BLACKBULL:WTI is set to consolidate at around the $75.00-$80.00 range, after failing to decisively break the November 22 swing low of $73.85, which could have exacerbated a drop to $70.00 per barrel. That said, WTI’s success in registering a daily close above $75.00 could open the door to test the first resistance at the 20-day moving average (DMA) at $77.62...
Hey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 76.50 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 76.50 support and resistance area.
Trade safe, Joe.
As charts, it probably to stay narrow range in fibo 4hrs and it could have more than 8 bars
range 72-77 ; 5 usd approx. wait and see, what's goin on :)
In my opinion, this could be a good opportunity to consider a selling position after the anticipated pullback.the price is currently situated in monthly FVG zone , and the presence of liquidity and downward momentum on the weekly and daily timeframes further supports a bearish outlook.
If you have any specific questions or would like further assistance in...
On the daily chart, it looks as if WTI crude oil could go either way currently. It also looks as if the catalyst for the next move will be the OPEC+ ministerial meeting which was postponed to this Thursday from Sunday.
But a quick peek at the 4-hour chart (see above) shows definite positive divergence between price and the MACD. Prices have been trending lower...
Currently monitoring a short entry after the bounce from double bottom. Ideal short entry is near 76.25, to then reshort to 72 area on oil.. have a double bottom by the AD already at that level. If price action opens above 75.30, I expect it to be a short bounce and to be shorted soon. Also this bearish sentiment will. Bing the sp500 down.. I have a target short...
Looking at a long position on Crude Oil
Currently $74.25 as im writing this and looking for tp around $77.00 level
Stop loss is tight at $73.70
I have highlighted some signs of previous support that I believe has now turned into resistance around the $74 level.
from the market movement and what my analysis is saying I haven't gotten any confirmation yet but I will hold for today's candle to close then I can now take my entry on what I am seeing. happy new week
Usoil Buy Limit Zone
74.40 - 74.05
SL -73.70
Tp 1 : 30 pips
TP 2 : 60 pips
Tp 3 : Open
⚜Divide lot size in the zone with 3 layers
⚜Remember: We will have to enter direct with layering in zone ✅
1st limit start of zone
2nd limit mid of zone
3rd limit end of zone
We’ll have to count 30 pips that will be our TP1 from the latest layer that is being...
Last week, the momentum of crude oil has weakened, and next week will focus on the Opec meeting, which is mainly short before the meeting!
This week's profit is less, I will layout after waiting for the big trend!
**Monthly Chart**
**USOIL** is moving within a range between 94 and 63. The highest point was in Sept 2023 when it rejected the previous high of Nov 2022 and started moving lower. The lowest point was in May 2023 when it tested the low of Dec 2021 and the previous low of Aug 2021.
The long-term trend based on the monthly is bullish, whereas the short-term trend...
USOIL / 4H
Hello traders, welcome back to another market breakdown.
USOIL Broken from the range and the price now is in a deep-pull back. I'll be watching if the bulls can prevent the breakout from happening.
Trade safely,
Trader Leo
Nov 9
Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By Forex Planet
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This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding...
