Crude oil (USOIL): Yesterday, crude oil broke through the 68 area, reaching the lowest position of 67.7. Today opened at 69.8, and the amplitude of five or six dollars in the morning was not too big. It broke below yesterday, but it did not stay too much. In the evening, the decline was gradually recovered, and the daily K closed a green line. There was only one...
According to Downtrend channel To The end of Impulsive Wave To fibonacci Retracement
Hello,Traders! CRUDE OIL is making a bullish Correction while trading in a Downtrend so we are bearish Biased and I think that after The price hits the horizontal Resistance above at 73.50$ We will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly...
TVC:USOIL chart mapping/analysis. Crude Oil reversing all gains manufactured by OPEC+ production cuts & Middle-East conflict premiums, while threatening to further capitulate due to growing macro headwinds leading into 2024.. Trading scenarios into EOY: Bullish resurgence = rally above horizontal resistance line (yellow dashed) into 23.6% Fib & upper range...
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Hi Fellow Realistic Traders. Here's my latest price action analysis on Oil! The oil market has recently witnessed a significant head and shoulders pattern breakout, signaling a clear shift towards a bearish reversal scenario. Subsequently, the price has persistently descended below the EMA200 line, affirming the establishment of a robust downtrend. Further...
#USOIL... so market hold his bottom and going for retrace, its retrace or low placed? you can see market pattern how market make pattern and dropped in history, same now we have 71.20 as upside resistance area, if market hold it then you can see again a drop from here, any buying will be valid above 71.20 keep close and manage your positions...
I recommend you to sell USOIL at these levels as you can see we have a big downtrend and we have a classic price action we wait to break a previous support and then we will force our trade
Today Crude’s price went even lower than yesterday reaching 68 USD/b and it now seems that this is the turning point to the upside. We might see a retracement completed after this long and rapid fall, back to the 61.8 Fibo level as depicted on the chart. __________________________ Information Regarding Important News and Figures can be found here in our...
Usoil Formed Head & Shoulder selling formation. Sellers can enter for Long term Selling side. Safe Traders can exit in Target 1 and can renter at retesting zone.
Crude Oil is very close to a broken support of a daily horizontal range. 72.2 - 73.0 is the area, from where I will anticipate the next bearish wave. Let the price test the underlined yellow structure and wait for a confirmation to sell from there. ❤️Please, support my work with like, thank you!❤️
WTI Crude Oil keeps falling. After a completion of a correctional movement, the market dropped again and violated a key horizontal support. After a breakout, the price formed a narrow horizontal range on an hourly time frame. Its support breakout is an important intraday confirmation. We can anticipate a bearish continuation to 67.3 level now. ❤️Please,...
#USOIL UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #USOIL. Crude Oil reached on the major level of structure where price reversed multiple of time. Also it had done the change of character pattern in the HTF. So, we can see a small retest again to break this level and we can make profit from...
USOUSD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 67.038 Why we like it: There is a pullback support level Stop Loss: 64.192 Why we like it: There is a multi-swing-low support level Take Profit: 72.437 Why we like it: There is a pullback resistance level Please be advised...
Before, I have notified that oil can be bought gradually starting at 69.4 Oil reached a minimum of 68.8 yesterday. If you follow my strategy to buy gradually, you have made a lot of profits now. There is currently a lot of resistance near 70.8-71. Judging from the chart, oil has temporarily moved out of the downward trend, but it needs to be observed whether...
Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 1234 " Impulsive Waves and Rejection from Upper Trend Line. We have Retracement for Break of Structure. Entry Precaution : Wait for the " 5 " Impulsive Wave
Crude oil (USOIL): Today opened at 71.1, the Asian market rose by 6 US dollars, the daily chart continued to rise, the upper pressure is in the area of 72.2-72.3, today we will first see whether the upper resistance is effective. I will update the crude oil signal later