Overbought NO where in Sight I keep seeing people stating that Crude is overbought but on the 1day time frame it is just beginning.
If it were me I would be mindful of placing short orders for oil at this time and continue to look for long opportunities during the NY sessions.
Thats just me though 🤷🏽♀️
Hellena | Oil (4H): SHORT to support area of 60 (Wave 3).The price is still not reaching the target of 60. I decided to make a new forecast, slightly changing the labeling of waves, or rather their importance.
At this stage, as before, I think that the price will reach the area of the level 60 in the middle wave “3”.
This movement is the development of th
USOIL: Range-bound setup with upside test before downside risk
* Trend: assessed using at least three trend indicators, with market structure as the primary guide.
** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals.
*** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dyna
CRUDE OIL (WTI): Pullback Trade From Support
WTI Crude Oil looks oversold after a test of a significant
daily horizontal demand zone.
A formation of a bullish imbalance candle on an hourly time frame
indicates a strength of that structure.
With a high probability, the price will pull back to 62.38
❤️Please, support my work with like, t
CRUDE OIL (WTI): Strong Bullish Confirmation?!
Update for my yesterday's idea for WTI Crude Oil.
The price retested a recently broken structure and we see a
strong bullish reaction to that today.
A bullish violation of a resistance line of a falling wedge pattern
indicates a strong buying pressure.
I think that the market will continue gr
WTI OIL Descending Triangle targeting its top.WTI Oil (USOIL) has been trading within a Descending Triangle and following yesterday's test of its Support Zone, it is rebounding.
This Bullish Leg has already touches the 4H MA50 (blue trend-line) and based on the previous one, it should extend to at least the 0.7 Fibonacci retracement level.
Th
WTI Crude Oil ReboundsWTI Crude Oil Rebounds
Crude oil is recovering and might rise toward the $64.30 resistance zone.
Important Takeaways for WTI Crude Oil Prices Analysis Today
- WTI Crude oil is recovering losses and trading above $62.60.
- There is a major bearish trend line in place with resistance near $63.6
USOIL WEEKLY CHARTUS OIL have a seen a sharp drop in price and buyers and opec kept April 2025 low at 54.93$-55$ zone and retested in the month of may 2025 at 54.93$-55$ zone ,this zone could be considered as weekly benchmark buying deman floor from our strategy.
As geopolitical tension cools off oil price surged bu
OIL – Stuck in Range as Russian Supply Risks Counter OPEC+ PressOIL – OVERVIEW
Oil is on track for a modest weekly gain, but remains locked in a narrow range since early August. Bearish fundamentals—led by OPEC+’s accelerated output return—continue to cap upside potential.
However, lingering concerns over Russian supply risks following recent Ukrainian attacks
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Displays a symbol's price movements over previous years to identify recurring trends.