WTI Crude Oil Forms Major Head and Shoulders BreakdownHi guys.
WTI has formed a massive Head and Shoulders pattern on the weekly timeframe, signaling a potential long-term bearish reversal structure.
After the right shoulder completed, price decisively broke below the neckline around the $67–$70 range, confirming the pattern breakdown. This neckline
USOIL Symmetrical triangle buying from key support📊 USOIL Update (1H Timeframe)
🟢 Symmetrical Triangle Breakout Setup!
Price holding strong at the key support zone – $60.000 ✅
🎯 Technical Targets:
1️⃣ $60.800
2️⃣ $61.800
3️⃣ $62.400
🧭 Plan:
Looking for buying opportunities from the support zone as long as $60.000 holds.
⚠️ Risk Management is Ke
Can WTI’s 8% Rally Hold After Trump-Putin Summit Collapse?WTI just staged its biggest two-day rally since June, as hopes for a Trump-Putin summit were dashed, leading to new US sanctions on Russian oil exports.
Here’s what’s fuelling the move and what traders should watch next:
- US sanctions on Russia’s top oil producers after failed Budapest summit tr
Oil: Key Fibonacci Zone to watch forPrice has been in a clear downtrend, with sellers firmly in control, driving a series of lower lows and lower highs. However, after a strong bearish leg, momentum began to slow, candles started showing long wicks and smaller bodies, signaling that selling pressure might be fading.
If price continue
USOIL: Bears Are Winning! Short!
My dear friends,
Today we will analyse USOIL together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 61.394 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmati
USOIL Is Very Bullish! Long!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 60.219.
The underlined horizontal cluster clearly indicates a highly probable bullish movement
WTI OIL 1D MA50 rejection. Sell Signal.Last time (October 14, see chart below) we took a look on WTI Oil (USOIL), we gave a Buy Signal right at the bottom of its 3-month Channel Down, which eventually hit our 62.00 Target:
This time we have a Sell Signal as the price and the Channel's Bullish Leg got rejected on its 1D MA50 (blue tr
WTI OIL Strong long-term rebound incoming.Over a month ago (September 17, see chart below), we gave a strong Sell Signal on WTI Oil (USOIL) as the price was again rejected on its 1W MA50 (blue trend-line) and was headed towards the inner Higher Lows trend-line, easily hitting our $59.50 Target in the process:
Yet again we consult the m
Today, both bulls and bears have opportunities in crude oil.
Yesterday's public announcement of buying short positions above 62 was a correct bearish strategy. Crude oil fell as expected, as everyone has witnessed! The daily closing price formed a hammer pattern with a long lower shadow. This pattern signals that crude oil has stabilized. Support below is ex
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Displays a symbol's price movements over previous years to identify recurring trends.









