WTI oil (USOUSD) is falling towards a pullback support and could potentially break below this level to drop lower towards our take profit target. Entry: 75.870 Why we like it: There is a potential breakout level Stop Loss: 78.437 Why we like it: There is a pullback resistance that sits above the 23.6% Fibonacci retracement level Take Profit: 72.714 Why we like...
The crude oil's 4th wave dip seems to have found the right area from where it might look to reverse and then rise towards the 97-100$ mark in the pending wave 5. The rise from the MAY bottom may look like a corrective ABC to many but in this chart i considered taking the wave 1 rise in May as a leading diagonal(more clearly visible on hourly and 3-hour charts),...
Looking for an entry within the next couple of days, considering that this is a metal, my stop is fairly tight 200 pips stop lol. However, after carefully taking steps to understand how markets fluctuate, at premium zones, I've decided to make my potential last trade of the year on xpt/usd. There are no fundamentals behind this...this is pure technical, lately...
Oil, I have been reminding that it is a downward trend. After falling below the important support of 80 yesterday, it accelerated its decline, reaching a minimum of 76.5. Now that the trend has appeared, follow the trend and wait for the intraday rebound to sell.From a technical point of view, the unilateral suppression points of the daily line are 77.8, 78.3,...
Hello Traders In This Chart XTIUSD HOURLY Forex Forecast By Forex Planet today XNGUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
West Texas Intermediate crude oil hit our price target of $80 and continues to slide lower. At the moment, it trades slightly above $76, which marks a decline of nearly 20% from the highs in late September 2023. Today, we want to talk concisely about two things. First, China’s demand for oil began to slow down again after slightly picking up during the summer,...
Crude Oil just printing another LOWER-LOW. 78 support line became now a resitance zone , so we can see 73-74 zone , very soon. Also OPEC anounced that they estimate an increase in barels per day in 2024-2025 , that is a bearish info beacause they already cut the production every month and the price is still in down trend, so with an slower economy also the demand...
The price of oil continues to fluctuate around the 77.83 level, waiting for a break of this level to confirm the rush towards our next targets, which start at 75.49 and extend to 73.80 as the next main stations, keeping in mind that the continuation of the bearish wave depends on stability below the 79.18 level. The general trend expected for today:...
Crude oil has been in a downward and volatile trend recently, and the increase in U.S. crude oil production has eased the market shortage. Although the Palestinian-Israeli conflict has played a certain role in raising oil prices, major oil-producing countries in the Middle East such as Saudi Arabia and Iran have not participated in the war and have not jointly...
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURJPY. EURJPY is making channel Pattern and now this is at the top of the channel Pattern. Here it has Maximum chances we can see a good drop in price. In this drop we can see price around 159 soon. Keep in touch we will update further soon.
Potential retracement opportunity for Crude oil considering that the resistance at 77.5 has been broken indicating a signal to the upside. The price has experienced a sharp fall recently and a strong support is currently preventing the price to fall further. Technically and considering the volatility of Crude oil's price, a retracement should take...
Hi Traders! USOIL is slowly pulling back to its three-month low at 77.68. Price Action 📊 The market's price action is currently bearish due to a few signs. The market recently had a trendline support momentum break after a very strong uptrend period, which has led to lower highs and lower lows. Finally, the market broke under the 20 EMA and has failed to go...
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USOIL. USOIL is exactly Moving according our analysis as we predicted last time. Here it has maximum Chances we can see a good support at 75 price level. If it breaks this level we can see price around 65 to 68. Keep in touch we will update further soon.
After crude oil rose from a low of 80.66 to 82.24 yesterday, it has been unable to break through the key resistance level and began to fall to the bottom again today. Yesterday's upward trend in crude oil was also due to the current shortage of crude oil in the market and the US market situation. Crude oil has strong support at 78.8 and resistance at 82.5....
WTI Crude Oil materialized our 78.50 short term target (chart at the bottom) and crossed under the 1D MA200. This is a breach of potentially serious consequences as it also breached the 1W MA50, so we need to monitor the closing on a weekly scale. If it closes under it, the bearish trend is very likely to be extended. The formarion of a MACD Bearish Cross on the...
In early September, we made what turned out to be a pretty accurate call on crude, predicting that $95~ was the target. CL WTI Crude Oil - Getting In Sync With The Market Makers In July, after analysis, I predicted that the target for crude in the intermediate term is actually a 3-or-4 handle, based on reading the tea leaves of yearly bars. Oil - A New...
Crude Oil arrived at destination. Now lets see if the buyers are enough stronger to keep the price over this level. If they lose this suport , the next stop will be 73.7
Here we can see a great pullback to support on Oil Closer inspection you will see a bull pennant to support. Big 1hr and 4hr divergences of indicators to today on smaller timeframes Expect to test up to 85-86 and maybe more