**Monthly Chart** Last month's candle closed Bullish suggesting the trend to continue moving higher towards testing MC level of Oct 2023 at around 90 level. This month candle continues the bullish move and now moving near the low of Oct 2023 bearish MC at around 80.79 level. If the price is able to break this level, then next target will be around 90 level. ...
WTI oil (XTI/USD) could rise towards an overlap resistance at 84.35 which has been identified as a pivot point. Could price stall around this level before potentially making a weak bearish reaction? Pivot: 84.35 Support: 79.79 Resistance: 90.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
The oil keeps breaking higher high bullish market structure you can take trades on a retracement at 1 hour, 15 min timeframe until market respects higher low
USOIL is trending up on the 4H time frame, we are looking for an entry point at the 61.8% retracement level with targets being the current price swing high and a 50% measured move. SL below the previous swing low.
Oil holds steady around $80.60 area, just below the YTD peak touched on Thursday West Texas Intermediate US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day. Crude oil is one of the most in-demand...
Trend shifted showing divergence and series of higher high and high low, Put buy stop order above the mentioned point Stop loss and take profit points are mentioned
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
The bigger picture remains ambiguous about what will happen when the price rises to around $83-85. The blue and black scenarios are concrete; wave should contain either a diagonal or an impulse. The green scenario is the least certain because wave b could be anything. However, given the time it took to get to where we are now and the growing disproportions,...
Oil/USD Sure, here's a precise summary of "Higher High" with bullet points: - **Definition**: - In technical analysis, a "higher high" refers to a peak in the price of an asset that surpasses the previous highest peak. - **Indicator of Upward Momentum**: - Signifies an upward trend in the price of the asset. - Typically seen as a bullish indicator by...
Last week, the price performed exceptionally well against the outlook. The price formed (W)(X)(Y) with a distinct triangle in wave (Y) and rallied strongly. This occurred when the majority of other analysts, both technical and fundamental, became bearish, casting doubt on us as well. However, our Elliottwave technique proved to be superior at that point. We...
Hope you rode the 77.5 and stayed alive - resistance at Nov- .5-81.33 / 81.25 num . Sun open option cross up for blue fib grain and mid mth 82.5 or bear cont. and drop to test 80 - 78.75 . I'll post updates on Oil-Brent chat as usual . Keep your stick on the ice..good luck . Boosts appreciated .
hope you rode the 77.5 and stayed alive - resistance at Nov- .5-81.33 / 81.25 num . Sun open option cross up for blue fib grain and mid mth 82.5 or bear cont. and drop to test 80 - 78.75 . I'll post updates on Oil-Brent chat as usual . Keep your stick on the ice..good luck . Boosts appreciated .
West Texas Intermediate US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day. Formally unified as a republic in May of 1990, Yemen has become the main character in the continued story of oil prices....
Crude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the...
Crude oil as a whole this week is going through a complex shock rebound. I have previously emphasized that from the perspective of the time cycle, the overall future focus will be on whether the low on the 26th breaks below. If it does not break below, the overall trend will be a shock upward, but we still have to wait for time to break through. This week, it...
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Hey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 80.20 zone, USOIL was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 80.20 support and resistance area. Trade safe, Joe.