USOIL nearly looking for target Hey there on 1hTF the USOIL has looking for all target completed target So we can observe the oil look for upside and then will drop continue Shortby DvsTraderfirm1
SILVERI can see silver is up trend. Maybe it will take a week or more than that. Only for technical analysis. Note not yet fundamental analysisby ISLAMFOREX1301
USOIL Trading Strategy: Bullish H1 Candle Confirmation for Buy SIf a bullish H1 candle closes above the 79.10 level, we will initiate a buy position. The stop loss for this trade will be set at 78, while our target is set to exceed 80. This trade setup offers a risk-to-reward ratio of approximately 1.3:1, making it a potentially favorable trade. Longby MrKTechnicalLevels11
Crude oil trade analysis International oil prices fluctuated slightly on Thursday (May 30), with U.S. crude oil currently trading around $79.13 per barrel. Oil prices fell about 1% on Wednesday on worries that weak U.S. gasoline demand and economic data could lead the Federal Reserve to keep interest rates higher for longer. High interest rates aimed at countering high inflation could drag on economic growth and reduce demand for oil. Crude oil persisted despite the headwinds yesterday. Both short positions at 79.4 and short orders at 80.2 made profits. Today's white market resistance is 80 and yesterday's high of 80.6, while support is 78.5 and 77.7. At present, the 4-hour SAR indicator has completed the top-to-bottom transition and appears at a high level. Today, Thursday, the trend continues to rebound high and bearish. Crude oil strategy: short after rebounding at 79.7, covering short positions at 80.3, stop loss at 80.7, target 78.5-78, hold if it breaks below;Shortby Jerome-LeonUpdated 112
Oil Prices Rally from a Six-Week NadirOil prices increased early on Thursday, recovering from a six-week low after a significant 3.6% fall the previous day, which was the lowest point since mid-March. This drop was attributed to an unexpected surge in U.S. stockpiles, indicating softer demand than anticipated. At the same time, market observers have pointed out that the Federal Reserve has kept interest rates steady, diminishing earlier expectations for a rate cut. PVM Oil Associates commented, "The reduction in borrowing costs may not occur as soon or as quickly as previously thought. It is similar to peak oil demand—consistently anticipated yet never realized." Technically: The price has stabilized within the bearish zone, having already breached the pivotal range between 80.73 and 82.24. This suggests a continuation of the bearish trend, with potential targets at 77.14 and 75.35. A further break below 75.35 could lead the price down to 69.78. Conversely, if the price stabilizes above 82.24, it may indicate a bullish trend, potentially reaching up to 86.86. Pivot line: 80.73 Support lines: 77.14, 75.35, 69.78 Resistance lines: 82.24, 86.86, 89.08Shortby SroshMayiUpdated 11
WTIOIL SELLUsoil looking for more sell side momentum let's short oil 🛢 Fix your Stop-loss and TP anytime spikes will I've the results trail your SL every 30 pips Survive safely Shortby DNA_Trader_Officials1
Crude oil under pressure 80.3 return rangeCrude oil technical analysis Daily resistance 79.2-83.4, support below 77.5 Four-hour resistance 79.2-80, support below 78.5 ✅Crude oil operation suggestions: Crude oil fell back after reaching a high yesterday. It failed to continue its strong performance after breaking through 80.0. The small negative line retreated and showed signs of seeking support at a lower level. In a strong market, the price usually falls back on the same day. Yesterday, it fell back and closed at a low level, which made the short-term bulls not strong. It still returned to a volatile trend. Be careful of today's rapid rise to repair the decline. The overall price continued to fall back after encountering resistance above the 80 mark. The short-term daily level continued the rhythm of long and short wide fluctuations. Today's upper resistance focuses on the opening of yesterday's hourly line near 80.3-80.5, and the lower support focuses on the 78.5 line. During the day, keep selling high and buying low according to this range. BUY:79.2 near SL:79.00 BUY:78.5 near SL:78.00 The crude oil brokers' quotations are different, only for reference of trading direction by ActuaryJUpdated 4
OIL (WTI) - 4H Three PushThe WTI Oil 4H chart displays a classic bullish reversal pattern, often referred to as the "three pushes" or "three drives" pattern. This pattern is characterized by three distinct attempts by the market to push lower, each attempt being met with increasing buying interest. The current setup shows that after three downward pushes, the price has started to rebound, indicating a potential shift in momentum from bearish to bullish. The price action has recently broken above the upper boundary of the descending wedge, which suggests a weakening bearish trend and the possibility of a new bullish phase. The target for this bullish movement could be around the $84 level, where previous resistance lies. Traders should watch for continued higher highs and higher lows to confirm the upward trajectory, and consider long positions as the price action aligns with this bullish reversal signal.Longby Sober_TradingUpdated 6
Crude oil - rangebreakingBoth Brent and WTI continue to frustrate investors. Last week saw both contracts break below significant support in a move which suggested further weakness to come. But prices reversed sharply and rallied back above resistance yesterday, signalling the likelihood of a breakout through the top of a range which has been building since the beginning of this month. Yet having smashed through resistance, crude reversed direction again, pulling back from Wednesday's month-long high, and dropping back into its rough trading range. What to make of it all? As noted yesterday, this market has form when it comes to wrongfooting traders, and there’s no reason why that shouldn’t continue to be the case. The market has repeatedly shrugged off geopolitical concerns, but remains unsure of the outlook for future demand growth. In this regard, there is considerable uncertainty about the state of China’s economy, and how that will affect crude imports. At the same time, there are worries about how the US economy will perform now that the Federal Reserve has forced the market to dial back its interest rate cut expectations. Add in this weekend’s OPEC/OPEC+ meetings and volatility is perhaps the only thing traders can take to the bank. by TylerNorcross0
USOIL - where is current support? holding or not??#USDOIL.. market placed 80 plus day high and dropped again . now market have a supporting area here, keep close it because if market hold it then again bounce expected from here, don't be lazy here. good luck trade wisely by AdilHussain7313333
USOIL/WTI - LongBullish divergence on 1H, 4H, 1D Trendline breakout Entry on retest at Fib 0.5Longby Mibbro2
USOIL BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! We are targeting the 77.96 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 2210
USOIL SLIP DOWNSIDE Hey there on 1hTF the USOIL has looks for here downside After reach 80 and quickly drop now will expect can be reach 77Shortby DvsTraderfirm0
USOIL: Current oil prices are widening their fluctuation rangeUSOIL: Current oil costs are widening their fluctuation range. The short-time period upward fashion because of climate facts in North America and Texas reasons short-time period worries approximately oil output on this region. However, withinside the future, oil costs will nevertheless generally tend to lower and watch for bulletins from OPEC+. We can see that individuals of OPEC+ and Russia have all proven symptoms and symptoms of growing production, so the chance of a lower in oil costs is surprisingly high. Consider promoting across the modern rate range. Target is 76$/1 barrelLongby TheLeader_WOLF0
oil 30mOn the upside, the 55-day Simple Moving Average (SMA) at $81.31 and the descending trendline at $81.85 are forming an area with a lot of resistance.Longby EMDE50
Crude oil continues to run in the 77~80 rangeCrude oil continues to run in the 77~80 range, waiting for a breakthrough, continue to sell high and buy low Crude oil technical analysis Daily resistance 79-80, lower support 76.8 Four-hour resistance is 79-80, and support below is 77-76.8 Crude oil operation advice: Crude oil was under pressure at the 79.2 mark yesterday and ushered in a weak and volatile downward breakthrough. The Asian and European prices fluctuated sideways and came under pressure near the 79 mark, then fell back and fell rapidly, falling back to a weak rebound near 78.2. NY time was under pressure at the 79 mark and ushered in an accelerated decline. Finally, the price fell to around 77.6 and stabilized. The overall price appears to be suppressed at the 79 mark. Short-term oil prices continue to show a daily red-green cycle rhythm. Today, the lower support focuses on 77.2-77, and the upper pressure focuses on 79.5-80. The day will continue to rely on this range to maintain a wide range of long and short shocks. The watershed between short-term long and short strength still focuses on the 80 integer mark. Before the daily level reaches 80, it will continue to maintain long and short shocks between 77 and 80. BUY:77.0 near SL:76.70 BUY:76.8 near SL:76.40 BUY:79.6 near SL:79.30 Technical analysis only provides trading direction! Longby ActuaryJUpdated 6
WTI New Trend BeginningWe can see on the 4H that the downtrend has been broken, waiting for a confirmed retest of the old trendline before entering. We could see consolidation for a little while however. Swing trade.Longby LockoTrades3
Short Crude OilOn Daily Chart and 4H chart we created the megaphone(broadening formation) so I would check the top boarder of the formation and look for breaking market structure. Shortby rafael_kyrdanUpdated 2
Crude Oil: Long Position Amidst Support and SeasonalityWe are considering a long position on crude oil, given that the price has reached a significant support area. This support level is reinforced by a divergence observed on the Relative Strength Index (RSI), suggesting a potential reversal in the current trend. Additionally, seasonality data supports the likelihood of a bullish movement during this period. The convergence of these technical indicators and historical trends strengthens our conviction for a long setup. The RSI divergence indicates that the recent downward momentum may be waning, while the support area provides a strong foundation for a potential price rebound. Furthermore, seasonality data, which highlights recurring patterns in price behavior during specific times of the year, suggests that crude oil prices are poised for an upward movement. In light of these factors, we are looking to establish a long position on crude oil, capitalizing on the technical setup and historical data that align to suggest a favorable entry point for a bullish trade.Longby FOREXN1Updated 115
usoil analysisusoil broke out the downtrend, and started a correction after the breakout, i expect that usoil is retesting the support zone on golden zone fibbo, before going bullish.Longby Hassanberjawi4
USOIL - NEW BREAKOUT ! After a huge bearish move (double top pattern) The USOIL reached the support level (77.98 - 76.82) and failed to break it! The price formed a rectangle pattern. Currently, The resistance level and line are broken. So, I expect a bullish move📈 ---------------- TARGET: 83.20🎯Longby Hsan_BenhmedUpdated 8818
US-OIL - LONG Technical Trade Summary Entry = 79.406 Target 1= 82.283 Target 2 = 85.000 Risk : Reward= 2.33 Follow and Boost and my ideas!!! Let's grow together. Longby ForeignCapital_fx111
CRUDE OIL (WTI): Is That a Bull Trap?! Crude Oil may drop after a potential bullish trap: we see a bullish inducement and a violation of a key horizontal resistance, followed by a strong bearish imbalance. I think that the market may drop at least to 78.8 level. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader1115