After yesterday’s sharp drop, crude oil prices extended their losses first thing this morning, before bouncing off their lows. Oil was already under pressure on fears about demand following the weaker Chinese industrial data that was released on Tuesday and the larger crude build in the US as was reported by API on Tuesday. But prices fell about 3% after official...
ISRL X PLSTNE Iran has joined the group chat Iran: 💣 💣 💣 Oil market:🧐 History : 📈 📈 📈 👆🏽👆🏽👆🏽 Im expecting price to drive higher sometime soon from this point of resistance as market reactions begin to kick in after these shake outs if this level misses it will be one of the other points below
Oil prices have once again surged, reaching nearly $88.00 per barrel, despite a recent minor decline. This uptick in prices is occurring amidst a backdrop of geopolitical tensions and a strengthening US Dollar. However, amidst this volatility, it's essential to dissect the various factors influencing oil prices, from geopolitical unrest to economic forecasts and...
Hi Traders ! The USOIL Price Formed a Double TOP Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Neckline, We Will See a Huge Bearish Move 📉 TARGET: 81.35🎯
1. Massive H&S on US Oil Daily. 2. I believe oil will now resume it's macro downtrend. 3. Exact same pattern on the DXY is forming. 4. Never seen sentiment so low or fearful in a bull market. 5. Risk on
- 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.
experimenting w/ macd indicator. connecting trend for SMA. Crude oil see if it has any predictive properties
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...
Watch this space for more update, OIL is now bearish . We are setting second sell limit at 86.17