback at $45.00. More importantly, oil will get out of the current upside channel which will be dangerous for the bulls. If oil settles below the support at $45.00, it will head towards the 20 EMA at...
Update on previous analysis.. Still going to plan. @crudesignals
Oil is facing some pressure at the start of the week and tries to settle below $46.00. However, support for oil remains strong, and it needs to settle below the nearest support level at $45.80 to develop downside momentum. On the upside, a move above $46.25 will push oil towards the recent highs at $46.65. A successful test of this level will open the way to the...
Trade Set Up for USOIL Share thoughts in the comments Like and follow for more content Good Luck
Update from previous analysis. It’s a beautiful thing to see. Thank us later ;)
Trade Recap. Trade of the week for me, manages to catch this big drop on oil that I had been patiently waiting for, for a while now. Set an order at my key level of resistance, got triggered and then she was off. Some sort of correction on OIL has needed for a while now technically it was a great set up, big accumulation on this pair for a while, catching people...
This pair was so volatile last week., but we knew we are going to see a breakout to upside. we finally bucked 173 pips. hope you guys had a wonderful trade Please follow me for more updates
AS YOU CAN SEE, I DON'T USE ANY ON CHART INDICATORS SO I'LL KEEP THIS SHORT AND SWEET. FK ALL THE USELESS TECHNICALITIES ABOUT EMAs, ETC. USOIL LOOKS TO SLIDE DOWN TOWARD $36.10 AS CONTINUED EFFORTS TO RAISE PRICE HAS FAILED. FALLING UNDER GROWING PRESSURE AND MOMENTUM, WE COULD VERY WELL SEE PRICE CONTINUE TO SLOWLY DESCEND OVER THE COMING WEEKS. RECENTLY...
Hello Guys, This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use...
this was an amazing breakdown. we had slight drawdown. hope you made some bucks. if you have any question let me know how i can help. follow me to see my journey as trader
Crude oil making a brilliant flag with possible ABCD pattern 41.10 is a stop loss pick us with you crude
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! -Traders losing interest in oil as prices swing around $40.00/bbl for a third consecutive week. -The trading volumes on oil futures has remained subdued over the past few weeks as markets seek new strong information. -...
WTI Crude Oil is trading within a Channel Up on the 4H chart (RSI = 36.632, MACD = 0.170, ADX = 31.347). The MACD turned flat and as you see on the chart that has been a signal of a top formation on three previous occasions. In two of them the price dropped a little more than -11% and on the other around -15.50%. The Symmetrical Support zone that held on three...
Firstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you! The price range is narrowing down to just around $0.75. Trading volumes have significantly declined as markets seek new information.