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
Last week, West Texas Intermediate crude oil reached our price target of $70 and slid as low as $68.83 per barrel. After this route, USOIL has slightly rebounded and currently trades near the $71.50 price tag. In the very short term, we acknowledge a potential for the price to continue higher. Indeed, this would be consistent with a natural occurrence of the price...
WTI Crude Oil is rebounding after breaching marginally under the 0.786 Fibonacci. That is the retracement level of the ranged price action long-term in the last 12 months. Symmetrically, it is a strong rebound level as witnessed on the December 9th 2022 low. Trading Plan: 1. Buy on the current market price. Targets: 1. 77.50 (projected contact with the MA50...
Crude oil is on support and has chance to goes up again. Trade safe. Have a good week.
The price of USOIL is edging toward $70 per barrel, which is our price target for 2024. However, it is becoming increasingly possible that we will see this price taken out even by the end of the current year. With that said, we want to raise another price target for the next year, valued at $65 per barrel. Illustration 1.01 The monthly graph above shows the...
US oil is in the best place for long positions. the target is 78$
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...
✅CRUDE OIL is trading in a Downtrend and is now Making a bullish correction But a strong horizontal Resistance is ahead from Where I will be expecting Bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, in the coming week we are monitoring USOIL for a selling opportunity around 72.30 zone, USOIl is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 72.30 support and resistance area. Trade safe, Joe.
USOIL - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long USOIL Entry - 71.32 Sl - 69.28 Tp - 74.32 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Crude Oil dropped yesterday, as I predicted. In fact, the market is trading in a bearish trend on a daily. A breakout of a horizontal support of a wide horizontal range was a strong trend following signal. The next support that I see on a daily is 67.5. It will most likely be the next goal for the sellers. ❤️Please, support my work with like, thank you!❤️
Crude oil (USOIL): Crude oil opened at 69.7 today and rose by 7 US dollars in the morning. Yesterday, we planned to go short near the daily pressure of 70. In the afternoon, it broke through the 70.4 line and stopped falling at the 68.8 line in the evening. We successfully made a profit, but It did not fall to my ideal point of 68, but has since rebounded and...
My overall sentiment for Oil remains Bearish, though my midterm sentiment has been Bullish, as I think WTICOUSD needs to come back up to revisit some of the highs above 100 and face one last rejection from those levels before I will be fully convinced of oil making significantly lower lows. For the time being, Oil has dumped below last week's range but is now...
Hello,Friends! The BB lower band is nearby so USOIL is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 73.65. ✅LIKE AND COMMENT MY IDEAS✅
Yesterday, the market rose first and then fell in the evening. It once reached the 69.10 line below and is still rebounding slightly. Now there is a desperate counterattack signal at the 69.10 line. It is expected that a rebound is about to happen. It depends on the strength of the short-term rebound. The short-term general direction remains unchanged. In the...
From a technical point of view, the oil is already oversold You can try to buy oil gradually at 69.4 now and control your position, so that your success rate will be greatly increased. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
I recommend you to sell USOIL at this levels as you can see we have a big probability to continue pushing down as result of trendline and made a small pullback on key level
Nat Gas inventories today showed higher consumption, Hitting technical support and oversold on daily RSI. Oil gained 0.5% but it was a weak bounce considering the Dollar was weak.