Preferred direction: BUY Comment: After a very long accumulation in oil, most likely the buyer is ready for the long-awaited growth. According to the results of yesterday's trading, the price was fixed at the highs, which indicates the strength of the buyer against the backdrop of growing market sales. In this regard, we maintain a strong buy priority towards...
In the H4 timeframe, US Crude Oil prices started the week with a bearish candle, contrasting with the strong gains seen in the previous week. This bearish sentiment seems to be influenced by multiple factors, including technical indicators such as the 61.8% Fibonacci level and overbought stochastic conditions, particularly around the $81.50 mark. The recent...
Crude oil is returning to the bullish bat pcz which also happens to be at a high demand level. Lets see the pa over the next few days, but if an additional edge develops we will long in and around this area with the given targets. We are not long for now . Update soon.
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Crude oil trading analysis The oil market was mixed and volatile last week. The Red Sea shipping crisis has drawn attention, while an increase in demand forecasts from the International Energy Agency has also caused market volatility. Although WTI crude oil futures fell slightly, the overall trend showed a weekly increase of more than 3.88%. International...
West Texas Intermediate crude oil regained a bullish momentum and managed to establish a new high at $81.58, which marks the highest value in over four months. Additionally, RSI, MACD, and Stochastic all moved higher on the daily chart. These developments are positive for oil and bolster a bullish case in the short term and medium term. However, while it is...
Crude oil market analysis Last week's original is more than the head of the week, the bulls opened the weekly level of upside space, continue to follow it this week, continue to be bullish, step back to continue to find a position on the car, small support near 80.40, strong support has been on the near 79.00, crude oil long is the weekly level of space will...
🛢 CL OIL, H4 🛢 18 March 2024 Oil prices saw a slight retreat primarily attributed to technical correction. However, the long-term outlook for the oil market remains positive as the International Energy Agency (IEA) and OPEC revised their 2024 oil demand forecasts upwards for the fourth time. Economic growth surpassing expectations is anticipated to bolster oil...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of...
WTI oil (XTI/USD) could rise towards an overlap resistance at 84.35 which has been identified as a pivot point. Could price stall around this level before potentially making a weak bearish reaction? Pivot: 84.35 Support: 79.79 Resistance: 90.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
The oil keeps breaking higher high bullish market structure you can take trades on a retracement at 1 hour, 15 min timeframe until market respects higher low
USOIL is trending up on the 4H time frame, we are looking for an entry point at the 61.8% retracement level with targets being the current price swing high and a 50% measured move. SL below the previous swing low.
Oil holds steady around $80.60 area, just below the YTD peak touched on Thursday West Texas Intermediate US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day. Crude oil is one of the most in-demand...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Crude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the...
Hey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 80.20 zone, USOIL was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 80.20 support and resistance area. Trade safe, Joe.
My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 80.97 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 79.55 My Stop Loss - 81.80 About Used Indicators: On the...
Crude Oil broke and closed above a key daily resistance this week. The broken structure turned into a strong demand zone. We can expect a growth from the underlined blue area at least to 82.5 ❤️Please, support my work with like, thank you!❤️