Today's focus: Oil Pattern – Resistance re-hold Support – $77.21, $76.30 Resistance – $78.85 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil on the daily chart. Today, we have broken down how we see price and key levels. Once again, we have seen resistance re-hold and a new move lower after tests failed. Will we see a new...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.326 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 75.200 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 75.850 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 74.800 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is...
Here are a few tips that will help you to make a plan: Clarify your long-term and short-term trading goals before developing a trading plan
Crude Oil shorts after pullback to POi (77.704) 11:16am Engulfing bearish candle Price continues to create Lower Lows, Lower Highs Entry @ (77.441) Stoploss: 77.738 Takeprofit: 6.776 | 66pips _______________________________________
Weekly market breakdown of DXY and the possible trade ideas that are setting up. We go over GbpUsd and EurNzd as two potential movers this week. As well as a weekly look at some gold setups. Markets will be patient and slow waiting for Tuesday's CPI numbers and then we should see a nice break.
Multiple time frame analysis for Crude Oil. Daily/4h time frames analysis. Price action, key levels. Bullish outlook explained. ❤️Please, support my work with like, thank you!❤️
WTICO/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Today's focus: Oil Pattern – Support Hold Support – 71.80 Resistance – 78.80 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil. After a solid three-day decline, buyers have put up a fight from 71.80, but is this enough to hold the current uptrend? A break below yesterday's bar with a trend break could suggest that the current...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 72.976 which is a pullback resistance. Stop loss is at 74.650 which is a level that aligns the 38.2% Fibonacci retracement level and sits above a pullback resistance. Take profit is at 70.729 which is a swing-low support. High...
When the facts change so do I. This is an update to my Oil chart I posted back on Christmas 2023 Explanation of how Oil Bulls should handle this chart setup with reduced risk.
EUR/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
A trading plan is a set of rules that specifies a trader's entry, exit, and money management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as backtesting,this practice allows you to apply your trading idea using historical data and determine if it is viable.
oil is contracted largely according to current spot pricing while also taking into account costs of storage and futures
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 77.081 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 75.900 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at...
Hello Traders! We are at the end of the month and it was a great read on oil. Thanks for your time and see you next month!
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WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 75.905 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 74.600 which is a level that lies under a pullback support and the 38.2% Fibonacci retracement level. Take profit is at...