Somehow we managed to find support just below $68 and guaranteed divergence on daily and weekly (bullish hidden divergence) For further confirmations of growth, like last time, the price of $77 and $80 is important. The 50weekly MA, 200 Daily Ma encounter very strong resistance, so be careful.
WTI Oil (USOIL) hit our 73.50 short-term Target that we called on December 07 (see chart below) but remains within the 2 -month Channel Down: On the wider 1D time-frame, we can clearly see that the price is still inside the 9-month Buy Zone. The tendency is that when the 1D MA50 (blue trend-line) breaks after dipping within the zone, the price approaches the...
Crude oil fell last week, the weekly cross small Yang K line to stop falling and start to stabilize, after a continuous decline, a slight short-term rebound. A strong rally held the 67.70 low and established support in the previous low area. A small wave of sun line initially recovered the last big Yin K line and recovered the apex of the big Yin line. The...
#GALUSDT UPDATE GAL is getting good volume. Now staying a resistance level. After breakout we can see gain upto 30%+✍
Hello,Traders! CRUDE OIL went up from The horizontal support of 68.09$ But is now retesting the Horizontal resistance of 72.70$ From where I think we will see A local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
It has come to our attention that several shipping companies have temporarily halted their operations in the Red Sea, leading to a slight disruption in the transportation of oil. As you are aware, the Red Sea is a crucial shipping route for oil tankers, connecting major oil-producing regions to global markets. Any disruption in this route can have far-reaching...
TVC:USOIL TVC:DXY Hello Traders. Let's continue our analysis of USOIL. Before we predict next week, let's take a look at oil chart's trend along with the DXY index. The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285) ...
✅CRUDE OIL went up recently But the price will soon hit a Falling resistance line from Where a local move down Is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Dear colleagues, I suppose the price will go higher still. A Pin-Bar has formed on the chart. It means that buyers are not giving up their positions. I expect the price to reach the resistance area at 73.92. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WTI Crude Oil continues to trade inside the Channel Down that started after the September 27th High. The MA50 (4h) recently supported the price and provided today's rebound. Based on the prior bullish leg, one last pull back remains in order to test the top of the Channel Down. Trading Plan: 1. Buy on the MA50 (4h). Targets: 1. 75.00 (MA200 (4h) and top of the...
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...
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Looking at the four-hour trend, crude oil is still running in a downstairs structure, with the upper resistance at the 72.8-73.4 area. Only a further breakthrough can change the overall trend. However, because crude oil has a large V-shaped reversal at low levels, bulls still take the initiative in the short-term trend; the short-term watershed between long and...
My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 71.22 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 69.33 Safe Stop Loss - 72.37 About Used Indicators: The...
Crude Oil formed a double top pattern on a solid horizontal resistance. Its neckline was violated with a strong bearish imbalance. We can anticipate a bearish movement to 70.6 ❤️Please, support my work with like, thank you!❤️
Hello Traders, Base on technical and wave analysis we see this scenario for #BitCoin for next move. 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.
WTI oil (USOUSD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 72.687 Why we like it: There is an overlap resistance level Stop Loss: 74.111 Why we like it: There is an overlap resistance that lies above the 50.0% Fibonacci retracement level Take Profit: 67.958 Why we...
Crude oil Gapped upon market opening due to Russia making a statement on Sunday stating they will potentially do a 50,000 Barrell cut a day for the month of December; amid Moscow suspended about 2/3 of its main export grade of crude from parts due to a storm and scheduled maintenance on Fridays. Oil gapped to 72.47 touching our first TP on the pivot...