Hello,Traders! CRUDE OIL has made a Retest of the rising support Line and it is making A bullish rebound so Our local bullish bias Is confirmed and we will Be expecting a further Bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Again an opportunity to expect oil to rise. The exchange rate rebounds from the support-resistance level.
Hello,Friends! USOIL pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 81.20...
Hello Everyone, WTI is presently examining the monthly and daily support levels, while the weekly support appears robust. Additionally, it seems that the 1-year pivot point (PP) has offered ample support to initiate an upward movement in price. WTI maintains its position as a strong long-term investment, provided that the price stays above the 1-year PP. ...
On the big picture of Oil chart it should come down to 73 usd (200ma monthly chart) ,the lowest point ,but I think it will bounce up from 74-75 (200 ma weekly chart) and then all the way to 100 usd by September ,with the first rate cut it will go to at least 115 usd...this is just my scenario , no investment advice..I am playing my own money ...DYOR
Here's a bullish technical analysis for USOIL on the H4 (4-hour) chart: 1. *Trend Analysis*: - USOIL has been showing a *bullish trend*, with the price consistently forming higher highs and higher lows, which is indicative of a strong upward momentum¹. 2. *Support and Resistance Levels*: - Key support levels have been identified where the price has shown a...
As you see in the chart, the price is retest the trend line and the fib extension 161.8 zone. We'll expect rebound soon to 82.10
Hello,Traders! CRUDE OIL was going Down but now we are Seeing a bullish breakout From the wedge pattern So we are locally bullish Biased and we will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Oil prices have dropped below $77.5, hinting at possible further decreases. The next support levels are around $76.8 and $76. With tensions in the Middle East, caution is advised for investors as geopolitical issues often affect market trends.
WTI oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 77.21 1st Support: 75.98 1st Resistance: 80.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Hello traders, USOIL has been bearish since early of April. It got one week correction and turn down to drop hardly again last week. On the left weekly chart, last week Strong bearish candle cross EMAS down to a new low. This is a weekly bearish signal for us. On the right 4H chart, seems like it stops dropping by reaching FIBO EXT 1.27-1.414 support zone....
U.S. crude oil inventories are forecasted to grow by 1.2 million barrels for the week ending May 3, a decrease from the 7.3 million barrel surge reported in the prior week, according to strategists at Macquarie in a recent Monday briefing. The overall U.S. crude balance is projected to be considerably looser than previously expected. technically: The price...
Short exposure to crude oil has been trending higher among large speculators and managed funds since late March, although clearly they remain net-long overall. And whilst long exposure dipped a couple of weeks ago, both sets of traders increased long exposure last week and net-long exposure remains at a healthy level overall. And neither is it at a sentiment...
WTI oil (XTI/USD) is trading close to a pullback support that has been identified as the pivot. Could this commodity potentially bounce off this level to climb higher towards the 1st resistance? Pivot: 78.39 1st Support: 77.21 1st Resistance: 80.10 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
WTI oil (WTI/USD) is rising towards the pivot, which has been identified as an overlap resistance, and could reverse to the 1st support. Pivot: 80.31 1st Support: 77.19 1st Resistance: 81.85 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
#USOIL UPDATE Hey team hope you all are enjoying our professionals market analysis. We analyze the market deeply. Now we are here to discuss about USOIL. USOIL is exactly on the way as predicted. Already in good gain. We can see here a small support level. But maximum Chances it will break this support level. If it breaks this level we can Price around 70...
WTI oil has broken trendline and neck of head and shoulder, so it may drop furthur.
7/5/24 - As we can see, WTI could potentially done its bids and expecting it to starts offer out at this point. With the confluence of it reaching going back to 50MA. The only way WTI will offer out is the breach 50MA with volume. If it rejected it and price heading back to double bottom, I will see as my expectation of WTI going up invalid. All the best traders. - Nav