US Oil looks like it could be trying to hold support with a Bullish Head and Shoulders around the 61.8% Fibonacci Retrace; If it is successful I think it could make its way towards $85.50
Our overview: Definitely OPEC+ policy doesn't convince the market. Massive selloff with more tha 500K contract traded, push the price to re-test the trend/neck line. Market could enter in latera trading range. Technical signals: RSI negative, and Stochastic negative. Trends analysis: Primary(purple): downward impulsive structure wave 5, intermediate(green):...
✅CRUDE OIL is going up now But a strong resistance level is ahead around 79.30$ Thus I am expecting a pullback And a move down towards the target of 76.00$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Oil prices surged during the latest OPEC+ meeting discussions, showcasing a 1.2% rise in U.S. crude futures at $78.77 per barrel and a 1.1% climb in Brent crude to $83.78 per barrel. The market buzzed with expectations of deeper output cuts, despite existing pledges from OPEC+ members to cut global oil output by about 5 million barrels per day. The delay in the...
Our overview: Strong GDP in US, and hope on the OPEC+ meeting, offset the build in crude stockpile. A bigger then expected production cut would push for a Christmas rally. Today is mandatory stay neutral at least till is gonna be clear the OPEC+ policy. Technical signals: RSI and Stochastic positive. Trends analysis: We maintain an overall positive overview with...
Dear colleagues, I decided to update the idea. The price pushed off perfectly from the support at 74.23. At the moment I expect the upward movement to continue with the same target of the resistance area at 79.77. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
#USOIL... oil just reached at your first targeted area, keep close this level, because market further ride for selling will start below that leve, if market break and sustained below that level then downside our 2nd target will be next target, dont short now before breakage below that area, upside and downside areas are mentioned on chart. trade wisely good luck
#USOIL.. in today we have a most important event on table that is OPEN (The Organization of Petroleum Exporting Countries) and JMMC (Joint Ministerial Monitoring Committee), its totally a fundamental move expected but on technical behalf we have upside important resistance area that is mentioned on chart, if market hold it then a drop expected, overall for the...
At the beginning of the week, trading with 'LONG' order Usoil 75$ grew according to Plan, profit analysis 78$ (300Pip) In the current price range, you can refer to the short-term 'Short' at 78.8 - 79$ The Usoil zone returned to the buying support price zone around $76
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
the only real money is energy. Venezuela is opening a new front in Latin America, 44 years of stealing oil-rich countries is over. ...
USOIL / 1D Hello traders, welcome back to another market breakdown. USOIL Broken from the range and the price now is in a deep-pull back. I'm watching these 2 levels as showen in teh chart for a long position after I get the first confirmation. Trade safely, Trader Leo
Rudyard Kipling wrote in his famous poem, “If you can keep your head when others are losing theirs and blaming it on you, then you’ll be a man, my son.” Shocks from OPEC decisions can leave even the experts on the edge of their seats. Short-dated options on crude oil are tailor made to address and manage such idiosyncratic risks helping each trader become a man...
Prefer the more horizontal head and shoulders but never the less this looks like a good breakout with a target at +- $82.50
Hello enveryone, We have identified a strong long signal on the 4-hour chart for Crude Oil futures. This trade falls under the category of a swing trade, with dual targets: the first at $80 and the second at $82, expected within the next few days. IBROURI ABDESSAMAD
Yesterday I said that oil has broken through the downward trend, and now it is blocked from falling in the middle of the trend line. If it continues to fall, we need to observe the support strength of 76-76.3 So you can buy gradually in this range, because the OPEC meeting is still uncertain, if it falls below the range, you need to strictly set the stop...
Overview: After several tentative, finally the trend line has been broken. Yesterday's CoT report (Commitment of Traders) highlighting that commercial and not commercial are reducing their net long positions in options. This could be a signal that area $73/$75) is an accumulation's area, at least for the current conjuncture, confirming our strategy. Eye on API...
My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 75.13 Bias - Bullish Technical Indicators: Supper Trend gives a precise signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 76.80 About Used Indicators: On the subsequent day, trading above...