As I mentioned in the Weekly Outlook video, I expected the fair value gap + the bullish breaker block to hold price, and provide support for a potential rally. It chopped since Tuesday, but we've seen the bulls come in and slowly start to move price higher. I expect that price will continue that move today. I am looking for price to pullback a bit, after taking...
journey to 79.35 just begun . first target achieved send and third on the way
From a technical standpoint, Natural Gas is currently at levels where there's very very limited downside and major potential for upside. Many times when we've seen prices come to these lows, price shot up hundreds of %. It's unlikely that we'll hit 0 and therefore balance of probability suggests that going Long on Natural Gas would be a good bet! Trade Idea: -...
WTI Oil (USOIL) Closed last week above the 1D MA50 (red trend-line) for the first time since July, which technically puts an end to the October - December 2023 downtrend but perhaps that's not the strongest bullish signal we've seen now. The asset completed on Friday a Golden Cross on the 4H time-frame, the first such formation since July 10th 2023. That was at...
The fundamentals of crude oil are still greatly affected by the geopolitical situation in the Middle East. The technical aspects are still looking for high points to sell during the day. The following focuses on the resistance and support of 71.70~71.2. At the weekend, we need to pay attention to the impact of changes in the regional situation on crude oil.
WTI oil (USO/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 72.402 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 70.938 Why we like it: There is a multi-swing-low support that aligns close to the 78.6% Fibonacci...
The USD/JPY exchange rate finds support near 148.00 as bets in favor of a Federal Reserve (Fed) decision to cut interest rates are gradually diminishing. Weak inflation data could lead the Bank of Japan (BoJ) to postpone its plans to exit from accommodative monetary policy. According to the CME Fedwatch tool, traders see a 53% probability of a 25 basis points...
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...
My dear followers, I analysed this chart on USOIL and concluded the following: The market is trading on 73.39 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 72.34 Safe Stop Loss - 74.01 About Used Indicators: A super-trend indicator is plotted on either above or...
Hello,Friends! We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 70.56 level. ✅LIKE AND COMMENT MY IDEAS✅
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Price retest of 73.865 area, New York Session open await pullbacks to POi. 1hr time frame price rejection, 1 min entry after Price ChoC, and Break of structural low. TakeProfit : 72.515 (1.272 Fib Extension)
Here are the important key levels & structures to watch next week on WTI OIL. Support 1: 69.3 - 70.4 area Support 2: 67.7 - 68.7 area Resistance 1: 75.2 - 76.2 area Resistance 2: 78.5 - 79.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
In today's trading session, our attention is directed towards USOIL, specifically looking for a buying opportunity around the 73 zone. USOIL, currently in an uptrend, is undergoing a correction phase and nearing the trend at the 73 support and resistance area. Adding a fundamental layer to our analysis, the ongoing geopolitical tensions in the Middle East,...
US CRUDE OIL New forecast Oil price is trading positively, breaching the 72.90 level after failing to hold below the 70.82 level, and now it is trying to consolidate above the 73.88 level, providing signs of activating the positive scenario for the rest of the day, on its way to visiting the 75.06 levels, then 76.77, and 78.00 as the next main...
West Texas crude oil 4-hour and mid-term time frame analysis The possibility of the formation of ABC corrective wave, which is currently expected to be in wave B, and after the end of the range, it will continue to rise towards the number and range of $78 and $80 as wave C. The main and important support number and range is $70.70.
There is resistance near 73.7 above crude oil during the day. The recent instability in the Middle East is still the dominant factor in crude oil fluctuations. Below, focus on the support of 70.50. The trend of crude oil is still biased towards shock. Member complete signal will be updated later
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 71.194 which is a pullback support that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 69.900 which is a level that sits under a swing-low support and the 78.6% Fibonacci projection level. Take profit is at...