Crude oil rose slowly on Tuesday and touched the 85.4 line. At the beginning of the week, the pressure node of 85.5 was mentioned many times. This is the suppression point of the weekly MA120 moving average. Tonight, the 85.5 line can be treated as the dividing line between long and short. From a short-term perspective, the Bollinger Bands in each time period...
Hi' trader what do you think USOIL
USOIL now is resistance zone 84.80 I think USOIL go to retest level 80.90
USOIL now is the high price 84.80 and 85.00 i think USOIL movement retracement
support 81.300 and 80.90
please guys like comment and follow thank you for support
WTICO (West Texas Intermediate Crude Oil) has recently been outperforming BCO (Brent Crude Oil). This trend coincides with an increase in US-produced oil replacing sanctioned Indian refined oil.
Potential Opportunity in WTICO
The shift in market dynamics could present an opportunity for traders considering long positions in WTICO. However, as always, it's...
THE WTI oil continue its bullish trend, the commodity is makinh HH and HL with good trend line support. Upside potential is still availble with no divergence available. The fib retracement is a good point to enter the trade at $84.35 with SL and TP mentioned.
Looks like finally usoil formed double top with reasonable peak pattern.
I see some upcoming deflation in our economy globally.
Chart shows weakness also.
Here is my latest structure analysis and important key levels to watch on WTI Crude Oil.
Resistance 1: 85.20 - 85.85 area
Resistance 2: 89.10 - 89.90 area
Resistance 3: 93.75 - 95.00 area
Support 1: 82.50 - 83.10 area
Support 2: 80.00 - 80.60 area
Support 3: 76.80 - 77.80 area
Support 4: 75.50 - 76.20 area
Consider these structures for pullback/breakout...
Recently, oil has been fluctuating in the range of 80-83.1, so we will treat it as a range fluctuation for the time being and wait for the trend to come out.
In range fluctuations, you can wait for the upper edge of the range to sell, or you can wait for the lower edge of the range to buy, and control your position. If the range is exceeded, strictly SL
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Hi, 1PERCENT here.
Today I am sharing a chart that I drew a few years ago.
Contrary to crypto where we have fast movements of 30% intraday,
Bonds, commodities, inflation rates, etc. are "slow movers"... but only in peaceful times.
So patience is required for investors who focus on the forest. You were correct, but 10 years early. Now is your time to...
Already running 100 pips profit in one day
Crude oil looking more bullish ...
Already shared entry hope you guys used it , if this make correction down take another entry buy
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 84.99.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
Bullish Flag has broken the resistance.
Inverse Head Head and Shoulder's NKLN also broke out
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![USOIL: [OIL] target: $110](https://s3.tradingview.com/w/WbrW56qI_mid.png "[OIL] target: $110")
