Entry: 84.900 TP: 88.000 SL: 83.620 Weekly TF: On the weekly TF, XTIUSD needs to bounce back and form a H&S...with Oil moving to $62.5 per barrel. According to my fibo mark; market entry at $89 has been in place...but NB: (market can move to that region for the second time before selling to $70.687 and $63.440 per barrel). Daily TF: There's a possibility...
OIL shorted from strong resistance zone FIB 78% RETRACEMENT TREND LINE
Oil prices slipped below the US$85 per barrel level after the US central bank, the Fed, announced an interest rate hike. U.S. oil demand over the past four weeks fell to 8.5 million barrels per day (bpd), the lowest since February, according to the Energy Information Administration (EIA). On the other hand, there was a 1.1 million barrel increase in crude oil...
In light of the continued dominance of the dollar, we expect a gradual decrease in oil prices in addition to the abundance of Russian supply, and according to technical analysis, the price stands at an important resistance in the areas of $70 + RSI "Divregence" + MA200. You can strengthen your trade if the price returns to the entry point.
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...
The standoff over Russia's gas and oil exports escalated on Friday after Moscow promised to close its main gas supply pipeline to Germany and G7 countries announced plans for price caps on Russian oil exports aimed at squeezing Russia's war chest in Ukraine. This latest closure of the Nord Stream pipeline, which Russia says will last as long as it takes to make...
OPEC recently met this week to discuss whether or not to decrease crude oil production in October after initially deciding to increase production for September, increasing supply. Last month OPEC agreed to increase production in September by 100,000 barrels per day during their last meeting in August as the US strained to fight inflation and high energy prices....
Oil prices fell sharply on Wednesday (September 7th), slipping below levels seen before Russia's invasion of Ukraine as dismal Chinese trade data and growing fears of a global economic recession hurt fuel demand. West Texas Intermediate (WTI) oil futures for October delivery plunged US$4.94 or 5.7 percent. With lower prices this time it is a good opportunity to...
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...
XTIUSD - Classic bullish pattern - Our team expects growth SUGGESTED TRADE: Swing Trade Long XTIUSD Entry - 93.67 Stop - 87.22 Take - 103.36 Our Risk - 1% Start protection of your profits from lower levels. Like, comment and subscribe to our TradingView Page. ❤️ Please, support our work with like & comment! ❤️
XTIUSD trade will be in new wave to hit new high level. Trade will be in the range of 88-73 level back towards $150 level. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Always do your own analysis before taking any trade. Our aim is to deliver simple and compact information which can...
Good Morning Trader's ,, How Are You Today ? Let's Explain Together "USOIL" Chart And Reasons To BUY From This Area ! 1- What Is The Trend For USOIL ? Now ,, It's In Down Trend ,, We Have Break Out Trend Line And Channel And Wait To Break Out Resistance Area To Enter Buy 2- Why We Will BUY From This Area ? Trend Line Break Out - Channel Break Out - Gann...
Oil prices briefly surged in mid-trade due to a push to raise the Fed's benchmark interest rate. However, prices eased back after investors believed that the US central bank's policy this month was to maintain interest rates. Another factor, the US dollar strengthened again to its highest level in five weeks, which limited the increase in crude oil prices. This...
after a long sell on oil, XTI formed a double bottom between 5th and 17th August.....finally i'm expecting a bull run on XTIISD...int0 $96 per barrel!!! There's a possibility for a price rejection at $94.2 NB: red box: rejection zone blue box: breakout zone
USOIL, Crude oil will boost up from range. Trade moved in three directions according to our previous analysis. now new wave will be up from range 88-73 back towards new highest level of history. We are consistent with our previous analysis. We publish precise and compact information after careful consideration which give you quick glimpse for comparative...
TF 1 DAY Xtiusd oil Short around 105-107 For the target area of Tp1 100 Tp2 98 Tp3 96 Double Top Neck Line Breakout at 92 Next levels are 90 - 88 - 85 - 82 - 80 - 76
USDWTI H4 We are almost reaching the end of this trading setup, eventual target was, or is... $84.50/barrel. This ties in nicely with our D1 S/R zone as indicated on the video analysis above. Interested to see where we go from here.