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,...
WTI Oil (USOIL) hit the 1D MA50 (blue trend-line) today for the first time since February 07 and touched the bottom of the long-term Channel Up, forming a Higher Low. This is only 2 weeks after the formation of a 1D Golden Cross, the first since August 22 2023. That Golden Cross was also formed during a correction, which eventually kept the 1D MA200 (orange...
WTI oil (XTI/USD) could fall towards the pivot which has been identified as an overlap support. Could this commodity potentially bounce off this level to climb towards the 1st resistance? Pivot: 80.96 1st Support: 76.53 1st Resistance: 87.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money...
Continued from previous post. Breakout possible. Wait for pullback into the wedge. Stop on Calls would be below the Box. 4/19 $70 call could pay well if the breakout occurs.
Compare said time frames and you will see the similarities in RSI and MACD although if it fails, new lows could be on the way. If a B/O occurs , look for $100 sooner than later. Will revisit later. I will attach the next post to this one for continued reference.
Natural Gas adn equity stocsk saw some positive flows on Friday despite tremendous market weakness. The commodity sector has been hot and Nat gas has still lagged by a large margin. Nat Gas still trying to break out of a potential stage 1 basing formation. This base could be a powerful move to the upside. If names like AR, EQT & LNG are telling us...
The Dollar Index & Crude Oil are creating very similar price action & structures on the weekly timeframes. We previously saw huge bullish moves to the upside from 2021 - 2022 during peak Covid, followed by a consolidation phase (resting period) for the past year. It now looks like both markets are done resting & ready to sore back up🚀 Will you be buying these...
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...
#USOIL Outlook ..............................................................................................
This week I have a eye on 80.50 for price to reach. We have closed in the weekly fvg and now lying within a Daily FVG and Daily V.i The Daily V.i is important to reference as Monday we can trade higher into this.
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 05:33 AMEX:UNG Stock Forecast 07:00 USO Oil Stock Forecast 09:30 DXY US dollar Stock Forecast 10:42 Gold XAUUSD Stock Forecast 13:29 Silver XAGUSD Natural Gas Price Forecast | DXY Oil, Silver, Gold
USOIL - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy USOIL Entry - 82.07 Stop - 81.01 Take - 83.91 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
WTI Oil has indeed finished its second leg and retracted back to a significant order block zone. This is often a signal for potential accumulation before another ascent. Based on current patterns, it's poised to climb back up towards the previous decline pivot, setting up an interesting play for those watching the oil markets.
Using momentum indicators (keltner channel) I've been watching this weekly rally and recent correction. Using the close, and the last wave, oil price could climb to astronomical levels in USD. There is a momentum shift of the correction, and the bull market for oil appears to be underway. At this pace, 200 by june is not far fetched. I expect the Dollar to lose...
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...
Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday. Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2....
Preferred direction: BUY Comment: Previous trade ideas for silver , where we considered selling, have been cancelled. Today, another strengthening of metals is expected. The buyers' target will, of course, be the local maximum at level 30 . It is best to set the target slightly below this level. As you can see in the chart, we have formed a clear...
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...