USOIL Potential DownsidesHey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 76.50 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 76.50 support and resistance area. Trade safe, Joe.Hey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 76.50 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 76.50 support and resistance area. Trade safe, Joe.Shortby JoeChampion4416
OIL: Focus on The OPEC MeetingOIL: Focus on the OPEC Meeting OPEC+ is expected to extend the oil production cut in 2024. It is expected that the upcoming OPEC meeting on Thursday could bring some support to crude oil prices. The market is anticipating the possibility that OPEC+ may extend the oil production cut in 2024. TheOIL: Focus on the OPEC Meeting OPEC+ is expected to extend the oil production cut in 2024. It is expected that the upcoming OPEC meeting on Thursday could bring some support to crude oil prices. The market is anticipating the possibility that OPEC+ may extend the oil production cut in 2024. TheLongby KlejdiCuniUpdated 3321
USOIL 28/11 : UptrendUSOIL traders will closely monitor the temporary ceasefire between Hamas and Israel, with the intermediaries working to prolong the thaw in the Middle East conflict. This marks the first ceasefire agreement since the start of the Israel-Hamas conflict last Friday. USOIL Broke out of range and price USOIL traders will closely monitor the temporary ceasefire between Hamas and Israel, with the intermediaries working to prolong the thaw in the Middle East conflict. This marks the first ceasefire agreement since the start of the Israel-Hamas conflict last Friday. USOIL Broke out of range and price Longby CTFX_FintechUpdated 2212
#OIL potential reverse Head and Shoulder formationHello dear traders. Let's take a look at the oil chart for today and identify the potential Reverse Head and Shoulders chart pattern formation. As the price reacts to the bearish 4-hour timeframe channel , it seems to be forming a Reverse H&S pattern, which could potentially result in a bullish ouHello dear traders. Let's take a look at the oil chart for today and identify the potential Reverse Head and Shoulders chart pattern formation. As the price reacts to the bearish 4-hour timeframe channel , it seems to be forming a Reverse H&S pattern, which could potentially result in a bullish ouLongby mohemati113
Today’s Crude Oil Market Forecast U.S. crude benchmark West Texas Intermediate (WTI) fell on Friday as the release of some hostages in Gaza eased geopolitical tensions. Looking at the daily chart of crude oil, oil prices have continued to fall since the second rebound failed in late October, and eventually the trend formed a down U.S. crude benchmark West Texas Intermediate (WTI) fell on Friday as the release of some hostages in Gaza eased geopolitical tensions. Looking at the daily chart of crude oil, oil prices have continued to fall since the second rebound failed in late October, and eventually the trend formed a downShortby David_SchroederUpdated 12
4H channel in WTI...Hello friends, Considering the drawn channel and the reaction to the bottom of the channel, I expect an upward movement to the midline range. Let's see what happens! what is your opinion? Good luck. # Let's look simplyHello friends, Considering the drawn channel and the reaction to the bottom of the channel, I expect an upward movement to the midline range. Let's see what happens! what is your opinion? Good luck. # Let's look simplyLongby HippoTrading5513
Crude oil trend sharing As I said yesterday, we can rely on the pressure level of 77 to sell crude oil. As I said yesterday, we can rely on the pressure level of 77 to sell crude oil.Shortby Giant_tradingUpdated 7
USOIL: Today's analysis and strategy The recent Opec + meeting was postponed to November 30, and the market doubted whether oil producers could persist in extending production cuts, combined with the recent weak performance of US economic data, and the marginal weakness at both ends of supply and demand is not conducive to higher oil The recent Opec + meeting was postponed to November 30, and the market doubted whether oil producers could persist in extending production cuts, combined with the recent weak performance of US economic data, and the marginal weakness at both ends of supply and demand is not conducive to higher oil Longby HectorBrown1Updated 5
🤷♂️ WTI UpdateOil remains unclear. I so far stick to my previous scenario though I can see the rational for another sell-off too.Oil remains unclear. I so far stick to my previous scenario though I can see the rational for another sell-off too.by Fomenka6
Crude oil trend analysis Oil prices opened higher on Monday and moved lower. The weekly MA5 moving average of crude oil moved downward again. The daily MA5 moving average and the MA10 moving average crossed and suppressed. The upper rail suppression point of the error band indicator coincided with last Friday's high point Oil prices opened higher on Monday and moved lower. The weekly MA5 moving average of crude oil moved downward again. The daily MA5 moving average and the MA10 moving average crossed and suppressed. The upper rail suppression point of the error band indicator coincided with last Friday's high pointShortby Giant_tradingUpdated 6