Hi Traders ! Previously, The USOIL Price Formed a Bearish Double TOP Pattern. Currently, The Support Level (81.29 - 80.33) is Broken ! So, I Expect a Bearish Move 📉. _________ TARGET: 78.16🎯
Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 77.07. ✅LIKE AND COMMENT MY IDEAS✅
7/5/24 - As we can see, WTI could potentially done its bids and expecting it to starts offer out at this point. With the confluence of it reaching going back to 50MA. The only way WTI will offer out is the breach 50MA with volume. If it rejected it and price heading back to double bottom, I will see as my expectation of WTI going up invalid. All the best traders. - Nav
because of demand from USA to fill the SPR we can have a buy on WTI
Rebound in downtrend, buy, tp 77.7/78.3
Hello,Friends! USOIL pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 81.20...
Analysis: Price is extended towards the downside where potential retracement or even reversal is likely possible. Price may continue to dip further and more positions will be considered. Risk adverse traders should only enter smaller position for this initial position. Analysis: Long at market reopening as High Risk trade towards 79.66 as Take Profit - 1 level.
Hey there on 1htF the USOIL will see opportunity from upside 75 so we can see now sell side and then will go upside
TVC:USOIL is currently trading at a long term support trend line. Bullish divergence has also formed on the chart indicating potential bullish momentum if price can take out the lower high!
I believe that the lows are in. We should find support in this area here for a bounce.
The commodity is making LH and LL. Now it has taken a break and formed a bearish rectangular box indicating further downside. Entry can be taken at mentioned price.
WTI oil (XTI/USD) is rising towards the pivot and could potential reverse to the 1st support. Pivot: 80.97 1st Support: 78.33 1st Resistance: 82.56 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 suitable for all investors, so please...
The AB=CD pattern is a harmonic pattern in technical analysis that helps traders identify potential reversal points in the market. It consists of four price points, forming specific geometric shapes. The pattern is characterized by two equivalent price legs (AB and CD) separated by two other legs (BC and CD), where the CD leg retraces a specific Fibonacci ratio of...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.450 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 75.600 which is a level that lies underneath a pullback support. Take profit is at 79.900 which is an overlap resistance
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Started watching the H&S form on WTI. It's still early but has been worth keeping an eye on it.
WTIOIL approaching 1D OrderBlock Supply Level, Possilble Short Position.