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...
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
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.