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...
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...
US Oil analysis looks positive last week. price drops towards SnD area. if you look at the closing of the week the price was corrected but unable to form a new HH, chances are that next week the price will continue its bearish trend.
usoil based on waves structure its ready to sell herewait for the confirmation to go
USDCAD → is it going to down?! hello guys... as you can see USDcad made double ascending channels inside of each other! and this pair touched the target of the breakout of triangle patterns, so it is the best time for correction, We have not any confirmation so what should we do?! on the other hand, you know the correlation between usdcad and oil is -95%!...
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 801.693 Why we like it: There is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 38.2% retracement and t he 100.0% projection levels Stop Loss: 81.973 Why we like it: There is an overlap...
I like this Crude Oil Scalp Trade Idea around these key fib levels on the 15-minute chart to BUY the dip. Share your thoughts below. Thanks.
Preferred direction: BUY Comment: The buy scenario remains relevant. Additional pressure on the Canadian dollar has a downward trend in oil. Several important economic data are expected to be released today, both for Canada and the US. Undoubtedly, their results will affect the course. However, from the point of view of technical and volume analysis, most...
In mid June, I had made a call that Natural Gas was about to rally, because price action and timing supported a move upwards. Natural Gas - The Girl Who Hopes You Remember Her But that call became abandoned as I enlightened and improved further, and began to note that rallies were sold off and lows kept being taken. The trade degenerated into looking at a...
WTI Oil (USOIL) got emphatically rejected yesterday on the 4H MA50 (blue trend-line) and formed another Lower High on the emerging Channel Down. The price is now approaching the 4H MA200 (orange trend-line) on an additional sell signal as the 4H MACD just completed a Bearish Cross, the first since the one that started this correction at the top on August 10. As a...