The price of USOIL is edging toward $70 per barrel, which is our price target for 2024. However, it is becoming increasingly possible that we will see this price taken out even by the end of the current year. With that said, we want to raise another price target for the next year, valued at $65 per barrel. Illustration 1.01 The monthly graph above shows the...
US oil is in the best place for long positions. the target is 78$
UK Brent Oil New forecast The price of Brent crude futures suffered strong losses yesterday, as it broke the level of 82.11 and fell sharply and reached the level of 80.00 and stabilized near it, paving the way for achieving further declines expected during the coming period, and by exceeding the level of 80.00 it will open the way for the price to head...
Crude oil is trading in a bearish trend on a daily. After a long-lasting consolidation within a horizontal range, the market violated its support on a daily and set a new lower low. Retesting the broken structure, the market started to coil within an intraday range. Its support breakout gives us a strong intraday confirmation. A bearish movement is now...
Hi Traders ! The USOIL Reached a Strong Resistance Level (79.72 - 78.47) The Price Formed a Rising Wedge Pattern. Let's Expect The Bearish Scenario: If The Price Breaks The Support Line and Closes Below That, I Will Sell on Retest... TARGET: 70.50🎯
As We Talked in The Previous Analysis: The USOIL Reached a Strong Resistance Level (79.72 - 78.47) The Price Formed a Rising Wedge Pattern. Currently, The Support Line is Broken and Now The Price Will Continue its Bearish Movement ! __________ TARGET: 70.50🎯
The value area is between 76.5 - 78.5 Be careful about your RISK The target will be 84$
WTI is again in the value area and good for long positions. Manage your risk and set some buy limit in different prices like 70.5 - 71.5 - 72.5 By manage your money wisely you can earn money with out worrying about losing your money. If this area breaks and oil falls more don't panic! Just keep your positions and buy in the lower levels
Oil reject from key level in weekly time frame for long term selling trading setup
WTI Crude Oil is consolidating within a range on a daily since the beginning of November. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 80.85 - the upper boundary of the range, I will anticipate a growth to 82.50. Bearish Scenario In case of a breakout of 72.20...
UK BRENT OIL New forecast The price of Brent crude futures traded significantly positively yesterday, breaching the 82.10 level and settling above it, but we note that the price may face resistance at 83.17 - 83.80, which hinders the upward wave, Therefore, right now we will see the bullish trend until reach 83.17 and 83.80 levels and here we have to wait...
the only real money is energy. Venezuela is opening a new front in Latin America, 44 years of stealing oil-rich countries is over. ...
CAPITALCOM:OIL_CRUDE chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
Hi Traders ! Today, The USOIL Price Broke a Strong Support Level (75.55 - 73.89). This Support Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉. let's Wait For Retest ! ----------- TARGET: 70.50🎯
As We Talked in The Previous Analysis: The USOIL Price Broke a Strong Support Level (75.55 - 73.89). This Support Level Becomes a New Resistance Level. Currently, The Price pull back to Resistance Line, And Failed To Create a New Higher High. ----------- TARGET: 70.50🎯
I am waiting to buy oil in the value area ( 73 - 75 )
NYMEX:CL1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes. What's on the chart: Converging parallel channels (light blue) aka diamond box pattern, framing price action into a pennant formation on higher timeframe. Descending parallel channel (white) emphasizing current downward trend since late September peak. ...
As We Talked in The Previous Analysis: On Tuesday 7 November, The USOIL Price Broke The Support Level (79.72 - 77.64). This Support Level Becomes a New Resistance Level. Currently, The Price pull back to important Resistance Line, And Formed a Bearish Pin Bar 📉 ----------- TARGET: 75.60🎯