Crude oil prices fell back from highs and will bottom out and rebound From yesterday to today, the overall trend of crude oil fell back after rising, with $80.5 as the resistance level and $77.6 as the support level. The U.S. Department of Energy announced the purchase of approximately 3 million barrels of oil for delivery in September to replenish the...
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...
✅CRUDE OIL broke the rising Support so we are bearish Biased and I think that We will see a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Today's crude oil trading analysis Yesterday, crude oil continued to fluctuate upwards, and the second time it tested high, it looked around 80.7, but it has not yet formed a breakthrough. The recovery range in late trading was within 80.0, and the daily closing line had an upper shadow line, which is still in the stage of shock and rise. At this stage, it is...
Let's dive into analyzing crude oil on the daily chart. 🌊💡 Following a decline and correction to the 0.5 Fibonacci level, we are currently riding the waves within an upward channel. This channel is our guiding light. 🌟✨ If we successfully breach the line at 79.290, we may witness an exhilarating surge in oil prices 📈, potentially soaring to the lofty heights of...
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
Hello everyone! we're turning bullish on BRENT! - Here's my view on BRENT : - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend.ù stay cautious. That's why I see GOLD rebounding in the zone and dropping! 🚀 If you liked it and want more, don't hesitate to...
🛢 CL OIL, H4 🛢 8 March 2024 Oil prices have faced challenges in sustaining upward momentum, despite factors that traditionally might boost prices, such as the easing strength of the dollar and potential dovish policy shifts from the Federal Reserve. However, there was a slight rebound in oil prices in the latest trading session, attributable to a temporary supply...
Here is our detailed technical review for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 78.57. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 80.50 level. P.S We determine...
Same thing as always. I am looking for a pullback all the way to 82.56 - 82.39 zone and looking for price to get absorbed there. more than usual volume traded in oil yesterday which is repeat of similar pattern observed in Jan this year before first run up in oil. for me to get an entry I am looking for almost 1% drop so let's see if I get it.
Crude Oil is trading in a bullish trend. The price retraced to a solid vertical trend line on a daily. After its test, I spotted a confirmed bullish breakout of a resistance line of a falling channel on an hourly time frame. I think that bullish rally may resume soon. Goals: 78.0 / 80.6 ❤️Please, support my work with like, thank you!❤️
My bias all week has been for oil to trade to the PWH. So far, I've been given no trigger to get involved. However, end of NY session saw H4 candle bullish closing disrespecting bearish arrays. I want to see these levels respected as bullish arrays to then look for m15 bullish displacement long entry.
WTI Crude Oil is neutral on its technical outlook across the three different long term timeframes 1D, 1W and 1M (RSI = 50.461, MACD = 2.330, ADX = 15.020). The latter is the timeframe that we are looking at on this chart and as you can see, Oil is inside a Triangle pattern, which inside the 17 year Channel Down is the pattern that consolidates the price before a...
In this chart we spotted Head & Shoulder and we expect a good down trend but there is chance it will go UP as there is no DIVERGENCE SPOTTED there is 50/50 possibility either it goes up or down.
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...