Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
In this chart we draw support & resistance to calculate our entry, stop loss and target profit. so we assume a long entry and we added entry levels
For all my oil traders out there Here is what I'm thinking I am thinking that price is somehow going to find its way back down after retesting this trend line And this resistance area that has been formed at this high I am thinking the price can go down to turn over trend line 75.65$ Before the main reversal comes in because this area is where price is going to...
Looking for another repeat entry from last week. At a point of entry at the moment but will wait to see how things look at 6am gmt after the 4h close and pre london open to take it back to 78.500
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
Pair of Name : TVC:USOIL ( U.S. dollar / Crude Oil ) [ Time Frame : 4H [ Direction : Short [ Type : Swing High to IMB Price did as told we are now looking at 2% profit _________ Description We are expecting price to go down to the imbalance area. And we are expecting price to go 50% into the imbalance before making a turnover to the upside. Or price could...
Hello Traders! I set a pending for USOIL M30. I expect the price to take the PMH and after that, I will look for a short trade opportunity. The target will be the first BOSS. Waiting for confirmation. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block + trendline. Like, comment and subscribe to be in touch with my content!
Western Texas Intermediate, the US crude oil benchmark, is trading around $77.50 on Friday. WTI prices edge higher after the weaker-than-expected US Retail Sales data raise hope that the Federal Reserve will soon start cutting interest rates in coming months. WTI rebounds to $77.50 amid US dollar weakness, geopolitical risks R3 West Texas Intermediate (WTI)...
US CRUDE OIL New forecast The price of oil is finding it difficult to continue rising, showing some bearish tendency and approaching the $76.00 barrier. We believe that opportunities are available to resume the expected upward trend in the immediate term, whose next target is at 77.00, 78.00. Therefore the upward scenario will be more likely during coming...
Pair : Crude Oil Description : Double Top as an Corrective Pattern in Short Time Frame Completed Impulsive Waves and Correction RSI - Divergence Rejecting from the Resistance Level Break of Structure and Completed the Retracement
Pure technical analysis. After a fairly strong bearish movement on Thursday and Friday (1 & 2 Feb 2024), USOIL touched the lower channel (D) at a price of 71.798 and seemed hesitant to continue the downward movement at the end of market closing. The formation of leg D is predicted to form rejection so that market movement will reverse to complete wave E at...
Hi Traders! USOIL is in an ascending price channel as it looks to break back above the 75.00 level. Here are the details: The price action looks currently bullish; the market swings are getting higher, and the price is about to break back above the 20 EMA. Our idea here is to buy market dips leading up to the 20 EMA break. Short-term targets are levels around...
USOIL is trading under descending trendline. The price was reacting well the support and resistance of trendline. Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be 74.50...
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...
Keep asking me about oil. Last week I emphasized that oil did not fall below 74 and will continue to rise this week It can be seen that yesterday the lowest oil price reached around 75.8 and the highest reached around 78.2, but it did not break through 78 many times, so it can be judged that the current range is between 75.8-78.2 In an upward trend, you mainly...
Oil is still in an upward trend, wait for the right support point to buy During the recent period, the highest point of oil was 75.8 and the lowest point was 70.5. Daily line: 67.71 support point, 79.8 resistance point 4H: 70.5 support point, 76.18 resistance point These three important resistance points are 76.1-76.7-77.1 I see the possibility of oil bottoming...
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