83.75 to survive it's dancing in supply blue - .236/79.13 -382/88.74 mid fib 83.95 . Sun open could try and cross 83.75 and tease 85 otherwise bear would confirm March 83.06 support -mthly grain green / 82.5 numerical . GL watch for chop keep your stick on the ice . Boosts appreciated by Bankbrother3
Hellena | Oil (4H): Long to resistance area of 87.47.Dear Colleagues, at the moment the price has made a strong downward movement. I suppose that the price is in wave "4" and can continue its movement to the support area of 80.22, but I consider only long positions, because the price can make a reversal at once. I recommend to work with pending orders. The nearest target is the resistance area at 87.47. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 9969
USOILHello dear traders, USOIL. We are in a long-term downtrend in our daily analysis. I am waiting for the price to reach the extreme order block to enter a long-term selling position. Liquidity and price reaching the daily order block will create strong selling pressure, leading to a trend change. I have drawn a simple and clear chart of oil that is easily understandable. Good luck # Smart Money Concepts, # Liquidity, # Hunter. Shortby fereydoon119910
USOIL in continuation of a bull trendExpecting price to reach the demand zone. The price is still in its discounted price.. Looking for a Long hereLongby hassanejaz1225
Crude oil trend analysis next week Looking at the daily chart of crude oil, it tested support near 80.7 at the beginning of the week and then strengthened. It can be seen that the support below the 80.3 mark is very strong. At present, crude oil has stood firmly above 83, and the trend is still strong. It is expected to continue in the future. On the upside, the upper resistance is near the 86 mark. Looking at the four-hour line, it fell to around 80.7 at the beginning of the week and then rebounded to around 83.7. Then fluctuate and adjust. It rose strongly near the 82 mark on Thursday, reaching a maximum of around 83.8. There is expected to be room for further growth. In terms of intraday operations, follow the trend and go long. You can mainly refer to the 83-83.3 area to advance more and look above 85. Overall, the crude oil operation ideas next week will be mainly low-level declines and high-altitude rebounds, supplemented by high-altitude rebounds. The upper short-term focus is on the first-line resistance of 84.5-85.0, and the lower short-term focus is on the 82.5-82.0 first-line support.Longby Yuliya10Updated 6
USOIL Will Go Higher! Long! Take a look at our analysis for USOIL. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 84.08. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 85.12 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
USOIL in weekly chartHello everyone USOIL is experiencing many unstable and doubtful decision being taken in the Middle East and other dependent countries. I think the best strategy is to wait for the trend reaches to the boundaries (Blue Channel) and then decide if your are really interested to get position or conservative strategy is to wait for Blue channel break out (Up or Down) because if this impulse cycle (I,II ) is correct so the channel will be broken out strongly in the next week. Thanksby AMA_FX7
USOIL: Weak Market & Bearish Continuation Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals112
Bearish movement on usoilPrice has been on a downtrend , price has gone back to retest a structure which was broken …this also marks the 61% of the fib retracement levelShortby BullishflagFX3
USOIL Potential UpsidesHey Traders, in the coming week we are monitoring USOIL for a buying opportunity around 82.70 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 82.70 support and resistance area. Trade safe, Joe.Longby JoeChampion6
US OILCertainly! A bullish rally in US oil prices may have started Target is mentioned on charts.Longby Asif_Crypto1Updated 333
USOUSD Spot Oil Jumps on Geopolitical Escalation LONGSpot Oil on 30-minute chart had a slow rise in the past 24 hours followed by a pause and then a jump on the Israeli retaliation strikes into Iran. Middle East oil shipping in the Red Sea and Persian Gulf are at risk and shipping insurance for ongoing shipments is likely to experience heavy rate increases if shipping does occur. Houthi rebels may resume proxy attacks on the behalf of Iran. New sanctions contemplated against Iran may include increased action on oil exports and the Israelis could target oil infrastructure. Overall, spot oil now has a bullish bias. I see good cause to increase oil based positions at this time. My target for spot oil based on VWAP lines currently on the chart is 87.5 about 4% upside without leveraging. The volume indicator shows increased buying volumes relative to selling. The PVT shows a quick burst of trend momentum while the TTM indictor triggered and has an upgoing histogram.Longby AwesomeAvaniUpdated 4
USOIL What Next? BUY! My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 82.07 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 83.70 Recommended Stop Loss - 81.04 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 3311
USOIL is struggling to break through 😫 Price target $73TVC:USOIL #Usoil #commodities USOIL is struggling to break through the resistance 😫 Momentum now seems to favor the bears🐻 If the support line breaks down then price heading towards $73🎯 which is the wedge support lineShortby JK_Market_Recap556
USOIL is struggling to break through 😫 Price target $73USOIL is struggling to break through the resistance and further rejection could send price back to Fib support price of $79. If we breakthrough the resistance then upside price target of $89. After that we can go as high as $96. Momentum now seems to favor the bears🐻 If the support line breaks down then price heading towards $73🎯 which is the wedge support lineShortby JK_Market_Recap4
🔥🔥🔥USOIL Continue to buy!!!✅✅✅Crude oil has emphasized that it will continue to rise, and falling is a buying opportunity. The upper target is focused on 88-90 US dollars. All my current transactions maintain 100% accuracy. If your account is still losing money, you can follow my signal trading and I will help your account make profits quickly!Longby Lion_Trading_Master2
Why Oil Bulls May Be Right: Signs of a Tightening MarketOil prices have experienced a volatile period in recent months, with concerns about global economic growth and geopolitical tensions battling it out with signs of a tightening physical market. However, for investors with a long-term perspective, recent developments suggest a potential bull run for oil, making it an attractive asset to consider. Here's a deeper dive into why going long on oil could be a strategic move: Tightening Physical Supplies: One of the most compelling arguments for a long position is the evidence of a tightening physical market. This is reflected in key timespreads, which compare the price of oil for immediate delivery to the price for delivery at a future date. In a healthy market with ample supply, the price of oil for immediate delivery would be lower than the price for future delivery (contango). However, when the physical market tightens, the opposite happens – the price of oil for immediate delivery becomes higher than the price for future delivery (backwardation). This phenomenon, currently observed in the oil market, suggests that there is a higher demand for oil right now than there is readily available supply. OPEC+ Production Cuts: Adding fuel to the fire are the production cuts implemented by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+. These cuts, aimed at supporting oil prices, have helped to restrict supply and contribute to the tightening market conditions. While OPEC+ is considering easing the cuts in the coming months, the extent of this easing and its impact on the market remain uncertain. Geopolitical Instability: Geopolitical tensions around the world, particularly in major oil-producing regions, can also disrupt supply and push prices higher. Recent events, such as ongoing conflicts or threats to critical infrastructure, highlight the vulnerability of the global oil supply chain. Limited Non-OPEC Growth: While concerns persist about a potential slowdown in global economic growth, particularly in China, the anticipated increase in oil production from non-OPEC members may be less pronounced than previously expected. This could further exacerbate supply constraints and bolster the case for oil bulls. However, some headwinds remain: It's important to acknowledge the countervailing factors that could dampen oil prices. The persistent issue of inflation in the US, for instance, could lead to interest rate hikes by the Federal Reserve. This, in turn, could strengthen the US dollar and make oil, priced in dollars, more expensive for buyers using other currencies, potentially dampening demand. Conclusion: Despite these headwinds, the evidence of a tightening physical market, coupled with OPEC+ production cuts, geopolitical uncertainties, and limited non-OPEC growth, paints a compelling picture for a potential oil price rally. For investors with a long-term perspective, strategically going long on oil could be a profitable decision. However, careful monitoring of factors that might impact supply and demand, such as global economic conditions and policy decisions, is crucial for managing risk and making informed investment choices. Longby bryandowningqln1
Crude oil Crude oil is my new analysis.if u like it please hit like button. If not please write comments. Thanks, by go4mudi2
WTI 84.330 - 84.440 SELL AREA !WTI 84.330 - 84.440 SELL AREA ! WTI 84.330 - 84.440 SELL AREA ! WTI 84.330 - 84.440 SELL AREA ! Lost sendiri tanggung ya ! tayor !Shortby ThisIsZR3
WTI Crude Oil: Analyzing Rebound PatternsThe WTI (West Texas Intermediate) crude oil market has shown resilience, staging a recovery subsequent to a pullback retracing between the key Fibonacci levels of 50% to 61.8% from the preceding major swing. Notably, the current price action exhibits a divergence pattern, notably intersecting with the levels of prior support. Moreover, a discernible confirmation pattern emerged following a retest of this support, serving as a pivotal factor in our decision to initiate a trade. Furthermore, it's noteworthy that the current price trajectory remains positioned above the 200-period Volume Weighted Average Price (VWAP), reinforcing our conviction in the potential for a sustained bullish impulse to unfold. Longby FOREXN1112
USOUSD, OILUSOUSD is in a correction period. The price has an opportunity to retest the 81.12 and 80.05 support zones. If the price cannot break through the 80.05 level, there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana2324Updated 9945
USOIL again looking for upside Hey there on 1htF the USOIL has been touched our previous target 84 and now also moved some downside and again looking for buy side Longby DvsTraderfirm3
oil patternsOil price is managed. It trades in a range for decades until high inflation forces it to break out of that range. Should the oil price break out of the current range. it will form a new range. Longby RogueCleaner2