✅USOIL broke the falling Resistance line made a Pullback and retest and Is now going up again so I think that we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
WTI Crude Oil closed yesterday over the 1day MA50 for the first time since April 28th. The 1day MA50 was a Resistance with 3 clear rejections since. This is a technical bullish breakout, targeting the 1day MA100 at 73.50. If rejected there, sell and target the Support Zone at 67.50. If it closes a candle over the 1day MA100 too, buy again and target the 1day...
For Thursday, 69.55 can contain session weakness, above which 72.80 remains a 2 - 3 day target able to contain buying into later week, and the point to settle above for yielding the more meaningful 77.20 within 1 - 2 more weeks. Downside Thursday, closing below 69.55 signals another test of 67.08 within several days, able to contain weekly selling pressures...
Hello,Traders! CURUDE OIL was trading Below the falling resistance But now its broken and I think that we will see A further move up now Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Looking at what the price did in (A)(B) section I think there will be another minor decline before the take off.
Despite a quiet start to the week for the US holidays, there is still plenty going on. The Reserve Bank of Australia unexpectedly kept interest rates at 4.1%, sending the Aussie dollar lower before flying back like a boomerang to where it was trading, at 0.6680 against the USD. On Wednesday (21:00), we get to see the minutes of the FOMC's last meeting, where they...
✅WTI OIL broke the key Horizontal level of 69.7 So out local bias is bullish And I think that the price Will go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
If you wanna take a trade on Crude Oil, maybe, before that, you need to conisder this KeyLevels of support and resistance areas. Careful with longs until on daily is still bearish / downtrend
The price have completed the previous correction with ending diagonal marked as wave of ii and now is tracing impulse waves on 15 min timeframe.
xop, might have more room to the downside. It is not yet showing a 5-wave up. We might see a retest of wave 4 untill we can call the correction completed.
In crude oil trading today, we made good profits in the trading strategy of shorting crude oil in the 70.6-70.8 area twice. Judging from the current structural trend, crude oil will maintain range shocks in the short term, and fundamentally still maintain a short position. Although the inventory data has declined for two consecutive weeks, the pressure on the...
WTI Crude Oil hit today the 4H MA200 after more than a week flipping the 1D chart neutral and the 4H bullish (RSI = 61.440, MACD = 0.100, ADX = 44.090). This is however approaching the RSI's R1 Zone, holding since April, while the LH trendline looms right ahead. Also this is where the 0.5 Fibonacci level is. Technically this is the most optimal sell entry for the...
Hi, On next days we expect USOIL will be going down. Us target is around 60-62 USD for next week. TP1: 64 USD TP2: 62 USD .
For Thursday, the 67.08 level can contain weekly selling pressures, above which 72.77 is attainable by the end of next week, possibly yielding 77.17 by the end of July. Upside Thursday, 69.95 can contain session strength, while closing above 69.95 signals 72.77 within 2-3 days, where the market can top out into later next week and the point to settle above for...
Hello,Traders! CRUDE OIL is generally giving Off a bearish vibe, however, The price is about to retest A strong support level at 66.9 From where a local rebound Is somewhat likely Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Buy Crude oil now @cmp and it can go up to the retesting area marked
This is an update from the last time we took a trade on oil. Our approach was wrong, impatient and too easy, this time we have gone in with refinement and it has paid off. - Pressure from the demand was very high - retest of sensitive area - break down of strength - impulsive candle This is to show that every time you refine your strategy you add to the skill so...
For Tuesday, the 67.08 level can contain weekly selling pressures, above which 72.92 is attainable within the week, possibly yielding 77.00 within 2-3 weeks. Upside Tuesday, 70.67 can contain session strength, while closing above 70.67 signals 72.92 within 2-3 days, where the market can top out through the balance of the week and the point to settle above for...