Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
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Overview:
We’re observing a bullish setup on TVC:USOIL , as price action suggests a strong reaction at critical support levels, indicating potential upside movement.
Key Observations:
The 1-hour chart presents a descent into a key support zone marked by an FVG (Fair Value Gap) around $85.40. The market response here will be crucial to validate our bullish...
WTI Oil has made a double top trap and consolidating above liquidity pool, below which is the weekly FVG with a overlapping swing high to the left.
Monday-Wednesday we can see turtle soup into this reversal zone and target this double top for longs.
Bullish!!
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/ USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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US OIL WTI : Bullish - 2 Falling wedges + Head&Shoulders
Wti crude oil can rise higher because of current geopolitical tensions. OPEC countries have reduced their daily production of barrels of oil.
Technically:
The wolf of Zurich has detected 2 "Falling wedges" and an " inverse head & shoulders" .
These chartist patterns could raise the price of WTI oil around...
Crude Oil is consolidating after a strong bullish wave.
The price formed a horizontal range on a daily.
Next week, wait for a breakout of one of the boundaries of the range for a confirmation.
Bearish violation - a daily candle close below a support of the range, will give you a strong
bearish signal. A bearish continuation will be expected to 83.0...
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 85.37.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 87.36 level.
P.S
The term oversold refers to a...
Price is kind of forming a Head and shoulder pattern between the red lines at the bottom of a long bearish run that began from the peak of Russia Ukraine war in early 2022.
Price has completed forming left shoulder and head, not its in the right shoulder.
There are two possibilities when price reached the red resistance line. Break the resistance or respect...
Real-time crude oil market analysis: Futures crude oil prices are rising slowly, with real-time quotes at 86.8. Let’s first look at the position breaking situation between the hourly upper rail of 87.2 and the hourly lower rail of 85.8. If the position breaks upward, pay attention to the pressure range formed by the 4-hour Bollinger Band upper rail of 87.5 and...
Oil prices surged today, reaching their highest level since October 2023, amid heightened geopolitical tensions between Israel and Iran. The increase comes as Israel braces for a potential retaliatory strike from Iran following a recent Israeli attack on an Iranian diplomatic compound in Syria.
This latest development adds another layer of uncertainty to the...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 85.10 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 85.10 support and resistance area.
Trade safe, Joe.
WTI Crude Oil is on very healthy bullish levels on the 1D time-frame (RSI = 63.780, MACD = 1.930, ADX = 37.316) as well as on 1W (RSI = 60.882). This supports the notion that until 1W turns overbought, the 1D can continue to sustain the bullish sequence that started on the December 13th 2023 low. Having formed a 1D Golden Cross just this Tuesday, the last time we...
Israel has withdrawn more troops from southern Gaza and pledged new talks with Hamas on a possible ceasefire, easing concerns about the risk of further escalation in the conflict and disruption to Middle East crude supplies.
The current oil 4H and 1H charts show that the possibility of oil falling is very high, and it has been in the 87-87.5 range without...
![USOIL: OIL ready for a turle soup! [Bullish]](https://s3.tradingview.com/k/Kuz5zuRr_mid.png "OIL ready for a turle soup! [Bullish]")
