CL OIL, H4 6 March 2024
Oil prices experienced a downturn, facing substantial pressure from the prevailing risk-off sentiment in the market, particularly in anticipation of the Federal Reserve Chair Jerome Powell's testimony scheduled for today. The heightened uncertainty has led to minimal volatility in oil prices as traders await the outcomes of the ongoing...
Crude oil market analysis
Today's crude oil is concerned about the position of yesterday's low, short-term weak shock, closed negative for two consecutive trading days, short-term can rebound empty it, but the large weekly line of bulls is not dead, if the short broke 77.00 this position, the weekly line of bulls trend is difficult to keep, last week's low...
Hello everyone. At present, crude oil continues to fluctuate at a high level on the daily trend, and the short-term moving average is basically in a flat state, tending to continue to maintain a relatively volatile trend in the short term. Currently, the 4-hour trend continues to fluctuate at a low level, and the K line continues to be under pressure. The...
📊 Due to the breaking of the upward trend, the price will move downwards if the range of 77.5 units is broken and the price stabilizes below it, the price may fall to the range of 76.5 units🎯 , and in the case of the strength of the range of 75.6 units🎯🎯.
📊 Otherwise, the possibility of price increase up to the range of 79.6 units.
The oil price supported by voluntary cuts reached the last year's November equal tops.
Throughout all of January, it was either growing or moving sideways on the Daily chart.
I think the first week of March will search an inside liquidity in the form of the recent Fair Value Gap (purple) before it continues upwards.
#WTI developed more pronounced (C) of Y of (X), but the count remains unchanged. It also appears that waves 1 and 2 of A have formed, and the price is poised to rally.
XBR accumulators is close to winning the battle. The last few days of continued net buying has pushed the price significantly higher with so much gusto and strength.
Price surged a weighty 2.2% last trading day.
On weekly histogram, higher lows has been recorded conveying of a long term trend shift. Pricewise, XBR is moving thinly at the current range -- closer...
USOIL is showing bullish structure on the daily and 4H timeframe,but we are currently in a pullback phase so im expecting some retracement to clear liquidity before we continue our upside
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...
The chart broke a long consolidation after a big downtrend. It took 2 months to break consolidation.
This chart may see upside run till 79-80$ in short time
If 79-80$ crosses then next target we may see 83.29$
This chart is only for educational purpose
Hello traders!
This is my idea related to USOIL H4. I expect the USOIL to go bullish after the retracement from the OB and supply area.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your...
I want to try this long, in my opinion probable reversal.
The real key regardless of any strategy is to have a decent risk/reward .
You win and you lose , so be cautious.
No financial advice, do your own research.
Oil prices declined to erase early week gains as traders continued to weigh the supply and demand outlook. OPEC+ agreed on extending production cuts till the end of Q2, while demand outlook remains fragile. The US oil is currently trading at $78.14, the next level of support could come in at $77.50 ahead of $75.70, while on the upside, the first line of resistance...
Hello everyone!
Here's my take on WTI:
OTE (Optimal Trade Entry)
Liquidity uptake.
An interesting zone.
An optimal Fibonacci.
No counter-trend.
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📊 Analysis on WTI:
👉 We're at an OTE (Optimal Trade Entry)
👉 Correction is underway
👉 A SOLID Order Block
👉 We're following the trend
👉 Targeting Liquidity $
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