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
Israel retaliated against Iran overnight, which saw the price of WTI crude oil jump nearly 4.5% before giving up some of its gains. Per media reports, three large explosions were heard in the country's south, and the U.S. official announced Israel successfully hit some of the targets, something Iran was quick to deny. Without regard for damages, it is already...
HELLO FRIENDS
As I can see USOIL has Break the triangle zone and now trading above 80$ as we said in our previous analysis, we are more bullish on Gold with Technical and Fundamentals views as we all know the War is still going on and US Gov supporting all his allies with billions of $ and there is no Ceasefire in near term. Iran is now entered in this War Plan...
The overall trend of crude oil hit the bottom yesterday, and the rebound did not break after testing 80.7 for the second time. It's still going strong. A positive hammer line collected on the daily chart. A close like this meant the market would rebound, and it has now. The key pressure level is 83.6. As long as the market does not break here, the market will...
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...
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...
Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 82.07 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 - 83.70
Recommended Stop Loss - 81.04
About Used...
USOIL is struggling to break through the resistance and further rejection could send price back to Fib support price of $79.
If we breakthrough the resistance then upside price target of $89. After that we can go as high as $96.
Momentum now seems to favor the bears🐻
If the support line breaks down then price heading towards $73🎯 which is the wedge support line
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
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....
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...
- Crude oil had a retracement on daily time frame towards trendline.
- Price has retraced to 0.5-0.618 zone, a bullish momentum from here can break previous highs
- A bullish divergence has also formed with double bottom pattern on hourly time frame.
- Mulitple confluences make this a good buy opportunity for long.
After a brief adjustment, crude oil is expected to resume its upward trend. It is advised to wait for opportune moments to continue taking long positions on crude oil, with upside targets focusing on the $88-90 range.
All signals I issued in April have resulted in profits, maintaining a consistent 100% accuracy rate. Weekly profits of at least 200% can be...
Hello,Friends!
We are targeting the 80.21 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.
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