On the 23rd Feb, the price moved below the MA and dropped heavily, reaching the support near 76 USD/b. Retracement is possible as depicted on the chart. Will the support hold? The alternative scenario which is less probable, could cause the price to drop to 75.5 USD/b. __________________________ Information Regarding Important News and Figures can be found here...
UKOIL FEB WEEK 5 OUTLOOKG - Daily - I am still long bias on oil. if it does pullback, I will not get involved in shorts this week. I will see how it plays out. significant zones to look for absorption are 80.10 - 79.43 78.63 - 77.48 Origin -looking weak here too. if price fails to hold above 80.87 - 80.77 here, next level of support comes down to 78.54 - 79.26....
Refer to a previous post. Breakdown has begun but I suspect a gap fill before a follow through. POUNCE on the gap fill for a swing $70 3/15 Puts High.
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Based on Simple Technical Analysis ( Trendline + Support & Resistance ) 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...
wti crude oil The chart and my drawn wave outlook is the low probability thesis. More probable is a continuation of the trading range 68-78 or 70-80, whatever price you find more appealing, same outcome. bull case: Bulls still prevented bears from a strong move down, as they had the last months, after a rally and we are still trading above the daily 20ema. We...
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too. ❤️ Please, support our work with like & comment! ❤️
#USOIL. market continue consolidation from last couple plus weeks, technically market very well placed upside area around 79 plus. keep in mind if it will holding this area for futher then downside drop expected to my expected area, let c what will be done from market side. good luck trade wisely
AMEX:USO Headed back to the 50 day. Really quick. Will continue watching to see if we hold $69s or break lows. I'm expecting the pullback to resume after a quick stall at the 20day sma. The giveaway that helped pay last time was the rally above the death cross. That first rally is usually bearish as noted in the chart posted. Fast forward and we have the same...
Natural Gas, OIL Silver DXY Gold Price Forecast: Support & Resistance Guide 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 06:13 AMEX:UNG Stock Forecast 08:12 USO Oil Stock Forecast 10:01 DXY US dollar Stock Forecast 11:54 Gold XAUUSD Stock Forecast 13:04 Silver XAGUSD
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...
Hello,Friends! USOIL is trending down which is evident 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...
Hello,Friends! USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 75.07...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 73 zone, USOIL is trading in an uptrend and successfully managed to break it out, currently is in a correction phase in which it is approaching the trend at 73 support and resistance area. Trade safe, Joe.
www.tradingview.com Today, Crudeoil encountered a massive selling rally. Here are the possible levels of reversal: 6250 / 6200 /6080 / 6000
Hello,Traders! CRUDE OIL has formed a Bearish wedge pattern And is now trying to Make a bearish breakout So we are bearish baised And IF the breakout is confirmed Then we can go short Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 75.62 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅