As We Talked in The Previous Analysis: The USOIL Reached a Resistance Level (74.03 - 74.75). Currently, The Price Formed a Rising Wedge Pattern. The Support Line is Broken. So, I Predict a Bearish Move. ________ TARGET: 69.50🎯
As We Talked in The Previous Analysis: The USOIL Reached a Resistance Level (74.03 - 74.75). The Price Formed a Rising Wedge Pattern. The Support Line is Broken. Currently: The Price Pull Back to Important Structure, and Now It Will Continue Its Bearish Movement📉 TARGET: 69.50🎯
Dear Colleagues, Towards the end of the year we see a large accumulation of option contracts at levels that are well below the current price. I believe that we should look out for short positions. I expect that wave 2 has finished its movement near the 74.80 area and I expect an impulsive wave 3, which will come at least to the target in the support area of...
Crude oil prices remained weak in Asian trading on Tuesday and are currently trading around 72.6. During the day, we will pay close attention to the US PMI to be released later on Tuesday. Later this week, the Federal Open Market Committee (FOMC) meeting minutes will be closely watched ahead of Friday's U.S. non-farm payrolls (NFP) report. The crude oil market...
WTI oil (USOUSD) is falling towards a pullback support and could potentially break under this level to fall towards our take-profit target. Entry: 70.128 Why we like it: There is a potential breakout level Stop Loss: 71.039 Why we like it: There is a pullback resistance level Take Profit: 67.958 Why we like it: There is a swing-low support level Please be...
WTI oil (USOIL) has just reversed off a pullback resistance and could potentially drop lower. Sell entry is at 72.976 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 73.900 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance. Take profit is at 71.071 which is a...
Hi, According to my analysis of the oil market, it seems to be in a very negative state. We notice that the market is in a downtrend with a descending channel forming as shown in the analysis. The price also rebounded from the demand block area at the 76 level, indicating further decline in the coming days. Good luck to everyone.
Hello, according to my analysis of the oil market on a four-hour frame. It appears from the analysis that it is still in a downward trend. Through the descending channel that confirms the sellers’ control over the market. Good luck to everyone.
Based on the oil's bearish outlook, USDCAD long will be a great position after touching the blue trendline. Remember that USDCAD is the king of trendlines in the currency market.
Hello traders, over the last few months, Usoil has seen a bearish trend. I anticipate this selling momentum to continue until we reach 67.68 and we could go lower. In the past days, we've established the buy side of the curve and formed a market maker sell model.. I'm interested in engaging in a sell position once the daily FVG is reached, of course after a...
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 / 4H Hello traders, welcome back to another market breakdown. USOIL has been trading inside a channel. Making new lows, lower highs. I'll be looking for a shorting opportinity in the next week until bulls manage to break above the channel. Trade safely, Trader Leo
NSE:HAL 2 UP on the quarter but not strong enough to close above Q3 high inside year = no clear direction messy 3M chart = neutral and a need to wait for more clues oil & energy (related) names not the strongest this year, which could mean (more) potential upwards, but need to see price confirm that suggestion first
Hello Traders! As expected, we can see a retracement of the OIL H2 from the resistance level, and also, from the OB at the price of 74.900. I see this retracement as a good signal of bearish domination, representing a good opportunity to execute a short trade. Treaders, if you liked my idea or if you have a different vision related to this trade, write in the...
Hello,Traders! CRUDE OIL broke the key Horizontal level of 72.44$ And the breakout is confimred So a bearish continuation Is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hitting breaker on the daily after hitting OTE at the weekly, new highs on the way
WTI Oil (USOIL) got rejected two days ago near the 1D MA50 (blue trend-line), which has been the downward Resistance since October 24, despite the fact that the price marginally broke above the 3-month Channel Down. As long as it stays below the 1D MA50, the trend is bearish and we will target the 68.00 Low. On the long-term though, this is a huge Buy Zone since...
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