Consider selling USOIL now with an entry price at 77.991. Set take profit levels at 76.631 and 75.630, with an additional target at 75.000. Place a stop loss at 78.900 to manage potential losses. Always exercise caution and conduct thorough analysis before making trading decisions.
Price action analysis for Crude Oil.
Important key levels.
Potential scenarios.
Trading plan explained.
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On the 23rd Feb, the price moved below the MA and dropped heavily, reaching the support near 76 USD/b. Retracement is possible as depicted on the chart.
Will the support hold? The alternative scenario which is less probable, could cause the price to drop to 75.5 USD/b.
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Information Regarding Important News and Figures can be found here...
Please pay special attention to the very accurate trend, channel and colored levels, red level as SL.
The chart is very sensitive and you should be very careful with your capital.
Be careful
BEST
MT
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...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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US-OIL QUICK UPDATE. 📚
👉As we can see US-OIL price is still overall bullish making clean higher highs and higher lows trading inside this rising channel.
Okay! Then what?! 📚
👉Then as the price is rejecting our upper...
The current bearish sentiment in the crude oil market presents an opportune moment for traders to engage in selling activities, leveraging the downward trajectory of prices. With a comprehensive understanding of market dynamics and prudent risk management practices, traders can navigate the volatile landscape and position themselves to profit from the prevailing...
Looking for another repeat entry from last week. At a point of entry at the moment but will wait to see how things look at 6am gmt after the 4h close and pre london open to take it back to 78.500
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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Xtiusd tecnically bullish from
The spot
My target level is
TP# 77.70
I am only price action trader
I work on only spot & resistance
Follow for more update
#USOIL. market continue consolidation from last couple plus weeks,
technically market very well placed upside area around 79 plus.
keep in mind if it will holding this area for futher then downside drop expected to my expected area,
let c what will be done from market side.
good luck
trade wisely
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...
