Oil futures are struggling to regain their footing this week as traders perceive that risks of the Middle East tensions impacting supply have eased. The lack of damage or casualties following the retaliatory attacks Israel launched on Iran on Friday has led Iranian officials to deny any further retaliation from Tehran, a successful effort from diplomats who have...
This is a simple project that is looking for two possible scenarios in the unfolding of events. The most important phenomenon that will be relevant in analyzing and possibly trading this instrument using the elements in the snapshot, is the price action at the shapes. If coincidences of price action near the shapes or icons occur, we can treat them as potential...
On a today's live stream, we spotted a very bullish pattern on WTI Crude Oil: inverted head and shoulders formation after a test of a key horizontal support. We see a confirmed neckline breakout of the pattern. It increases the probabilities that the market will go up now. Target - 84.5 ❤️Please, support my work with like, thank you!❤️
Dear Oil Robbers, This is our master plan to Heist Bullish side of OIL Barrels. My dear Robbers U can enter at the any point above my entered area MA Pullback, Our target is Red Zone Snake Trap Zone. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan...
📊 According to the upward movement momentum of the price, if the range of 83.20 units is broken and the price stabilizes above it, the price may increase to the range of 84.00 units🎯, and in case of strength, the range of 85.00 units🎯🎯. 📊 Otherwise, the price may drop to the range of 82.00 units.
Bullish indications: Major support respected at 80.76 Double bottom formation in 1 hr time frame. Bullish divergence in 4 hr time frame. Inverted hammer in 4 hr time frame. Fib level 0.618 respected. Bearish indications: LLLH Trade plan bias long @ 81.48 SL:80.58 TP1:82.42 TP2:82.91
We are looking for a buy setup in USOil. The price now stays in the major breakout level. Now we can look for a buy above 83.25
Take a look at our analysis for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 82.08. Considering the today's price action, probabilities will be high to see a movement to 83.80. P.S Please, note that an oversold/overbought condition can last for a...
Market Analysis: Oil Price Regains Strength Crude oil price is rising and it could climb further higher toward the $85.50 resistance. Important Takeaways for Oil Prices Analysis Today Crude oil prices are moving higher above the $82.00 resistance zone. There was a break above a connecting bearish trend line with resistance at $82.00 on the hourly chart...
After wicking 2 previous day lows on monday 22/04 and testing daily support zone(71.5 - 81), price then formed a W pattern and gave a bullish engulfing. Combined with weak US Dollar I'm gong inclined. Awaiting price to breach the resisting zone we are at the moment. Note that OIL is on bullish trend long term.
As the morning we had a good run in Oil. with an impulse run we got the Tp. Now the price dropped to bottom The price is now planning to retrace to 60% of the Impulse leg. lets take a buy.
Crude Oil Technical Analysis Daily resistance is 83.4-85.7, support below is 80-78 Four-hour resistance is 83.4, support below is 81-80 Crude oil operation advice: Crude oil fell first and then rose yesterday, ushering in a deep v bottom, rebounding and breaking through the high. The price of the Asian and European markets was under pressure and fell back to the...
Long profit zones are where sellers would come in to change the direction of the trend. hence if your holding long try to at least hold for TP zone 1 and look for sell in TP zone 1 and TP zone 2
trade safely and respect the trading plan as well as the strategy!
The crude oil market is as expected. The Asian and European markets are falling. The US market continues to be optimistic about the bulls. The market has tested as low as 80.7. Our stop loss is placed at 80.5. The US market still maintains low and long positions. The lower defense is placed at 80.5. The target is first. See if 82.5 breaks. If it breaks 82.5, it...
Could this be the next BULL RUN for USOIL? Based on what price action is showing, the market is testing a strong major structure. The market is still bullish on Weekly TF. We could probably see an uptrend movement by this week. Let's see how this will play out. Feel free to share your ideas
Brent and WTI were both lower this morning, giving back much of yesterday’s gains. Prices have recovered a touch this afternoon, yet both contracts appear to be consolidating again, following last week’s sell-off which itself followed a lengthy period of sideways movement. But whereas the latter occurred around significant resistance areas of $85 per barrel for...
d1: pinbar has been created when the price into strong demand zond h1: liquidity is sweep, and bullish engulfing has been made, so open a buy limit order