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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 (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.555 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 80.000 which is a level that sits the 23.6% Fibonacci retracement level and a swing-high resistance. Take profit is...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hello,Traders! CRUDE OIL went up locally But then hit a wide supply area Of around 79-80$ and we are Seeing a nice bearish reaction So I think that the price Will fall further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! CRUDE OIL made a rebound From the horizontal support and Went up but it will be retesting A horizontal resistance of 78.5$ From where a bearish correction Is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USOIL pullback on H4 likely targeting the trendline where sellers are waiting to push the price down again! N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #usoil #crudeoil #wti #brentoil
Hello,Traders! CRUDE OIL is trading in a Downtrend and the price Broke the key horizontal Level of 74.85$ which Is now a resistance so I am bearish biased and I will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Overview: With the yesterday's sell off, the stochastic in oversold territory and in divergence as well as the RSI, we consider closed the corrective structure(ABC) on daily time frame. A technical rebound is likely, to bring the market in a trading range area between $74 and $80. Only a breakout of yesterday's low ($72.40) will change the daily's structure from...
✅CRUDE OIL broke the key Horizontal level of 75.3$ Which is now a resistance While trading in a downtrend And now the price is about To retest the broken level From where a further Bearish move down Is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello everyone, Oil price is testing the key resistance of 73.70, which is positively influenced by the stochastic index, the price needs to be below this level for the bearish trend scenario to remain valid, which has the next target at 72.12. On the other hand, it should be noted that the confirmation of the breach of 73.70 will push the price to move higher...
Last week's swing trade to $90 worked out well, yet momentum ha since shifted lower. I noted in the recent COT report that managed funds and large speculators have been trimming long exposure in recent weeks, and that managed funds increased short exposure last week despite the slew of negative headlines surrounding the Middle East conflict. This also...
WTI Crude Oil hit today the bottom LL trendline of the six week Channel Down, turning oversold on the 1D timeframe (RSI = 31.036, MACD = -2.860, ADX = 46.284). That alone is a strong medium term buy signal, aiming at a +10.15% rise (TP = 79.50), which is how much the previous bullish leg of the Channel rose by. That is where the R1 level is also (79.75) and...
Overview: Stochastic in oversold area suggest that a technical rebound is possible. Our current position's delta: +0.20 First target: $77.40/$77.50 Second target: $78 Stop loss/mandatory level of rebalancing: on breakout $76.30 First target: $75.50/$75.30 Second target: $74.90
Hi Traders! The bearish price action continues on the USOIL 1D chart, and there may be possible opportunities for short entries. Price Action 📊 The market has had lower highs and lower lows since breaking below the 3-month low and 20 EMA, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the...
I have announced the trend of crude oil on the channel before and perfectly predicted TP76.5.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 79.14, which aligns with the 50% Fibo retracement. Our take profit will be at 76.53, an overlap support level. The stop loss will be placed at 80.91, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...