Hi there, WTI (OIL) reaches to a powerful resistance. We could see several resistances in 82.5-83.5 level, that we mentioned in the pictures. So we sell it now in 83.2 and 83.5 with 80.7 and 78.2 as TP and 84.5 as SL. Be success.
After oil breaks through 80, my target is 85. Now the upward momentum is still strong, so you can wait for the support point to buy. The lowest support point on Tuesday was 84, yesterday the support point was around 84.2, and the important support point was around 83.5. But this month I think oil may start to adjust around 87. It is expected to be in the...
🛢🔴Oil traders are making big bets amid geopolitical uncertainties! 3 million barrels worth of options contracts were snapped up by speculators, with 3,000 lots of June $250 call options in US crude oil trading for just 1 cent each. Is this a Hail Mary or a well-calculated move?🤔 (Source: www.bloomberg.com). The headline is very clickable, however let's look at...
I have always emphasized that oil will fall, and the target is 83.5-84.5. Yesterday, oil reached the lowest level near 84. Now oil has been oscillating back and forth in the 84-87 range. We can still wait for the upper edge of the range to sell. Control your positions reasonably and wait for the right opportunity to trade If you don’t know how to trade, join...
USOIL... still valid short below that channel. that is mentioned on chart. a straight drop expected below that region, keep close it and dont buy oil until market below that channel good luck trade wisely
BTC has reached the top around US$ 73700 on March 14, 2024 as it was clearly explained in previous publication. Since that it's gone around 1 month till now, and no one new high was printed in BTC. Bulls fade. Robust gain de-established. Upside bubble-alike trend transformed into detrend structure with flat top near US$ 73000 per BTC. RSI (14) is sluggish...
My dear subscribers, My technical analysis for USOIL is below: The price is coiling around a solid key level - 82.13 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 83.93 About Used Indicators: By the very nature of the supertrend...
Preferred direction: SELL Comment: An excellent situation has formed for oil in the short term. After the price falls below level 89 , the continuation of the downward trend towards level 85 is considered, where we set a target for this trading idea. Buyers are trying in vain to buy off the “bottom” of the market, but today the limit buyer dominates the...
Crudeoil supporting by trendlines If break more fall possible
Crude Oil (June) Yesterday’s close: Settled at 82.15, down 2.68 June WTI Crude Oil futures are now front month and our levels are updated below. A sharp move, in this case the two-day drop, is not uncommon during times of roll and post option expiration as Crude Oil tends to cleanse positioning. With geopolitics front and center as the weekend approaches,...
After yesterday’s sharp drop, crude oil prices extended their losses first thing this morning, before bouncing off their lows. Oil was already under pressure on fears about demand following the weaker Chinese industrial data that was released on Tuesday and the larger crude build in the US as was reported by API on Tuesday. But prices fell about 3% after official...
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 81.78. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 79.47 level. P.S Please,...
Oil prices are still relatively cheap on the bigger TF's, compared to where they will be in the near future. Currently up 20% from our green supply zone. Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Oil prices are still relatively cheap on the bigger TF's, compared to where they will be in the near future. Currently up 20% from our green supply zone. Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
#USOIL.. as we discussed in our last idea about oil market very well trade near to his supporting area, now keep close your area that is 85.25 around, if market hold it then further drop expected from here, good luck trade wisely
Crude oil stabilized this week around $84 per barrel on the May 2024 contract, from which we are seeing some nice rebounds after recent events between Iran and Israel. There is a risk that this escalation will not be over anytime soon, so energy prices may remain in an uptrend, possibly heading for a higher fifth wave back above last week's highs. If the market...
Oil prices bottomed out on Monday after Iran's weekend attack on Israel proved less damaging than expected, temporarily easing concerns that a rapid intensification of the conflict could reduce crude supplies. After falling to new lows around 84.03 over the past two weeks, oil prices were supported by bargain hunting after Israel said it would respond to Iranian...