After the analysis and possible scenarios I posted here: The two zones that I tolerate everything for long are here. I expect to test Moving average again and we will get the final result. Another secondary scenario is that there is a recovery, and to new low levels
Hello everyone,The oil price is facing negative pressure to test the 77.86 level, and the price needs to remain above this level for the bullish trend scenario to remain effective, waiting for a breach of the 79.63level to facilitate the task of rushing towards our next positive target at 81.23 . On the other hand, we note that breaking 77.86 will stop the...
Pair : US Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame. Completed " 1234 " Impulsive Wave at Fibonacci Level - 23.80%. Break of Structure and Retracement with Strong Divergence. Bullish Channel in STF with the Breakout of Lower Trend Line Entry Precautions : Wait for the Proper Rejection
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 79.14, which aligns with the 50% Fibo retracement. Our take profit will be at 76.53, an overlap support level. The stop loss will be placed at 80.91, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
Oil now has a clear bottom. It stopped falling and rose last Friday, and continued to rise this Monday. The bottom continued to rise and broke through the suppression of the unilateral moving average, forming a clear bottom foundation. Today, we need to observe the resistance of the ten-day line and whether it can break through the range of 78.9-79.2. If it...
Could this be a possible SELL for OIL? Based on what price action is showing, the market bearish overall, we could see a potential SELL from current price range for the downside continuation. Remember that trading is a probability
After today's CPI data was released, crude oil rose rapidly, reaching a maximum of 79.77, and then continued to reverse the increase, the current position is 78.3, below the support position of the rising channel, we can be long crude oil in this position! If you are confused about trading, please join me, I believe you will have a great harvest!
Usoil Buy Limit Zone 76.485 - 76.295 SL - 75.995 Tp 1 : 35 pips TP 2 : 55 pips Tp 3 : Open ⚜Divide lot size in the zone with 3 layers ⚜Remember: We will have to enter direct with layering in zone ✅ 1st limit start of zone 2nd limit mid of zone 3rd limit end of zone We’ll have to count 30 pips that will be our TP1 from the latest layer that is being...
Usoil Sell Risky Zone Use Small Lot Here 80.208 - 80.369 SL - 80.660 Tp 1 : 35 pips TP 2 : 60 pips Tp 3 : Open ⚜Divide lot size in the zone with 3 layers ⚜Remember: We will have to enter direct with layering in zone ✅ 1st limit start of zone 2nd limit mid of zone 3rd limit end of zone We’ll have to count 30 pips that will be our TP1 from the latest layer...
Usoil Sell Limit Zone 79.180 - 79.390 SL - 79.685 Tp 1 : 30 pips TP 2 : 55 pips Tp 3 : Open ⚜Divide lot size in the zone with 3 layers ⚜Remember: We will have to enter direct with layering in zone ✅ 1st limit start of zone 2nd limit mid of zone 3rd limit end of zone We’ll have to count 30 pips that will be our TP1 from the latest layer that is being...
Oil prices rebounded by 2% last Friday, and market sentiment has improved. However, what impressed investors more deeply in the past week was the sharp decline in oil prices in the first half of the week. The rapid decline in oil prices broke through the lower edge support of the high range created by OPEC+ production cuts and the Palestinian-Israeli conflict,...
USOIL is at a strong support level and this is ready for a good Bullish move. After a big jump with the news earlier today - looking for more moves in the NY session. Definitely be patient and wait for that right entry. Entry I will possibly be taking is around, 78.66 - Looking for the candle to close above that area. Also we are in consolidation right now, and...
Top Down Analysis Broke down what price has done & what it's likely going to do
Oil prices are rebounding following a recent dip, sparked by the International Energy Agency's (IEA) announcement earlier this week, contrasting events from Monday. Monday's decline was largely influenced by the OPEC+ monthly report, hinting at potential price increases. However, sustained crude oil recovery requires further momentum, with a significant catalyst...
I had posted a view on Crude oil that wave v should begin and rally till around 97$ mark a few days back. Here is a more detailed 4hour chart of the same with updated and detailed wave counts as to give you the idea what my views are on the same. Not gonna lie the fall below 76$ mark was not anticipated and did give a chill but the crucial wave 1 high of 74.69...
Crude oil held its structure and did not violate the imp wave 1 high of 74.69 and reversed from 74.88. From the 74.88 the Crude is once again seen rising in an Elliot wave impulsive structure. This chart shows the hourly counts while my previous charts on Crude cab be referred to for getting the bigger picture clear. Note*- This chart is for educational purpose only
Pivot: 77.50 Our preference: long positions above 77.50 with targets at 80.30 & 81.25 in extension. Alternative scenario: below 77.00 look for further downside with 76.90 & 76.25 as targets. Comment: the RSI is above its neutrality area at 50%
Bulllish indications: Double bottom formation. Major support respected. Morning star candle in 4 hrs time frame. Made a new and break out from the lower high. Fib level 0.618 bounce from the bottom. Bearish indications: Bearish trend in higher time frame. Trade plan bias long @ 77.09 SL:74.55 TP1:79.58 TP2:81.73