We're looking at the USOIL market and our analysis shows signs of a short-term downtrend. Here's why: COT Reports: The latest Commitment of Traders (COT) reports reveal that the behavior of participants labeled as "Commercials" is most characteristic of a bear market. CFD Market Positioning: Oil traders in the CFD market are shifting their positions, with most...
Price bounced twice on the trend support, forming a W pattern on both DAILY and 4H. Look for good entries around the 80. level
Yesterday's market fell to $77.75 in Asia-Europe trading began to rise to yesterday's highest point of $79.30, the lowest point to the highest fluctuation range is $1.55, and Wednesday's new low and yesterday's rise, that is, $76.36 May be the end of 3 waves, but also the end of 3-5 waves. Is it that today's market can rise to break $79.47, broke can basically...
I love this Oil long chance here, Aiming for 87-90 area or anywhere in the rectangle. Conservative traders can wait for a break of the channel to get long. I will do the same.
Bullish indications: Inverted head and shoulder pattern break out. Resistance broken at 78.96 Major support respected at 76.85 Bullish divergence in 4 hr time frame Double bottom formation in day time frame Fib level 0.5 respected from the bottom rally in day time frame. Trade plan bias long @ 79.17 SL:78.16 TP1:80.30 TP2:81.26
We have a great idea the chart looks great. we have a great ICT chart here the price action is spot on.
Crude oil is currently in this bearish channel. We saw rejection earlier of the key fib levels. I would look for another sell opportunity if we reach the higher fib levels for an intraday trade before 1130am EST. Share your thoughts. The Professor
Head and shoulders pattern, I plan to make a big layout, sell in the range of 80-81.2, tp 77.7/75.3
After week of decline the bulls took some charge and made HH and HL accompanied by bullish divergence. Inverse head and shoulder is formed and bullish entry can be taken at break of neckline
Usoil crude oil , strong bearish, if u like my idea . Hit like button & follow please for more updates thanks . On X : go4mudi / fb : go4mudi
Oil has form a bullish flag, potential to enter Long when it break up the resistant zone and stop lose below for protection Join my free telegram community were we shared idea 💡 together t.me
looking to close short at 78.2. long 72. tp at 80.2 short at 80.2 and tp at 75
Crude oil technical analysis Daily resistance is 79-81, support below is 76.8-75 Four-hour resistance is 79-80, and support below is 78.3-76.8 Crude oil operation advice: Crude oil still fluctuated widely yesterday, with the lowest backtest of 78.2 starting to stabilize, and the highest hitting 79.8. Then it fell sideways, and after reaching near the previous...
Oil prices have now entered a buying range. People who were long oil started buying. The target is above 78.3.
Crude oil began to rise sharply yesterday as geopolitical conflicts intensified and the situation in the Middle East became tense again. Both API and EIA reserves are negative this week, which is another good signal for crude oil. The upside of gold continues to expand with the support of data and geopolitical conflicts. At present, MACD is in the positive zone,...
Oil prices fell early Tuesday after a report that U.S. inflation was higher than expected reduced the chances of a U.S. interest rate cut. At the same time, Opec maintained its optimistic forecast for oil demand in 2024. West Texas Intermediate (wti) for June delivery fell $0.47 to $78.65. Brent crude, the international standard for July delivery, fell 46 cents...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Pivot 78.75 Our preference Long positions above 78.75 with targets at 79.95 & 80.40 in extension. Alternative scenario Below 78.75 look for further downside with 78.30 & 77.80 as targets. Comment The next resistances are at 79.95 and then at 80.40. Supports and resistances 80.95 80.40 79.95 79.30 Last 78.75 78.30 77.80 Number of asterisks...