Week timeframe chart of Crude OIl where it is consolidating in the zone from last 3 month once it breaks then expect a good move
This is my prediction after 6.pm to 11pm. Just sharing this for study purpose.
The price of Crude oil (symbol ‘USOIL’) traded in a relatively steady decline in the last 3 months while positive Dollar news from last week like the exponentially better than expected NFP figure of 517 thousand against a consensus of 185 thousand, better job openings and also decreased unemployment created losses for oil. Oil is on the move to regain some losses...
✅USOIL surged again to retest the resistance But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
As forecasted in our Jan 29 post (chart below), crude oil found strong support to reverse price to the upside and price is now back at another resistance level at 80 circa. A break above the resistance level will expose crude oil price to test the swing high at 90. N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the...
Hello,Traders! USOIL keeps growing From the recent lows But a strong resistance Level is ahead so after the Retest we will most likely See a bearish pullback Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
The price perfectly fulfills my last idea. The market fell from resistance zone and taken support at the given level. The price respected the support level and persisted itself at the support level. The market is pulling back after testing the resistance and impulse move. I expect growth from the support level .
Hey Traders Crude oil looking like it still trying to bottom to me but I don't think we are there yet. Supply and Demand fundamentals aside there is a strong seasonal trend that takes place every year in the energy markets. So here is quick video about how to wait until the market confirms that a true high probability bottom could be happening! Enjoy! Trade...
Hello traders, as you can see from the chart above, we believe that oil is about to finish cycle ((2)) correction with the last C wave of a triple three (labeled in the chart). After a 5-leg to the downside (wave A of (Z)), price corrected with a three wave abc into previous structure, that acted as resistance. Price created a triple top at 82.61, and as per...
CRUDE OIL intraday trading alert 3 simple steps to find a quality setup ! Risk Reward Ratio 1: 1.618 or 1: 2 Anyone same idea with me? SELL Crude Oil Good luck traders..
Here is my latest structure analysis for WTI Crude Oil. Support 1: 72.3 - 73.2 area Support 2: 70.0 - 71.4 area Resistance 1: 81.7 - 85.2 wide supply area Consider these structure for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
Relentlessly rising U.S. commercial inventories for Crude oil and potentially entrenched inflation limit any immediate upside potential. SL: 79.7 TP: 76.30
CRUDE OIL intraday trading alert 3 simple steps to find a quality setup ! Risk Reward Ratio 1: 1.618 or 1: 2 Anyone same idea with me? SELL Crude Oil Good luck traders..
After price broke structure, it made a minor retracement that failed to fill the initial imbalance and preceded to break further structure. Now price has made a proper deeper retracement to fill the initial imbalance before it continues to expand to the downside. Price has formed liquidity below a POI that was formed in the process that it could use to fuel its...
As WTI Oil hit technical neutrality on the 1D time-frame (RSI = 51.471, MACD = -0.510, ADX = 37.488), it reached Pivot1 (P1) and the 4H MA200 to pause and consolidate. As with the previous two rallies, we expect this to have some more fuel left and we are aiming at the 1D MA100 (TP = 80.50) that rejected the last uptrend 3 times. After that, our sell trigger is a...
Simple 1+1 equals 2. There's a couple factors here. 1) Long-term support since March 2023 kept with multiple re-tests. 2) Long-term 8 month wedge consolidation with recent Jan 2023 breakout up together with RETEST of that breakout at 74.80-75.20 as of today. If the week closes above this support, VERY high chance for continuation of breakout up and 80's-90's...
$CL1! is rocking today right now its sitting at the 61.80% fib level on the 4hr chart im looking for a push up to retest my zone karound $80.00
The Relative equal highs look really clean. I would anticipate a retracement into the order block -> Liquidity grab!