The release of U.S. EIA crude oil inventory data and the Federal Reserve's interest rate decision may bring external interference to the trend, so U.S. oil needs to be careful in the short term. The bullish tone at the daily level has been locked in. A firm hold at 80 will lay the foundation for medium and long-term bullishness. As long as there are no major...
Dear Colleagues, price has reached the minimum acceptable target of 61.8% Fibonacci extension at 82.94 and now I assume that wave C will be equal to wave A. This is quite a risky forecast, so I recommend to take risks and enter with a risk of no more than 1-5% of your deposit. My target is in the area of 100% Fibonacci extension at 85.00. Manage your capital...
WTI oil (XTI/USD) could fall towards a pullback support at 82.53 which has been identified as a pivot point. Could price bounce off this level to resume the bullish uptrend? Pivot: 82.53 Support: 80.32 Resistance: 84.08 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...
1. overall market = bullish 2. 4H = bullish 3. 1H = bullish 4. market is testing HL 5. 1H - hammer candle at HL and Trendline Buy above 1hr doji close entry 82.550 Sl 82.00 Breakeven 83.250 TP 83.750
WTI is trading in bullish as it is printing "Higher Highs" and "Higher Lows".
In this chart we have seen a series of HH & HL but in the rising wedge formation which means if it breaks the previous HL then it will rally a down trend. We also spotted a bearish Divergence which also support the short entry
Hello,Traders! CRUDE OIL keeps growing But will soon hit a horizontal Resistance of 83.64 from Where I will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Crude oil has officially broken its head and shoulders neckline. Targets are noted on the chart!
Dear Colleagues, I believe that the upward movement is not over yet. At the moment we are witnessing a combined correction and I expect wave B to end at 79.99, after which I expect the upward movement to continue in wave C to the 61.8% Fibonacci extension at 82.94. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Oil has pulled into daily zone, being in the 50-618 fib zone with resistance to the left. Overbought on RSI in every time frame. Expecting some profit taking. Can easily retest ascending trendline or even break it if selling pressure ensues here. Weekly didnt make a proper retracement for liquidity in my opinion so a test of 80.00 should happen this week.
Crudeoil Study on 15 min time frame Uptrend continuation This chart is only for educational purpose
Crude oil’s weekly support is 79.70, daily support is 79.90, one-hour support is 81.60, and four-hour support is 80.40. Yesterday, crude oil rose from 80.50 to 82.50, and the market currently maintains a bullish trend. Crude oil recommendation today: Go long at 81.60 for U.S. crude oil WTI, stop loss at 81.15, look at 82.80
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
We notice that we have a change in trend for the 15-minute frame, and for the daily frame it is a correction to the downside. We are waiting for the buying momentum to weaken to sell in the long term,and there is a divergence
Following a post where two potential targets, A and B, were discussed at the same table, it is evident that oil has surpassed the resistance level and is poised to rise towards 84.9 in the near future.
Hello Traders, Base on technical and wave analysis we see this scenario for #USOIL for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Crude oil was prompted to go long near 81-81.1 yesterday, and it was also profitable yesterday. So how to trade today? If there is a correction in U.S. oil today and tomorrow, and the retracement below is in the 81.5 and 81-80.7 areas, it can be regarded as an opportunity to enter the market with short-term long orders.