Crude oil (USOIL): Yesterday, crude oil broke through the 68 area, reaching the lowest position of 67.7. Today opened at 69.8, and the amplitude of five or six dollars in the morning was not too big. It broke below yesterday, but it did not stay too much. In the evening, the decline was gradually recovered, and the daily K closed a green line. There was only one...
naked trading Price action
waiting for Handler to Hunt GAMBLERS within the range
scam wicks where informed player Long and Short MILKING this animal
PUBLIC and emo players get rekt
disciplined ones WAIT WAIT WAIT WAIT then pull the trigger
when breakout crsytallizes with corellation confirmed agains EU (inverse)
Hello,Traders!
CRUDE OIL is making a bullish
Correction while trading in a
Downtrend so we are bearish
Biased and I think that after
The price hits the horizontal
Resistance above at 73.50$
We will see a further move down
Sell!
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USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly...
TVC:USOIL chart mapping/analysis.
Crude Oil reversing all gains manufactured by OPEC+ production cuts & Middle-East conflict premiums, while threatening to further capitulate due to growing macro headwinds leading into 2024..
Trading scenarios into EOY:
Bullish resurgence = rally above horizontal resistance line (yellow dashed) into 23.6% Fib & upper range...
Oil has reached is key weekly support zone. Waiting for a clear bullish candlestick close on the 4hr before entering long. Another clear confirmation would be a break of its current parallel trend line with bullish confirmation.
Oil prices are falling due to US Consumer Price Index (CPI) data. Both headline and core inflation data were stagnant, suggesting that U.S. inflation is not accelerating or declining rapidly, while inflation is falling in Europe and other major regions. The outlook for oil in 2024 is bleak as the supply glut is too large to be replenished in the short...
After the FOMC decision, a bleak outlook emerges for bulls in WTI: the price has been declining for weeks, while the On-Balance Volume (OBV) steadfastly ascends. This divergence between price action and indicator values is to be interpreted as extremely bearish. We have been anticipating a price slide into the range of 67 to 66 USD for over a week now, and this...
USOIL PRICE FORECAST..
1. **Following Trendline:**
- If the market is following a downward trendline, it suggests a prevailing bearish trend. Traders often pay attention to trendlines for potential reversal or continuation signals.
2. **Red Candle:**
- A red candle on a price chart typically represents a bearish or downward movement. If this red candle...
Price is in bearish structure but price can push upuside before moving down, if price comes down to fille the 4H fvg before moving up can look for buyside with LTF confirmation
#USOIL... so market hold his bottom and going for retrace,
its retrace or low placed?
you can see market pattern how market make pattern and dropped in history,
same now we have 71.20 as upside resistance area, if market hold it then you can see again a drop from here,
any buying will be valid above 71.20 keep close and manage your positions...
USOIL
NEW forecast
USOIL costs dropped dramatically yesterday, to under 68.24.
For now, the direction is trying to rise; in my opinion, it will rise till 70.18 and then drop to touch 67.22.
Otherwise, if was able to close the 4H candle above 69.11, it will start the positive step to get the next bullish target, which is 71.10.
Tendency: Uptrend
Entry price: 68.97
