Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 1234 " Impulsive Waves and Rejection from Upper Trend Line. We have Retracement for Break of Structure. Entry Precaution : Wait for the " 5 " Impulsive Wave
WTI Crude Oil is rebounding after breaching marginally under the 0.786 Fibonacci. That is the retracement level of the ranged price action long-term in the last 12 months. Symmetrically, it is a strong rebound level as witnessed on the December 9th 2022 low. Trading Plan: 1. Buy on the current market price. Targets: 1. 77.50 (projected contact with the MA50...
✅CRUDE OIL is trading in a Downtrend and is now Making a bullish correction But a strong horizontal Resistance is ahead from Where I will be expecting Bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CRUDE OIL keeps falling down But will soon hit a horizontal Support level of 72.14$ from Where a bullish rebound and A move up are to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Oil prices saw a decline due to skepticism about OPEC+'s output cuts and concerns over growing supply overshadowing potential disruptions in the Middle East. U.S. crude settled 1.4% lower at $73.04 a barrel, and Brent dropped 1.1% to $78.03 a barrel. Despite announcements of output cuts, the lack of confidence in compliance and doubts about measurement methods...
✅CRUDE OIL is trading in a Downtrend so I am bearish Biased mid-term however, Oil is locally oversold so After it retests the horizontal Support level below at 72.50$ I think that we will see A local bullish rebound LONG🚀 ✅Like and subscribe to never miss a new idea!✅
✅CRUDE OIL is going up now But a strong resistance level is ahead around 79.30$ Thus I am expecting a pullback And a move down towards the target of 76.00$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Oil prices surged during the latest OPEC+ meeting discussions, showcasing a 1.2% rise in U.S. crude futures at $78.77 per barrel and a 1.1% climb in Brent crude to $83.78 per barrel. The market buzzed with expectations of deeper output cuts, despite existing pledges from OPEC+ members to cut global oil output by about 5 million barrels per day. The delay in the...
✅CRUDE OIL is trading in a Downtrend and the price retested The horizontal resistance of 78.00$ And is going down again so I think that we will see A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
WTI oil (USOUSD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 78.506 Why we like it: There is a pullback resistance level Stop Loss: 81.725 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level Take Profit: 72.437 Why we...
WTI OIL (USOIL) has been trading within a long-term Rectangle since the August 30 High. This is most accurately displayed by the use of the Fibonacci retracement levels where we can see that the majority of the price action has been within the 0.236 - 0.618 Fibonacci range. We call that the "High Volatility Zone". On November 16 the price almost hit the bottom of...
With oil prices having fallen around -25% from the September high, a correction higher may be due. And as prices failed to hold beneath $70, Wednesday's bullish hammer (which is also a higher low) has caught out eye). The hammer was coupled with above-average volume to suggest demand around $75, and the initial break below $70 was seen on strong negative delta...
HELLO TRADERS !!! As i can see CRUDE OIL 🛢️ The anticipated OPEC+ meeting set for this weekend to a postponement to Nov 30th. The delay stemmed from challenging discussion between Saudi's and fellow members regarding oil production levels.... Saudi Arabia currently implements an additional 1 Million barrel per day output cut since July engaged in talks...
The price of WTI crude oil continues to rise ahead of the OPEC+ meeting scheduled for Sunday, during which cartel members will discuss policy regarding production. The group will likely decide to lower the output in response to more than a 20% decline in the oil price since September 2023 highs (now, closer to an 18% decline). While a drop in supply is normally...
hello traders as i can see its a great entry point for oil to caught some easy pips oil had created a good support zone on last daily low in shorter TF its seems more upside to test broken support zone Saudi and Russian are stick on their cut policy and war is also creating more demands trade with ur on risk its just and trade idea if ur like our prediction we...
Crude oil is trading lower, currently showing blue wave C in late stages of a corrective wave B pattern. We can also see now five subwaves down within C from 88/89 zone, where final subwave (5) of C can be now coming to an end with a huge volume increase. We can actually already see a sharp bounce from the support that can be signal for a minimum three-wave...
WTI oil (USOUSD) could rise towards a pullback resistance and potentially reverse off this level to drop lower towards our take profit target. Entry: 79.454 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 81.725 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.555 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 80.000 which is a level that sits the 23.6% Fibonacci retracement level and a swing-high resistance. Take profit is...