WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 93.406 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 91.045 which is a pullback support that lies under the 50.0% Fibonacci retracement level. Take profit is at 98.134 which is a...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 88.547 which is a pullback support. Stop loss is at 87.112 which is a level that sits under a pullback support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 91.306 which is a recent swing-high resistance...
Hello There! Welcome to my new analysis about CVX on several timeframe perspectives. The oil market since the corona pandemic supply-shock dynamics has formed a important dynamic and had the ability to form a major rebound recovery with several new highs being formed and CVX having the ability to bounce into a new all-time-high. Now a big part of the dynamic is...
✅USOIL is trading in an Uptrend and oil has just Broken the key horizontal Level of 93.24$ which combined With the Saudi's move to keep The prices higher makes me Think that Oil will go up even more LONG🚀 ✅Like and subscribe to never miss a new idea!✅
WTI crude futures surged by 3.5% on Wednesday, briefly reaching above $94, marking their highest settlement price of 2023. This impressive rally followed the release of EIA data indicating a larger-than-expected decrease in US crude inventories, showing a 2.17 million barrel drop in the past week. In parallel, Brent crude futures saw a substantial increase of...
Dear Colleagues, I assume that the price is in a wave 5 movement. The nearest target is the resistance area at 92.48. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOIL has formed a cup and handle on the weekly and daily charts, (feel free to quickly check) so we have since seen momentum to the upside, price has no entered a consolidation and a break out can occur, both ways still possible, however early signs of POTENTIAL breakout to the upside, watch next couple of sessions :)
hello everyone, the USoil has become bullish with usd being weak (dxy trading below 100)... the price can reach the main resistance 84 and it's the strongest resistance (highlighted in red), it can either pull back or break it to next resistance level of 92. But lets see in the following weeks, dxy ended up strong end of last week.. look for a break out before...
I received a lot of questions about WTI Crude Oil. Analyzing a weekly time frame, we can spot that the market is currently approaching a significant supply zone. Even though we see a strong bullish rally since the beginning of summer, I will anticipate a further growth only after a bullish violation of that entire area: 92.5 - 97.8. Alternatively, analyzing...
The month of September came with a very important break for WTI Oil, the rise above 85 figure, a price that kept WTI in a range since December last year. As was usually the case, after the break, the price accelerated to the upside and to the next important 92.50-93.00 zone resistance. Looking at the posted chart we can see that since July, the trend for Oil is...
USOUSD could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target. Entry: 89.223 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 88.005 Why we like it: There is a pullback support level Take Profit: 91.762 Why we like it: There is a...
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 Oil got rejected a little before it hit Resistance (1) at 93.80, which is a 11 month long level. The trading pattern since the mid April shows a good deal of correlation with October 20th 2021 - March 7th 2022. That was the peak of the Ukraine-Russia War. In order to get such an immense price spike, a heavy fundamental catalyst needs to blast out,...
WTI Oil Prices Face Selling Pressure as Fed's Hawkish Stance Dominates Western Texas Intermediate (WTI) crude oil prices are grappling with selling pressure, hovering around the $88.80 mark. The Federal Reserve's recent meeting and its hawkish stance have cast a shadow over oil prices, complicating the outlook for the energy market. Here are the key factors...
----------OIL TO CORRECT TO THE DOWNSIDE-------- Trading is not like fairy tail Jack and the beanstalk. Price does not move like a straight line. At least most of the time it doesn't. Instead it moves wave by wave with shorter and longer corrections until it finally finds a point from where it cannot proceed any further and reversal happens. In case of US WTI oil...
USOIL (WTI) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 89.625 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 88.026 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Take profit is at 93.226 which...
USOIL (WTI) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 88.026 which is a pullback support level. Stop loss is at 85.730 which is a level that aligns under the 23.6% Fibonacci retracement level and an overlap support level. Take profit is at 90.300 which is a pullback resistance level. ...