WTI will complete a Death Cross pattern on the 1d time frame. This will be its second since September 02 2022. That pattern initiated a strong decline which was a bearish leg inside a Channel Down pattern. Oil is again trading inside a Channel Down since Sep 28 2023 and the Death Cross can be the sell call for the final leg to the 63.70 Support. We expect at...
In recent days, we have been bullish on crude oil, whether it is the shape or the indicator has formed a big counterattack signal at the daily level of bulls, 74.40 resistance position has not been able to suppress the bulls of crude oil, yesterday we bought at 72.70 and took profits at 74.10! A perfect profit. So how does the oil trade at the current price?
Here is my latest structure analysis for WTI Crude Oil. Resistance 1: 74.1 - 75.0 area Resistance 2: 78.5 - 79.8 area Support 1: 71.7 - 72.9 area Support 2: 67.7 - 68.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " ABC " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Its Currently Rejecting from the Upper Trend Line to Complete the Retracement for Break of Structure Entry Precaution : Wait for Breakout and Retracement
Since the breakout of the Israel-Hamas War on 7th October 2023, there has been an increasing number of attacks on military and transport ships sailing through the Red Sea, with Houthi rebels from Yemen standing behind many of these incidents. About a week ago, the group went as far as to announce the blockade on ships traveling to and from Israel through the Red...
CRUDE OIL - LH? There is a downtrend with lower highs, im not bullish on this , and im looking to short it again, but i need more confirmations to do that. Im still bearish!
In this zone there is a POC from May 3 to June 30. VAH same range at 69$. It's attractive to me to entry, but only if scam wick comes, which will destroy the support of $73 now
As you can see we have a good probability to buy USOIL at these levels , we have a good up trendline and made a pullback on strong key level so manage your risk and enter
Daily/4h time frames analysis for Oil. Price action, important key levels. Potential scenarios & thoughts. ❤️Please, support my work with like, thank you!❤️
Crude oil fell last week, the weekly cross small Yang K line to stop falling and start to stabilize, after a continuous decline, a slight short-term rebound. A strong rally held the 67.70 low and established support in the previous low area. A small wave of sun line initially recovered the last big Yin K line and recovered the apex of the big Yin line. The...
Hello,Traders! CRUDE OIL went up from The horizontal support of 68.09$ But is now retesting the Horizontal resistance of 72.70$ From where I think we will see A local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They...
Crude Oil formed a double top pattern on a solid horizontal resistance. Its neckline was violated with a strong bearish imbalance. We can anticipate a bearish movement to 70.6 ❤️Please, support my work with like, thank you!❤️
Hello Traders, Base on technical and wave analysis we see this scenario for #BitCoin for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Crude oil Gapped upon market opening due to Russia making a statement on Sunday stating they will potentially do a 50,000 Barrell cut a day for the month of December; amid Moscow suspended about 2/3 of its main export grade of crude from parts due to a storm and scheduled maintenance on Fridays. Oil gapped to 72.47 touching our first TP on the pivot...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Crude Oil is currently testing a solid horizontal supply area on a daily. Analyzing a 4H time frame, we can spot that the market is currently weak & consolidating. I see an example of a classic inside bar formation. 71.4 is the lower boundary of the range of the mother bar. Its breakout - a 4h candle close below will be a strong bearish confirmation. A...