VANTAGE:USOUSD
With the news catalyst of massive new open leases on federal land for USOIL
and the big oil companies USOUSD has reacted with a big uptrend.
with major resistance 3 to 4 percent higher this may continue.
This seems to be a good setup for a swing long trade on USOUSD
and potentially any of the big oil stocks.
I mentioned yesterday there was daily bull divergence and now we are starting to get over the channel trendline. We've gotten over it before only to be sold off rather quickly, so I'm just putting a caution out there. Bulls want to see 88.50 hold if there is any sell off. Over 93 and holding would be very bullish and probably would rally to about 104 minimum...
✅CRUDE OIL is trading in an downtrend
With the oil set to retest
The falling resistance line
From where I think bearish movement will continue
SHORT🔥
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TVC:USOIL
CFDs on WTI Crude Oil Daily
Finally,, Oil appears set to visit the Daily Price objective at 70.200 with a completion of Bullish Bat Pattern on Daily Chart.
DISCLAIMER
Charts are EDUCATIONAL, not INVESTMENT recomendations
I´m expecting WTI will drop soon. Please do not use entry line like a trigger. Enter just if any 1H candle CLOSES under the entry line. Then enter and set SL. Don´t set SELL STOP order. SL is calculated as 1ATR from 4H TF. TP lines are also strong pullback areas, so please TP your position partially. Final target is 73-75. I´m not a signal service but I do my...
No reasons for bullish trend in macro terms. Also in short term we have some price targets : 89,90 ...but no bullish signs.
SHORT at 88 ( SL at 94 ) - ( TP 85 ) - probabilty winn = 80%
SHORT at 89 ( SL at 94 ) - (TP 87 ) - probability winn = 90%
SHORT at 90 ( SL at 94 ) - ( TP 88 ) - probabilty winn = 96%
USOIL, Crude oil will boost up from range. Trade moved in three directions according to our previous analysis. now new wave will be up from range 88-73 back towards new highest level of history.
We are consistent with our previous analysis. We publish precise and compact information after careful consideration which give you quick glimpse for comparative...
NOTE THAT THIS IS PUERLY TECHNICAL ANALYSIS
Price reacted beautifully from the Daily Bearish Orderblock and broke to the downside
Now we are currently sitting below the 50% Equilibirm Fib Retracement level. IF we should go above the 50% fib level, i would expect that price should reach into the FVG and then continue on its way to the downside
We could...
Hello,Friends!
Indecision in the market is changing
Towards a clear bullish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a good idea to go long!
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TF 1 DAY
Xtiusd oil
Short around 105-107
For the target area of
Tp1 100
Tp2 98
Tp3 96
Double Top Neck Line Breakout at 92
Next levels are 90 - 88 - 85 - 82 - 80 - 76
USOIL WTI W1 Will be Down Till $38 if my 1st TP zone break out then next we will be seen 38$. Share your opinion in comments. Like and follow me. Thank You
View On WTI Oil (18 Aug 2022)
We are seeing some possible bottoming on Oil and $80~$85 will be a strong support.
I foresee it may swing back UP.
Take it slow and $100 will be nice.
DYODD, all the best and read the disclaimer too.
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