USOIL / 1D USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a...
WTI crude oil prices rose choppily despite a somewhat downbeat inventory report from the U.S. Energy Information Administration (EIA) and a stronger-than-expected March consumer price index (CPI) report (which may further delay the Federal Reserve's first rate cut). The current geopolitical environment continues to provide support for oil prices. Crude oil...
Nice little inverse head and shoulders Yep! #Inflation is sticky & persistent High prices for goods & cost of living not only to remain high but if the #fEd starts dropping rates expect another spike up
Market Analysis: Crude Oil Price Consolidates Crude oil is attempting a fresh increase above the $85.00 zone. Important Takeaways for Oil Price Analysis Today Crude oil is consolidating above the $84.00 support. There is a connecting bearish trend line forming with resistance near $85.60 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical...
WTI oil (XTI/USD) has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance. Pivot: 85.20 1st Support: 83.52 1st Resistance: 86.89 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
Buy trend continues conformation higher high formation ...let's rock buddy go with buy small time frame small risk 1:2 ratio
Bullish fundamentals are potentially setting up 'higher-for-longer' oil prices. I think we might see a retrace down to the trend-line area given how far we have extended. Although, in any case be ready to jump on a bullish move. If we start creating downtrend structure then sentiment might have shifted, noting US / EURO growth rates / interest rates are also...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 85.03 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 83.60 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at...
The analysis of USOIL (West Texas Intermediate) takes into account multiple factors influencing the current oil market. Geopolitical tensions: Growing tensions in Gaza and concerns about potential attacks from Iran in the Middle East are adding a risk premium to oil prices. These events could lead to disruptions in oil supply, increasing price volatility. Supply...
Dear Traders, i expect price will break 80$ sharp to target 86$ we had 4-5 Times Retest 79 Area ,seems finally break easy, Also we have fundamental News (Russian Sanctions List) Invalidation Level : 71.3 Target 1 : 80$ Target 2 : 85$ Target 3 : 89$ Dont Forget like&Comment please ! regards, Alireza!
👉 Clear Bull Flag Formed At The Chart And The Price Perfectly Bounced From The 68$ Support Area And Also There Is a Nice Breakout From The Trend Line, Its a Confirmation Of The New Bullish Move Toward a 115$ As a Short 🚨 170$ Is a Next Main Target And If This Scenario Happens It Means We Will Have a High Level Of Crisis Around The World
USoil uptrend already now smaller time frame bullish breakout happened 😳 ... another bullrun expected
Lately, there has been no shortage of chatter surrounding Crude Oil, and with that, also a lot of calls for a bottom. While I agree it appears to be late in the move to initiate new short positions (-57% decline since July), I don’t believe we have the type of price action supportive of a bottom yet. The price action the past couple of weeks has been uninspiring,...
As you can see, OIL is currently in an uptrend. The zones with the highest volume profile are indicated by red ray lines. I believe there is a further upside move on OIL.
OILUSD is ranging between its support and resistance.
A to B of ABC correction finished. B to C starts new.
After taking a rally the USOIL is in range. The Chart is marked with Support & Resistance level with Entry Point and TP mentioned.