WTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 76.104 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 75.170 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci...
Good evening and i hope you are well. wti crude oil This chart is obviously the hardest because big trading range for a long time where market is absolutely neutral and both sides have all the arguments for their case. bull case: Strong enough rally to 78 and they want to print 80 for a higher high. They will probably give up below 75.5 and try again around...
This publication was partially created by ChatGPT AI, under request to Highlight Ten Factors That Could Drive Natural Gas Prices Below Zero in 2023. Good or bad, y'all be the judge. But here's what ChatGPT said... As an AI, I cannot guarantee the accuracy of such statements, but based on common knowledge, the following factors may be the reasons why natural...
Price is finally showing a displacement to the downside, which allows us to start looking for pullbacks for a potential Short Position. Aiming to get a pullback to the upper OB, or OTE.
Crude Oil shorts after pullback to POi (77.704) 11:16am Engulfing bearish candle Price continues to create Lower Lows, Lower Highs Entry @ (77.441) Stoploss: 77.738 Takeprofit: 6.776 | 66pips _______________________________________
HI Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. The way I told you, you have to trade like this and you will have...
Good morning and i hope you are well. wti crude oil bull case: Bulls still have the 80 target in sight and they are buying all pullbacks. The uptrend is weakening but i think then can get there. The 1h 20ema is holding pretty good and we are right at it. So it's a buy. The drawn wedge could get us there but bulls have more trend lines below which can hold. Last...
🔸Today let's review the 8 hour chart for US oil . Noteworthy bounce in progress after accumulation near lows, however currently getting overbought, we are closing in on a cluster of stop losses / heavy overhead resistance. 🔸XABCD structure is defined by point X at 70 usd, point A at 78 usd, point B at 72 usd, point C at 79 usd, point D at 68 usd. speculative...
🔸Hello traders, today let's review 2daily price chart for gold. Heavy rejection from strong overhead resistance near 2075, sliding S/R contained the bull run once again. 🔸2015/2020 usd weak horizontal S/R price level, once bears take it out expecting strong sell side pressure to accelerate, targeting 1950 and 1900 usd. 🔸While the gold price chart looks strong in...
WTI Crude Oil is on a healthy bullish 1D technical outlook (RSI = 61.125, MACD = 0.800, ADX = 42.762), crossing today over the 1D MA200 for the first time in February. 79.75 (R1) is the first Resistance level but once the 1D MA50 broke (as we stated on our prior idea), the target is at least 83.50 (TP), which is what WTI delivered on the August 10th 2023 and April...
✅CRUDE OIL will soon retest a key resistance level of 79.50$ So I think that the pair will make a pullback And go down to retest the demand level below at 77.14$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The USD/CAD exchange rate continues its decline from around the mid-1.3500s, reaching its highest level in almost two months and remaining under selling pressure for the second consecutive day on Wednesday. The reduction in the forecast for domestic oil production growth for 2024 by the US Energy Information Administration (EIA) in the February Short-Term Energy...
1min Entry after CPi news release late entry after 77.307 break of lower structure Large bearish engulfing candle close Take Profit: 76.874 | 1.618 Fib extension Stop loss above previous high (77.448) ♥ ♥ ♥ ♥
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 76.50 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 76.50 support and resistance zone. Trade safe, Joe.
Pair : Crude Oil Description : Double Top as an Corrective Pattern in Short Time Frame Completed Impulsive Waves and Correction RSI - Divergence Rejecting from the Resistance Level Break of Structure and Completed the Retracement
Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 74.02 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
WTI oil (USOUSD) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target. Entry: 77.234 Why we like it: There is a potential breakout level Stop Loss: 75.528 Why we like it: There is a pullback support that lies underneath the 23.6% Fibonacci retracement level Take Profit: 78.940 Why we like...
We've observed the price successfully mitigating the latest bearish impulse at the Optimal Trade Entry (OTE) level. Additionally, lower time frames are indicating a break of structure, suggesting a potential shift in the market's character. With the OTE mitigation already in place, our strategy now involves exercising patience and awaiting further developments.