🚨 Crude Oil #WTI 🗓️ Date: 12 February, 2024 ⏰ Timeframe: Daily 💡 Given in the chart – ♦️ Green (long term support) = 67.50 ♦️ Red (resistance) = 78.85 The price has been in the range (red color) on the chart since December last year. Price touched this range several times but failed to deliver a breakout. As long as this range remains active, the potential...
The top shape of crude oil has been formed and is now in the downward adjustment stage. During the day, focus on the support near 75.60, and on the upper side, focus on the resistance of 76.85-90.
US CRUDE OIL New forecast The price perfectly fulfills my last idea and price reached to our targets +120 pip . Oil price trading settled above the level of 73.72, heading towards resuming the ascending wave within the ascending channel shown in the chart, where it touched the first positive target at 75.06, and we expect the ascending wave to extend towards...
During the day, focus on the support near 76.70 to maintain a bullish attitude. The situation in the Middle East is currently escalating, and the probability of crude oil rising in the market outlook is relatively high. Above, focus on the resistance of 78.40/79.3
Hello friends, Luke here again. As a recipient of several regional trading awards, I'm excited to be part of TradingView where I can share my strategies with you daily, hoping to be of assistance. I've previously emphasized a bullish target for crude oil at $80. Currently, the upward trend is clear, and dips should be seen as opportunities to go long. The buying...
🔴 Oil jumped as the US and its allies launched airstrikes against Houthi rebels in Yemen, retaliating for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway. President Joe Biden said strikes had been conducted against a number of targets used by the Iran-backed group, with US officials saying radar sites and...
Hello, friends. I'm Luke, a former champion trader in multiple regions, and I'm delighted to join TradingView to share my strategies with you every day, hoping to provide assistance. This week, I've analyzed that crude oil is expected to continue rising to the range of $78-80 per barrel. Today, it has reached a high of $77.5 per barrel, and I remain optimistic...
Pair : US Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves and making its " 3rd " Impulsive Wave. Break of Structure and Completed the Retracement
The 1H/4H chart shows that crude oil broke out of the triangle pattern and is expected to continue rising. During the day, we need to focus on the resistance at the previous high, focusing on the resistance near 75.30, and the support below is around 73.2.
Global energy markets continue to be rattled by the growing likelihood of supply constraints, with successful attacks in Ukraine on Russian oil infrastructure highlighting how easy it is to disrupt broad energy supply chains. WTI tested multi-week highs on Monday as market tensions mounted. The short-term (1H) trend of crude oil has recovered, and oil prices have...
Hello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance. Crude oil has established a bottom around $70, and those who bought in heavily near this level have already reaped substantial profits. Personally, I anticipate oil to stabilize around $80...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: As we can see here price changed the character after taking sell side liquidity and started to form higher highs and higher lows. Now I look for a long position if price makes a retracement to fill the imbalance and then to reject from bullish order block. Like, comment and subscribe to be in...
US CRUDE OIL New forecast Oil price is trading positively, breaching the 72.90 level after failing to hold below the 70.82 level, and now it is trying to consolidate above the 73.88 level, providing signs of activating the positive scenario for the rest of the day, on its way to visiting the 75.06 levels, then 76.77, and 78.00 as the next main...
Pair : US Oil Description : Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line. Completed " 12345 " Impulsive and Making its Correction. EXP FIAT in Short Time Frame and Rejection from Upper Trend Line. Divergence and BOS
Selling near 71.6 in the morning has already made a profit of 60pips. In terms of crude oil, we will pay attention to the resistance of 72.20-72.30 during the day. The support below needs to be towards 70.90. If it falls below, it will continue to fall by 70~70.5. Original post: The current trend is dominated by bears.
US Crude Oil New forecast Oil price trading stabilizes below the broken support at the level of 72.90, so that the bearish trend scenario remains valid and effective for today, which targets levels of 70.18 and then 69.15 as the next main stations. and to confirm the bearish trend it should stable under 70.82 level and then our targets will be activate...
US CRUDE OIL New forecast The price of oil ended last Friday's trading with strong negativity to settle below the 72.90 level, which places the price under the expected negative pressure in the immediate term, pushing the price to achieve negative targets starting at 71.00, and by breaking it, it will extend far to the 69.15 areas. Therefore, a bearish bias...
The U.S. EIA crude oil inventory unexpectedly rebounded. Although oil-producing countries such as OPCE+ and Saudi Arabia are fully confident in stabilizing the crude oil market, the market performance is poor and the demand side is relatively weak. As a result, oil is currently in a range-bound state. Usoil:sell72.75-73.1 TP:72.3-72 SL:73.3 In volatile market...