I want to try this long, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research.
Oil prices are finding a floor near $75, backed by the OPEC statement being released after the only meeting earlier this Thursday. A panel of OPEC+ members said no policy changes are foreseen for now, while the US has reportedly hit a six-month high in November on production. Add the stockpile buildup number from the Energy Information Administration (EIA)...
Usoil Buy limit 74.28- 73.95 SL - 73.65 Tp 1 : 30 pips TP 2 : 60 pips Tp 3 : Open Today is OPEC meeting so its very high impact news if oil drop then best level for buying Upper level is a bit risky
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 76.37. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 81.90 level. P.S Overbought describes a period of time where...
Oil prices declined, giving up part of their recent gains. The US Energy Information Administration reported a buildup of 1.234 million barrels in inventories. The US oil is currently trading at $76.46, the next level of support could come in at $75.20 ahead of $73.85, while on the upside, the first line of resistance could come in at $78.10 ahead of $79.05.
Price is to fall toward our bullish order block of 75.910, a pullback support that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to rise to 1st resistance at 78.847. If price breaks below the pivot, it could fall to 1st support at 75.42 , a swing-low support level.
WTI Oil (USOIL) gave us the most optimal buy entry last time we made a call on it (January 22, see chart below) and almost touched the 79.40 Target before pulling back: The pattern that has emerged is a Channel Up that started since the December 13 2023 bottom. The recent top at 79.30 is a technical Higher High for the Channel Up and the rejection has started...
Hello traders, USOIL is getting more and more bullish NOW. Check on this weekly chart, all price action is above the support line. And last week, usoil has finished with a strong bullish candlestick and price positions are all above EMAs on weekly chart. Try not to short USOIL this week, and follow the new trend just start, you could get more than you can...
💹 Forex Quick Check: #USOIL 📉 Trend: Short Term Bullish Turn 🚀 Action: Long @ 75.50 🎯 TP: 81.77 t 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #USOIL. USOIL is in the newly formed uptrend. We can see that it breaks the major zone and hit the major resistance line. Now it's going to retest the mentioned major...
Crude Oil is taking off from a major horizontal daily support. As a confirmation, I spotted a tiny horizontal range with a confirmed neckline violation on that. We can expect a pullback before the OPEC meeting today. Goal - 77.0 ❤️Please, support my work with like, thank you!❤️
FX:USOIL TVC:USOIL The blue area around $60/barrel is my POI for buys since there's going to be a lot of available liquidity for institutions to step in at cheaper prices. If it supports nicely, I believe it has the possibility of going after the liquidity over the $120/barrel high.
possibly buy short-term after we get an mss but I hope for a potential sell after buying to clear the idm formed already
Oil’s Tug-of-War: Iran Tensions vs. Evergrande On Wednesday, WTI crude futures dropped below $77 per barrel, undoing a 1.4% increase from the prior session, all while the U.S. readies itself to address a lethal attack on its troops in the Middle East. Perhaps traders are concerned more about the liquidation of China Evergrande, raising worries about the...
"Green" Energy isn't so green. After seeing what's happening with europe, what will happen when the US runs empty on the strategic petroleum reserves? With the new policies put into place; the cost will once again be passed onto consumers. Will 17 be proven right once again after this november?
please be considerate with the stop lost and take profit is dependent
I am assuming the next move up within the wave 5. Posting more relevant info re my trades in the updates below. Trade safe
Short the Crude around 76-77 Level Stop loss would be 78. Target 73.50
Price appears to be overbought, we could expect price to drop in the coming week.