XTI/USD is rising towards the pivot which acts as a pullback resistance and could reverse from this level to the 1st support. Pivot: 80.16 1st Support: 77.93 1st Resistance: 81.91 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Could this be a possible SELL for USOIL? From my own point of view I still see the trend is still bearish. Currently the market is testing Fib area, we could possibly see selling pressure to the downside. Let's see how this will Play out.
Hello everyone, WTI Oil 4H NEW FORECAST The oil price shows some upward tendency after touching the 77.64 level, and may head towards testing the 79.50 level before returning to decline, noting that the price is facing conflicting technical factors that may cause sideways trading between the mentioned levels. Therefore, we are likely to witness sideways...
It's easily seen on #usoil 1D cs. chart, price made a huge W bounce months ago. After the bounce price has been in the correction of this bounce and may not be dipped yet, but after dip in mid/long term (takes months, 1-2 years), #oil price may reach the previous ATH.
Oil prices fell early Tuesday following a report that U.S. inflation increased more than anticipated, diminishing prospects for a reduction in U.S. interest rates. Meanwhile, OPEC maintained its positive demand forecast for 2024. West Texas Intermediate crude for June delivery decreased by $0.47 to $78.65 per barrel, and July Brent crude, the international...
Relying on trend resistance to go short, tp 77.9/77.2
WTI Oil (USOIL) eventually did give us the bearish break-out trade as per our last outlook (April 29, see chart below) following the first 4H Death Cross in 7 months and easily hit our 78.00 Target: As you can see, the expected Channel Down was formed and the price has been consolidating on the Higher Lows trend-line and the 1D MA100 (green trend-line) for 8...
Hey there on 1htF the USOIL will look at this level from 78 to 79 and then go upside and downside will touch 77
WTI oil (USOIL) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 78.02 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 76.60 which is a level that lies underneath a swing-low support. Take profit is at 79.87 which is a pullback resistance that...
USOIL is trading above bullish trend line on 4 hr and daily timeframe. A head & Shoulder pattern appeared at recent high level with bearish divergence on both 4 hr and daily time frame. after completing H&S pattern, USOIL breached bullish trend line and now is trading below this line. if bears get strength in coming days then there is possibility that it may go...
Double top form, sell, the first tp point is the previous low near 77.9, if the previous low support is invalid, after falling below, the second take profit is 77.2, if the previous low support is valid, close all orders.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 78.13 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 - 78.81 About Used Indicators: Pivot points are a great...
#USOIL Buy Idea ................................................................
A "bullish Bat" is a harmonic trading pattern that traders use to identify potential reversal points in the financial markets, particularly in stocks, forex, and commodities. It's part of a group of patterns known as harmonic patterns, which are based on Fibonacci retracement and extension levels. The Bullish Bat pattern is characterized by specific Fibonacci...
We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half trade the price need to break the trend line
I expect oil to rise in the next few weeks. On the daily chart we see liquidity (circles) and a very very strong saport at 77.40. I expect oil to start rising from 78.09 or the aforementioned 77.40. At each level I will watch the Order Flow Chart. in case you don't have O.F.CH. so watch the level if the price closes above or below the level it will tell you if the...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!