In this update we review the recent price action in the Crude Oil futures contract and identify the next high probability trading opportunities and price objectives to target
Hello,Traders! USOIL is again retesting The horizontal resistance But I am somewhat bullish Biased so IF we see a breaout Then the price will go up (IF there is no breakout Then the setup is invalid) Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
It is time to update our WTI Oil (USOIL) thesis, which was bullish last week as the Resistance within the Channel Up broke: This time we see one last rise as a possibility since the price is rebounding on the 4H MA50 (blue trend-line) but limited to the 83.40 Resistance. An exception can be made to an overextension to the 85.00 - 86.00 range on the red zone,...
The price of WTI Crude Oil is at a resistance Zone and top of the rising channel. Above 81.50 = long (TP 82.70). Below = short (TP 1hour MA50). Below 1hour MA100 = short (TP 77.15). Follow us, like the idea and leave a comment below!!
✅USOIL is set to retest a Strong resistance level above After trading in a local uptrend for some time Which makes a bearish pullback a likely scenario With the target being a local support below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅USOIL has retested a key resistance level And as the price is already making a bearish pullback A move down to retest the demand level below is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
In this update we review the recent price action in the Crude Oil futures contract and identify the next high probability trading opportunity and price objectives to target
Key levels & price action. Directional bias & thoughts. Your trading plan. ❤️Please, support this video with like and comment!❤️
we are in a big extended triangle , after making wave d of this triangle , now it’s want to ready for making wave E , targets are at least $140 and above $200 for all 2023
USDWTI D1 - Finally starting to see a bit of support here on crude oil… 76.50 is still out preferable sell zone, healthy correction from latest swing high to swing low, which ties is nicely with out preciously broken support zone. Simply looking for the retest of that broken zone to position ourselves short, in aim of fresh lows.
See Picture For More detail. 2 Options) 1) Wait for price to enter HTF 1hr supply and wait for new 5min/1min confirmation sell shorts. 2) 1Timeframe Long setup. Big con here is price is not inside HTF 4hr or daily demand. Yes, Price is inside weekly but I can see price go lower into demand. This area can also be used as the HTF and wait for new lower timeframe...
✅USOIL is going down currently As OIL broke the key structure level Which is now a resistance, and after the pullback And retest, I think the price will go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
WTI Oil (USOIL) is repeating the September correction pattern, which made a September 26 Low and then rebounded aggressively. A common feature is the symmetrical Lower Lows on the 1D RSI sequences. If that rebounds here next week, we expect Oil to reach, first the top of the June Channel Down (blue circle) and if broken, then move at least to test the 1D MA50...
✅USOIL is going down currently As Oil broke the key structure level Which is now a resistance, and after the pullback And retest, I think the price will go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The price has turned flat as despite today's higher opening, there was a corrective 4H wave. However, as long as the 4H MA50 (78.92) holds and supports, our target remains the 4H MA200 (now at 84.46). Short-term traders may find use in scalping the 1H Bollinger Bands within 81.89 - 79.86, since both 1D and 4H (RSI = 54.999, MACD = 0.570, ADX = 31.841) remain...
The WTI Oil (USOIL) materialized the rebound that we called on Monday exactly on the 73.60 bottom: The pull-back since yesterday's High is close to the 4H MA50 (red trend-line) and is similar to the one during September 29/30, which is within the rebound sequence we've been modelling the new rebound from. The Channel Up (green) doesn't need to be as...
True analysis. Tast's an update. Based on my analysis for OIL on Aug 2. To know about analysis, follow me and contact me if you have any comments or questions. (I will answer whenever I have time).
My best chart so far is USOIL. Spectacularly accurate 🎯. The count remains in place for over two weeks, I think. Closed most of my cheeky longs and waiting for the count to take shape before deciding on the next move. I expect the market to go sideways in the next couple of weeks.