SILVERI can see silver is up trend. Maybe it will take a week or more than that. Only for technical analysis. Note not yet fundamental analysisby ISLAMFOREX1300
Crude oil - rangebreakingBoth Brent and WTI continue to frustrate investors. Last week saw both contracts break below significant support in a move which suggested further weakness to come. But prices reversed sharply and rallied back above resistance yesterday, signalling the likelihood of a breakout through the top of a range which has been building since the beginning of this month. Yet having smashed through resistance, crude reversed direction again, pulling back from Wednesday's month-long high, and dropping back into its rough trading range. What to make of it all? As noted yesterday, this market has form when it comes to wrongfooting traders, and there’s no reason why that shouldn’t continue to be the case. The market has repeatedly shrugged off geopolitical concerns, but remains unsure of the outlook for future demand growth. In this regard, there is considerable uncertainty about the state of China’s economy, and how that will affect crude imports. At the same time, there are worries about how the US economy will perform now that the Federal Reserve has forced the market to dial back its interest rate cut expectations. Add in this weekend’s OPEC/OPEC+ meetings and volatility is perhaps the only thing traders can take to the bank. by TylerNorcross0
USOIL SLIP DOWNSIDE Hey there on 1hTF the USOIL has looks for here downside After reach 80 and quickly drop now will expect can be reach 77Shortby DvsTraderfirm0
USOIL: Current oil prices are widening their fluctuation rangeUSOIL: Current oil costs are widening their fluctuation range. The short-time period upward fashion because of climate facts in North America and Texas reasons short-time period worries approximately oil output on this region. However, withinside the future, oil costs will nevertheless generally tend to lower and watch for bulletins from OPEC+. We can see that individuals of OPEC+ and Russia have all proven symptoms and symptoms of growing production, so the chance of a lower in oil costs is surprisingly high. Consider promoting across the modern rate range. Target is 76$/1 barrelLongby TheLeader_WOLF0
oil 30mOn the upside, the 55-day Simple Moving Average (SMA) at $81.31 and the descending trendline at $81.85 are forming an area with a lot of resistance.Longby EMDE50
US-OIL - LONG Technical Trade Summary Entry = 79.406 Target 1= 82.283 Target 2 = 85.000 Risk : Reward= 2.33 Follow and Boost and my ideas!!! Let's grow together. Longby ForeignCapital_fx111
USOILUSOIL is in bullish trend. Bearish divergence also form in RSI which shows that this might be the last HH. We wait and watch for the breakout of last HL.Shortby Naqash910
WTI $USOIL BullishGIven the support from the asian session this morning, WTI already broke the 200EMA yesterday. Europe is going to take it further. 80.12 -> 83.0 Longby Altzeasy20
USOIL - bottom out ? What's next ??#USOIL.. market placed lows around 76 77 And bounced back.. now we have 78 around as a immediate supporting area and if market hold it means further highs are in table. Keep close it guys and don't be lazy here.. Good luck Trade wisely by AdilHussain731333Updated 0
OIL Swing Expecting price to react from this area and continue to trend downwards from this figure level @80.000.Shortby newsy110
USOIL, dailyOil prices remained stable after a significant weekly decline, with attention on the upcoming OPEC+ meeting and the start of the US summer driving season. OPEC+ is expected to extend supply cuts into the second half of the year to counteract high U.S. output and support international crude prices. The decision to hold the OPEC+ meeting online suggests a continuation of existing policies without major changes, aiming to maintain current quotas and support crude prices. Strong US demand ahead of the Memorial Day weekend, indicated by record flight activity and robust gasoline demand, is expected to provide support to oil prices. Despite geopolitical risks and OPEC+ production cuts, oil futures have decreased since mid-April as concerns about Middle East conflicts disrupting oil flows have eased. On the technical side, the price has re-entered the trading channel between the $77.50 - $79.50 area and is currently testing the area of the 20-day moving average. The scenery is kind of mixed since the Stochastic oscillator is not indicating any overbought or oversold levels while the moving averages are not pointing to any direction in the short term. The 50-day moving average is trading above the 100-day line while the 20-day has crossed below the 100-day in the previous week. On top of everything the Bollinger bands have contracted greatly in the last 5-6 sessions hinting that volatility is dried-up therefore the most probable scenario for the coming sessions is for the trading range to continue until there is a new catalyst in the market for crude oil. by Exness_Official0
USOIL ShortUSOIL reach the High-Volume zone then react which a hesitated candle. We should wait, then we got 2 plans here: - Plan 1: Price will move UP again, test the HV zone, around 77.8 > 78 then move through HV zone to 78.6. Wail price retest 77.8/ 78 => go LONG - Plan 2: Price will move UP again, test the HV zone, around 77.8>78 then go down. GO SHORT LIMIT 77.6/ SL 78 / TP 76.5 by bubblyHope283440
Usoil sellUsoil again selling pressure correction completed let's do it again and again ... overall sell momentum if Stop-loss hit wait for the buy conformation Shortby DNA_Trader_Officials0
US OILMaking a bearish flag and already broke down below the pole. hence taking entry on 0.382 fib retracement level. Shortby orchidwings_140
Crude remains rangeboundCrude oil bounced sharply in early trade this morning, recovering all of yesterday’s losses at one stage. Prices rallied off the lower end of support and pushed back into the trading range which has been building since the beginning of this month. As far as front-month WTI is concerned, there’s a fairly well defined range with the area around $77.00 marking the lower end, and $80 at the top. This would suggest that the path of least resistance should point higher for now, particularly as the daily MACDs for both Brent and WTI, while still in ‘oversold’ territory, appear to be turning up. But prices reversed direction later in the day and went on to retest support. This weekend sees meetings between OPEC and OPEC+ members. There’s plenty on consider as members will need to decide if they are going to make any changes to the production cuts which were first agreed back in November. The probability is that the current curbs on output, which are due to expire at the end of June, will be extended through the third quarter.by TylerNorcross0
Usoil sellOil turning into sell mode candle conformation and pattern forming lower low as well expected... RR 1:2Shortby DNA_Trader_Officials0
Long in crude (look factor )We can see some good upside move here with a lower support of 77.40 Upside we can see 80-82 As we can see RSI divergance and price is taking support from lower levelLongby ParasharK112
Will crude oil continue to rise by 85? Crude oil started to fall from the daily high of 88 in a double top pattern, and now it has successfully broken through the key watershed of 81, and the lowest drop to around 77 has eased the decline. It has not been able to break through the 77 mark recently, indicating that there is a lot of buying support, but the trend is still bearish. As long as it does not break through the 81 mark, it will remain bearish. So today's operation can be short near the rebound of 79, and must be short if it reaches around 80, and long near the bottom of 77. Pressure: 79-80 Support: 77-76by money-making-machine-Updated 2
Crude rangeboundYesterday morning, crude oil was retesting the upper level of a trading range which has been building since the beginning of this month. This meant that it was also continuing to consolidate with front-month WTI trading within a rough range of $80 to $77.50. The MACD on the daily charts for both WTI and Brent showed that downside momentum was flattening out, and that momentum was starting to turn up. Despite this, both WTI and Brent pulled back from resistance, indicating that neither is yet ready to break out to higher levels. At the same time, prices have found a floor, so the market is going to need a catalyst to shift out of its current range, whether to the downside or upside. It’s difficult to know where that could come from. Geopolitically, the conflict in the Middle East and Ukraine’s war with Russia have done little to affect prices. As far as demand growth is concerned, speculators are looking for signs to confirm that China’s economy has turned around, and want to see further evidence that there will be US rate cuts this year. Later today there’s the weekly inventory update from the US Energy Information Administration.by TylerNorcross1
OIL TECH ANALYSISPrevious week was kind off Bullish for oil... prices revisited 76.4 lows and pumped from there reaching 79's. Monday started well with a pump in prices till 79.9 followed by a dump till 78.7 levels... which could be and should be considered as a liquidity grab as per the chart. The dump was followed by a beautiful pump (SL's triggered) till 80-.12 levels followed by a dump to 79 78.8 levels. If you check the daily chart you can see a doji. this should be gdd news for bulls. Yesterdays session closed at 79.17. Asia took the price down till 78.8-78.7 levels which is a great level of support for Oil. Oil could dump some 20c and pump from there... we are talking about 78.6-78.5 which is a great support too. Expect prices to surge for the rest of the week.... reach yesterdays dojji and surge till 80.80 levels. This scenario would only be true if prices respext 78.5 levels... if not we can expect the same scenario but from 78 levels.by T_Shelby_010
Us oil crude oil#crudeoil us oil is selling coming. With head & shoulder patterns.that’s my analysis,hope market will felll like this then earn good money for bearish people. If u like it please hit like button & subscribe Shortby go4mudi0
Increase oil buying efforts. Target 80.3-80.7 Buy oil at around 79.3. Ultra-short-term trading shows that there is huge support below. Longby AA_JackUpdated 3
Usoil buyOil looking continues by formation for this week ... if fall again take buy order no more sell in this week Longby DNA_Trader_Officials1