💹 Forex Quick Check: #USOIL 📉 Trend: Short Term Bullish Turn 🚀 Action: Long @ 75.50 🎯 TP: 81.77 t 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #USOIL. USOIL is in the newly formed uptrend. We can see that it breaks the major zone and hit the major resistance line. Now it's going to retest the mentioned major...
Crude Oil is taking off from a major horizontal daily support. As a confirmation, I spotted a tiny horizontal range with a confirmed neckline violation on that. We can expect a pullback before the OPEC meeting today. Goal - 77.0 ❤️Please, support my work with like, thank you!❤️
Oil’s Tug-of-War: Iran Tensions vs. Evergrande On Wednesday, WTI crude futures dropped below $77 per barrel, undoing a 1.4% increase from the prior session, all while the U.S. readies itself to address a lethal attack on its troops in the Middle East. Perhaps traders are concerned more about the liquidation of China Evergrande, raising worries about the...
Oil to 76.2 projection for this week. JANUARY 21 2024. Do what you may with this information remember the markets are supposed to be "SPECULATIVE"
If prices continue to struggle going bullish after inventory or week come in red. I expect prices to drop into mitigation and if that happens you will see an explosive move on oil. Otherwise, they should take buy side liquidity @70.77 and come back into internal range (mitigation/volume imbalance) Mind you, if the fed also cuts rates today that will weaken...
In terms of crude oil, we continue to pay attention to the idea of shocks during the day. With the current unstable situation in the Middle East and the surge in OPEC crude oil production, the market outlook continues to be dominated by shocks. Technically, focus on the upper pressure near 78.40 during the day, and the lower support is around 76.65/74.7
Dear colleagues, the price has confidently reached the previous target of 79.37. Now the price is in correction and I suppose that the price will test this area again. It may even retest the high of 79.30. After that, most likely, I will consider a downward movement, but more on that later. Manage your capital correctly and competently! Only enter trades based on...
🔴 Resistance - 6449 🔴 🚀 Target - 6479 🚀 🟢 Support - 6437 🟢 🚀 Target - 6402 🚀 🚫 Manage Your Risk & Reward As Per Your Appetite 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & EMOTIONS HAS NO...
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 77.081 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 75.900 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at...
Oil is still in an upward trend, wait for the right support point to buy During the recent period, the highest point of oil was 75.8 and the lowest point was 70.5. Daily line: 67.71 support point, 79.8 resistance point 4H: 70.5 support point, 76.18 resistance point These three important resistance points are 76.1-76.7-77.1 I see the possibility of oil bottoming...
During the day, focus on the support near 76.70 to maintain a bullish attitude. The situation in the Middle East is currently escalating, and the probability of crude oil rising in the market outlook is relatively high. Above, focus on the resistance of 78.40/79.3
Crude Oil prices are still extremely undervalued. We've been seeing buying accumulation happen for majority of 2023. We've just seen ANOTHER 17% bullish rejection from our demand zone. Buyers still holding strong in 2024.
Crude Oil prices are still extremely undervalued. We've been seeing buying accumulation happen for majority of 2023. We've just seen ANOTHER 17% bullish rejection from our demand zone. Buyers still holding strong in 2024.
Trading Setup: There is a Trading Signal to Sell in WTI Crude Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 76.9 ⭕️SL@ 77.96 🔵TP1@ 74.2 🔵TP2@ 72.5 🔵TP3@ 69.7 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs,...
My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 78.12 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 76.19 About Used Indicators: On the subsequent day, trading...
Crude Oil price have remained sharply range bound for the last two months. CME Group’s West Texas Intermediate (WTI) futures have traded between USD 70-80 a barrel since early November last year. Sharply shifting supply and demand outlook explains range bound trading in crude oil. In this paper, we discuss diverging factors affecting crude oil price and...
Sharing CL update from TTR. Will be updating CL once a week or so. CL is trending above its 5EMA on a daily level; first support sits at 76.10, and the main support is at 74.55± The main target is above 82.50 Bullish trend was just started imo
In today's trading session, our attention is on USOIL as we consider a potential buying opportunity around the 76.30 zone. USOIL is currently in an uptrend, and amidst a correction phase, the price is nearing the key support and resistance area at 76.30. Traders should view this as a potential entry point for long positions, given the ongoing uptrend in USOIL....