If prices continue to struggle going bullish after inventory or week come in red. I expect prices to drop into mitigation and if that happens you will see an explosive move on oil. Otherwise, they should take buy side liquidity @70.77 and come back into internal range (mitigation/volume imbalance) Mind you, if the fed also cuts rates today that will weaken...
Hello guys , it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf. if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity . lets wait and see !
With the slowing of oil production and conflict at the Nile, I think that oil prices are going to increase, if the fed decides to cut or leave interest rates unchanged this may weaken the USD and strengthen other currencies creating more demand for oil and if inventory continues to lessen you will see a further surge in oil prices. otherwise, if the fed...
WTI oil (USO/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take profit target. Entry: 75.866 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 74.128 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement...
WTI oil (USO/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 72.402 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 70.938 Why we like it: There is a multi-swing-low support that aligns close to the 78.6% Fibonacci...
WTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 71.224 Why we like it: There is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% projection levels Stop Loss: 70.041 Why we like it: There is a swing-low...
WTI oil (USOUSD) is falling towards a pullback support and could potentially break under this level to fall towards our take-profit target. Entry: 72.085 Why we like it: There is a potential breakout level Stop Loss: 74.114 Why we like it: There is a pullback resistance level Take Profit: 69.666 Why we like it: There is a swing-low support that aligns close to...
WTI oil (USOUSD) is falling towards a pullback support and could potentially break under this level to fall towards our take-profit target. Entry: 70.128 Why we like it: There is a potential breakout level Stop Loss: 71.039 Why we like it: There is a pullback resistance level Take Profit: 67.958 Why we like it: There is a swing-low support level Please be...
WTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 72.480 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci level Stop Loss: 70.865 Why we like it: There is a pullback support that aligns close with the 61.8% Fibonacci retracement...
WTI oil (USOUSD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 72.687 Why we like it: There is an overlap resistance level Stop Loss: 74.111 Why we like it: There is an overlap resistance that lies above the 50.0% Fibonacci retracement level Take Profit: 67.958 Why we...
USOUSD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 67.038 Why we like it: There is a pullback support level Stop Loss: 64.192 Why we like it: There is a multi-swing-low support level Take Profit: 72.437 Why we like it: There is a pullback resistance level Please be advised...
USOUSD is falling from a pullback resistance toward our take-profit target. Entry: 69.900 Why we like it: There is the pullback resistance level. Stop Loss: 72.664 Why we like it: There is an overlap resistance level. Take Profit: 66.914 Why we like it: There is the swing low support level Please be advised that the information presented on TradingView is...
USOUSD is bouncing off our buy entry to our take profit level. Entry: 72.482 Why we like it: There is a multi-swing-low support Stop Loss: 69.871 Why we like it: There is the pullback support level Take Profit: 79.567 Why we like it: There is the multi-swing-high resistance level and aligns with 61.8% fibo retracement level. Please be advised that the...
WTI oil (USOUSD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 78.506 Why we like it: There is a pullback resistance level Stop Loss: 81.725 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level Take Profit: 72.437 Why we...
Today's focus: USOUSD Pattern – Continuation 4H Support – 76.77 Resistance – 77.64 - 78.20 Hi, and thanks for checking out today's update. Today, we are looking at USOUSD on the 4H chart. Today's video asks if USOUSD can continue to hold above support and start a new continuation backing in the last leg higher. We have reviewed price action and a few different...
WTI oil (USOUSD) could rise towards a pullback resistance and potentially reverse off this level to drop lower towards our take profit target. Entry: 79.454 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 81.725 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci...
WTI oil (USOUSD) is falling towards a pullback support and could potentially break below this level to drop lower towards our take profit target. Entry: 75.870 Why we like it: There is a potential breakout level Stop Loss: 78.437 Why we like it: There is a pullback resistance that sits above the 23.6% Fibonacci retracement level Take Profit: 72.714 Why we like...
WTI oil (USOUSD) could rise towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 84.135 Why we like it: There is an overlap resistance level Stop Loss: 86.849 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level Take Profit: 81.169 Why we like it: There...