🛢 CL OIL, H4 🛢 1 April 2024
Oil prices edged higher as concerns about a global supply surplus eased, supported by lower Russian output and ongoing production curbs by major oil-producing nations. Russia's decision to deepen production cuts and the reduction in fuel supplies following attacks on Russian fuel refineries by Ukraine contributed to market optimism....
Ahoy, fellow trader! 🌟 Let's set sail on the high seas of oil trading, where the winds of fortune blow and the waves of volatility crash. 🛢️
**USOIL** (that's WTI Crude Oil for landlubbers) is currently dancing around the **$83** mark like a tipsy sailor at a tavern. 🕺 The resistance levels are like stubborn portcullises guarding the treasure chest: **$83** and...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Crude oil market analysis
Crude oil we have been insisting on bullish, whether it is the daily line or short-term 1H is a rising trend, yesterday back to 80.50 to complete the support of the back step, today the bulls will continue to impact the suppression of 82.40, crude oil in this wave of repair did not change the direction of the cycle, back step is the...
The price of the OIL technically bearish , you need to comment your point of view and hit like if you find my useful for you and keep following me if you want more analysis like this every time.
NOTE : 📬 COMMENT, ✅LIKE AND ☑️ FOLLOW. THIS CAN HELP ME TO ANALYSE THE MARKET MORE EFFICIENTLY FOR YOU.
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 83.06
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 81.28
Recommended Stop Loss - 83.99
About Used...
Colleagues, the price has redrawn the waves a bit, I was waiting for it and at the moment I assume that the price may update the wave "C", then I expect the price to decline to the support area of 80.22. This movement should update the minimum of the wave "B", then I will make a markdown and expect an upward movement, but for now I am considering only short...
Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Hey yall, been a while since a posted an analysis but here it goes ..
2016 until present : Oil has been in an overall bullish direction . Minus the drop that happen to the low of 0.01 in 2020 , price still closed out around $48 that year. Then in 2022 price went up to $128 but closed at $80 that year. I took mark of the 2 year bearish trend that was...
Consider purchasing Usoil now at $8263.7 per unit, with an entry price set at this level. Target profits are set at $8310.5, $8380.6, and $8421.6respectively. To mitigate potential losses, set a stop loss at $8125. This trade has been confirmed as promising, so it's advisable not to overlook it. Remember to implement proper risk management techniques to safeguard...
I started to assemble own ibrary of ElliottWave patterns and rules.
Here simple zigzags occured in: wave W and wave Y of WXY double zigzag
Zigzag 1 - wave W
Wave A - leading diagonal
Wave B - double zigzag
Wave C - ending expanding diagonal ending at the top line of the parrallel channel
Zigzag 2 - wave Y
Wave A - impulse
Wave B - double zigzag
Wave C -...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
