Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 76.54. Taking into consideration the structure & trend analysis, I believe that the market will reach 74.95 level soon. P.S We determine oversold/overbought...
My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 76.54 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 74.85 About Used Indicators: The pivot point itself is simply...
Oil has found support in a demand zone, with a retest of an upward trendline and a 0.62% Fibonacci level, suggesting the possibility of a recovery towards new highs. On the chart, I've identified a yellow box where the price could consolidate, drawing liquidity below the swing low before resuming the upward movement. As for the fundamental analysis: Qatar is...
CRUDE on Monthly support, seems like holding it, safe traders may wait for trendline breakout, risky may enter with SL below support. Levels on chart. -View for education purpose only. Saptarish Trading.
Hey Traders, In today's trading session, we are closely monitoring USOIL for a potential buying opportunity around the 74.70 zone. USOIL has been exhibiting an uptrend and is currently undergoing a correction phase, bringing it closer to the support and resistance area at 74.70. Adding a fundamental layer to our analysis, it's essential to consider the ongoing...
#COTIUSDT UPDATE Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about COTI. COTI is exactly on the way to our main target as we predicted few days ago. Already 100%+ gain so far. ✍
In the one-hour timeframe, the price has reached a support range. We have to wait for the news results. If the news is positive, this level will be broken.Which is likely to be the case.
Multiple time frame analysis for Crude Oil. Daily/4h time frames analysis. Price action, key levels. Bullish outlook explained. ❤️Please, support my work with like, thank you!❤️
USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They...
Yesterday, oil was supported twice around 71.4-7.16, and now it is around 73, which shows that oil is still mainly range-bound in the near future. The main pressure point above is around 74.5, followed by the trend suppression point of 75.4-75.6 The short-term suppression point is 73.7 Usoil:sell73.7-74 TP:73-72.7 Prudent Trading...
Pure technical analysis. After a fairly strong bearish movement on Thursday and Friday (1 & 2 Feb 2024), USOIL touched the lower channel (D) at a price of 71.798 and seemed hesitant to continue the downward movement at the end of market closing. The formation of leg D is predicted to form rejection so that market movement will reverse to complete wave E at...
According to the formed pattern, it can be expected that with Kendley's confirmation, she entered the short trade in this range for the specified purposes.
Good evening and i hope you are well. wti crude oil bull case: Amazing day by the bulls. They broke strongly out of the bear flag and made the market always in long on the daily so i expect follow through to 78 or higher. bear case: Bears see this as a trading range and they want the market to form a lower high below 78. After such a strong move on the...
In the daily time frame, the price is in the ascending channel. By examining the lower time frames, we see that the price reacted well to the bottom of the channel. Therefore, the expectation of price growth to the specified range is not unexpected.
The core bias remains for a move up to $77, but as price action during the current rally on the 1-hour chart is choppy and has stalled near resistance, we're looking for a dip lower to around $73. Also note that the weekly and monthly pivot points are hovering above the 10/20-day EMAs, which adds conviction that an interim top may be about to form.
Preferred direction: SELL Comment: In addition to the euro and pound , the priority for selling the US dollar also applies to other majors . In this case, we will analyze USDCAD . In the medium and short term, the instrument is looking down quite confidently; we do not rule out a potential small rollback upward, but the main mood is, of course, bearish....
Dear Colleagues. The price has shown strong momentum. In the coming week I assume that the price will start an upward movement, as a result of which I expect the price in the area of 50% Fibonacci level 74.32. Last week's strong movement makes us re-draw the waves, but for this the price should make a correction to our target. Manage your capital correctly and...
WTI Oil (USOIL) gave us one of the best bullish break-out signals two weeks ago (see chart below): Since almost touching the 79.75 Resistance, the price pulled back significantly and hit (even marginally breached but never closed) the bottom of the 2-month Channel Up. With the 4H RSI making a Bullish Cross, which was the absolute Buy Signal on the previous...