We can attempt to short USOIL from specified level by placing sell stop (also bearish divergence occur at 1 hour timeframe). SL , TP mention in chart.
Hello,Friends! We are going long on the USOIL with the target of 84.39 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
The Middle East hostilities have so far not created any substantial impact on oil traffic and USOil (WTI) faces pressure, as fears of a broader Israel-Iran conflict subside. Israel has reportedly retaliated for Tehran’s recent missile and drone strikes, but both sides appear to downplay the matter, diminishing the risk for further escalation. Looking at the...
Pivot 81.50 Our preference Long positions above 81.50 with targets at 82.60 & 83.20 in extension. Alternative scenario Below 81.50 look for further downside with 80.80 & 80.20 as targets. Comment The RSI calls for a bounce. Supports and resistances 83.80 83.20 82.60 82.27 Last 81.50 80.80 80.20 Number of asterisks represents the strength of support...
Oil decreased during London session as we were anticipating from our last Analysis. We are still anticipating a further decrease in the medium term but in the short term here we may pullback. This is what the price action is telling us as we have pin Bar candles on the 1hr and 4hr charts that printed at our 2 daily support level's 81.22 and 80.64. This suggests...
WTI oil (XTI/USD) has made a bullish bounce off the pivot. Could this commodity potentially continue to climb towards the 1st resistance? Pivot: 81.86 1st Support: 80.62 1st Resistance: 85.42 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...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 80.47 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 78.80 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level. Take profit is...
Oil reached a support level again. We haven't broken the rising trend yet, we can expect another rise. I trust that we can also make a small profit with this.
✅CRUDE OIL has retested a key support level of 80.50$ And as the price is already making a bullish rebound A move up to retest the supply level above at 83.00$ is likely LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The pair after its turmoil bear run have shown sign of strenght. The pair have made a double bottom reversal pattern. Entry for long with mentioed prices are shown.
I marked important events for me at this market. Looking for demand.
Current global events are stoking fears of oil prices reaching over $100 before autumn. In these market environments its better if we look for buying opportunities like right now. $81 demand area was strong enough to hold the falling prices and its a confirmed buy if the price breaks above $82 and retests it once again before rallying to at least $85 supply zone....
oil price testing 4h time frame demand zone, buying level 80.55-80.00, stop loss below 80.00, target: 85.00
These are all my opinions might seem unbelievable at its current pace but I still see higher prices on EVERYTHING real that humans use every day. Food, housing, energy, anything tangible. But is energy setting up for a moonshot and are the war drums beating strong. Now i'll keep it to what I see in this chart in WTI crude vs Mcdonalds. WHy Mcdonalds, well MCD is...
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 81.78. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 79.47 level. P.S Please,...
Hello, We've identified a current opportunity to buy WTI Crude Oil with a high probability and a good risk-reward ratio of over 3 in the 4-hour chart. Our target is $85 within a few days (Swing trade). Ibrouri
WTI Oil (USOIL) hit the 1D MA50 (blue trend-line) today for the first time since February 07 and touched the bottom of the long-term Channel Up, forming a Higher Low. This is only 2 weeks after the formation of a 1D Golden Cross, the first since August 22 2023. That Golden Cross was also formed during a correction, which eventually kept the 1D MA200 (orange...