As I mentioned in the Weekly Outlook video, I expected the fair value gap + the bullish breaker block to hold price, and provide support for a potential rally. It chopped since Tuesday, but we've seen the bulls come in and slowly start to move price higher. I expect that price will continue that move today. I am looking for price to pullback a bit, after taking...
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...
Price retest of 73.865 area, New York Session open await pullbacks to POi. 1hr time frame price rejection, 1 min entry after Price ChoC, and Break of structural low. TakeProfit : 72.515 (1.272 Fib Extension)
Here are the important key levels & structures to watch next week on WTI OIL. Support 1: 69.3 - 70.4 area Support 2: 67.7 - 68.7 area Resistance 1: 75.2 - 76.2 area Resistance 2: 78.5 - 79.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
✅CRUDE OIL is trading along the rising support And as the price will soon retest it I am expecting the price to go up To retest the supply levels above at 72.6$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Please, check the important key levels on ⚠️WTI Crude Oil. Support 1: 69.3 - 70.4 area Support 2: 67.7 - 68.7 area Resistance 1: 75.2 - 76.2 area Resistance 2: 78.5 - 79.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
On the 1H chart the Crude oil is forming a potential Inverse Head and Shoulders. What is more important about it is that it's happening after a retest of a bigger symmetrical triangle. I am leaving the link toward the 4H oil analysis so that you can see the bigger picture:
ased 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 Bullish Or Bearish today? I think she will go down.........but you tell me your opinion? Due to the levels I thought they could break through and/or jump up lol....... I could be SUPER wrong but.......
4 month bearish channel finally broke on red sea tensions. Oil is ready to gain after near 4 month bearish move. Trade safe. Good luck.
Here you are, please read the summary about Oil price below~ 📈 Oil prices surged in early trade on Thursday, extending the previous day’s sharp gains on concerns about Middle Eastern supply following disruptions at a field in Libya and heightened tension around the Israel-Gaza war. 🛢️ Brent crude rose 33 cents, or 0.42%, to $78.58 a barrel by 0101 GMT, while...
CRUDEOIL double bottom breakout possible above 6175 looking tgt 6250-6300++ very short term keeping on radar Crudeoil 6100 CE
The Crude oil is forming a potential double bottom on a 1H chart Zoom out the chart to see the Bigger picture. The price has been moving in a general down trend channel. Recently the price broke out of it to the up side and now it's retesting the former down trend resistance. On it, it's forming a potential double bottom. Additional confluences: - Oversold RSI...
WTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported....
WTI Crude Oil is neutral on the 1D time-frame (RSI = 48.178, MACD = -0.770, ADX = 19.024) as the price continues its fierce consolidation within the 1D MA50 (Resistance) and 1W MA200 (Support). In fact the 1D MA40 has been unbroken since October 23rd 2023 and when it breaks we expect a strong rise like the July 5th 2023 breakout. A strong consolidation similar to...
CRUDEOIL FORMING CUP & HANDLE PATTERN ABOVE 6050 LOOKING TGT 6110-6150-6200++ keeping on radar Crudeoil 6000 CE
Crude is under pressure of fear of recession and can goes down again. Upper line of broad channel is so strong and can push price to 68.00 zone. Trade safe. Good luck.
#USOIL ... market just reached at his resistance area 72.70 Keep close this area guys, If market hold it then drop expected from here and above 72.70 selling will be invalidate. Don't be lazy here and manage accordingly.. Trae wisely Good luck