OIL BEARISH FAKEOUT LOOK TO BUYOur analysis is based on a multi-timeframe top-down approach and fundamental analysis.
Based on our assessment, the price is expected to return to the monthly level.
DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent inve
USOIL H4 | Bullish ReversalUSOIL is reacting off the buy entry, whichis a pullback support and could rise from this level to the take profit.
Buy entry is at 61.98, whichis a pullback support.
Stop loss is at 60.47, which swing low support.
Take profit is at 63.08, which is a pullback resistance that is slightly above the
USOIL H4 | Bullish Reversal at Key SupportBased on the H4 chart analysis, we can see that the price has bounced off the buy entry, which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to the upside.
Buy entry is at 61.60, which is an overlap support that aligns with the 38.2% Fibonacci
Hellena | Oil (4H): SHORT to support area of 58.884Colleagues, it appears that the downward movement is not over and I see several reasons to continue to look short.
The higher order wave “C” is looking to complete the correction and I expect the start of the middle order wave “3” to see the low update and reach the support area at 58.884.
Fundame
USOIL: False Breakout and Potential ReversalUSOIL: False Breakout and Potential Reversal
USOIL recently made a false breakout below the support area near 61.40, which suggests that sellers failed to push the price lower.
This false breakout often signals a possible bullish reversal if buyers maintain control.
Currently, the price is tradi
Could we see a bearish drop?WTI Oil (XTI/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support, which is slightly below the 161.8% Fibonacci extension.
Pivot: 62.32
1st Support: 57.97
1st Resistance: 65.95
Disclaimer:
The above opinions given constitute general market com
OIL Set for another bounce - 65 Target in Play📊 NFX GBEBROKERS:USOIL Chart Update
Fresh setup spotted:
Price tapped into demand zone and bounced cleanly.
Bullish RSI divergence confirmed → momentum shift to the upside.
Eyeing the supply zone above as the next key test.
🎯 Bias:
As long as demand holds, I’m favoring longs into supp
USOIL H4 | Bearish Drop OffUSOIL is reacting off the sell entry, which is a pullback resistance and could drop from this level to the downside.
Sell entry is at 61.50, which is a pullback resistance.
Stop loss is at 62.71, which is a pullback resistance.
Take profit is at 59.16, which lines up with the 161.8% Fibonacci ext
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Displays a symbol's price movements over previous years to identify recurring trends.