- Crude oil is currently trading in a range after a bullish move.
- Buy stop and Sell stop orders are in place for potential breakout move.
- High of the range is 87.101 and low of the range is 83.993.
After oil breaks through 80, my target is 85. Now the upward momentum is still strong, so you can wait for the support point to buy. The lowest support point on Tuesday was 84, yesterday the support point was around 84.2, and the important support point was around 83.5.
But this month I think oil may start to adjust around 87. It is expected to be in the...
Hey there on 1htF the USOIL has slipped over the yesterday and continue seems to be fall as there support level 80.00 and 79.00 so we can see continue waterfall and we will see soon over next target
Since the eruption of the war between Hamas and Israel in early October 2023, we have been occasionally reporting on some of the developments in the oil-rich region. In one of the more recent articles, we outlined how Israel’s deadly airstrike against Iranian generals in Damascus, Syria, was likely to provoke retaliation from Iran and its proxies. On Saturday,...
USOIL gets rejected at the trend line and heading back to Fib support price of $79. 📉🐻
We should see a bounce at that level with a upside price target of $89. 📈🐻
If the support line breaks down then price heading towards $73 🧭🎯
WTI has recently broken out from daily bearish trendline and i expect a bullish continuation in the next few days. It's going to complete a retest of the trendline and the level it's actually playing is also an important support zone. Target $94
USOIL
Continues in this choppy descending channel that probably signals weakness to the downside.
Notice the RSI is now at a depth where previous corrective phases completed.
Could be moving on up soon 👍.
Not advice
US OIL broke above the 85.00 price level earlier in April and has been between the 85.00 and 90.00 level.
We can see the 85.00 level holding as a strong support level.
Waiting to see what price does here. Looking for buys if it bounces back off again, if it breaks down from this price, will look for a retest before selling.
Price Flow Strategy
FLOW(Weekly/Daily): UP
flow(4hr/1hr): down. Sells is validated in my opinion
i-Flow: The intention of the BUYER FLOW looks good to me with the engulfing candle
entry: Always set Stop Loss
Disclaimer: This is only my opinion of what the market can do or not do. Use risk management and manage your trade according to your...
US Oil is another name for West Texas Intermediary (WTI) Crude Oil. WTI is the benchmark for Atlantic basin crude oils because of its location in the Gulf coast and central US.
🛢🔴Oil traders are making big bets amid geopolitical uncertainties! 3 million barrels worth of options contracts were snapped up by speculators, with 3,000 lots of June $250 call options in US crude oil trading for just 1 cent each. Is this a Hail Mary or a well-calculated move?🤔
(Source: www.bloomberg.com).
The headline is very clickable, however let's look at...
Ideas not advice
A technical outlook for the days
Double top rejection at resistance
Distribution cluster formed and sharp rejection to downwards
150EMA has been it's support in the past
If it breaks below distribution lows, it will confirm that it is bearish
Unless all of this is either mitigated by Retail sales news or accentuated
Goodspeed y'all
Welcome . Analysis of the oil market. On the clock frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyone
USOIL... still valid short below that channel.
that is mentioned on chart.
a straight drop expected below that region,
keep close it and dont buy oil until market below that channel
good luck
trade wisely
DXY Hits Top of Channel, Gold/Silver Steady, Crude Oil Potty?
The big indexes are crappy today to.
Oil being down does not make sense.
Gold and Silver as for sure a safety net for big money (and small money) as it's holding steady today.
Manipulation to the extreme right now.
If the DXY bounces down off top of channel easy money on recovery.
Crude oil prices are expected to decrease from the $86.00 range to a target of around $83.08. The trend was twice rejected at the upper level of $87.70, forming a double top pattern. This pattern is confirmed as the price broke the higher low of $84.50. Now, a retracement from the $86.00 level to the target level of $83.08 is expected.
Targeting : 83.08
Stop loss...
