WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 77.555 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 80.000 which is a level that sits the 23.6% Fibonacci retracement level and a swing-high resistance.
Take profit is...
Hey Traders,
Oil Markets have bounced from local support amid Market Tech zones and news.
Trading anything amid global conflict needs a lot of care and is not for heavy speculation.
Trading light at the right long term areas is preferable.
Watch to see how.
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 77.252 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 78.600 which is a level that sits above a pullback resistance that aligns with the 38.2% Fibonacci retracement...
Oil looking very interesting here - if it's a B wave up, 120+ is likely. Cup and Handle or Head and Shoulders target both point to that price range. Could be a nice trade into spring....
Important update for WTI.
Price action analysis.
Important key levels.
Potential scenarios.
Trading recommendations.
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Weekly the oil is in bull swing, the correction phase is done.
the daily DB pattern neckline has broke, so the target of daily DB pattern is 93.78.
The weekly swing target is 100.
In this video, we conduct a comprehensive analysis of USOil WTI, with a specific emphasis on the prevailing bearish sentiment evident on the weekly (1W) chart. Throughout this presentation, we delve into fundamental principles of technical analysis, encompassing critical elements such as the current market trend, price dynamics, market structure, and other...
Multiple time frame analysis on Crude Oil.
Potential scenarios.
Detailed trading plan.
Important key levels.
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WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 83.014 which is a pullback support level.
Stop loss is at 81.200 which is a level that sits under a swing-low support level.
Take profit is at 86.456 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
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WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher.
Buy entry is at 86.456 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 85.000 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 89.056...
Today's focus: USOUSD
Pattern – LH after Trend Break
Support – 86.84 - 88.00
Resistance – 90.60
Hi, and thanks for checking out today's update. Today, we are looking at the USOUSD on the daily chart.
We are continuing to watch price after it broke the last trendline. So far, we have a new LH after the break, with price continuing to push lower in today's...
USOIL has hit a horizontal Resistance of $88.5 and failed to break it. Despite being bullish biased mid-term, a local bearish correction is expected1.
There’s a buying opportunity around $84.500 zone as USOIL was trading in a downtrend and successfully managed to break it out1.
Crude Oil has hit $93 a barrel. The resistance at $93 is being analyzed to see if...
