🛢️ CRUDE Oil! ⛽Price rebounds from $83 to $88 amid Middle East tensions and oil supply threats. 🌍 Geopolitical risks loom large; brace for a potential breakout!
WTI oil (USOUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 84.664 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Stop Loss: 81.674 Why we like it: There is a pullback support level that aligns with the 78.6% Fibonacci...
WTI and Brent crude futures both jumped more than 4% to above $86 and $88 per barrel, respectively, on Monday, after a surprise attack by Hamas on Israel over the weekend. More than 900 Israelis have lost their lives, with 130 more held hostage, and nearly 700 Palestinians have been killed in Israel’s retaliation. A truce is unlikely in the short term....
Preferred direction: SELL Comment: Monday's oil gap surprised everyone, but given this geopolitical background, this is not surprising in principle. The strengthening of oil is most likely short-term and a fall can be expected soon. Most likely it will be in the middle of this week. The goal of the fall will, of course, be closing the gap, and even moving...
Preferred direction: BUY Comment: The Canadian is also prone to fall against the dollar. At the moment, the price is trading at the level of 1.36545, and given this fact, in the near future the price may fall a little further below the level, in the form of a breakout. A deep potential false move down is not expected. The purpose of the purchase here will be...
I'm writing this article, because of the striking resemblance with Today's oil and the one that has been a lot of times before.. I believe that history repeats itself, and there are lessons to be learned. And since this boom and bust cycle are not new, it might also provide some understanding on where we are heading. I hope you enjoy. The time of dinosaurs In...
WTI oil is opening with green gap this week, Probably it’s going to go down to 78.9$ level this week testing this level. Therefore we will wait to test this level then take another look at chart.
WTI is the focus for this week. Watch the video to understand how, from a higher time frame, like the Weekly chart, we can find tradeable opportunities on the hourly chart.
✅USOIL is going up from the Horizontal support level of 81.76$ Because it was oversold and I think that we will see a Further local move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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...
WTI Crude Snaps Two-Day Slump Amid Shifting Global Dynamics and Weaker USD The West Texas Intermediate (WTI) crude oil benchmark showed signs of resilience, bouncing back from a two-day decline to reach $82.85 per barrel, marking a 0.40% gain. This uptick came as the US Dollar (USD) experienced a retreat, ending its 12-week rally. While robust US job growth...
Hello,Traders! USOIL was falling in a Strong downtrend and oil Is clearly oversold so as the Price is making a rebound From the horizontal support Of 81.78$ I think we will see A further local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
WTI Crude Oil crossed under the 1D MA50 (and the Channel Up) for the first time since July 6th turning the 1D technical outlook bearish (RSI = 35.225, MACD = -0.060, ADX = 34.325). The short term timeframes are oversold so expect a minor spike to the 1D MA50 or near the 4H MA50. We will use that as our new sell entry and target the strong support zone consisting...
On Tuesday, we touched on the subject of corporate forecasts in the oil market portrayed in the media. In fact, we remarked how the recent announcements of ultra-bullish forecasts were very reminiscent of the 2022 oil market top and that we were pretty skeptical about the rally's sustainability (though we warned about this on a different platform three weeks...
WTI oil is green today and going to test 84.10$ level. We should wait price movements after testing this level.
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 88.026 which is an overlap support. Stop loss is at 85.600 which is a level that sits under an overlap support level. Take profit is at 91.366 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. ...
✅USOIL is falling down and It broke yet another key Horizontal level of 84.44$ Which is now a resistance And the breakout is confirmed So I will be expecting Bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
I think oil will now bounce to test $94. I'm short term bullish; medium term bearish. Oil took a hard dive "low liquidity run" through the previous swing-low which was taken out. The next swing-low is $77-ish. But we are hitting 20 week MA and prior old highs at the same time. Thus the slow stochastic weekly losing embedded (was above 80 now falling below 80)...