WTI oil (USOUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 92.946 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 88.535 Why we like it: There is a pullback support level Take Profit: 97.965 Why we like...
USOIL New forecast The price perfectly fulfills my last idea and price reached to our targets . The price of oil rose strongly yesterday to exceed our positive targets suggested in our last report, reaching the 95.00 barrier now, and we expect the upward trend to continue to achieve additional positive targets that reach the 96.60 areas.but before that we...
At present, crude oil is slightly adjusted to decline, and the possibility of continuing to decline in the short term is very small. However, as long as the market fluctuates, we can still win with scalping trading.
Crude oil continues to rise, but the high has never been able to break through 90.7. The current correction has declined, but it is still an opportunity for us to short crude oil. USOIL Sell90.6-90.4 TP1----90.1 TP2----89.6
Currently Crude Oil has experienced a surprising upward movement, a reversal actually that could potentially give rise to a retracement opportunity. The 93.75 resistance could serve as the end of the shock upwards and soon a retracement could follow, near to the level 92 USD/b. __________________________ Information Regarding Important News and Figures can be...
As the chart shows, the day before yesterday, a barrel of WTI cost USD 87.87, but this morning, the price exceeded the level of USD 93. That is, the growth was more than 6% in just 2 days. The main driver of such growth remains the voluntary reduction in oil production by OPEC+ countries. Added to this was the market's reaction to yesterday's news about the...
Whilst we retain our view that oil prices could be headed for $100 further out, the trend seems to have hit a speed bump over the near-term. WTI broke above $90 with ease yet faltered around $95 with a shooting car candle with high volume (which makes it a potential key reversal day). A bearish divergence has also formed with the RSI (2) after it reached...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 93.406 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 91.045 which is a pullback support that lies under the 50.0% Fibonacci retracement level. Take profit is at 98.134 which is a...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 88.547 which is a pullback support. Stop loss is at 87.112 which is a level that sits under a pullback support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 91.306 which is a recent swing-high resistance...
Hello There! Welcome to my new analysis about CVX on several timeframe perspectives. The oil market since the corona pandemic supply-shock dynamics has formed a important dynamic and had the ability to form a major rebound recovery with several new highs being formed and CVX having the ability to bounce into a new all-time-high. Now a big part of the dynamic is...
The oil is back in the range again. If you trade according to my range, I think you can have a great time today. Today, the oil price fell to near 88.2, and the low point was tested again, but it still returned to the range, so now we have adjusted the range, the range is: 88.3-91.2 The adjustment of the range range increases the success rate of our trading....
The correlation between WTI and Canadian Dollar seems to be breaking down, at least in the short term. Not sure the reasons for this, but posting to hear thoughts. For those unfamiliar with the WTI/CAD correlation, I have added some context. The Correlation: How Are They Connected? Commodity-Driven Economy : Canada is known for its abundant natural...
Need to do some more work on this, but was mentioned to me about the negative correlation between WTI and Consumer Sentiment. Not trading recommendations or advice. I am posting this to open up for discussion the possible correlations/relationship between the two.
✅USOIL is trading in an Uptrend and oil has just Broken the key horizontal Level of 93.24$ which combined With the Saudi's move to keep The prices higher makes me Think that Oil will go up even more LONG🚀 ✅Like and subscribe to never miss a new idea!✅
WTI crude futures surged by 3.5% on Wednesday, briefly reaching above $94, marking their highest settlement price of 2023. This impressive rally followed the release of EIA data indicating a larger-than-expected decrease in US crude inventories, showing a 2.17 million barrel drop in the past week. In parallel, Brent crude futures saw a substantial increase of...
Introduction: Hey there, fellow traders! We've got some exciting news to share that'll make you want to jump on the oil bandwagon. The oil market has been buzzing lately, and we're here to shed light on how the recent developments are creating a golden opportunity for all you savvy investors out there. So sit back, relax, and let's dive into the world of oil! ...
looking for a deeper correction by 2024 , then new record highs .
Dear Colleagues, I assume that the price is in a wave 5 movement. The nearest target is the resistance area at 92.48. Manage your capital correctly and competently! Only enter trades based on reliable patterns!