Oil analysis Time frame 1 hour, 4 hours and 12 hours The price of oil can move up to $84, but there are 1-hour and 4-hour resistance on its way. The ranges of $79.6 and $78 can support the price for upside targets.
Natural Gas stock Bulls PEPPERSTONE:NATGAS Support & Resistance Guide AMEX:UNG Stock Forecast AMEX:USO Oil Stock Forecast TVC:DXY US dollar Stock Forecast Gold OANDA:XAUUSD Stock Forecast Silver OANDA:XAGUSD
The recent price action on the USOIL pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 77.14 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Nat gas closed the week negative. We have now had 2 consecutive weeks of sell side pressure. Next week we will get the golden cross on the daily chart. Typically this is a medium to long term signal. Using the prior day high and low signal is an extremely useful tool for traders to identify support and resistance.
Dear Traders, Hope you are well, we have an excellent buying opportunity coming up on Oil, price rejected at key level and since then it is bullish on daily timeframe, however, we have seen some bearish correction happening. We have identified a key level where 'imbalance' zone is there. In our analysis we think price will react from this level and move toward...
Brent Crude Surges in June as Inventory Draw Tightens Market, But Chart Pattern Raises Concerns Brent crude oil prices experienced a significant rally in June 2024, rising 5% over the month. This increase adds to a positive trend for the year so far, with Brent crude accumulating a total gain of 12.85% year-to-date. However, a closer look at the price chart...
cup n handle pattern formation done. from very long time is has been in correction..now breaks..
Please, check our technical outlook for USOIL. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 81.39. The above observations make me that the market will inevitably achieve 83.28 level. P.S Overbought describes a period of time where there has been a...
According to the 30-minute gold chart, gold will continue to rise, which is a good trading opportunity for traders who buy. The increase is about 7-12 US dollars. TVC:DXY INDEX:BTCUSD BLACKBULL:US30 COMEX:GC1! MCX:GOLD1! COMEX_MINI:MGC1! NYMEX:MCL1! MCX:CRUDEOIL1! NYMEX:WTI1! OANDA:XAUUSD NYMEX:CL1!
Markets saw some selling...QQQ finally lagged! NVVDA almost 8% reversal range. Bearish engulfing SOXX absolutely bludgeoned. Oil ripping / NYSE:XOM monster profits. AAPL PUT / PROFITS SECURED.
The oil market has the wind to its back as we head into the Northern Hemisphere Summer, with WTI crude having rallied 13% since the 4 June lows. The rally from $72 has seen price retrace a decent portion of the falls seen between April and June - which resulted in the market running one of the most bearish positions we’ve seen in years. Clearly, the demand side of...
Hello,Traders! CRUDE OIL is going up Now and the price broke The key horizontal level Of 80.32 and breakout Is confirmed so we will Be expecting a bullish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello Traders ! On the daily time frame, The USOIL broke the resistance level (80.58 - 79.51). The resistance line is also broken ! So, I expect a bullish move🚀 ____________ TARGET: 83.20🎯
Crude oil technical analysis Daily resistance 83.4, support below 77.5 Four-hour resistance 81, support below 80-77.5 Crude oil operation suggestions: Crude oil slightly rose to 81 yesterday, and then fell back and fluctuated sideways under pressure. The overall price support stabilized above the 80 mark, showing a strong bullish oscillation rhythm. The...
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 77.06 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
As we are in Bullish territory on the HTF the Daily FVG bellow is where I am anticipating price to retrace too leading upto 0930est... Does it have to retrace there? No. However I am Looking at Bullish bias towards the Daily V.i Marked in the chart for a Target and Forecast going forward... Pretty simple.
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...