WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 82.33 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 80.50 which is a level that lies underneath a pullback support.
Take profit is at 84.67 which is an overlap resistance.
...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 81.04 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 80.00 which is a level that lies underneath a pullback support.
Take profit is at 84.47 which is an overlap resistance.
High...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 80.47 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 78.80 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is...
TVC:USOIL
Preference:
Oil was in a downtrend until price retested the lows on the daily time frame. In this area, if the price fails to create a lower low, we could see a retest of the previous support level, which is now resistance.
Alternative Scenario:
"If the downward trend in the market continues with the same strong momentum as before, we may see a...
Technical analysis of WTI crude oil
Crude oil retreats despite geopolitical risks.
Crude oil is one of the most important economic resources in the world and plays a very important role in the forex market. This type of investment is often recognized as one of the most profitable opportunities in the financial markets. The importance of crude oil in the forex...
A trading plan is a set of rules that specifies a trader's entry, exit, and money management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as backtesting,this practice allows you to apply your trading idea using historical data and determine if it is viable.
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 85.05 which is a pullback support.
Stop loss is at 83.50 which is a level that lies underneath an overlap support.
Take profit is at 87.30 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 85.03 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 83.60 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at...
Today's focus: Oil
Pattern – Continuation?
Support – 85.38
Resistance – 87.37
Hi, traders; thanks for tuning in for today's update. Today, we are looking at oil on the daily.
After a surge from the USD caught a lot of attention yesterday, we are watching oil after it rejected a push lower by sellers and continues to hold in a potential continuation type...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 85.033 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 83.400 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is...
Hey Traders,
The rollercoaster that has ensued on Oil Markets is a very interesting one. From absolute lows, to absolute highs, every corner of the Market more or less has been explored.
The picture around Covid in 2020 was bleak. Oil prices went below freezing and people were paying others to take their oil away, as it was more cost effective rather than paying...
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 85.758 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 82.400 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 90.325...
Detailed technical analysis for WTI Crude Oil.
Price action & important key levels.
Daily/4h/1h time frames analysis.
Bearish outlook explained.
❤️Please, support my work with like, thank you!❤️
USOil WTI Technical Analysis and Trade Idea
In the video, we analyse a potential trading opportunity for USOil. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. It is crucial to incorporate sound risk management...
In chart it is discussed about the uptrend of USOIL chart and how to find weakness in uptrend.
This chart is only for educational purpose. Please do your own study before taking any trading decisions.
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 82.362 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 80.000 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at...
