Oil found a strong support zone near 77.8 From the graph it is clear that the price has reacted in this area in the past as well. On the left side of the chart, the price tested this zone 4 times and turned back up. It's a risky trade, but there's a chance it will go up again in the short term and it's consistent with previous moves. Resistance will be found...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
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.
Previously, there was an upward reaction from the 7700 support. Now it has received an upward reaction from the Fib channel support. My opinion is to test the fib channel support again and 7970 will rise.
This is my Setup to go LONG on XTIUSD. Market has mitigated the demand and supply zone on daily-timeframe and given a valid CHoCH on 4Hour time-frame.
For now I see no other way for this, a trigger of stop loss could be the potential start of a bigger move down
Hello everyone, WTI Oil 4H NEW FORECAST The price of oil shows additional negative trading at the opening of the day, reaching the outskirts of the 78.32 level, and we expect the negative pressure to continue to break this level and open the way to achieving additional negative targets that reach the 77.59 areas as the next main station. Therefore, the...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. US-OIL QUICK UPDATE. 📚 👉As we can see US-OIL price is still overall bullish as we mentioned in our previous attached on the chart, we are interested in looking for new longs as a trend-following one. 📚 👉Meanwhile, price...
CHOC BOS Orderblock Breaker block and inducement as confluences
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 79.77 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 80.80 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at...
Hello,Friends! The BB lower band is nearby so USOIL is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 79.27. ✅LIKE AND COMMENT MY IDEAS✅
Usoil broke out of the ctl inner ctl i am short back to that demand zone as the third touch of the trendline has held and also Fibonacci and minor level with head and shoulder pattern
Ascending trend line holds price and can push it to goes high again. Double bottom potential in lower timeframe and zigzag pattern can cause price rise again. Trade safe. Good luck.
market come back to the supply we see price action can't break this supply until now so my vision is the price can't sweep the last lower low we may look for buy targeting buyside liquidity
Oil price get interesting at 61.00. after the sell off, price made a low that has been intact for quite some time. the low has been bought a couple of times as well. Clear sign that 61 could potentially hold as price gravities back towards 61.00
short term bullish order block to stop run around 79.8-80.5 amidst trial speculation
unexpected rise in US crude inventories further soured the sentiment on rising demand concerns.The price hit the lowest in almost two months, with fresh acceleration lower signaling continuation of larger downtrend from $87.61. Technical Analysis On Friday, oil hit 200 SMA , at 79.8, but quickly being pushing back to the support level at 77.7 Further Drop...
✅CRUDE OIL is going down to retest a horizontal support of 77.00$ Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 78.81$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅