Crude oil is coming down now making five subwaves down from 80.00 so there can be some support not far away as higher degree corrective decline from October highs can come to an end soon. There is also a potential leading diagonal, which is a bearish structure, but still suggests that the market can stabilize a bit. RSI divergence also suggests that bears are...
Preferred direction: BUY Comment: Market participants could observe a significant intraday drop yesterday. As a result of such a collapse, today the instrument is trading near its annual lows. It should be noted that a significant recovery is not expected, but it is also unlikely that there will be another deep breakdown downward in order to update the same...
Personal operation suggestion: Sell at 70.20. Stop profit 68, stop loss 71 Other strategies private message background
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...
#USOIL Trade Idea ...........................................................
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...
Americans could breathe a sigh of relief with gas prices set to be more affordable this year. US gas prices hit their highest 52 Weeks in August and September ahead of Labor Day, with the national average standing at $3.82 a gallon FRED:GASREGW , per AAA Gas Prices . Gasoline prices hit summertime levels in over a decade even as the driving season comes to a...
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...