H ello,
West Texas Intermediate (WTI) Crude Oil is a major benchmark for oil prices in the U.S. It's widely used as a reference price for oil trading and is a key indicator of global oil market trends.
Chart Explanation
Moving Averages
5-day Moving Average: $74.80
20-day Moving Average: $73.50
50-day Moving Average: $72.00
200-day Moving Average:...
Not stop entry
Wait for little consolidation, wicks or bullish momentum candle at entry
SL are below from golden ratio and take less risk by putting SL below the momentum candle
Actually we miss the trade but mark alert maybe market retest and you get the trade
We can see oil have had a rally upwards now as we can see it has reached over its H4 resistance level we will wait for price action candle and then we will ne shorting oil from our Resistance level to support level
WTI Crude Oil turned bullish again on its 1D technical outlook (RSI = 59.281, MACD = 0.570, ADX = 33.404) as even though it breached through the 1D MA50 yesterday intraday, it managed to close the day over it and extend today with a green candle. It was not ideal that the rejection on Tuesday took place on the 1D MA200 but yesterday's 1D MA50 rebound has restored...
The oil prices NYMEX:CL1! are looking like
they are going to rise.
Why?
Am really not sure about why
but one thing for sure is the
price hike is coming
The oil price affects this stock
which is one of the stocks on
my watch list
Because of my change of trading
I have developed a permanent watchlist
Again you need to understand
that am not day-trading...
Brent Crude Oil ( FX_IDC:USDBRO ) began to rise from the Heavy Support zone($71.30-$64.80) after Iran attacked Israel . ( It seemed that before the attack of Iran, Brent oil intended to fall and correction further ).
Today's fundamental analysis of Brent crude oil prices is influenced by several key factors:
Geopolitical Tensions : The ongoing conflict...
The Israeli military warned that its response to Iran’s missile attack would be “serious and significant,” as Goldman Sachs forecasted that oil prices could surge by $20 per barrel if Iranian production is disrupted.
Daan Struyven, Goldman’s co-head of global commodities research, stated on Friday that a "sustained drop of 1 million barrels per day" in Iranian...
🛢️ USOIL Price Analysis: Double Bottom Breakout Targets $78.37 and $83.67
USOIL (WTI Crude Oil) shows a bullish reversal pattern on the D1 timeframe , with a double bottom breakout signaling potential upward movement. Traders are eyeing key targets, with the first at $78.37 and the second at $83.67 . Here's a breakdown of the setup:
🔍 What is a Double...
Consolidating leads to expansion!
I'll keep DCA up when I get some other good wins.
I dont believe we have see the bottom and the previous high is to be taken out. I do not believe that the ATH will get taken out nor will we double top.
I can see Oil to retrace down to $30-45 on my crystal ball. The current administration will continue to gut the strategic...
Consolidating leads to expansion!
I'll keep DCA up when I get some other good wins.
I dont believe we have see the bottom and the previous high is to be taken out. I do not believe that the ATH will get taken out nor will we double top.
I can see Oil to retrace down to $30-45 on my crystal ball. The current administration will continue to gut the strategic...
WTI Crude Oil is bullish on its 1D technical outlook (RSI = 59.800, MACD = -0.360, ADX = 28.602) as it crossed over the LH trendline of the Bearish Megaphone. After a 4H RSI bottom formation, the 4H MA50 and MA200 are about to form a Golden Cross, the first since June 18th that caused a rally continuation to the 0.786 Fibonacci level. That is where the August 12th...
USO/USD is rising towards the resistance level that is an overlap resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 74.82
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 77.44
Why we like it:
There is a pullback resistance...
Israeli officials are considering how to respond after an Iranian missile strike on Wednesday, which caused little damage, but definitely had the potential to do so.
Their next steps could depend on the U.S. stance. President Joe Biden reaffirmed U.S. support for Israel but made it clear on Wednesday that he would not support Israeli strikes on Iran’s nuclear...
LIGHT CRUDE OIL 1W COMODITIES - CRUDE is still DOWN
It is difficult to understand the current context of raw materials in relation to their behaviour in previous times, and above all what is happening with oil.
Until very recently, a conflict in the Middle East meant increases in the price per barrel. At the moment, the hornet's nest is stirred up, but it does...
Hey everybody, so while obviously the media is all about the Israel conflict I think we are still far away from being at the bottom. We just wicked today, on a monday, the friday high, started to show some major rejection signs which gives me the green light for a short "experiment" to finally wick the low weekly and daily levels. Remember boys, the best trades...
We’re seeing a breakout on the 4-hour chart for WTI Crude Oil, presenting a potential long trade setup. The price is targeting the 0.5 to 0.7 Fibonacci retracement levels. However, we may experience a retest of the breakout level before the trade fully reverses and moves towards the targets.
Technical Analysis:
• Breakout Confirmation: The recent price action...
