Hello Traders! On The Weekly Time Frame The USOIL Price Reached A Strong Resistance Level (93.03 - 91.50) The Price Formed a Head and Shoulders Pattern. The Neckline is Broken. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 85.50🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Oil finally fell. When many people thought it would rise, I always believed that oil would fall. Because since last week, oil prices have been postponed last week because of the joint production cuts by Saudi Arabia and Russia, but the technical indicators show that they have been overbought. Our medium-term goal is still 86 Short-term trading...
USOIL (WTI) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 89.625 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 88.026 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Take profit is at 93.226 which...
So as said in my last view on Oil (WTI) i hit in perfect with the 80~ level. And so far the last couple of days we have gotten data and such, which made the oil stay in the 80-81 level. Thats fine, we have massive support/resistance here. But i have a feeling that we will go higher and go for the 90~ level. this could happen throughout August (start of...
Usoil formed a very popular pattern which is very useful in all pairs, Shoulder Head Shoulder on a usoil expecting a smooth sell
USOIL (WTI) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 88.026 which is a pullback support level. Stop loss is at 85.730 which is a level that aligns under the 23.6% Fibonacci retracement level and an overlap support level. Take profit is at 90.300 which is a pullback resistance level. ...
WTI oil (USOUSD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 89.437 which is a pullback support. Stop loss is at 87.500 which is a level that aligns under a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Take profit is at 92.549 which is a swing-high resistance...
Day Trade Market Condition sep 20, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend Note FOMC @2pm EST with FOMC possible the price edge to the high/low value area has been developing On Monday idea with layout the week charts
Here's a quick view of CORN vs CRUDE which has been moving together for the past ten years with some variation. With CRUDE pushing highs here (Price Inflation fears rampant) and CORN pushing new lows (Food Deflation - no fears about falling corn prices in the news warning about falling inflation), it seems obvious to put up a chart showing how these two markets...
Oil is the same as I predicted last time, reaching resistance and falling, the lowest falling to my predicted TP2: 89.2 Now oil is rising again, but I think oil will definitely adjust and fall in the end.Medium-term target is still: 86 Short-term trading advice: USoil:Sell:92.3-92.8 TP1:91.5 TP2:89.9 TP3:89.5 If my thoughts are helpful to you, please like and...
On a today's live stream, we discussed WTI Oil. The price is currently taking off from a solid horizontal support. As a confirmation, the market formed an inverted h&s pattern. Its neckline has just been broken. I expect a pullback at least to 90.6 level now. ❤️Please, support my work with like, thank you!❤️
1. Clear all drawings and indicators. 2. A horizontal resistance level, observe if price reversed at here (React Don't Predict). 3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart) 4. Price fall into Midas zone and reversed. Midas signal came out on 19Sep2023. Go Short. 5. Midas trend line still in pink. Take 50% profit at midas...
Looking like Oil is on a path to continue to outperform Gold regular target is 2.5X outperformance This is quite troubling since Gold is on the verge of a triple top breakout versus the dollar commodities supercycle? will Oil even be freely available in 20 years?? Fiat debasement? New energy technologies?
Generally if we look at it the direction is bullish, it might do a down retest and it will rise again. If the direction was under 89.90 it will go down and touch 88.11 , 86.08 then 85,00 But if the direction rised again and stabilized on 90.92 the direction will rise and touch 92.19 , 93.27 then 95.03 Resistance prices: 92.19 & 93.27 & 95.07 Support prices:...
Dear Colleagues. After last week I had to completely revise the Elliott Wave markup. Most likely, the upward movement is not yet complete. I expect a corrective wave 4 to the support area of 88.00, followed by an impulsive wave 5, which will reach at least the nearest upper level of 92.00. Manage your capital correctly and competently! Only enter trades based on...
usoil has strong growth, wait for a sell position at the top of the channel. Because the resistance level is very strong and also the ceiling of this channel can have a good profit for people who are in a selling position.
WTI Oil (USOIL) almost hit our $93 target on our last idea two weeks ago (see chart below) and yesterday reached the top (Higher Highs trend-line) of the 3-month Channel Up: The first reaction is so far a rejection that has already taken the price to the 4H MA50 (blue trend-line). This is the first contact with it in 3 weeks but it's not a confirmed sell yet...
Technical analysis about USOIL - Sep.20 - Strong resistance at 92-92.5 - Trend is so far and have got a reversal signal Waiting a retest at the top and can sell it