Yesterday, oil was supported twice around 71.4-7.16, and now it is around 73, which shows that oil is still mainly range-bound in the near future. The main pressure point above is around 74.5, followed by the trend suppression point of 75.4-75.6 The short-term suppression point is 73.7 Usoil:sell73.7-74 TP:73-72.7 Prudent Trading...
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...
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
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...
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
US CRUDE OIL New forecast The price of oil continued to decline, breaking the 71.00 level and returning to the descending channel again, confirming the dominance of the bearish trend in the upcoming trading and heading towards achieving negative targets up to 69.15 and extending to the 67.43 level. Therefore, we expect to witness further decline in the...
Crude oil prices remained weak in Asian trading on Tuesday and are currently trading around 72.6. During the day, we will pay close attention to the US PMI to be released later on Tuesday. Later this week, the Federal Open Market Committee (FOMC) meeting minutes will be closely watched ahead of Friday's U.S. non-farm payrolls (NFP) report. The crude oil market...
Crude oil has reached a crucial support level, prompting buying activity. usoil buy@71.5-71.8 sl:70.8 tp:72.3-72.8 If your long-term trading account is still experiencing losses, do not miss out on the upcoming profit opportunities. I will continue to provide accurate signals. Feel free to share your current account situation, and I can devise a plan to help...
The crude oil market is currently at a crossroads, balancing geopolitical tensions in the Middle East with economic factors and policy speculation. Although oil prices fell in early Asian trading on Wednesday, they surged more than 2% earlier this week to reach their highest level this month. Inventory reports further affected the market outlook. Forecasts show...
The crude oil has exhibited an upward breakout trend. I am currently taking a long position, aligning with the prevailing trend. The previous resistance at $75 has now turned into a support level. I am initiating a long position in this area today. usoil buy@75-75.3 sl:74.3 tp:76-76.5 With a track record of signaling for an entire month, achieving an accuracy...
Today, crude oil has followed the morning analysis, rising after reaching around 73 and currently breaking through $75, testing the resistance at $75.5-$76. Personally, I suggest considering a short position if it reaches this area today. Crude Oil Trading Plan for Today: USOIL Sell @ 75.5 Stop Loss: 76.1 Take Profit: 74.8-74 I've been consistently sending...
Angola said it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group's efforts to support prices by limiting global supply. In the 4-hour chart, after falling below the middle track and back-testing the lower track, it holds the sub-low and rebounds above the lower track to regain the middle...
After a decline following the reach of $75 per barrel, crude oil is currently maintaining a range-bound pattern. The trading range for this week is focused on $72.6-$75. Today, consider buying when oil reaches $72.6-$73. Today's Crude Oil Trading Plan: Buy USOIL @ $72.6-$73 Stop Loss: $71.8 Take Profit: $74-$75.5 I consistently provide signals for a month,...
Yesterday's data on crude oil indicated bearish sentiment, exerting downward pressure on oil prices. Currently, the resistance zone for crude oil is between $74.5 and $75. Attempting to short crude oil today. USOIL Trading Plan: Sell USOIL @ 74.5-75 Stop Loss: 75.4 Take Profit: 73.8-73 Consistently providing signals for a month with an accuracy rate exceeding...
Yesterday, the conflict in the Red Sea region of the US market escalated, and a cruise ship incident occurred, so gold and crude oil rose sharply. However, the biggest impact of this incident was on energy, and the impact on gold was limited, So, crude oil breaks through the technical suppression of the 4H mid-track and continues the upward trend. On the weekly...
This morning, I issued a buy signal for crude oil at 72-72.5, and it successfully reached the target level. The ongoing downtrend continues to present buying opportunities. I will consistently deliver accurate signals, so don't miss out. With a month-long track record of signal delivery, boasting an accuracy rate exceeding 95%, my market analysis is sufficiently...
As you can see we have a good probability to buy USOIL at these levels , we have a good up trendline and made a pullback on strong key level so manage your risk and enter