The Middle East hostilities have so far not created any substantial impact on oil traffic and USOil (WTI) faces pressure, as fears of a broader Israel-Iran conflict subside. Israel has reportedly retaliated for Tehran’s recent missile and drone strikes, but both sides appear to downplay the matter, diminishing the risk for further escalation. Looking at the...
Pivot
81.50
Our preference
Long positions above 81.50 with targets at 82.60 & 83.20 in extension.
Alternative scenario
Below 81.50 look for further downside with 80.80 & 80.20 as targets.
Comment
The RSI calls for a bounce.
Supports and resistances
83.80
83.20
82.60
82.27 Last
81.50
80.80
80.20
Number of asterisks represents the strength of support...
Oil decreased during London session as we were anticipating from our last Analysis. We are still anticipating a further decrease in the medium term but in the short term here we may pullback. This is what the price action is telling us as we have pin Bar candles on the 1hr and 4hr charts that printed at our 2 daily support level's 81.22 and 80.64. This suggests...
WTI oil (XTI/USD) has made a bullish bounce off the pivot. Could this commodity potentially continue to climb towards the 1st resistance?
Pivot: 81.86
1st Support: 80.62
1st Resistance: 85.42
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...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 80.47 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 78.80 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is...
Oil reached a support level again.
We haven't broken the rising trend yet, we can expect another rise.
I trust that we can also make a small profit with this.
✅CRUDE OIL has retested a key support level of 80.50$
And as the price is already making a bullish rebound
A move up to retest the supply level above at 83.00$ is likely
LONG🚀
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The pair after its turmoil bear run have shown sign of strenght. The pair have made a double bottom reversal pattern. Entry for long with mentioed prices are shown.
Current global events are stoking fears of oil prices reaching over $100 before autumn. In these market environments its better if we look for buying opportunities like right now.
$81 demand area was strong enough to hold the falling prices and its a confirmed buy if the price breaks above $82 and retests it once again before rallying to at least $85 supply zone....
These are all my opinions
might seem unbelievable at its current pace but I still see higher prices on EVERYTHING real that humans use every day. Food, housing, energy, anything tangible. But is energy setting up for a moonshot and are the war drums beating strong.
Now i'll keep it to what I see in this chart in WTI crude vs Mcdonalds. WHy Mcdonalds, well MCD is...
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 81.78.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 79.47 level.
P.S
Please,...
Hello,
We've identified a current opportunity to buy WTI Crude Oil with a high probability and a good risk-reward ratio of over 3 in the 4-hour chart. Our target is $85 within a few days (Swing trade).
Ibrouri
WTI Oil (USOIL) hit the 1D MA50 (blue trend-line) today for the first time since February 07 and touched the bottom of the long-term Channel Up, forming a Higher Low. This is only 2 weeks after the formation of a 1D Golden Cross, the first since August 22 2023.
That Golden Cross was also formed during a correction, which eventually kept the 1D MA200 (orange...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
US-OIL QUICK UPDATE. 📚
👉As we can see US-OIL price is still overall bullish making clean higher highs and higher lows trading inside this rising channel. 📚
👉Meanwhile, price started a new correction movement, and as the...
Crude Oil - Trend Reversal - Forcasting to Price 73.821 - Crude Oil forming Head and Shoulder Pattern. Currently Right shoulder is not confirmed wait for its formation.
After this month's acceleration in Crude Oil (WTI) prices, the commodity looks poised for reversal after having experienced a considerable run-up out of a wedge pattern, commonly associated with a broad formation, given its uncertainty. The spike in price led to the formation of an Irregular Top which by its very nature implies a bearish move to follow.
Given the...
