Crude oil technical analysis Daily resistance 82-83.4, support below 80-77 Four-hour resistance 82-82.5, support below 80 Crude oil operation suggestions: The overall price of crude oil maintains a narrow range of fluctuations. In the short term, the oil price stands above the 80 mark, and still maintains a wide range of long and short fluctuations. Pay attention...
Judging from the current pattern, a head and shoulders bottom pattern is expected to appear. This bottom has already appeared, but it is not ruled out that the bottom of the head and shoulders bottom pattern will be constructed with a double bottom pattern (or slightly lower than the previous low). Regardless of the above situation, in the end, the price rise...
The price has fallen sharply and is close to the previous sideways range. This range has a certain support effect, so the transaction can start buying here. This range is roughly around 78.4-77.6. The current price is 78.6. You can enter in small amounts. When the price enters the support range, increase the order and target around 79.4-79.9.
USOIL HELLO TRADERS Tendency after the price breakout , indicates the price is under bearish pressure TURNING LEVEL : there is a purple line around 82.84 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level RESISTANCE LEVEL: there is a green line around 85.25 , indicates...
The API data released today is favorable to OIL bulls. During the US trading hours, the EIA data will be released. Judging from the same direction of the data, the EIA data will also be favorable to bulls. I currently hold USOIL longs and have a small profit. Since the API data is significantly bullish for oil, in this case, the probability of EIA bullish will...
Crude oil technical analysis Daily resistance 83.4, support below 79 Four-hour resistance 81, support below 81.3-80 Crude oil operation suggestions: Last Friday, the overall oil price fell first and then rose, breaking through the 82.7 mark, and then fell back and bottomed out, breaking through the 81 mark and closing weakly. The overall price showed a...
Located in the downward channel, the resistance is at 83.3-83.5. You can continue to short in this range, and set the target at 82.6-82.3. Then observe the resistance near 82.8. If the rebound process does not break through the resistance, you can sell again, with the target near 81.9.
Oil analysis Time frame 4 hours and 12 hours Middle oil oil broke and stabilized its 12-hour trading range. Now it has formed a new 4-hour trading range, the supply and demand areas of which are clear in the picture. The price is expected to return to the limit of $80.7 and move towards the target of $84 by filling the FVG.
Technical analysis of crude oil Daily resistance 83.4, support below 77.5 Four-hour resistance 82, support below 80.7-79 Crude oil operation suggestions: After a bottom rebound in the daily chart of crude oil, the upward momentum has slowed down. Short-term is accompanied by a second roundabout retracement confirmation. The daily chart uses the middle track as...
Oil analysis Time frame 1 hour, 4 hours and 12 hours The price of oil can move up to $84, but there are 1-hour and 4-hour resistance on its way. The ranges of $79.6 and $78 can support the price for upside targets.
Crude oil technical analysis Daily resistance 83.4, support below 77.5 Four-hour resistance 81, support below 80-77.5 Crude oil operation suggestions: Crude oil slightly rose to 81 yesterday, and then fell back and fluctuated sideways under pressure. The overall price support stabilized above the 80 mark, showing a strong bullish oscillation rhythm. The...
hi we are monitoring for long term investment usoil its best pair for long term investment now its showing weekly time frame chart ascanding triangle pattren we have best buying opportunity around 67 for long term investment not for short term long term investors can hold for this buying opportunity for big targets upto 123 to 180 for more updates stay tuned...
World oil fees extended 2% at the buying and selling consultation on June 6, after the European Central Bank (ECB) determined to reduce hobby fees, elevating hopes that americaA Federal Reserve (Fed) will comparable action. Meanwhile, ministers from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, reassured traders that...
Crude oil continues to run in the 77~80 range, waiting for a breakthrough, continue to sell high and buy low Crude oil technical analysis Daily resistance 79-80, lower support 76.8 Four-hour resistance is 79-80, and support below is 77-76.8 Crude oil operation advice: Crude oil was under pressure at the 79.2 mark yesterday and ushered in a weak and volatile...
Oil continues to buy at low levels NYMEX:MCL1! NYMEX:CL1! BLACKBULL:WTI
USOIL: Short-time period oil fees are at the manner to convalescing to BSE:EIGHTY because the marketplace is presently watching for the subsequent OPEC+ meeting. However, the chance of a lower is fantastically excessive due to the fact OPEC+ nations have nearly all showed the growth in production. This will probably reason oil fees to drop even lower. Consider...
USOIL: Oil fees have became down. In the fast time period, there are symptoms and symptoms of breaking the preceding growing channel. Besides, the fast-time period accumulation region around $77 -seventy nine is likewise displaying a main weak point withinside the context that OPEC+ has finished its discount goal and is making plans to boom production. In the...
Oil prices have now entered a buying range. People who were long oil started buying. The target is above 78.3.