USOIL prices have been on an upward trend in recent weeks, driven by supply concerns and geopolitical tensions in the Middle East. The price has approached a key resistance trendline area, where a breakout or pullback could occur. If the price breaks above the resistance trendline area, it could signal a continuation of the uptrend, with potential targets at...
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Financial markets are bracing for the uncertainty surrounding Iran's recent strike on Israel and the potential for retaliatory measures. Mohamed A. El-Erian, Chief Economic Adviser at Allianz, remarked that the current situation may lead to elevated gold and oil prices, alongside lower US Treasury yields and stocks compared to what would have been expected...
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...
Forecast: Return to Bullish Trend (Daily) Invalidation Level: 75.72 Only buy when the price is close to these levels: 82.99; 80.31.
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️
Crude Oil is consolidating after a strong bullish wave. The price formed a horizontal range on a daily. Next week, wait for a breakout of one of the boundaries of the range for a confirmation. Bearish violation - a daily candle close below a support of the range, will give you a strong bearish signal. A bearish continuation will be expected to 83.0...
Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 85.37. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 87.36 level. P.S The term oversold refers to a...
Oil prices surged today, reaching their highest level since October 2023, amid heightened geopolitical tensions between Israel and Iran. The increase comes as Israel braces for a potential retaliatory strike from Iran following a recent Israeli attack on an Iranian diplomatic compound in Syria. This latest development adds another layer of uncertainty to the...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 85.10 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 85.10 support and resistance area. Trade safe, Joe.
WTI Crude Oil is on very healthy bullish levels on the 1D time-frame (RSI = 63.780, MACD = 1.930, ADX = 37.316) as well as on 1W (RSI = 60.882). This supports the notion that until 1W turns overbought, the 1D can continue to sustain the bullish sequence that started on the December 13th 2023 low. Having formed a 1D Golden Cross just this Tuesday, the last time we...
Israel has withdrawn more troops from southern Gaza and pledged new talks with Hamas on a possible ceasefire, easing concerns about the risk of further escalation in the conflict and disruption to Middle East crude supplies. The current oil 4H and 1H charts show that the possibility of oil falling is very high, and it has been in the 87-87.5 range without...
Three sons of the Hamas leader were killed in Israeli air strikes in the Gaza Strip, fueling fears that ceasefire talks could stall. However, stronger-than-expected CPI helped the dollar surge and crude oil inventories rose sharply. However, we still need to be alert to the risk of an oil price correction. The current callback can still continue to be dominated...
HELLO TRADERS !! As i can see USOIL is going to these design levels because of technical analysis and fundamentally issue around the world war escalating around the middle east and US is involved in so $ is dumping against everything even the higher inflation is giving a hard time to Americans lets see ... its just an trade idea share ur thoughts with us we love...
USOIL / 1D 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...
WTI crude oil prices rose choppily despite a somewhat downbeat inventory report from the U.S. Energy Information Administration (EIA) and a stronger-than-expected March consumer price index (CPI) report (which may further delay the Federal Reserve's first rate cut). The current geopolitical environment continues to provide support for oil prices. Crude oil...
Nice little inverse head and shoulders Yep! #Inflation is sticky & persistent High prices for goods & cost of living not only to remain high but if the #fEd starts dropping rates expect another spike up