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.
WTI is following my main ideas and it showing us a good bullish pattern that I really like. We can see a strong divergence on multiple timeframe, a break above main trendline, and it's giving us enough time to accumulate longs at a strong support zone. My first target is the same as previous ideas
Hello, We've identified a current opportunity to buy WTI Crude Oil with a high probability in the Daily chart. Our target is $82 within a few days (Swing trade). Ibrouri
Hello,Traders! CRUDE OIL was going Down but now we are Seeing a bullish breakout From the wedge pattern So we are locally bullish Biased and we will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
CONFLUENCE -Momentum shift -Price is oversold -Found daily trendline support -Filled NWOG CONFIRMATION ENTRY TYPE -Scale to LTF for reversal setup
Watch this space for more update, OIL is now bearish . We are setting second sell limit at 86.17
Had to reasses my elliot wave count here and adjust accordingly. I did not get in a long since the smaller time frame never ended up confirming, this is the updated count, we may have finished the 5 of a ending diagnol here, and will get long if we get a 30 pullback and 5 to confirm.
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...
Crude Oil Technical Analysis Daily resistance is 79.6-83.4, support below is 76.8 Four-hour resistance is 79.6-80, support below is 78-76.8 Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days. The short-term resistance above today continues...
We are close to 13% correction and there is space to see green daily candle...
Price is barely holding the support line. If it bounces we have mapped the upside target. If it breaks down then we have mapped out our downside target. We are in a grey zone, neither direction is clear. We believe most likely we will see a breakdown but it is a close call. Are you long or short?
Swing idea on Oil using trend lines as a way of managing downside and trailing stop in profit 4h time frame only