Type : Bearish Continuation Resistance : 8868 Pivot: 8567 Support : 8281 Preferred Case: With price moving below our ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 8281 in line with the 61.8% Fibonacci projection, 38.2% fibnonacci retracement, 61.8% Fibonacci retracement and horizontal swing low support from our pivot of 8567...
CRUDE OIL – Futures: Bullish Pin Bar Signal Price Action: Price formed a Bullish Pin Bar Signal overnight. Price moved higher from the recent Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal). Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the $95.43...
Hello,Friends! Based on the technical analysis And the recent minor fundamental news USOIL looks bearish to me overall. I think that market-makers will be pushing the pair down That is why we are going short! Like and subscribe and comment my ideas if you enjoy them!
Type : Bearish Continuation Resistance : 8675 Pivot: 8491 Support : 8281 Preferred Case: With price moving below our ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 8281 in line with the 61.8% Fibonacci projection and horizontal swing low support from our pivot of 8491 in line with the horizontal overlap resistance. Alternative...
USOIL - Swing Trade - H4 sell @103.23, stop 107.78 , target 94.13 , r:r 1:2 , risk 1%
Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list. 1️⃣ Gold (XAUUSD) - Daily time frame 🥇 The market is steadily recovering after a strong bearish movement. Ahead is a strong horizontal resistance. I will look for a pullback trade from that. Let the price reach the underlined structure, then wait for a confirmation to...
Oil is moving higher in a $10-20 channel for the past 3 months. The respect of the downside trendline support in the past few weeks has led to a reliable rally if we hold lows. The similar situation on the topside with multiple rallies above 110 failing in recent weeks. The current strategy is to follow Oil from downside to topside support and resistance and...
This graph is a representation of my point of you of the futures market (USD).
Currently, Crude Oil is trading near its strong resistance 114.5-116.5 USD/BL. Technically, there are chances that it may cool off to its major support around 100 USD/BL. On a flip note, if the price breaches the resistance, then the crude oil may re-test 140. Hit the like and follow button to help me build an audience.
oil looking to do a dump calling it before its cool target 80
Good morning/good afternoon TradingView community. Today's video idea is focused on oil as we saw a solid reversal yesterday sellers did their best to get a new leg lower going. Buyers not only stopped the run but put in a solid reversal bar that finished above the 50% point of the previous lower bar. This action has us thinking, could this be the start of a...
Previously bullish on Crude Oil, especially after it met expectations to break out of the triangle. However, it did meet resistance and failed with a gap down, pushing back to retest the triangle. At this point, pre-(US)market hours, Crude broke back into the triangle, which would be bearish in nature, expecting an exit on the other side to ensue in due...
Just some simple T/A here on this, no real fundy's or info to share there but it's O&G which isn't going away just yet. Some key notes : I like this for the cup & handle 1st stage breakout characteristic but these OTC's tend to do pretty deep retracements. We TP'd a small 30% profit as the right side of the cup shaped up nice and peaked. Cup & Handles...
buy cl target 122.69 stop loss 100.39, the possibility of going up is good
USOIL ENTRY OPPORTUNITY 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 for educational purposes only. Any action you...
Here is our technical view on OIL. Our analysis is based on fundamental & technical metrics. According to our drawing OIL is coiling on resistance cluster. Based on our analysis the price will dump. Like, comment and subscribe to our TradingView Page. ❤️ Please, support our work with like & comment! ❤️
XOP looks like it's rolling over, or at the very least consolidating and heading back to sub 130 after rejection from trendline resistance and 30MA . Whale trade short, bearish divergences on indicators. Price target sub $130
upside focus remains, expecting more upside to 109.58 to complete wave (3).