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
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....
Hello traders, See there are two pattens on this 4H USOIL chart. One is the RED ABC wave was expected down to break low of last week. The other one is the Cypher Pattern to drop from D position. None of these patterns really happened. USOIL just retest the low of last week and start to rise from there without any stop. Now it is sideways in a small range in...
Expectations of tighter crude oil supply and an uncertain economic outlook have caused demand concerns. At the same time, crude oil continues to be hit by the double blow of the appreciation of the US dollar and expectations of interest rate hikes, and the impact of a rapid tightening of supply is offset by market investors' low risk appetite for higher interest...
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 .
U.S. oil WTI once fell below $89 and pushed down to $88. It fell as much as $1.48 or 1.7%. After turning up, it returned to the psychological integer level of $90. The more actively traded Brent December futures once fell to US$90 or fell as much as 1.6%, then turned higher and then returned to US$92. The futures about to be delivered after expiration turned...
It can be seen that crude oil reaches the 90.50 area and starts to fall. If it breaks through the support point of 90.00 area, it will continue to fall. This is the time to go short. Follow up.
USOIL OUTLOOK The price of oil opened today's trading with additional positivity, surpassing the 91.14 level and settling above it, confirming the cessation of the bearish corrective scenario and heading towards achieving expected gains during the coming sessions, targeting visiting the 92.48 level as a first major station. Therefore, an upward bias will be...
Hello traders, USOIL seems hard to push for a new high before a correction. Check the weekly outlook, it is going to reach the low of last week. Breaking through it will make it possible to reach the bottom FIBO ext 1.414-1.618 position where we were expecting with little chance. GOOD LUCK ON LOOKING FOR ENTRY TO SELL. LESS IS MORE!
The oil supply outlook remains tight, with Russia and Saudi Arabia both cutting output through the end of the year, while the number of operating oil rigs in the United States has dropped to its lowest level since the end of the year. U.S. refiners are also cutting production capacity, further tightening supply. While these factors are expected to continue to...
Oil is still fluctuating in the range, reaching a minimum of around 89 today. The oil has not chosen the direction yet. Last time we judged that the oil was going to test near the support point of 88.9. Now the oil is near 89.9, and the direction is still not confirmed, so this range is still valid. You can still sell at the high point, buy at the low point,...
USOIL OUTLOOK The price perfectly fulfills my last idea and price reached the second target . The price of oil reached the verge of the second expected target at 88.04, awaiting the resumption of negative trading to break the aforementioned level and open the way for a further downward correction, recalling that the next target reaches 87.20. Therefore, we...
USOIL stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07 stabilizing under 90.43 will support falling to touch 88.73 the 87.64 Pivot Price: 90.43 Resistance prices: 92.19 & 93.27 & 95.07 Support prices: 88.73& 87.64& 86.08 timeframe: 4H
Thanks to many traders for their support, please remember to give me a like, thank you very much. Can the current short-term crude oil supply shortage be resolved? Demand expectations need to remain cautious. The daily trend of crude oil is temporarily maintained at a high level, and the current price range is temporarily compressed between 91-90 on the 4-hour...
US OIL OUTLOOK Oil prices rose on Monday as investors focused on expectations of tighter supplies after Moscow issued a temporary ban on fuel exports amid continuing concerns that another interest rate hike could dampen demand. Technical abstract : We note that the price of Oil was unable to continue the rise, recording a lower peak and providing signs of a...