Oil has been fluctuating recently, but it has been supported at 70-71 many times, which is in line with the upward trend. Therefore, if it falls back, you can choose to cooperate with the support point for short-term buying. Usoil:buy74-74.5 TP:75-75.5-76 SL:73.65 Join me, I will analyze how to trade every day and give trading strategies
WTI Crude Oil formed a double top pattern after a test of a strong horizontal resistance. Its neckline breakout is a strong bearish confirmation. We can anticipate a retracement at least to 73.0 level now. ❤️Please, support my work with like, thank you!❤️
🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended...
Oil prices ended slightly higher last week after the International Energy Agency (IEA) and oil producer group OPEC jointly forecast strong growth in global oil demand and cold winter weather disrupted U.S. crude output, while the government reported a sharp weekly reduction in crude oil production. Crude oil is expected to continue to maintain a volatile trend...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 72.754 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 72.00 which is a level that sits under the 61.8% Fibonacci retracement level. Take profit is at 74.681 which is a...
As I mentioned in the Weekly Outlook video, I expected the fair value gap + the bullish breaker block to hold price, and provide support for a potential rally. It chopped since Tuesday, but we've seen the bulls come in and slowly start to move price higher. I expect that price will continue that move today. I am looking for price to pullback a bit, after taking...
journey to 79.35 just begun . first target achieved send and third on the way
From a technical standpoint, Natural Gas is currently at levels where there's very very limited downside and major potential for upside. Many times when we've seen prices come to these lows, price shot up hundreds of %. It's unlikely that we'll hit 0 and therefore balance of probability suggests that going Long on Natural Gas would be a good bet! Trade Idea: -...
WTI Oil (USOIL) Closed last week above the 1D MA50 (red trend-line) for the first time since July, which technically puts an end to the October - December 2023 downtrend but perhaps that's not the strongest bullish signal we've seen now. The asset completed on Friday a Golden Cross on the 4H time-frame, the first such formation since July 10th 2023. That was at...
Hello Traders, Base on technical and wave analysis we see this scenario for #Brent Oil for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The fundamentals of crude oil are still greatly affected by the geopolitical situation in the Middle East. The technical aspects are still looking for high points to sell during the day. The following focuses on the resistance and support of 71.70~71.2. At the weekend, we need to pay attention to the impact of changes in the regional situation on crude oil.
WTI oil (USO/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 72.402 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 70.938 Why we like it: There is a multi-swing-low support that aligns close to the 78.6% Fibonacci...
The USD/JPY exchange rate finds support near 148.00 as bets in favor of a Federal Reserve (Fed) decision to cut interest rates are gradually diminishing. Weak inflation data could lead the Bank of Japan (BoJ) to postpone its plans to exit from accommodative monetary policy. According to the CME Fedwatch tool, traders see a 53% probability of a 25 basis points...
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...
My dear followers, I analysed this chart on USOIL and concluded the following: The market is trading on 73.39 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 72.34 Safe Stop Loss - 74.01 About Used Indicators: A super-trend indicator is plotted on either above or...
Gold ounce analysis In the analysis of the supply and demand system in the gold chart, the result of the analysis is the continuation of the downward trend in the short term, and our analysts expect that the ounce of gold can start the downward trend from the supply area at the price of 2047$ and in the short term to the demand areas in the price reach 1987$ and...
Hello,Friends! We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 70.56 level. ✅LIKE AND COMMENT MY IDEAS✅