Oil completed 5 clear waves near 74.30 per barrel, wave % can still be extended thats why we will be watching out for a final leg up and not put tight stop loss. the expected next move is a 3 waves pullbakc that might retrace back reaching 68$ per barrel as a first target. if broken we will be looking into a deeper correction.
Oil is currently in a base consolidation at a multi-year support & resistance zone. There’s some RSI divergence in this choppiness. Not interested until price action has built support over level 70 for a long or a defined resistance below level 60 for a short. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or...
Good day everyone, I'm very bullish on oil. I'm day-trading oil futures contracts upcoming months till it reached around 100 usd. - The reason why I'm so bullish on it: From TA perspective: We did break and hold above a huge wedge. And we're looking for new highs now. From fundamental perspective: - OPEC agreed to not raise oil production upcoming months; -...
hitting the strong trendline and starting reject, wait for more conformation
hey guys oil just hit dynamic resistance and also a tweezer bottom is shown it has much power to break it down if so price would reach next level of resistance
Hello everyone, if you like the idea, do not forget to support with a like and follow. Oil is consolidating on 57$ to 61$ region for the last days, not much is happening but opportunity's are everywhere. First of all what is consolidation ? Consolidation is generally market indecisiveness, which ends when the asset's price moves above or below the trading...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Oil price broke the lower trend line of the ascending channel, for the moment i am looking for a retest of the broken trend line as we found support at 59$ and the indicators showing strength to the upside. As market moves i will updating this post stay tuned. Thank you...
Brent Crude looks like it needs a retracement after its stellar recovery. On the weekly chart we can see that its overbought on all three signals. Oil producers need the price to stay above roughly $40 a barrel. In a controlled environment with limited exogenous impacts the price of oil should stay above $40 a barrel. That being said, $70 a barrel isn't going to...
Sell XTIUSD at 65.500 SL: 70.500 TP: 55.500
Oil Short Trade Entry: $53.76 TP & RR: $52.41 Stop Loss: $54.51 REASONS FOR THE TRADE So far Oil has respected the channel and I believe that it is now reaching a point of exhaustion. This upper trendline from the channel is also in confluence with a fairly strong resistance level, so I believe a small pullback is due. The Stop Loss is well above the...
OIL BUY TP_53.99_6.97%_3.52pipss_SL_49.21_2.50%_1.26pips
OIL SELL TP_33.56_17.87%_7.30pips_SL_42.80_4.75%_1.94pips
♦️Pair : USOIL 💢 Vision : Sell ☑️ Entry Point : 41.10 💲 Target : 40.70 ( 5 % ) 40.30 ( 10 % ) 39.90 ( 15 % ) ✖️ Stop Lose : 41.50 ( 5% ) 🔴 Risky Use Small Lot 🔴 ⚠️ Reasons To sell ⚠️ 🀄️ Golden Zone 🀄️ Volume Area 🀄️ Wolfe Wave Pattern ❗️ Risk 5 % 💠 Reward 15 %
OIL TP_33.49_15.66%_6.22pips_SL_40.40_1.74%_0.69pips
OIL BUY TP_45.75_8.34%_3.52pips_SL_41.50_1.73%_0.73pips