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West Texas Intermediate Crude Oil cash

BLACKBULLWTI
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About West Texas Intermediate Crude Oil cash

Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.

Ideas

Petrol Breakdown analysis 28/03/2023Dear traders petrol was up trend and strong trend so he rejected previous weekly candle so it may consolidate a bit I expect petrol is he reache the key level of resistance zone it may be down so wait for price action to react and take the opportunity TRADE SAFE
WTI H4 | Fibo confluence?Looking at the H4 chart, the price is currently at our sell entry of 72.56, which is an overlap resistance along with a 50% Fibonacci retracement and 127.20% Fibonacci extension. Our stop loss will be at 74.68, which is slightly above the swing high resistance. The take profit level will be at 71.46
WTI Long #WaveAnalysis #WTI crude oil reversed from support level 64.40 • Likely to rise to resistance level 73.20 WTI crude oil recently reversed up from the powerful support level 64.40 (which has been reversing the price from the middle of May). The upward reversal from the support level 64.40 stopped
Long
WTI H4 | Potential reversal from 38.2%?Looking at the H4 chart, price has reached our sell entry at 70.380 along with a 38.2% Fibonacci retracement. If the price were to reverse from here, it could potentially drop to our take profit level at 67.02, which is an overlap support. The stop loss will be at 72.80, which is just slightly above
WTI, H4|Potential bearish breakoutPrice has exhausted around the 20-MA on H4 and has now moved below this MA. We could see the momentum carry price down through the 10-MA to its take profit target. Entry: 66.701 Why we like it: Break of the 10-MA on H4 Stop Loss: 68.048 Why we like it: High of day on 21st March Take Profit: 64.36
BREAKDOWN ANALYSIS PETROL 21/03/2023dear traders petrol trying to follow trend up so I expect petrol after bulk back in zone 66.92 it may be a chance to take a buy and if he breaks and close below 66.92 it will be high probability to sell ..follow my instructions and trade safe

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