FX:USOIL TVC:USOIL The blue area around $60/barrel is my POI for buys since there's going to be a lot of available liquidity for institutions to step in at cheaper prices. If it supports nicely, I believe it has the possibility of going after the liquidity over the $120/barrel high.
possibly buy short-term after we get an mss but I hope for a potential sell after buying to clear the idm formed already
Oil’s Tug-of-War: Iran Tensions vs. Evergrande On Wednesday, WTI crude futures dropped below $77 per barrel, undoing a 1.4% increase from the prior session, all while the U.S. readies itself to address a lethal attack on its troops in the Middle East. Perhaps traders are concerned more about the liquidation of China Evergrande, raising worries about the...
"Green" Energy isn't so green. After seeing what's happening with europe, what will happen when the US runs empty on the strategic petroleum reserves? With the new policies put into place; the cost will once again be passed onto consumers. Will 17 be proven right once again after this november?
please be considerate with the stop lost and take profit is dependent
I am assuming the next move up within the wave 5. Posting more relevant info re my trades in the updates below. Trade safe
Short the Crude around 76-77 Level Stop loss would be 78. Target 73.50
Price appears to be overbought, we could expect price to drop in the coming week.
Oil prices continue to pull back from the two-month highs hit on Sunday night. Despite this, front-month WTI and Brent are still above prior resistance (now support) levels of $75 and $80 respectively. These levels marked the upper end of a trading range which had developed since the beginning of the year. But prices broke above here last week, helped by fears...
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the...
Oil to 76.2 projection for this week. JANUARY 21 2024. Do what you may with this information remember the markets are supposed to be "SPECULATIVE"
bullish potential oil double bottom, and break resistance now become support
In terms of crude oil, we continue to pay attention to the idea of shocks during the day. With the current unstable situation in the Middle East and the surge in OPEC crude oil production, the market outlook continues to be dominated by shocks. Technically, focus on the upper pressure near 78.40 during the day, and the lower support is around 76.65/74.7
According to the strategy this the most likely scenario that will happen si better to wait for the moment.
Market Analysis: Crude Oil Price Eye Additional Gains Crude oil prices are gaining bullish momentum and might rise toward $82.00. Important Takeaways for Oil Prices Analysis Today Crude oil prices rallied above the $74.90 and $76.00 resistance levels. There was a break above a key bearish trend line with resistance near $76.80 on the hourly chart of...
Dear colleagues, the price has confidently reached the previous target of 79.37. Now the price is in correction and I suppose that the price will test this area again. It may even retest the high of 79.30. After that, most likely, I will consider a downward movement, but more on that later. Manage your capital correctly and competently! Only enter trades based on...
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 77.081 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 75.900 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at...
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research.