Recently, oil prices have fallen to a certain extent due to multiple factors. This article will delve into the main factors affecting oil prices, including increases in crude oil inventories, + policy expectations, and the impact of geopolitical events on the market. From a technical point of view, it is still in a volatile decline, and the rebound is still...
Analysis: Price is extended towards the downside where potential retracement or even reversal is likely possible. Price may continue to dip further and more positions will be considered. Risk adverse traders should only enter smaller position for this initial position. Analysis: Long at market reopening as High Risk trade towards 79.66 as Take Profit - 1 level.
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...
Pivot 78.60 Our preference Long positions above 78.60 with targets at 79.65 & 80.45 in extension. Alternative scenario Below 78.60 look for further downside with 78.15 & 77.70 as targets. Comment The RSI is bullish and calls for further upside. Supports and resistances 81.30 80.45 79.65 79.35 Last 78.60 78.15 77.70 Number of asterisks represents...
Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 77.07. ✅LIKE AND COMMENT MY IDEAS✅
Hey there on 1htF the USOIL has comes yesterday upside from 76.70 and now we can also again take a look here for sell side so can be now go downside continue with these areas
On the daily chart, USOIL formed a bullish bat pattern and overlaid the demand area and then stabilized upward. The short-term market is expected to continue to rise, with the upward target looking at the 80.6-82.0 area.
BLACKBULL:WTI TVC:USOIL FOREXCOM:USOIL FX:USOIL GBEBROKERS:USOIL The overall trend of oil is still rebounding from a decline. The upward pressure currently existing above is at 80.56. However, the market never starts to rise after a rough bottoming, so the operation is still based on the reference conditions of yesterday's high and then the market...
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
BULLISH CHANGE IN THE STATE OF DELIVERY CONFLUENCES - Oversold -Fvg -Low swept -HVB -Divergence -NWOG -Trendline support CONFIRMATION ENTRY TYPE -Once price retraces to FVG/+OB/NWOG scale to lower time frame and wait for the reversal setup.
Yesterday I thought oil would reach 79.5, and I thought that if oil closed at 79, the probability of rising today would be high, but the highest it could only reach 79.2. After my analysis today, I believe that oil started to fall from 87.6, reached as low as 77, and finally fell to around 76.9, a total drop of almost 11, so I judge that oil has some room for...
The rebound in the downtrend is approaching resistance, sell, tp78.9/78.6/78.1
Oil prices fell for three consecutive trading days. Positive news from Hamas interrupted WTI oil's rise to $80. The U.S. dollar index held above 105.50 and was flat ahead of weekly jobless claims. Looking at the daily chart of crude oil, oil prices have been falling continuously during the week, causing the 55-day moving average to be broken below, and the...
Crude oil did not fluctuate much yesterday, maintaining a range with a high of $79.09 and a low of $77.92. The fluctuation range was $1.17. After the opening in the morning, the market fluctuated from the opening price of $78.16 to $79.09. After reaching the US market, the market was as follows After a sudden fall, it fell to last night's low of $77.92. The market...
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 (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 (WTI) is under pressure, it has retraced into my optimal entry zone on the 4H. Looking to sell at the currrent level with a 2R target. SL above the previuos high. Not financial advice.
OPEC cuts lead to lower oil, not higher oil prices. That is why they are cutting . If Global demand was there they would not be cutting they would be selling as much as they can at higher prices. I see too many people get this backward.