the main premise is thaat EIA has forecast supply demand balance the ew is HS into triple combo wave and looking to recovery abc towards equilibrium levels on the weekly here shown daily candles with 72 ish TP before resuming bullishness
I'm shorting oil on resistance at $85. Don't get me wrong I like making money, but if this head and shoulders triggers? We will be supporting not only our immediate family, but our extended families as well. This will take oil to $30 range. Only 1 thing takes oil near covid lows. That's a major drop in US markets. Watch March-May. If it triggers I believe will...
Hey there on Usoil 2h candle looking for short and support area for buying opportunity from 80.00
And so for now the liquidity grab some time and looks forward towards on 80
So our next target is for now 81 and 82 and 83 for upper side resistance support area
Keep touch with us for more updates
Dear Colleagues, price has strongly updated the low, completing wave 2. I suppose that the price can still make a small correction, but I put the target in the same place as last time - resistance area 81.85.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The West Texas Intermediate, also known as Texas Light Sweet, is a type of oil produced in Texas and used as a benchmark in the price of oil, on the NYMEX futures market. It is a high-quality raw material from the refining of which a high percentage of gasoline and light diesel is obtained.
The price of oil reached 81 dollars per barrel
WTI crude oil has been playing around $80 for the past two weeks, and the sell-off earlier this week suggests it may not reach $80.
But curbs in the U.S. this week finally managed to push oil to its highest level since early November.
WTI crude oil price increased by $1.64 to $81.35 today in the second day of price...
Reason:
Market structure is bullish
Fair value gaps
Break of structure
COT data showed me that last week smart money have been going long on OIL
i always take trades on the 0.8 level of fibonacci retracement but ive been trying something different and enter on the 0.618 level and have a set R.R of 2.5. dont see this as a signal but just an idea
Discretionary and Elite Trade
Obtain liquidity in 4H and Daily structural zone
Transitional switch was confirmed in the 1 minute time frame
Transitional switch was confirmed in the 3 minute time frame
Transitional switch was confirmed in the 5 minute time frame
Targeting upper liquidity pools
RR 1:3.7
The crude oil market has experienced a reduction in demand this week, holding prices steady since Monday, after weeks of losses in value due to a decrease in demand, especially from the main importer, the Chinese market which put the price on Monday at $76.49. During today's Asian session, crude oil has shown a 3.62% increase from Wednesday's European open to the...
Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
The short-term (1H) trend of crude oil found support at the lower edge of the range channel, turned upward, and broke through the resistance at the upper edge of the range. Oil prices once again hit the 80 mark. Oil prices fluctuated weakly below 80 in early trading, and bulls showed strong momentum. It is expected that crude oil will break through 80 in the...
18 hours ago
Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By...
WTI Oil (USOIL) is trading within a short-term Channel Up on the 4H time-frame, with the wider pattern still a Channel Up since the December 13 2023 market bottom. As long as the price keeps closing the 4H candles within the Channel Up, we remain bullish, targeting 81.85 (+6.64%, which is the rise of the previous Bullish Leg of the dashed Rising Megaphone).
If a...
🛢 CL OIL, H4 🛢 14 March 2024
Crude oil prices climbed higher following better-than-expected inventory reports, with US Crude oil inventories declining more than anticipated according to Energy Information Administration (EIA) data. Investors await the International Energy Agency's monthly report for further insights into supply and demand dynamics, following...
Curious about the recent behavior of the US oil price? You're not alone. Many traders are keeping a keen eye on the US oil price chart, trying to decipher where the US oil market is heading next. Something interesting is brewing this week with US oil trading. Could there be a lucrative opportunity as the price potentially dips to the $76 mark and then aims for a...
Hey there on Usoil 1h candle looking for bearish possible for now
As we can move now sell side
So basically we can manipulate the market
USOIL SELL
SELL 80.00
TP1. 79.30
TP2.78.80
TP3.77.80
SL. 81.00
- **decline in US crude inventories signaled strong demand in the world’s top oil consumer**
- **Ukrainian drone strikes on Russian refineries**
- **geopolitical risks in the Middle East**
- **extended supply cuts from OPEC+**
