WTI plan is working out. I was waiting for this retracemente to look for a long trade. I marked my level of interest, and if the price can enter the $82.6/$83.00 level, i will enter long targeting $86 in the next days. Invalidation below 82, i will share updates on my twitter page if i will enter long (a reversal pattern is needed)
Despite Iran's unprecedented attack on Israel over the weekend, crude futures were barely affected Monday. Traders attributed the flat move to expectations that the conflict would be contained. In the short term, Israel's potential response to an Iranian attack is highly uncertain and could determine the extent of the threat to the latter's oil supply. Iran's...
Today's content all points are 2406 US crude oil contract points, because the US crude oil has changed the main contract to 2406 contract, yesterday's market as a whole is basically in accordance with our analysis of the forecast to go, that is, down, the market rose to 84.75 US dollars began to fall all the way to the current lowest point of 82.01 US dollars....
WTI Oil (USOIL) made a solid (Higher) Low at the bottom of the Channel Up pattern and started rising as we discussed on our previous idea (April 22, see chart below): We now need to take it a time-frame lower to 4H as on Friday the market formed the first 4H Death Cross (4H MA50 crossing below the 4H MA200) in almost 7 months (since October 10 2023). This has...
Hello everyone, WTI Oil 4H NEW FORECAST The price of oil begins today's trading with noticeable negativity, breaking the 83.90 level and settling below it, heading towards a new bearish correction during the coming sessions, targeting the 82.88 areas as the next main stop. Therefore, a bearish bias will be likely for today unless the 83.90 level is breached and...
Tell the strategy directly Today's callback continues to be dominated by lows and longs. as the picture shows; In the short term, let’s look at the adjustment first. The support level below is near 83. You can buy long at this position, and the upper target is around 85-85.6. In trading, you can go short first and then go long, and the long position is the...
In terms of crude oil news, last week was mainly affected by tensions in the Middle East, especially conflicts between Israel and neighboring countries, which triggered market concerns about the stability of crude oil supply. Oil rebounded as Prime Minister Benjamin Netanyahu's stance on the International Criminal Court and the Israeli military's actions in...
#USOIL Sell Idea .........................................................................
After the opening of crude oil yesterday morning, the market rose from the opening price of 86.59 US dollars to 86.94 US dollars, under pressure to slightly back to 86.38 US dollars, and then oscillated slightly up to 86.98 US dollars, which is more than the morning high point up 4 points, to the US market began to oscillate down. This drop just verified the end...
The fluctuations of crude oil yesterday were quite exciting. After opening at US$82.13 in the morning, it rose slightly to US$83.01. After the market was blocked here, it began to fall immediately, and it fell non-stop, all the way to US$80.88. There was no After a little rebound, the market fell to US$80.88, which was close to Monday's low of US$80.70. It gained...
Crude oil making bullish price action according to dow theory on H1, long entry on 50% fib retracement, stop loss beneath previous higher low.
Crude oil market analysis Crude oil is much simpler, and crude oil forms a multi-bottom form near 80.00, so we stick to the optimistic idea that a return to support is a buying opportunity! The size trend of crude oil is bullish, the weekly close is small, this week may see optimistic performance, the recent crude oil inventory data is to support the bullish...
hello everyone, watch the lvl 83.35; 83 ; 82.27 these are support. we will see oil higher in this week? more supply cut from OPEC? (please dont risk more than 2% in trade) watch your risk management. Good Luck. i try to always we will keep you all updated . Please don't forget to like, comment and follow to support me, i really appreciate you support...
Is USOIL exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 82 What you guys think of it?
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 82.33 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 80.50 which is a level that lies underneath a pullback support. Take profit is at 84.67 which is an overlap resistance. ...
tention in middle east is aggresively getting stronger. unfortunately monthly candle became very stable to keep the price high. most of commodities and equitites went all time high. So does oil will go for alltime high level of 200 dollar target in end of this year.
Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 80.46 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅