I advice my follower to not expect a significant movement in the crude oil futures market today, 8/29/2023. Crude oil prices are projected to fluctuate between $79.97 and $80.15.
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 81.826 Why we like it: There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 83.778 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci...
USOIL (WTI) is rising towards the sell entry at 80.424 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here to drop lower. Stop loss is at 82.803 which is a level that sits above the recent swing-high. Take profit is between 78.400 and 77.604 which is a multiple swing-low support that...
Crude oil Downtrend and range trading now, breakouts target given below Sell @6526 Crude oil Target 1 (6502), Target 2 (6435), Target 3 (6357)
Crude oil is looking double sided, potential drop or bounce of support. Next week will be interested how it will pan out. Will support hold up? Will oil dump? The one day uptrend has been broken since the last high has been broken through and so far a little down trend has formed and it looks like Friday could have been a pull back to continue the 5th wave of...
I like this Crude Oil Scalp Trade Idea around these key fib levels on the 15-minute chart to BUY the dip. Share your thoughts below. Thanks.
✅CRUDE OIL formed a H&S Pattern and now we are seeing A bearish breakout of the Neckline at 79.2$ so we are Bearish biased now and We will be expecting a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Crude oil selling Target 1 6572, Target 2 6504, Target 3 6342. Side ways breaking and downtrend formation confirmation
Hello,Traders! CRUDE OIL looks like its Forming a head and shoulders Pattern to be honest so I am Kinda bearish mid-term But, after the retest of the Support I believe we will See a local rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
WTI Oil (USOIL) got emphatically rejected yesterday on the 4H MA50 (blue trend-line) and formed another Lower High on the emerging Channel Down. The price is now approaching the 4H MA200 (orange trend-line) on an additional sell signal as the 4H MACD just completed a Bearish Cross, the first since the one that started this correction at the top on August 10. As a...
Oil long, but correction range There is nothing to say more, sroll the chart to lefz, and compare my new inicators sinals with traditional inicators 2D long 1D bearish Weekly bullish
Buy crude oil at cmp, target 6802. head and shoulder formation for strong buy retesting will happen at 6802
Hello,Traders! CRUDE OIL went down after The breakout of the rising Support just as I predicted But now the price is about To retest the horizontal Support of 78.45$ from Where a local bullish Correction is likely to happen Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
👴📣Update UKOIL I'm doing some tests with a new indicator. In the case of this asset, we may be at a local top at 108.30 and a bottom close to 29.00 , let's follow, I'm testing the new indicator that I developed within the global markets index and I've been getting many positive results. Follow me and share with a friend to encourage me to make the bookmark...
WTI Oil (USOIL) broke yesterday below the 1.5 month Channel Up and is now the farthest it's been from the 4H MA50 (blue trend-line) since the June 28 bottom. As long as it fails to close a candle above the 4H MA50, the short-term trend remains bearish, targeting the 4H MA200 (orange trend-line) at 78.50. If however it closes above the 4H MA50, we will buy and...
Hello,Traders! USOIL was trading along The rising support line But now we are seeing a A powerful breakout so We are now bearish biased And I think that we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅CRUDE OIL is trading in an uptrend Along the rising support line Which makes me bullish biased And the price is about to retest the rising support Thus, a rebound and a move up is expected With the target of retesting the level above at 84.00$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
For Friday, the 81.49 - 81.64 area can contain selling through the balance of the year, above which 86.15 remains a 2 - 3 week target, 102.96 attainable by the end of the year. In the more immediate vicinity, 84.14 can contain session strength, while closing above 84.15 indicates 86.15 within several days, able to contain weekly buying pressures - once tested...