Western Texas Intermediate, the US crude oil benchmark, is trading around $82.20 on Tuesday. The black gold edges lower as ceasefire talks between Israel and Hamas in Cairo alleviated the fear of a broader conflict in the Middle East.
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West...
Western Texas Intermediate, the US crude oil benchmark, is trading around $82.45 on Thursday. The black gold edges lower as the fear over wider conflict in the Middle East fades. Additionally, the hawkish tone from the Federal Reserve boosts the US dollar and caps the upside of black gold.
Crude oil is one of the most in-demand commodities, with the two most...
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 82.33 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 80.50 which is a level that lies underneath a pullback support.
Take profit is at 84.67 which is an overlap resistance.
...
🛢️📉 USOIL Market Update: Cup and Handle Breakdown! 📉🛢️
TVC:USOIL
Attention, traders! USOIL has shown a pivotal development at the top of its uptrend with the formation of a cup and handle chart pattern. We've now observed a breakdown of the handle, accompanied by an increase in volume, signaling a strong entry point for the selling side.
Key Details:
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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🎯
The fall in crude oil is a buying opportunity. The long-term target is 88-90 US dollars. You can follow my trading strategy in the long term.
All my current transactions maintain 100% accuracy. If your account is still losing money, you can follow my signal trading and I will help your account make profits quickly!
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:USOIL #Usoil #commodities
USOIL is struggling to break through the resistance 😫
Momentum now seems to favor the bears🐻
If the support line breaks down then price heading towards $73🎯 which is the wedge support line
WTI Oil (USOIL) made a solid (Higher) Low at the bottom of the Channel Up pattern and started rising as we discussed on our previous idea (April 22, see chart below):
We now need to take it a time-frame lower to 4H as on Friday the market formed the first 4H Death Cross (4H MA50 crossing below the 4H MA200) in almost 7 months (since October 10 2023). This has...
hello Traders, hoping all are enjoying your days here.
The price of the crude oil surged to the uptrend now and its time to pullback to reach 87$. I will go through in the Bullish if the price doesn't break 80$ lower level. If the price goes down little bit I will wait for this opportunity to go through in the bullish. I am looking my first target near 82.90...
USOIL
Ok I've got my bearish hat on today 🤠.
Starting to look at the possibility that rather than this area being accumulative that it may be the 3 wave pattern that we have seen in many charts and in multiple markets.
It is everywhere.
It is of course the 3 wave correction where the 3rd wave is the shallow Wyckoff Creek.
In this instance it is the Inverted...
Hey traders! 📈 Today, let's dive into an analysis of WTI crude oil, which is currently priced at $81.40.
🔍 Technical Analysis Overview:
WTI has landed in an intriguing spot on the charts, sitting at the lower end of the golden pocket and showing signs of divergence. This convergence of technical indicators suggests a potential bullish move on the horizon.
📊...
The most controversial natural gas FX:USOIL has been on a path of confusion for me, and I'll explain below.
Firstly, under technical knowledge, USOIL is in a scenario of compression!!! as it is trending shy outside of its major ascending trend line and a break of the descending major trendline!
These guys alone are big problems and have enormous power to alter...
Crude oil market analysis
Crude oil is much simpler, and crude oil forms a multi-bottom form near 80.00, so we stick to the optimistic idea that a return to support is a buying opportunity!
The size trend of crude oil is bullish, the weekly close is small, this week may see optimistic performance, the recent crude oil inventory data is to support the bullish...
USOUSD is in a correction period. The price has an opportunity to retest the 81.12 and 80.05 support zones. If the price cannot break through the 80.05 level, there is a chance that the price will rebound. Consider buying a red zone.
>>GooD Luck 😊
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Crude Oil Technical Analysis
Daily resistance is 85.7, support below is 83.4-80
Four-hour resistance is 85.5-85.7, and support below is 83.4-82.5
Crude oil operation advice: Yesterday's volatile market ushered in a deep v bottoming and rebounded. The Asian and European market prices were under pressure and fell back to the 83.3 mark. The US market stepped down...
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...
WTI Crude Oil formed a huge head and shoulders pattern on a daily.
With the release of the yesterday's fundamentals, the market dropped
and sharply violated its neckline and a solid rising trend line.
2 broken structures compose the expanding supply zone.
I will look for shorting from there,
anticipating a bearish continuation at least to 77.8 support.
...
