If you haven`t bought the dip on USOIL: In the chart, there's an inverse head and shoulders pattern visible. Coupled with robust travel demand anticipated this summer, I predict USOIL could reach $90 during this season!
Dear Colleagues, we expected the price to decline, but it seems that the upward movement is not over yet. I expect the completion of wave "5", then a corrective movement in wave "B" of higher order in the area of 38.2% - 50% Fibonacci levels (83.62), after which I will consider only long positions to the resistance area of 88.00. Manage your capital correctly...
USOil WTI Technical Analysis and Trade Idea In the video, we analyse a potential trading opportunity for USOil. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. It is crucial to incorporate sound risk management...
The latest COT report, combined with the activity in the options market and technical and graphical analysis, suggests a potential bullish scenario for oil prices. The COT report indicates a bullish market sentiment for oil, with an increase in bullish commitments compared to the previous report. Recent activity in the options market suggests that traders are...
hello everyone... the price reach the main resistance area as well reached the resistance downtrend line...price will likely pull back to support area... with today news of crude oil show high number of oil inventories. based on fundamental and technical, we should see some pull back for now... good luck
hello everyone, my last analysis came true (for short position).. price is becoming bullish in the weekly timeframe as of now, however there will be more manipulation next week with the major news (NFT and FOMC meeting)... price is trading above the support level, candle closing above the support level would indicate a possible swing trade. However monthly candle...
Oil is up 22.30% (1,566 PIPS) from our supply zone, which was posted live for you all. Oil currently sitting at 6 month high📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Oil prices are up 22.30% (1,566 PIPS) from our green supply zone, which was posted live for you all. Oil currently sitting at 6 month high📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
WTI Oil (USOIL) hit our long-term 82.50 Target last week, a call made early this year (January 12, see chart below) when the price was still at $74.33: At the moment, the price sits above the 1W MA100 (green trend-line) for the first time since the week of October 23 2023, as the week opened above it. This calls for an upward extension similar to the...
Three lines are drawn based on three levels of the Volume Profile (VAL-POC-VAH). These three lines can be used as support or resistance levels for daily trading.
"Investors are eyeing an opportunity with a target price (TP) set at 86,000, coupled with a stop-loss point at 84,000, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy...
✅CRUDE OIL is retesting a key resistance level of 85.95$ So I think that the price will make a pullback And go down to retest the demand level below at 84.63$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 82.362 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 80.000 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at...
"Investors are eyeing an opportunity with a target price (TP) set at 86,000, coupled with a stop-loss point at 84,400, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy is...
WTI Crude Oil reached the top of the December 2023 Channel Up as well as the dashed Channel Up that started after it crossed over the MA50 (1d). This is a double sell opportunity. Trading Plan: 1. Sell on the current market price. 2. Sell again if the price closes a (1d) candle under the dashed Channel Up. Targets: 1. 82.00 (bottom of dashed Channel Up). 2....
Oil prices reached their highest level in seven months, partly driven by worries that escalating tensions in the Middle East could constrain supply. Iran has warned of a potential "serious response" against Israel following a targeted strike in Damascus that resulted in the deaths of two Iranian generals. This incident has raised concerns about a widening...
On the weekly continuation chart a WXY correction ended last week and we got a bullish engulfing candle. There are three wave moves to the downside and upside which means it is now struggling to create a clear five wave moves, but it is still pushed upwards. This can form an ending diagonal pattern, but is not finished yet, at least one abc to the upside is needed.
WTICO (West Texas Intermediate Crude Oil) has recently been outperforming BCO (Brent Crude Oil). This trend coincides with an increase in US-produced oil replacing sanctioned Indian refined oil. Potential Opportunity in WTICO The shift in market dynamics could present an opportunity for traders considering long positions in WTICO. However, as always, it's...