Dear Colleagues, at the moment the price has made a strong downward movement. I suppose that the price is in wave "4" and can continue its movement to the support area of 80.22, but I consider only long positions, because the price can make a reversal at once. I recommend to work with pending orders.
The nearest target is the resistance area at 87.47.
Manage...
Hello dear traders, USOIL.
We are in a long-term downtrend in our daily analysis. I am waiting for the price to reach the extreme order block to enter a long-term selling position. Liquidity and price reaching the daily order block will create strong selling pressure, leading to a trend change. I have drawn a simple
and clear chart of oil that is...
Looking at the daily chart of crude oil, it tested support near 80.7 at the beginning of the week and then strengthened. It can be seen that the support below the 80.3 mark is very strong. At present, crude oil has stood firmly above 83, and the trend is still strong. It is expected to continue in the future. On the upside, the upper resistance is near the 86...
Take a look at our analysis for USOIL.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 84.08.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 85.12 level.
P.S
Overbought describes a...
Western Texas Intermediate, the US crude oil benchmark, is trading around $82.45 on Thursday. The black gold edges lower as the fear over wider conflict in the Middle East fades. Additionally, the hawkish tone from the Federal Reserve boosts the US dollar and caps the upside of black gold.
Crude oil is one of the most in-demand commodities, with the two most...
Hello everyone
USOIL is experiencing many unstable and doubtful decision being taken in the Middle East and other dependent countries.
I think the best strategy is to wait for the trend reaches to the boundaries (Blue Channel) and then decide if your are really interested to get position or conservative strategy is to wait for Blue channel break out (Up or Down)...
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Hey Traders, in the coming week we are monitoring USOIL for a buying opportunity around 82.70 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 82.70 support and resistance area.
Trade safe, Joe.
Spot Oil on 30-minute chart had a slow rise in the past 24 hours followed by a pause and then a
jump on the Israeli retaliation strikes into Iran. Middle East oil shipping in the Red Sea and
Persian Gulf are at risk and shipping insurance for ongoing shipments is likely to experience
heavy rate increases if shipping does occur. Houthi rebels may resume proxy...
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 82.07 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 83.70
Recommended Stop Loss - 81.04
About Used...
TVC:USOIL #Usoil #commodities
USOIL is struggling to break through the resistance 😫
Momentum now seems to favor the bears🐻
If the support line breaks down then price heading towards $73🎯 which is the wedge support line
USOIL is struggling to break through the resistance and further rejection could send price back to Fib support price of $79.
If we breakthrough the resistance then upside price target of $89. After that we can go as high as $96.
Momentum now seems to favor the bears🐻
If the support line breaks down then price heading towards $73🎯 which is the wedge support line
Crude oil has emphasized that it will continue to rise, and falling is a buying opportunity. The upper target is focused on 88-90 US dollars.
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Oil prices have experienced a volatile period in recent months, with concerns about global economic growth and geopolitical tensions battling it out with signs of a tightening physical market. However, for investors with a long-term perspective, recent developments suggest a potential bull run for oil, making it an attractive asset to consider.
Here's a deeper...
