USOIL From the daily chart, WTI crude oil encountered resistance above $65 after a strong rebound last week, leading to a short-term decline. The candlestick chart shows a slight correction after encountering resistance at a high level, indicating a growing divergence between bulls and bears. If the price can hold the $63.50 support level, it could retest the previous high of $66.80. If it falls below this support level, it could retest around $62. Overall, the moving averages are gradually flattening, suggesting the market may enter a period of volatile consolidation. Idea: Breakout or volatility? Update…
USOIL The recent daily crude oil line has started to rise, and the weekly crude oil line closed with a positive line. Judging from the current form, the long-term bearish trend has not changed. Crude oil can continue to be shorted. When the crude oil position stands around US$70, the big short trend of crude oil may change. Crude oil does not fluctuate much, so you must wait until the position is reached before shorting.
USOILIdea: Crude Oil: Short-Term Longs Pr… For USOIL, bullish momentum still holds the upper hand, so we should continue to focus on short-term long positions and look for further upward movement next week.If you’re unsure how to get started, you can refer to my strategy. tradingview.com/x/IrXpn6ab/
USOIL Crude oil prices formed a strong upward bullish candlestick, rising to 66, but then encountered resistance. It is currently slightly pulling back to the support level of around 65.4, and signs of pressure are emerging.
USOILIdea: Current USOIL Trend Analysis a… The short-term long strategy for crude oil that we emphasized earlier has been verified. Currently, crude oil prices have risen for three consecutive trading days, with the market showing an upward trend of alternating primary and secondary waves, continuously hitting new highs. From a technical perspective, the moving average system is in a standard bullish arrangement, and crude oil prices have obtained solid support. It is expected that the short-term long strategy can still be continued next week, and we remain bullish on the price.
USOIL From the daily chart, WTI crude oil encountered resistance above $65 after a strong rebound last week, leading to a short-term decline. The candlestick chart shows a slight correction after encountering resistance at a high level, indicating a growing divergence between bulls and bears. If the price can hold the $63.50 support level, it could retest the previous high of $66.80. If it falls below this support level, it could retest around $62. Overall, the moving averages are gradually flattening, suggesting the market may enter a period of volatile consolidation.
