Hi TradingView community, today’s focus is on oil as price has, for now, reversed seller momentum and could be starting to form a support bounce. Overall the price remains range-bound between 93.50 and 83.65. But price continues to trade outside of the last major downtrend, and we have two higher lows after the September low. Today sellers took control in the...
USOUSD - Classic bearish formation - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USOUSD Entry - 86.740 Sl - 92.866 Tp - 77.536 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️
In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI. The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which the DIA rebounded while hot oil prices cooled off. The analysis would be is that oil prices may be relatively undervalued at present...
VANTAGE:USOUSD With the news catalyst of massive new open leases on federal land for USOIL and the big oil companies USOUSD has reacted with a big uptrend. with major resistance 3 to 4 percent higher this may continue. This seems to be a good setup for a swing long trade on USOUSD and potentially any of the big oil stocks.
Welcome to Wednesday's update, subscribers and TradingView community Today our focus is on oil as price has started to move higher after testing and holding for now at key support. Price continues to trade in a short to medium-term downtrend after sellers turned momentum back in June. Since that point, it's been a series of LHs and LLs. Today's price has shown...
Hy team we are here to update about USOIL. USOIL is still above the main Trendline. And here we two possibilities. If it bounce back from this Trendline we will see price around 145. But if it breaks this level we can see price around 85. When market will open we will update further with Proper Chart TP and SL.
Thanks for tunning in TradingView community. Today we're looking at USOUSD oil and wondering if yesterday's price rejection could lead to a new leg higher from buyers. So far this week, we have seen mixed trade with buyers coming close to breaking last week's high before sellers took hold and set up a two-day retracement. It would have been three, but buyers had...
EIGHTCAP:USOUSD The trend of crude oil and gold in the day is basically similar, also due to the influence of Russia's withdrawal of some troops. However, the difference between gold and crude oil is that crude oil itself has given some support to crude oil due to the current production capacity constraints. At the same time, the technical bulls of crude oil have...
"How Malaysian people can predict the oil price accurately? This is the long lost technique which I learn from my father. Japanese people expert at rice price Malaysian people expert at oil price. We are an oil producer since generation. Alas, not many Malaysian people know it.." -Zezu Zaza Oil Webinar on 28th April 2020 8 years ago, when I started the journey...
Apparently, China is stockpiling on oil while the US media is emphasizing on reporting about oil's volatility. 😂 apnews.com