Last month's Head and Shoulders (H&S) pattern (see chart below) hit both of our Targets (79.00 and 75.00) and transitioned into a Channel Down: The price almost hit the pattern's bottom (Lower Lows trend-line) and after a 4H MA50 (blue trend-line) rejection, the 4H RSI formed the same Higher Lows trend-line as it did on October 12. We are expecting this to...
Crude oil market analysis Crude oil analysis and speculation: On Tuesday, crude oil shock back to 77.8 did not break the rise to 79.8 rapid fall back to 77.8 with the recent line to close the small negative line, the daily line to see crude oil may continue to fall, the evening crude oil rebound on 78.2-78.7 look back on the high short, below attention 76.2-75.3;...
Retesting a broken daily horizontal structure, Crude Oil formed a tiny double top pattern on an hourly time frame. The neckline of the pattern was broken after the market opening with a gap and a consequent strong bearish candle. We can anticipate a further bearish continuation. Goals: 75.9 / 75.5 ❤️Please, support my work with like, thank you!❤️
Crude Oil - Daily-Update These are my keylevels for Crude Oil on Daily time-frame.
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.252 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 78.600 which is a level that sits above a pullback resistance that aligns with the 38.2% Fibonacci retracement...
WTI oil (USOUSD) is falling towards a pullback support and could potentially break below this level to drop lower towards our take profit target. Entry: 75.870 Why we like it: There is a potential breakout level Stop Loss: 78.437 Why we like it: There is a pullback resistance that sits above the 23.6% Fibonacci retracement level Take Profit: 72.714 Why we like...
Crude Oil just printing another LOWER-LOW. 78 support line became now a resitance zone , so we can see 73-74 zone , very soon. Also OPEC anounced that they estimate an increase in barels per day in 2024-2025 , that is a bearish info beacause they already cut the production every month and the price is still in down trend, so with an slower economy also the demand...
Are you more interested in short-term scalping or mid-range value investing? Most people like frequent trading but do not have professional trading knowledge so they burn their accounts! I delete oil and gold transactions I choose short-term scalping in gold Choose medium - and long-term value investments in the crude oil sector Both sectors have proved very...
Oil prices rebounded after experiencing losses last week, primarily due to expectations of a tight supply situation for the rest of the year. This rebound was driven by key factors, including the commitment of major oil producers Saudi Arabia and Russia to maintaining production cuts until the end of the year. The decrease in the U.S. oil rig count also played a...
WTI oil (USOUSD) could rise towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 84.135 Why we like it: There is an overlap resistance level Stop Loss: 86.849 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level Take Profit: 81.169 Why we like it: There...
Crude Oil remains under a strong bearish pressure. First, the market violated a solid rising trend line on a daily, Second, a wide horizontal zone of demand. The broken horizontal and vertical structures compose and expanding supply zone now. I will expect a bearish movement from that to 78.6 - the next horizontal support. ❤️Please, support my work with...
Oil, after breaking the support of the trend line, attempted a comeback and retested the former support line that turned into resistance, from where the sellers managed to defend the price and thus it seems that we only had a discount for a new sell. Now the price is in an interesting neckline and I, personally, am only looking for a short.
Multiple time frame analysis on Crude Oil. Potential scenarios. Detailed trading plan. Important key levels. ❤️Please, support this video with like and comment!❤️
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 83.014 which is a pullback support level. Stop loss is at 81.200 which is a level that sits under a swing-low support level. Take profit is at 86.456 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. ...
WTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 83.142 Why we like it: There is a pullback support level Stop Loss: 81.725 Why we like it: There is a swing-low level Take Profit: 86.849 Why we like it: There is an overlap resistance that algins with the 50.0%...
HELLO TRADERS,,, As i can see this chart of USOIL it is moving same as we had predicted in our previous analysis Israeli & Gaza War Tensions are driving Gold and Oil prices in bullish trend and we can see a Wyckoff Pattern on the base of technical view the support is holding the price of oil and i am expecting it will boost to the upside for completing this...
Oil prices dropped over 2% as U.S. crude stockpiles rose, signaling weakened demand. Additionally, concerns about the global economic outlook led to a broader sell-off in equities. Brent crude futures fell by 2.2% to $88.13 a barrel, while U.S. West Texas Intermediate crude futures slid by 2.7% to $83.13 a barrel. These price declines were driven by a combination...