Navigating the Oil Market: Current Trends and Future Outlook The recent two-week rally in WTI oil prices seems to have hit a pause, prompting a closer examination of the US oil market, China's economic activities, and the global supply side of the oil sector. In this report, we will delve into the factors influencing WTI prices, evaluate its future trajectory,...
Good evening and i hope you are well. Here my commentary from last week: The bulls got their big breakout and we made 4.65 points last week. The next obvious target is 80 where i expect sideways movement. I also don’t think we can get there without a pullback first. Target for that pb is around 76.5 - 77. We can also just trade sideways in a tighter range but i...
Hello guys , it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf. if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity . Update the PULLBACK was done exactly as expected am waiting for...
Uranium ore trades is at records highs, as several hedge fund managers are expanding their allocations to uranium stocks, with a conviction that an increasing embrace of nuclear energy as part of a "green" future - along with geopolitically-rooted ambitions to reduce dependence on Russian oil and gas -- means the trend has a lot of room to run. On Wednesday,...
The analysis of the USOIL chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️
Dear colleagues, I have redrawn the waves as a consequence of the change in the trend direction. I believe that the price will still resume the upward movement, but for now I expect the completion of wave B in the area of 72.32. Before this movement, a test of the resistance area of 75.95 is possible. Manage your capital correctly and competently! Only enter...
#MAGICUSDT UPDATE Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about MAGIC. MAGIC is exactly on the way as we predicted. Already 20%+ gain so farm we can see again here upto 55%+✍
Keep asking me about oil. Last week I emphasized that oil did not fall below 74 and will continue to rise this week It can be seen that yesterday the lowest oil price reached around 75.8 and the highest reached around 78.2, but it did not break through 78 many times, so it can be judged that the current range is between 75.8-78.2 In an upward trend, you mainly...
Oil prices are up slightly today, but still heading for a bad week. This is because: China's economy might not do well: People are worried that China's building problems will hurt its growth, which means they might buy less oil. (China is the biggest oil buyer!) OPEC hasn't decided how much oil to sell yet: They'll make a choice in March, but until then,...
The United States’ decision to conduct airstrikes earlier this week against targets in Somalia and Yemen provoked more aggression from Houthi rebels, who engaged in multiple new attacks against commercial vessels in the Red Sea and the Gulf of Aden. Following that, Yemen’s rebels claimed a successful hit to the U.S. military ship, which the United States quickly...
Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 72.58. ✅LIKE AND COMMENT MY IDEAS✅
In today's trading session, our focus is on USOIL, where we're eyeing a potential buying opportunity around the 72.30 zone. USOIL has been steadily advancing within an uptrend, and at present, it's navigating a correction phase, gradually nearing the 72.30 support and resistance area. This correction presents an opportune moment to consider a long position,...
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. Completed " 1234 " Impulsive Waves at Fibonacci Level - 38.20% or Previous Strong Resistance. Divergence in RSI
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 76.37. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 81.90 level. P.S Overbought describes a period of time where...
👆👆👆 #CADCHF UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about CADCHF. CADCHF is exactly on the way to our main target price as we predicted. Already 100Pips+ gain so far. Now is against ready for next Bullish wave. We can see gain here upto 200Pips+ easily. Keep in touch we will update further soon
WTI Oil (USOIL) gave us the most optimal buy entry last time we made a call on it (January 22, see chart below) and almost touched the 79.40 Target before pulling back: The pattern that has emerged is a Channel Up that started since the December 13 2023 bottom. The recent top at 79.30 is a technical Higher High for the Channel Up and the rejection has started...
Hello traders, USOIL is getting more and more bullish NOW. Check on this weekly chart, all price action is above the support line. And last week, usoil has finished with a strong bullish candlestick and price positions are all above EMAs on weekly chart. Try not to short USOIL this week, and follow the new trend just start, you could get more than you can...
💹 Forex Quick Check: #USOIL 📉 Trend: Short Term Bullish Turn 🚀 Action: Long @ 75.50 🎯 TP: 81.77 t 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #USOIL. USOIL is in the newly formed uptrend. We can see that it breaks the major zone and hit the major resistance line. Now it's going to retest the mentioned major...