My dear subscribers, My technical analysis for USOIL is below: The price is coiling around a solid key level - 82.13 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 83.93 About Used Indicators: By the very nature of the supertrend...
The price of oil has fluctuated due to geopolitical trends, but oil is still more valuable and can reach its original price during a medium-term monthly or weekly period. I have considered 3 targets for oil, the most important of which is target number 1.
The oil price rose on reports of an Israeli attack on Iranian territory. However, since the attack occurred in a very limited scope and both sides seem to be giving each other the opportunity to exit the conflict with face-saving, it is expected that the price of WTI will soon decrease again. This assessment is supported by a hidden bearish divergence in the...
BLACKBULL:WTI has been over the 200ma since February 2024 with the uncertainty in the gulf states and a possible blockade oil prices would surge , but this is oil we are talking about , this chart I'm taking the stance of an increase up to $87 usd over the next week as a top price but could surge if events escalate , on the downside there could be a massive pull...
Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday. Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2....
Hi traders, we can see the price surged to the upwards and currently in a steep pullback. It makes its high probability move to buy the dip. I will be bullish along as price doesn't break below 81.00 level. I will wait for some sort of break of structure and a retest as well as a rejection. Therefore, don't rush into impulsive trades, wait for price to come at...
The current selling zone for USOIL stands at 85.25. It's an opportune moment to consider taking profits at various levels: 85.00, 84.50, and 84.00. These targets offer strategic exit points to capitalize on potential market movements. Meanwhile, it's prudent to set a stop loss at 85.90 to mitigate potential losses in case the market moves against the anticipated...
Went long with a smaller position than usual Still 1/3 RR ratio Bought on D1 DZ and W imbalance
Usoil TP hit with 270 pips instant profit... Follow for more signals accuracy 👌 Update will soon for next signals
It seems like a strong support zone has been lost and is now testing the old support zone, or the new supply zone. From my perspective. It's good to see a short trade on OILUSD.
WTI oil (XTI/USD) has made a bullish breakout through the pivot and momentum could carry it up toward the 1st resistance. Pivot: 84.86 1st Support: 81.01 1st Resistance: 87.77 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Keep close watch on crude... Related News Step To Prevent Crude Rally By US President Joe Biden "will do what he can to ensure affordable gasoline prices, & could release more SPR oil to keep gas prices low, senior White House adviser says"(Reuters) This is just an idea or my view not a recommendation to go long or Short & a step towards learning chart...
As the price hit the last supply block and showing a bullish move we can opt a buy you can wait and take. a buy in the buy zone. I have already entered near 82.3 The price has a very good potential run towards 86.00
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...
Hey there on 1htF the USOIL has slipped over the peak and go downside very quickly So we can usually seems to be continued dropped liquidity 80.00
WTI Crude Oil came to day to the closest point it has been near the 1D MA50 in more than 2 months, since the February 6th breakout. The 1D technical outlook is neutral (RSI = 48.820, MACD = 1.03, ADX = 27.71) indicating that this is the most efficient buy entry since the February low. The market has already formed a 1D Golden Cross and displays striking...
I've been exploring through different markets over the past few days, and one thing that really caught my attention was TVC:USOIL So, I decided to share my thought process of how I analyze any market from a top-down perspective while using all timeframes to create a bias. Top-down analysis is always the key element of how I approach any market. This way of...