Crude oil fell first and did not give short-selling opportunities. Then short-selling can only be considered when it goes up to the support line. The short-selling opportunities in the 90.8-91.6 area were also prompted in the roadshow and in the group (as shown below). . With the sharp counterattack of crude oil, bulls began to save themselves, but eventually...
Oil is the same as I predicted yesterday. Today, it fell directly and broke through the support point, but Russia suddenly announced a ban on the export of gasoline and diesel, causing oil to rise again. Now the trend of oil has become blurred. Now we can only observe the resistance and support points of the range The range is 88.9-91.1 So we can trade in the...
USOIL Technical abstract : The oil price is showing new positive trading to move to the 91.52 barrier now, reinforcing expectations for the continuation of the upward trend for the rest of the day, remembering that our targets start at 91.52 and extend to 93.02 after surpassing the previous level. Therefore, the bullish trend scenario will remain valid and...
USOIL stabilizing above90.43 will support rising to touch92.19 ,93.27then 95.07 stabilizing under 90.43 will support falling to touch 88.11 then 86.08 Pivot Price: 90.43 Resistance prices: 92.19& 93.27& 95.07 Support prices: 88.11 & 86.08 & 85.00 timeframe: 4H
Hello traders, This is 1H chart for USOIL. It is expecting a sideways price action for USOIL on 1H chart which wont change our view on usoil that it is still on a strong bull trend. Price got rejected from the top again and now turning down to make a test on the bottom. This is looking like a big ABC move from the top. Good luck on this selling plan. LESS IS MORE!
This trade i have post yesterday but i am sharing here today. Coz due to some technical problems. So guys we have proper sl and tp. Look in chart. 91 is first tp. You cantake 50% out at 91. But our train is in the way to 92 to rest once...
Attention traders! We've uncovered a promising setup on the 1-hour timeframe for USOIL that you need to consider: 📌 Technical Analysis Highlights 📌 🧠 Head and Shoulders Formation: The price action has revealed a classic head and shoulders pattern, a well-known indicator of an impending trend reversal. 📉 Near Neckline Entry: We're currently positioned close to...
Buckle up, because the market is buzzing with potential opportunities for those willing to take a leap of faith. Sit tight, as we explore how recent developments in the US economy, China's recovery, and tightening supplies could pave the way for a potential rise in oil prices, with a target of $100. Get ready to seize the moment and make the most of this oil dip! ...
Oil prices rebounded from $1 down to $1 up in trading on Thursday, after a Russian ban on fuel exports snapped focus away from Western economic headwinds and back to throttled crude supply to the end of 2023. Brent futures for November delivery were up $1.02, or 1.09%, to $94.55 a barrel by 1348 GMT. U.S. West Texas Intermediate crude (WTI) climbed $1.27, or...
Long position on oil, so basically oil has been respecting alot of key areas for the past couple weeks, yes oil is bullish but i realized thats mostly in the New York session.
WTI Crude Oil / USOIL has completed 2 red 1day candles for the first time since August 23rd. This is after the formation of a new Higher High on the three month Channel Up pattern. In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022. With the 1day MACD about to close a Sell Cross, we couldn't...
Hello,Friends! USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 88.01...
There's actually a handle-cup formation going back to last year. The gann fans show the path the price action is following - and that's up. Likely another push to $100 in the coming weeks.
Hi all I seek two more waves to complete wave 5 and search for long oil. I only intend to enter the market once a trendline has broken and pulled back. **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Fed’s hawkish tilt, U.S. dollar strength and inventory drawdowns shape crude oil prices; OPEC production cuts deepen market apprehensions. Despite these challenges, the decline in oil prices was moderated by ongoing concerns over tight global supply as we head into Q4. Stock levels at Cushing, the WTI delivery point, have reached their lowest since July 2022. The...
Brent futures and WTI crude surge, echoing OPEC’s bullish demand outlook and tighter global oil inventory projections. Tightening supply concerns remain at the forefront of the oil price surge. Libya, an OPEC member, recently closed four eastern oil export terminals due to a severe storm. Additionally, Saudi Arabia and Russia have extended their voluntary supply...
I examine a buy idea on USOIL. I believe more rollover has to happen for the buys as nearby seller obstacles need to get tested. Hence, I am holding off on this for now.
----------OIL TO CORRECT TO THE DOWNSIDE-------- Trading is not like fairy tail Jack and the beanstalk. Price does not move like a straight line. At least most of the time it doesn't. Instead it moves wave by wave with shorter and longer corrections until it finally finds a point from where it cannot proceed any further and reversal happens. In case of US WTI oil...