Hello,Traders! CRUDE OIL is trading in an Uptrend along the rising support From where we are already seeing a Bullish reaction so I think that The price keep growing Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! USOIL is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
CL OIL, H4 7 March 2024 Oil prices have rebounded from their liquidity zone and maintained their previous high levels, forming a double top price pattern. The dovish stance from the Fed's testimony has provided support for higher oil prices. Additionally, the weekly U.S. oil reports falling short of expectations suggest an improvement in oil demand in the U.S.,...
WTI oil (XTIUSD) has ranged between 78.09 and 80.79 since 28th February. It is falling towards an overlap support level at 78.09 which has been identified as a pivot point. Could price bounce off this level once again and potentially climb higher towards the 1st resistance? Pivot: 78.09 Support: 76.26 Resistance: 80.79 Risk Warning: Trading Forex and CFDs...
Important WTI levels for today's day trading are these levels. Copy them to your chart and wait for the price reaction to these levels. Then you can enter with confirmation.
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 78.007 which is a pullback support. Stop loss is at 76.800 which is a level that lies underneath a pullback support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 80.834 which is a pullback resistance. ...
The main imbalance that I was targetting has already been filled. The inducement led to the price going down. I'm still bullish for now waiting for the runner to play out. Share your view in the comments! RBR = Rally Base Rally LQP = Liquidity Pool
Natural Gas / NG has been trading inside an 18 year Channel Down pattern. It has been below both the 1M MA50 and MA200 since January 2023, as it entered into the 2nd phase of the Bearish Wave. Last week it hit the Falling Support Zone as well as the horizontal Support Zone, which is in effect since December 2015. The 1M RSI touched its own Rising Support. We...
WTI extends its losses to near $77.70 as demand concerns rise after US factory dataWest Texas Intermediate oil price extends its losses for the third successive session, trading lower near $77.70 per barrel on Wednesday. Concerns about demand weigh on Crude oil prices following recent data indicating slowing economic activity in the United States, the world's...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
Yesterday, representatives said: OPEC+ agreed to extend the reduction of positions until the end of the second quarter Last Friday, oil also hit a new high this year, reaching a maximum of 80.8. OPEC's reduction in positions will also be beneficial to the rise of oil in the short term. Therefore, oil is still waiting to fall to the support point to buy. Only...
Crude oil has recently encountered resistance and experienced a pullback from this level. However, it is currently trading within an ascending channel, suggesting that the bears are losing momentum, while the bulls are gaining control of the market dynamics. Key Observations: 1. Resistance Encounter: Crude oil faced resistance at a significant level, prompting a...
In my opinion the zone is highly liquid and pretty safe to trade because a lot of orders, stops and lots of liquidity will be already collected. Share your view in the comments! RBR = Rally Base Rally LQP = Liquidity Pool
Crude oil appears to be heading towards the PWH. I would like to see the H4 chart pullback and respect discount bullish arrays to then hunt a m15 bullish displacement to get long.
Hello everyone! Here's my take on WTI: OTE (Optimal Trade Entry) Liquidity uptake. An interesting zone. An optimal Fibonacci. No counter-trend. 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
📊 Analysis on WTI: 👉 We're at an OTE (Optimal Trade Entry) 👉 Correction is underway 👉 A SOLID Order Block 👉 We're following the trend 👉 Targeting Liquidity $ 🚀 If you liked it, don't forget to boost
Hey there! I'm Buying on WTI: (Second trade) -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We have an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We are with the trend. 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment