oil is ready to complete terminal as c in last lag of flat in d lag of big triangle buy opportunity in 80-83 dollar for 140 dollar at least
WTI CRUDE OIL (USOIL) eventually followed the rough projection we made three weeks ago and made a Lower Low as it failed to break above the 1D MA50 (blue trend-line) again: This has created a new Channel Down on the medium-term, which after closing below the 1D MA200 (orange trend-line), it is now eyeing the 1D MA300 (red trend-line) for the first time since...
We are playing levels along with News with OIL, stay patient and sit on your Hands! if price retrace to test the breakout of the upward channel, then we are selling to @85.00 area! If price creates a double bottom, we are buying up to @122.50 area!
Another inflation (red trend-line) cross study, this time against the WTI Oil (USOIL). It is evident that the correlation between the two is very tight and every time the Oil market started forming a top pattern (circles), the Inflation Rate followed it lower shortly. I will not get into much detail as the chart is pretty self-explanatory. Oil has been on Lower...
WTI Oil (USOIL) broke today above the 4H MA50 (blue trend-line) again after a three day stay below it and is approaching the Lower Highs (top) trend-line of the Channel Down it started after the June 14 High. On 4H RSI terms as well, it looks like the V-shaped Lower Highs test of June 29 - July 05 that ultimately led to a sharp sell-off towards the bottom of the...
Trend: The overall trend of the chart is downwards. Candle Sticks: Formation of shooting start at the LH of the chart. Support & Resistance: Price is testing the 4he resistance area by making an LH with a shooting star. Reasoning: The formation of a shooting star at the LH of the 4hr resistance area strongly indicate the price will go down. SL: Place at the...
WTI Crude Oil (USOIL) touched today the 1D MA200 (orange trend-line) for the first time in 2022, more specifically since December 21 2021! This strong selling on the market has come after successive Lower Highs since June 14 and a rejection on the 1D MA50 (blue trend-line). Since the March 08 market High, this may look as the start of a multi-year Bear Cycle but...
oil is in correction , it's maybe is triangle, it can see above $100 one more time and then go to $83-85 but don't forget about next target , above $200 :-)
Hi guys! Oil looking promising and I personally waiting for 0.5 line to be tested before longing it. as shown is my analysis on a 4H timeframe. Let's see how the oil will play out!
Hello Traders, here is the full analysis for this pair, 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 watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
Hey guys! How are you guys doing! O hope from the previous analysis, the daily fake out from DAILY timeframe got you guys a confirmation and brought toward more downside. What I'm seeing now is that it shall go back and test 110.70 zone and probably bring more downside to 105, 103 and possibly to 95 range. However, shall it break the resistance zone with a...
oil crude is going to 108 in frame 15 minute
WTI Crude Oil (USOIL) is on a 4 day green 1D candle streak, the longest it has been in a month and is trading above above the 1D MA50 (blue trend-line). As you see the pattern has been a Channel Up since the March 25 High as the market is attempting to recover the War high (129.50) of March 08. This time the price hasn't just rebounded on the bottom of the Channel...
I expect the price of oil to reach 130 dollars and breaking the 130 level will rise strongly and may reach 200 dollars
the USOIL price reached a daily support . the key level has broken 🔥 the trendline has broken 🔥 i predict a bearish move (pattern breakout)📉 TARGET: 98.618 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
I have entered a leveraged (2X) short in #oil, via Direxion's Inverse $DRIP ETF. NOTE: This post shows "LONG" because I have BOUGHT $DRIP; #Oil, as the asset class - I am viewing as a SHORT. Not much else to say, other than the #oil #selloff is underway after forming what I see as a double top (see WTICOUSD) and a good risk/reward entry to short. I will...
WTI Crude Oil (USOIL) is on a strong 3 day correction. Its long-term trend since the December 02 2021 Low is better illustrated if we apply the Fibonacci Channel starting on that Low. As you see the extensions have worked very well in projecting Higher Highs. Right now the pull-back doesn't seem to be over. Either a bounce of the 1D RSI on its Buy Zone is needed...
If you haven`t bought the "dip" at the beginning of this year: Then with all this unprecedented demand for travel, i expect the price of WTI to be at the $130 level this summer. Looking forward to read your opinion about it.