WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher.
Buy entry is at 80.206 which is an overlap support.
Stop loss is at 76.500 which is a level that lies underneath a pullback support.
Take profit is at 83.301 which is an overlap resistance that aligns close to the 161.8% Fibonacci extension level.
High...
The price of oil reached 81 dollars per barrel
WTI crude oil has been playing around $80 for the past two weeks, and the sell-off earlier this week suggests it may not reach $80.
But curbs in the U.S. this week finally managed to push oil to its highest level since early November.
WTI crude oil price increased by $1.64 to $81.35 today in the second day of price...
WTI Crude Oil Technical Analysis
Crude oil maintains its bearish trend after weaker US data beat. what next
Crude oil continues to decline for now amid weaker US data and a break above the $80 level.
On the supply side, nothing has changed as tensions in the Red Sea remain and OPEC+'s extension of voluntary production cuts into the second quarter did not boost...
WTI oil (USOIL) has just bounced off a pullback support and could potentially climb higher from here.
Buy entry is at 77.293 which is a pullback support.
Stop loss is at 75.600 which is a level that lies underneath a pullback support.
Take profit is at 79.914 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a...
Natural gas has started the week off on a bad note.
Nat gas has lost the key weekly volume gap fill at $1.8622
This was the line in the sand that the bulls needed to maintain.
The fact that Natural GAs has lost the key supply zone shapes up for a likely bearish move lower. We are holding the 20 Day MA so Bull have one last hope at this level. Hope typically...
Hey Traders,
Oil opened higher as market sentiment feeds in and traders buy on fears of supply problems.
This can cause rapid movements up or down, and it's a good idea to be prepared for them.
Here's my labelled price zones to note.
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 78.007 which is a pullback support.
Stop loss is at 76.800 which is a level that lies underneath a pullback support that aligns with the 38.2% Fibonacci retracement level.
Take profit is at 80.834 which is a pullback resistance.
...
WTICO/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Upon examining the WTI (West Texas Intermediate) crude oil chart, we observe a robust bullish trend, accompanied by a retracement to the 78.6% Fibonacci level. This significant pullback warrants attention, as price action appears poised for a deeper correction.
In our analysis, we consider historical price swings, taking into account seasonality patterns from...
Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline.
Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight.
If oil holds above $80 it's going to try to...
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 77.912 which is an overlap support.
Stop loss is at 77.000 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 79.523 which is a pullback resistance.
High Risk Investment...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 75.867 which is a pullback support.
Stop loss is at 75.300 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 77.329 which is a pullback resistance.
High Risk...
Price action analysis for Crude Oil.
Important key levels.
Potential scenarios.
Trading plan explained.
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WTI
Oil fell as Gaza talks began in Paris.
WTI crude fell $1.80 to $76.56 today, largely due to the prospect of a ceasefire in Gaza over the weekend.
Israeli officials have arrived in Paris for talks that also include Egypt, Qatar and the United States.
In late January, a six-week ceasefire was proposed and the release of 200 to 300 Palestinian prisoners in...
