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...
Kdipududdidixoudfififouffofifdoififkdufofuifudpfifpudpfidofpfufofifufiddiddipfufififofifofiflfidiflfoffkfguudfifufufof
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.
The oil price range (Range Box) on the daily chart is poised to break a significant resistance level. Amidst geopolitical tensions and regional unrest, crude oil has been in an uptrend and has reached a crucial resistance point on the daily timeframe. Analysis: Impending Resistance Breakout: If this resistance level is breached, the oil price could embark on a...
Follow the trend the trend is your friend which ever direction usoil want to head into we would know as we are sitting on our hands for what usoil want to do next
Lower high retracement near a high probability fib zone, with the uncertainty in the Middle East carrying on this could lead to a decline in the demand of oil and the green movement because EV vehicles are charging much quicker because of innovation which can cause the price of oil to experience a decline.
My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 80.97 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 79.55 My Stop Loss - 81.80 About Used Indicators: On the...
if retest 86, could hit 90 area later no comment on retest 100 or making lower low
Crude Oil broke and closed above a key daily resistance this week. The broken structure turned into a strong demand zone. We can expect a growth from the underlined blue area at least to 82.5 ❤️Please, support my work with like, thank you!❤️
Oil will jump to the hole sooner or later. The impact is tremendous when it comes oil vs gold. One ascendsand the other falls. Lets see next week what will happen.
oil prices are up about 3% in just two sessions. Oil traders saw bullish positions pay off after an unexpected drop in U.S. inventories. The U.S. Dollar Index was trading at 103.00 following the release of the popular PPI data. The short-term (1H) trend of crude oil continued to fluctuate upward and broke through the 80 mark, testing a new high of 81.30. The...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
Crude oil fluctuated upward on Wednesday, with a minimum of 77.5 and a maximum of 79.8 that day. The daily line closed at 79.5. From the daily line, the oil price has reached the upper track. Today, the focus is on the 81 line. If it rises to around $81, will there be strong resistance above? As far as the current trend is concerned, the price of crude oil has...
Yesterday, the bulls finally got the breakthrough they’ve been working on for months now. Ever since front-month WTI broke below $70 in mid-December, oil has been gently pushing higher, although every attempt to break above $80 per barrel has been firmly rebuffed. But the intensity of the attack on this level of resistance picked up significantly this month....
The financial market is fair to everyone. Since some people lose money, some people must make money. But if you want to make a profit in investment, there is no shortcut. You can only do your homework seriously every day and accumulate diligently like an ascetic. In addition to providing some investment experience and learning methods, I also hope to find...