#USOIL.. well guys market very well bounced back from 81 around.
Now we have 83.70 as market current resistance area.
Keep close eit because if market hold it then you can see a drop from here,
Otherwise not at all..
Good luck
Trade wisely
Oil futures are struggling to regain their footing this week as traders perceive that risks of the Middle East tensions impacting supply have eased. The lack of damage or casualties following the retaliatory attacks Israel launched on Iran on Friday has led Iranian officials to deny any further retaliation from Tehran, a successful effort from diplomats who have...
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...
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 $85 supply zone....
USOIL UPDATE
Hey team, Hope you are Enjoying our ideas and Analysis. Today we are Monitoring USOIL . Looking for a Buying Opportunity Around 82.17 one more Buy Limit 80.31 Once we will Receive any Conformation the Trade Will be Excuted
Good Luck Guys 🚀🔥💪
Attention Traders,
In today's trading session, our focus is on USOIL, with our sights set on a potential buying opportunity around the 84.70 zone. USOIL has recently broken out of a downtrend and is currently in a correction phase, approaching the critical support and resistance zone at 84.70.
Adding depth to our analysis, it's essential to consider the...
there alot of fibo and pattern in USOIL
I will post fibo later
for now looks like pattern still bearish until year 2026 or at least until 40 support retest
quite funny how
Biden want Oil above 75$ resistance 105$ and
Trump want oil under 75$ support 34$
After wicking 2 previous day lows on monday 22/04 and testing daily support zone(71.5 - 81), price then formed a W pattern and gave a bullish engulfing. Combined with weak US Dollar I'm gong inclined.
Awaiting price to breach the resisting zone we are at the moment. Note that OIL is on bullish trend long term.
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.
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,...
Escalation Between Iran and Israel: How the Price of Brent Oil Reacts
On the night of Thursday into Friday, reports emerged that Israel had attacked Iran following Iran's attack on Israel over the weekend.
Let's remember that we wrote on Monday that after a 300 drone and missile attack on Israel over the weekend, the price of Brent oil did not rise. Perhaps...
My dear subscribers,
My technical analysis for USOIL is below:
The price is coiling around a solid key level - 82.13
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 83.93
About Used Indicators:
By the very nature of the supertrend...
WTI Crude Oil came to day to the closest point it has been near the 1D MA50 in more than 2 months, since the February 6th breakout. The 1D technical outlook is neutral (RSI = 48.820, MACD = 1.03, ADX = 27.71) indicating that this is the most efficient buy entry since the February low. The market has already formed a 1D Golden Cross and displays striking...
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...
