Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline.
Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight.
If oil holds above $80 it's going to try to...
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 77.912 which is an overlap support.
Stop loss is at 77.000 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 79.523 which is a pullback resistance.
High Risk Investment...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 75.867 which is a pullback support.
Stop loss is at 75.300 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 77.329 which is a pullback resistance.
High Risk...
Price action analysis for Crude Oil.
Important key levels.
Potential scenarios.
Trading plan explained.
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WTI
Oil fell as Gaza talks began in Paris.
WTI crude fell $1.80 to $76.56 today, largely due to the prospect of a ceasefire in Gaza over the weekend.
Israeli officials have arrived in Paris for talks that also include Egypt, Qatar and the United States.
In late January, a six-week ceasefire was proposed and the release of 200 to 300 Palestinian prisoners in...
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 78.007 which is a pullback support.
Stop loss is at 76.200 which is a level that leis underneath a swing-low support.
Take profit is at 79.727 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin...
Today's focus: Oil
Pattern – Resistance re-hold
Support – $77.21, $76.30
Resistance – $78.85
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil on the daily chart.
Today, we have broken down how we see price and key levels. Once again, we have seen resistance re-hold and a new move lower after tests failed. Will we see a new...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 77.326 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 75.200 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 75.850 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 74.800 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is...
Weekly market breakdown of DXY and the possible trade ideas that are setting up. We go over GbpUsd and EurNzd as two potential movers this week. As well as a weekly look at some gold setups. Markets will be patient and slow waiting for Tuesday's CPI numbers and then we should see a nice break.
Multiple time frame analysis for Crude Oil.
Daily/4h time frames analysis.
Price action, key levels.
Bullish outlook explained.
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WTICO/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Today's focus: Oil
Pattern – Support Hold
Support – 71.80
Resistance – 78.80
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil.
After a solid three-day decline, buyers have put up a fight from 71.80, but is this enough to hold the current uptrend? A break below yesterday's bar with a trend break could suggest that the current...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 72.976 which is a pullback resistance.
Stop loss is at 74.650 which is a level that aligns the 38.2% Fibonacci retracement level and sits above a pullback resistance.
Take profit is at 70.729 which is a swing-low support.
High...
When the facts change so do I. This is an update to my Oil chart I posted back on Christmas 2023
Explanation of how Oil Bulls should handle this chart setup with reduced risk.
