As we can see here we have a nice breakout of channel with big candle + big volume and also we have a pullback taht make us to take this trade
Pair : US Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves and making its " 3rd " Impulsive Wave. Break of Structure and Completed the Retracement
Hi Traders! A symmetrical triangle is forming on the USOIL 1D chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the...
CRUDEOIL FUTURE - Entry - 6343 Target - 7542 Stoploss - 5800 watch it ....
Crude Oil broke and closed above a key daily structure resistance. The broken structure turned into support. We can anticipate a bullish movement from a broken structure. Next resistance - 78.40 ❤️Please, support my work with like, thank you!❤️
Hello traders, USOIL on weekly chart looks like about to break through up to finish bottom sideways price action. On 4H chart, it has just finished a leg up to break through the big triangle's pressure line and test the horizontal pressure line once. This should be good news for buyers of USOIL this week, meaning more and more buyers could probably join the...
Hello,Traders! CRUDE OIL broke out of The narrowing wedge pattern To the upside and the price Is now going up again So I will be expecting A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
WTI oil (USO/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take profit target. Entry: 75.866 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 74.128 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement...
Hello Traders, 📈 Daily chart review : - Affter a long moving in downtrend, in the present, price is near with strong support and has got many times want to pull up. - Now, it is prepairing for a breakout of the downtrend 🎯In my trading opinion: You can buy around 73-74 price zone and target is 80-81 zone. 📚 Remember that: Always follow your trading plan...
Good evening and i hope you are well. Here is a quote from my substack on Monday about oil: "Most interesting market today. I do believe its a breakout of the bear channel, beginning 2023-09, if bulls can generate follow through tomorrow/Wednesday. The trend line on higher time frames is more of an area than a narrow line with exact prices. But we are there and...
TVC:USOIL USOIL (W) will aim for the $81.5 price area With a solid pinbar candlestick pattern, most likely, oil prices will return to the 81.5 price range within the next 1-2 months before new fluctuations occur.
The West Texas Intermediate crude oil has trended mostly sideways for over a month, moving between $68 and $75 per barrel. Yet, while the situation in the Middle East and the Red Sea continues to deteriorate, the oil market keeps growing increasingly ignorant of the dangers of a broader war in the region that could further disrupt the transit of goods and oil...
Preferred direction: BUY Comment: The shorter-term view for the USDCAD currency pair is directed upward. The US dollar is still strong, and further strengthening is expected this week. The most likely scenario is growth from current levels. Less likely is a retest of the support area at the 1.34000 level. The long target is located at the level of ...
The 1H/4H chart shows that crude oil broke out of the triangle pattern and is expected to continue rising. During the day, we need to focus on the resistance at the previous high, focusing on the resistance near 75.30, and the support below is around 73.2.
Dear Colleagues. I hope you listened to my advice and took a great profit from the last forecast. And now I am considering the continuation of the upward movement. I suppose that the price will reach at least the resistance area of 76.08. Before this movement it is possible to form a corrective wave 2 in the area of 50%-61.8% Fibonacci levels of 71.66. Manage...
#USOIL.. market is in range from last 4 to 5 weeks. The reason is market have upside strong resistance. If it will continue his range trading then again drop expected from here. Otherwise if market clear upside then upside areas also mentioned. Trade wisely Good luck
Time to Brace for GDP (and USD) Downside Surprise? This Thursday marks the release of the initial estimate for the fourth quarter of 2023 GDP in the United States. If predictions hold true, there will be a noticeable deceleration in economic growth, with the market anticipating an annualized growth rate of 2%, a significant drop from the previous quarter's...
The market looking for continue ppushing up that make us see strong trendline and good bullish engulfing so i recommend you to take a buy