Ascending Triangle has formed on Brent Crude. We saw the price continue to knock up the resistance until it broke above. Price>20 and Price>200 So the target is likely to hit $96.00 When the US Dollar depreciates, it often leads to a rally in Brent Crude prices for several interconnected reasons. 1. Commodity Pricing Global Benchmark: Brent Crude is a...
Crude oil market analysis Yesterday's crude oil daily line is closed large Yin, but the current large Yin still does not change the bullish trend of the daily line, back stepping can continue to dry more. The shape of the daily line near 80.00 is basically difficult to change the trend, today's ideas can be short and long, the general trend is more, more single...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 78.60 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 78.60 support and resistance area. Trade safe, Joe.
WTI oil (XTI/USD) is rising towards a potential breakout level at 82.53 which has been identified as a pivot point. Could price potentially break through this level and rise higher towards the 1st resistance? Pivot: 82.53 Support: 81.33 Resistance: 84.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
WTI oil (USOIL) is falling towards an ascending trendline and could potentially break under this level to drop lower. Sell entry is at 82.329 which is a potential breakout level ( wait for the 1-hour candle to close under 82.329 for confirmation ). Stop loss is at 84.520 which is a level that sits above the recent pullback resistance. Take profit is between...
Oil position still active in the Gold Fund for our bigger investors. Oil moving smooth in our predicted bias! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Oil position still active in the Gold Fund for our bigger investors. Oil moving very smooth in our predicted direction! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
From a long-term perspective, Oil, in this case, we use the Brent Last Day Financial by NYMEX CME, overall is trending downward! It would be tempting to initiate a “sell on rise strategy” especially when a long term trend line (in blue) is challenged. The trend line majors the historical highs of Brent (BZ) as well as Crude (CL) since the second all-time-high...
Hi Oil Traders, This is our master plan to Rob Crude oil Barrels. Guys U can enter to Rob this oil at entry level i have mentioned or place your sell stop below my entry level this is our master plan. Our target is Trap area.
USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They...
Crude Oil NYMEX:CL1! ! Let's delve into a crucial chart, our beloved Crude Oil (CL1!) Futures Contract. Starting the count post the pandemic dip, we've completed a 5-wave cycle reaching $130. After a subsequent drop, the Wave C formed in March 2023. Following that, in my analysis, we've crafted an upward Wave X around $95. Currently, we seem to be descending...
Crude oil market analysis Today's crude oil continues to be bullish, the 81.30 platform organized by the bulls yesterday has formed a new support, close to this position to consider continuing to be more, the suppressed position can not be seen, the size of the trend of crude oil is all bullish, the previous 80.40 has formed a new strong support, the shape does...
Prices have pulled back after hitting a four-month high of $83 yesterday on Monday. Russia has increased exports in response to Ukrainian attacks on the country's oil infrastructure. Saudi Aramco CEO Amin Nasser has rejected the idea of phasing out fossil fuels, calling it a fantasy. Looking at the daily chart of crude oil, oil prices have fluctuated for about...
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame Completed " 12345 " Impulsive Waves and " A " Corrective Waves Fibonacci Level - 61.80% S / R Level
price is testing again 81 big horizontal resistance if price breaks this level then it can make inflation fight longer
🛢 CL OIL, H4 🛢 20 March 2024 Crude oil prices extended gains, reaching multi-month highs for the second consecutive session, driven by rising geopolitical tensions, notably recent attacks by Ukraine on Russian refineries. Concerns over supply disruptions intensified as the attacks targeted a significant portion of Russian refining capacity, leading to the...
Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 82.51. Taking into consideration the structure & trend analysis, I believe that the market will reach 85.04 level soon. P.S Please, note that an...
The release of U.S. EIA crude oil inventory data and the Federal Reserve's interest rate decision may bring external interference to the trend, so U.S. oil needs to be careful in the short term. The bullish tone at the daily level has been locked in. A firm hold at 80 will lay the foundation for medium and long-term bullishness. As long as there are no major...