The current selling zone for US oil stands at 8219.6. To maximize gains, consider setting take-profit levels at 8109.00, 8090.00, and 8000.00 respectively. These levels offer strategic exit points to secure profits as the market fluctuates. Additionally, implementing a stop-loss order at 8290.00 can help mitigate potential losses by automatically triggering a sale...
Attention Traders,
In today's trading session, our focus is on USOIL, with our sights set on a potential buying opportunity around the 84.70 zone. USOIL has recently broken out of a downtrend and is currently in a correction phase, approaching the critical support and resistance zone at 84.70.
Adding depth to our analysis, it's essential to consider the...
Dear Colleagues, at the moment the price has made a strong downward movement. I suppose that the price is in wave "4" and can continue its movement to the support area of 80.22, but I consider only long positions, because the price can make a reversal at once. I recommend to work with pending orders.
The nearest target is the resistance area at 87.47.
Manage...
Welcome . Analysis of the oil market. On the clock frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyone
USOUSD is in a correction period. The price has an opportunity to retest the 81.12 and 80.05 support zones. If the price cannot break through the 80.05 level, there is a chance that the price will rebound. Consider buying a red zone.
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US OIL NOW TO WAY TO FINISH WAVE Z
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USOIL / 1D
Hello traders, welcome back to another market breakdown.
Crude Oil traded lower earlier in the week after a small pullback bear trend.
The bears got 3 pushes down, forming a wedge pattern.
They want a retest of the June or May lows, followed by a breakout below.
The bulls see the current move down simply as a bear leg within a trading range.
They...
Hi Traders !
The USOIL Price Formed a Double TOP Pattern.
So, Let's Expect The Bearish Scenario:
If The Market Breaks and Closes Below The Neckline,
We Will See a Huge Bearish Move 📉
TARGET: 81.35🎯
Oil prices are still relatively cheap on the bigger TF's, compared to where they will be in the near future. Currently up 20% from our green supply zone.
Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 82.07 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 83.70
Recommended Stop Loss - 81.04
About Used...
Since the Start of the Week, Brent Oil Price Has Dropped over 4%
At the beginning of the week, March 15, we wrote that the price of Brent oil could form a correction from the resistance level of USD 91 per barrel. Since then, the price has decreased by more than 4% due to a number of factors:
→ easing concerns about the escalation of the conflict between Israel...
Escalation Between Iran and Israel: How the Price of Brent Oil Reacts
On the night of Thursday into Friday, reports emerged that Israel had attacked Iran following Iran's attack on Israel over the weekend.
Let's remember that we wrote on Monday that after a 300 drone and missile attack on Israel over the weekend, the price of Brent oil did not rise. Perhaps...
Oil prices have once again surged, reaching nearly $88.00 per barrel, despite a recent minor decline. This uptick in prices is occurring amidst a backdrop of geopolitical tensions and a strengthening US Dollar. However, amidst this volatility, it's essential to dissect the various factors influencing oil prices, from geopolitical unrest to economic forecasts and...
hey there on 1HRTF the Usoil has recovered last week in downside area and its futher push upside will go on peak after hit 79 then go back 83 in these days
Hello traders..!!
Absolutely, let's spice it up:
Crude oil is teasing us with a classic double bottom dance, tapping into a key intraday support not once, but twice! 🛢️✌️ This dynamic duo formation is like the oil market saying, 'Hey, I'm ready to switch gears!' But here's the real kicker: the breakout above the neckline of this pattern? That's the ultimate...
CRUDE OIL formed a nice double bottom pattern
after a test of a key intraday support.
The breakout of the neckline of the pattern is an important bullish confirmation.
We can expect a bullish movement at least to 86.0 level.
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