The price of Crude Oil just keeps rocketing with no stop in sight😍 Oil is up 25% from our POI & the best thing is, we're only at the start of the bull run😂 We've completed Wave I & now seeing a retracement (Wave II) for new buyers to get into the market at a discount.
We look at the scheduled economic data and US earnings this week and question if given the fluid news flow from the Middle East, these events move the dial or if geopolitics consumes the full attention and direct sentiment. We saw a rush to hedge portfolios on Friday ahead of a darkening picture emerging in the Middle East. The situation is dynamic and it's too...
✅CRUDE OIL has made a rebound From the rising support while Trading in a long-term uptrend So I am bullish biased and I will Be expecting bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CRUDE OIL is trading in An uptrend and has made A bullish rebound from the Rising support so IF we See a breakout of the Horizontal resistance level Of 88$ then I think Oil Will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Crude Oil Super Bullish Targeting 121 and 149 US $ I n my previouse Oil Trading Idea I mentioned the main factors why we have reahed the bottom. I opened the first trades on May the 23rd(See signals above) but gave my stops more rooms, below the 15 Months Support, and as they ´ve been confirme I added more aditional Positions on June 23rd, Last week I added...
Over the weekend, a new conflict broke out in the Middle East after Hamas, a designated terrorist organization, initiated an assault on Israel. This attack is already roiling the oil market, which saw oil prices rise more than 5% after the futures market opened. However, it is possible the impact has not been fully felt yet, considering the potential for further...
While it's unclear whether crude, which has experienced large moves recently on account of the developing conflict between Israel-Hamas, wants to trade higher or lower over the longer-term, we’re looking to take near-term longs after filling the downside futures gap formed 10/6. We’re only showing down to a 30-minute chart here, but there are some smaller...
I've been watching oil closely for the last two months. I would like to say that oil is a trending instrument, we started the decline from 95$ per barrel and fell quite rapidly until the conflict in the Middle East. all news resources said that oil rose in price on the background of this news. Technically, I was waiting for this upward correction. But if the war...
Crude oil buy in this sideways market. once breakout market will be volatile till 7332 target range. and then may fall from that 7332( after target will confirm)
As crude oil prices climb due to the geopolitical conflict, has resulted in the Canadian Dollar gaining strength. With the prices testing the 1.36 price level, the idea was a bounce above the 23.60% fib retracement level could see a continuation to the upside. However, with the DXY weakening, look for the USDCAD to break below the longer term fib retracement...
WTI oil (USOUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 84.664 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Stop Loss: 81.674 Why we like it: There is a pullback support level that aligns with the 78.6% Fibonacci...
Today's focus: Oil Pattern – Lower High Support – 86.00 Resistance – 86.87 - 89.12 Hi, and thanks for checking out today's update. Today, we are looking at oil on the daily chart. Since price started to week with a sharp gap higher, we are continuing to watch these new levels and whether they will become set on the medium or long term. Demand worries and peak...
The high on our Brent crude price has been $89.68 – hit at midday – but while our clients are long of crude (65% of open interest is held long), we’re seeing better sellers in the broader market, as we roll towards EU trade. The early rally felt reasonably orderly, but a lot of questions were being asked and without many immediate answers to obtain the certainty...
✅USOIL is going up from the Horizontal support level of 81.76$ Because it was oversold and I think that we will see a Further local move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! USOIL was falling in a Strong downtrend and oil Is clearly oversold so as the Price is making a rebound From the horizontal support Of 81.78$ I think we will see A further local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
On Tuesday, we touched on the subject of corporate forecasts in the oil market portrayed in the media. In fact, we remarked how the recent announcements of ultra-bullish forecasts were very reminiscent of the 2022 oil market top and that we were pretty skeptical about the rally's sustainability (though we warned about this on a different platform three weeks...
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 88.026 which is an overlap support. Stop loss is at 85.600 which is a level that sits under an overlap support level. Take profit is at 91.366 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. ...
Pair : US Oil - Crude Oil Description : Completed the Breakout of the Corrective Pattern " Exp FIAT " and Daily Ascending Trendline in Short Time Frame if it Retest then it will Reject from the Trend Line and if it Breaks then it can Reject from Previous Support Zone