Here is our detailed technical review for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 78.57. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 80.50 level. P.S We determine...
Hello everyone, I'm buying OIL on the breaker block and I'm aiming for TAKE PROFIT on my buy side liquidity.
Hi These are the pairs I am watching today Market full of opportunity
Crude Oil is trading in a bullish trend. The price retraced to a solid vertical trend line on a daily. After its test, I spotted a confirmed bullish breakout of a resistance line of a falling channel on an hourly time frame. I think that bullish rally may resume soon. Goals: 78.0 / 80.6 ❤️Please, support my work with like, thank you!❤️
Price just mad it’s first CHoCH to the downside and right now it’s looking to mitigate the internal demand ,going for a buy and creating another ChoCh when it hits the External Supply which will give price the Strength/Volume it needs to push price lower in order to continue the Bearish move
The inevitible on this as the Navy is in the oceans going to slight wars. We having import export problems as well as oil drilling issues.
Looks like US Oil is setting up for a H/S Pattern so I am waiting for price to retrace back to this area then I am going short
WTI Crude Oil is neutral on its technical outlook across the three different long term timeframes 1D, 1W and 1M (RSI = 50.461, MACD = 2.330, ADX = 15.020). The latter is the timeframe that we are looking at on this chart and as you can see, Oil is inside a Triangle pattern, which inside the 17 year Channel Down is the pattern that consolidates the price before a...
Hello, We identified a buy signal with high probability on CFDs on WTI Crude in the 4-hour chart for a target of $80.80 within a few hours (short-term investment). Ibrouri
In this chart we spotted Head & Shoulder and we expect a good down trend but there is chance it will go UP as there is no DIVERGENCE SPOTTED there is 50/50 possibility either it goes up or down.
Hello,Traders! CRUDE OIL is trading in an Uptrend along the rising support From where we are already seeing a Bullish reaction so I think that The price keep growing Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Crude oil spent all of Wednesday morning rallying steadily, in a move which saw front-month WTI launch another attempt to break above resistance at $80 per barrel. Once again, it was rejected and has gone on to lose more ground this morning. The final leg of yesterday’s upside push came after the latest weekly update from the Energy Information Administration...
Hello,Friends! USOIL is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
Crude oil market analysis The recent crude oil daily line with a Yin and a Yang, the big game of long and short is very strong, can not see the direction of the short line, but the bullish trend of the weekly line has not changed, today's crude oil back to consider the layout, yesterday high to the previous high pressure was suppressed, today in 79.00 below to...
Oil is currently facing challenges within a specific range. It has the potential to surpass this range and reach 85, and possibly even 88-89. On the other hand, it could also drop below this range and return to 68.
CL OIL, H4 7 March 2024 Oil prices have rebounded from their liquidity zone and maintained their previous high levels, forming a double top price pattern. The dovish stance from the Fed's testimony has provided support for higher oil prices. Additionally, the weekly U.S. oil reports falling short of expectations suggest an improvement in oil demand in the U.S.,...
WTI oil (XTIUSD) has ranged between 78.09 and 80.79 since 28th February. It is falling towards an overlap support level at 78.09 which has been identified as a pivot point. Could price bounce off this level once again and potentially climb higher towards the 1st resistance? Pivot: 78.09 Support: 76.26 Resistance: 80.79 Risk Warning: Trading Forex and CFDs...