Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 79.92 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Take a look at our analysis for USOIL. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 80.65. The above observations make me that the market will inevitably achieve 81.34 level. P.S Overbought describes a period of time where there has been a...
Current setup $81.85 in WTI Crude Oil IS Bullish. Target = $84-$84.5 Support = $80.20 Ascending triangle with Bullish slope HH-HL Green Candle RSI = Bullish
Crude oil prices showed a volatile trend yesterday, hitting $80.5 and then began a bullish rebound, with the highest point reaching the 81.4 area. The daily K-line closing showed a hanging bardo pattern of rising and falling. Although the price encountered resistance at the 82 mark, the current daily level is still stable above the 10-day moving average, showing...
Pivot 81.35 Our preference Long positions above 81.35 with targets at 82.25 & 82.65 in extension. Alternative scenario Below 81.35 look for further downside with 80.90 & 80.55 as targets. Comment The RSI advocates for further upside. Supports and resistances 83.00 82.65 82.25 81.84 Last 81.35 80.90 80.55 Number of asterisks represents the strength...
Looking at crude oil on the daily chart, after reaching a new high of 83.60, oil prices have fallen back and adjusted. The strength of its pullback is limited. The moving average system still maintains a bullish arrangement, and the mid-term objective trend remains upward. It is expected that crude oil will enter a shock adjustment around the high of 83.60,...
In the fluctuating energy market, it's wise to identify potential opportunities that arise. With the US Oil price having retreated from its peak at $82.10, experiencing significant overbought conditions, we are now entering an intriguing phase to monitor. Currently, the US Oil price has reached the mark of $80.95, indicating strong signs of a potential reversal....
WTI (OIL) has just reacted off the resistance and could fall to overlap support that lines up with the 38.2% Fibonacci retracement. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 82.33 Support: 80.91 Resistance: 83.54 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
If oil is above 80, it is still an upward trend. The lowest oil price yesterday was around 80.8, and the current range is about 80-83.5 Published API data showed that U.S. crude oil inventories fell by 1.52 million barrels in the past week, slightly higher than market expectations. Separately, the American Petroleum Institute reported that Cushing crude oil...
"Investors are eyeing an opportunity with a target price (TP) set at 82,800, coupled with a stop-loss point at 80,300, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy is...
USOIL is slowly laddering up to the upside inside a bullish channel. Here we expect a bullish breakout and a continuation to take place over the key level formed on top. If the breakout happens as expected we may see a rally towards $90-$93 region.
TVC:USOIL Cycle overview Daily - we are currently entering timing window to print Daily Cycle 2 coming out of ICL in December. I'm expecting a push higher to break above the declining trendline as we push higher to ICH Weekly - On week 15 looking to push higher to HCH expected around week 18-20 Monthly - In a new yearly cycle, expecting HCH around...
check it - betting the hosue on it, doubled up - see what happens
Hello, We identified a buy signal with high probability on CFDs on WTI Crude OIL in the Daily chart for a target of $84,5 within a few Days. Ibrouri
Hey there on 1htF the USOIL also Looking For Fly to The upside We can next support area see 86$ so now as we continue looking for upside the market has making pressure for every point to make some liquidity and then go upside
Oil prices are up 15.76% (1100 PIPS) from our green supply zone, which was posted live for you all. Oil position still running in profit for our bigger Gold Fund investors📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!!!
Oil prices are up 15.76% (1100 PIPS) from our green supply zone, which was posted live for you all. Oil position still running in profit for our bigger Gold Fund investors📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!