Oil has tested the old level from a large timeframe. I expect a slight pullback and continued upward growth. Selling on a strong uptrend is out of the question. We are waiting for a signal that will allow you to enter a long one at the best price. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
There was no negative news for the oil market following the September Fed meeting. Interest rates and asset purchases remained unchanged, although the rhetoric continued to escalate. In particular, the Fed announced its readiness to make a decision to start cutting the asset purchase program at the next meeting. Additionally, an increase in expectations for the...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Hey traders, WTI Oil finally reached our goal. What is next? Here are the key levels for you to watch: Resistance 1: 73.7 - 74.2 The price is approaching that area at the moment. Being quite overbought, we might expect a pullback from that. Next week I will look for a confirmation to short from there. I will post the update if I see a nice setup. Resistance...
Price is approaching 1st resistance at 77.72 in line with Horizontal swing high and 76.4% Fibonacci extension where it could see a reverse down to 1st support at 73.50 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci extension. Our bearish bias is further supported by how Stochastic is testing resistance where price dropped in the past. Otherwise price...
TVC:UKOIL Hello traders Fuel oil price is on the verge of breaking the longest resistance line since 2008 Just Keep an eye on it. 🔴 Please do your own research and understand the risk before you open a position
The price continues to overcome obstacles from the resistance levels. Now the resistance 76.59 is being worked out, I expect that after a small rollback the price will retest and break through this level. I look forward to growth until the next resistance. My goal is 77.78 Traders, if you like this idea or have your own opinion about it, write in the comments. I...
And so, oil continues to demonstrate a fighting spirit. Growth is expected to continue. The focus is on the area of resistance 76.15 - 77.85, from which a downward correction is expected. After that, the price is very likely to continue to grow further. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Hey traders, WTI is approaching daily/intraday zone of demand. To catch a bullish move with a confirmation, watch a double bottom formation on 1H. 71.1 - 71.5 is its neckline. Wait for its bullish breakout (1H candle close above), they buy aggressively or on a retest. The first goal will be 72.9 In case if the price respects a neckline and sets a new lower...
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Technical analysis on WTI Crude Oil. Key levels & directional bias. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
The oil price is pulling back to work out the resistance. I am waiting for a consolidation above the support level with an increase in the price of a resistance retest for a possible breakdown of the level 76.13 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
After exiting the long-term consolidation, the price tested the resistance of 75.58 and is forming a correction to the support. I expect the price to rise from 73.64. My target is resistance 75.58 Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Price is facing bullish pressure as it continues to hold above the ascending trendline support. We could potentially see a bounce at our 1st support level at 74.01, which is in line with our 38.2% Fibonacci retracement and 23.6% Fibonacci extension and a further rise towards our 1st resistance level at 79.46 which is in line with our 127.2% Fibonacci retracement...
This is weekly Closing Bell. Here readers can view price of particular securities at market close ending week 17th September 2021. Commodities (17th September 2021): Gold (XAUUSD) – Close price = 1754.95 USD Silver (XAGUSD) – Close price = 22.404 USD WTI oil (USOIL) – Close price = 71.89 USD Brent oil (UKOIL) – Close price = 75.30 USD Forex (17th September...
The tool has tested local strong resistance and begins to roll back. After a rollback, I'm waiting for the price to return to retest the resistance level of 76.13 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
don't panic it's organic, it smells like bear dung!
USOIL gave up some of its gains from the last week. Currently it trades just below upper bound of downward moving channel. We continue to monitor USOIL closely while we look for any strength and potential breakout above the upper bound of a channel. We think this would be bullish developement for USOIL and it would be followed by another breakout above the short...