For Thursday, the 81.49 - 81.66 area can contain selling through the balance of the year, above which 86.28 remains a 2 - 3 week target, 102.96 attainable by the end of the year. In the more immediate vicinity, 84.18 can contain session activity, above which 86.28 is attainable intraday and able to contain weekly buying pressures, once tested the market...
WTI Crude Oil / USOIL is trading inside a Channel Up with the price reaching its top. The Higher Highs trend line is technically the lowest risk sell entry, as long as it holds. Every pull back inside this formation has been at least -4%. Sell, aiming for a similar decline, targeting 81.20. Follow us, like the idea and leave a comment below!!
✅USOIL broke the strong Horizontal resistance level Of 83.00$ and went up so We are now bullish biased And I think that we will See a bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
For Tuesday, the 81.49 - 81.71 area can contain selling through the balance of the year, above which 86.54 remains a 2 - 3 week target, 102.96 attainable by the end of the year. Upside Tuesday, 84.17 can contain session strength, while closing above 84.17 indicates 86.54 within several days, able to contain weekly buying pressures and the point to settle...
WTI Oil (USOIL) almost hit today 83.50 (Resistance 1), which was the April 12 High that caused a rejection on the 1D MA200 (orange trend-line). The 1D MA200 is now long broken, so any 1D candle close above Resistance 1 will be a bullish break-out targeting Resistance 2. In that case we will buy and target 93.00. Until it breaks though, especially after an initial...
The ‘crack spread’ is a term used in the oil industry that refers to the differential between the price of crude oil and the petroleum products extracted from it, such as gasoline and heating oil. The name comes from the process of 'cracking' crude oil in a refinery to produce these valuable products. The spread serves as a measure of refining margin, or...
My trading idea for - #CrudeOil - BUY Entry: 82.60 USD Target: 90.00 USD (+8.5% profit) #CrudeOil has risen to $85 per barrel due to #Opec production cuts. Crude oil inventories are expected to decline in the second half of 2023 (source: www.energyintel.com). Means also higher demand and higher prices. In July alone, the price of oil rose by 13% - more than...
Hello Traders In This Chart XTIUSD HOURLY Forex Forecast By Forex Planet today XNGUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
US oil here giving us a clear bullish range to the upside after sweeping out the Asia load and London low from Friday we're taking this as a signal price once you travel higher so we're going to look to buy from the low of the range. Now overall this range has everything we've looked for within a setup but of course we will use the same systems we always use and...
For Monday, the 81.49 - 81.73 area can contain selling through the balance of the year, above which 86.67 remains a 2 - 3 week target, 102.96 attainable by the end of the year. Upside Monday, 84.17 can contain session strength, while closing above 84.17 indicates 86.67 within several days, able to contain weekly buying pressures and the point to settle above for...
USOIL has rallied from 70 to 76 after RSI divergence on the daily chart. The key challenge if upward trend has to solidify is breaking and retest of the 200EMA, which is currently at 77. Failing which, a possible return to the lows. 1. In the weekly chart, pull back to the 200EMA in Jan, has been stuck in a range between 67 and 83 since then. 2. Breakout of...
Crude oil is pushing higher this week after breaking above trendline resistance last week, and after holding above the 200-week price average this summer. Price is now trending above all MA's on a weekly basis other than the 100ma which rests near $85 and is the short-term resistance level to watch on this push higher. The PPO indicator shows the green PPO line...
For Friday, the 80.50 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.77 is likely by the end of next week, 62.14 attainable over the next 3-5 months. On the other hand, a weekly settlement today at or above 82.42 (1% above 81.61 – page 2) would set off a meaningful buy signal into later year, 87.27 then expected within...
For Thursday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.57 is likely within 1 - 2 weeks, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.44 within the week, while a weekly settlement tomorrow at or above 82.42 (1% above 81.61) would set off a buy...
🔸Today let's review the 8 hour chart for brent oil . Noteworthy bounce in progress after accumulation near lows, however currently getting overbought. 🔸OPEC production cuts finally kicked it, therefore we got a decent pump in the oil market. Strong resistances overhead near 87.20 and 89.20, expecting bull trap setup after we break above the stop loss...
WTI OIL will be retesting a resistance level of 83.29. From where I am expecting a bearish reaction with the price going down but we need to wait for a reversal pattern to form before entering the trade, so that we get a higher success probability of the trade.
For Wednesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.48 is likely within 1 - 2 weeks, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.44 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy...
For Tuesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 73.40 is likely by the end of August, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.48 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy...