Hello
Last week's price broke the level of consolidation at 81.44, so let's see if 77.76 will hold or if it will drop to 71.
Share your thoughts
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OIL is in bearish mood technically and fundamentally and you will take entry as per mentioned entry point.
FED meeting result announce will be annouce today.
WHAT TO EXPECT ? : INTEREST RATE HIKE 4.75 in case of above rate DXY is going to moon and crude oil will be going down.
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TELL ME HOW ACCURATE THIS ANALYSIS??????
Always do your own analysis. My analysis help you only for confirmation.
If you want to give any kind of suggestions, advise or want to any...
THIS is my view priCE mitigate the 4h supply gave confirmation on smaller time frames and broke previous low, and create LH and broke minor structure build up liquidity below bullish candle which is the supply and its in premuim areas and the overall bias shorts we looking for shorts on this pair SUPPLY IS STILL UNMATIGATED , BE PATIENT
Russia stopped supplying oil to countries adhering to price caps
On February 1, Russia imposed a ban on oil supplies to the countries which set a price cap on Russian oil and petroleum products.
According to the presidential decree, Russian crude oil supplies are now prohibited to foreign nationals and companies, if the contracts directly or indirectly stipulate...
Looking at the H4 chart, my overall bias for WTI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 79.070, where the 38.2% Fibonacci line is. Stop loss will be at 82.525, where the recent high is. Take profit will be at 72.607, where the recent lowis
Any opinions, news,...
USOIL
Analyze
Generally the direction is uptrend because price trade above strong support zone 75.97 - 76.93 so as long as price trade above it the direction will continue at the bullish zone until 82.37
but first should price stable above 79.84 then will reach 80.50 , 81.09 , 81.90
for any reasons if price back off and stable under 78.90 then the price will...
With the current price, still waiting for another Buying Opportunity for OIL. Still, need to come down before FED meeting. I will stick with my indicators for the proper timing.
Looking at the H4 chart, my overall bias for WTI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 79.070, where the 38.2% Fibonacci line is. Stop loss will be at 82.525, where the recent high is. Take profit will be at 72.607, where the recent lowis
Any opinions, news,...
another head and shoulder pattern is seen on four hour time frame which is against its similar head and shoulder pattern in daily time frame as depicted in my below analysis
if this pattern confirmed downward move toward 76$ is probable .
please see my previous analysis
The West Texas Intermediate Crude Oil market initially rallied during the day on Friday but...
USOIL is expected to be sideways within the ascending triangle area. The price has a possibility to reach the resistance area of the 8th touch. Breakout or rebound scenarios can occur at the touch point of the trendline, but if the price turns out to be a breakout from the support/resistance area. a big trend will likely occur. The existence of horizontal support...
![USOIL: usoil [croud oil] forecast technically analysis](https://s3.tradingview.com/a/aUl9G4Sa_mid.png "usoil [croud oil] forecast technically analysis")
