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...
Wait and see mode for me on WTI. Lots of potential trades to watch for, just have to be patient.
The PPO is on a path to giving us a Bearish Confirmation just below the HOP level of this Bearish Bat. If the Trend Line breaks on the PPO, we will likely see the WTI come crashing down to at least $75 but at most $65
dear colleagues, I assume that wave 4 is coming to an end. This means that we are waiting for wave 5, which can reach at least the resistance level of 84.86 Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The oil markets have been something of a puzzle to everyone on account of the fact that they range sideways for long periods of time, move a little bit, decapitate one side of the market, and then range again. One thing I've been sure of is that after doing $120 post-Ukraine War, and after WTI literally hitting $0.00 ( $-40 settlements lol) this certainly was not...
Crude oil has reached the August highs again, pushed by productions cuts by OPEC countries and weaker dollar. Markets are now awaiting further cues on the US economy and potential interest rate moves. I think it is time for a small retracement in the price, this rally has to end for a day or two, potentially reaching 61.8 Fibonacci retracement traced back from...
Good day, traders. Today, we'll be looking at WTI crude oil. I anticipate a break of the 80.80 prior high and a return to the 80 zone, after which we will seek for bullish confirmations to place a buy order. Keep in mind: No confirmation, no admission. ❤️Please, support my work with like, thank you!❤️
USOIL (WTI) is rising towards the sell entry at 80.424 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here to drop lower. Stop loss is at 82.813 which is a level that sits above the recent swing-high. Take profit is between 78.315 and 77.626 which is a multiple swing-low support that...
Hello Traders Investors And Community, welcome to this analysis where we are looking at CRUDE OIL 4-hour timeframe perspective, the recent events, the current formational-structure, and what we can expect from CRUDE OIL the next times. As CRUDE OIL has recovered from its breakdowns seen this year to almost 0.00 USD which I mentioned the day this historical OIL...
Crude oil showed a bottom-out trend on Wednesday. The low point stabilized and rose at the 81.0 level, and the highest point put pressure on $81.8. The daily trend chart of crude oil shows that the big positive line has risen again, breaking through the previous day's cross star high, and the bulls have been extended; from the short-term trend, the Bollinger...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Dear colleagues, I assume that the price is starting wave C. The nearest target is the support area at 78.40. After reaching the target, I will consider only long positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 81.826 Why we like it: There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 83.778 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci...
After reaching nearly $85 per barrel three days ago, USOIL drifted lower with the global stock market. In the process, it retraced to its 20-day SMA, which acts as a significant support level. Furthermore, RSI, MACD, and Stochastic started to reverse and point to the downside on the daily chart. This bearish development could coincide with a short-term trend...
Here is my latest structure analysis for WTI Oil. Resistance 1: 81.4 - 82.1 area Resistance 2: 84.2 - 84.9 area Support 1: 76.8 - 77.3 area Support 2: 73.9 - 74.1 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 81.826 Why we like it: There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 83.778 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci...
USOIL (WTI) is rising towards the sell entry at 80.424 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here to drop lower. Stop loss is at 82.803 which is a level that sits above the recent swing-high. Take profit is between 78.400 and 77.604 which is a multiple swing-low support that...
Crude Oil , It closes the week in the favorable zone after having a price correction, it can be a discount, but also the price can reject the resistance from 81 and retest 78, also a negative thing is that it made a LL on the daily after the neckline- the structure was broken and confirmed 2 days in a row with LL but every day it managed to close the day above the...