In the past hours, OIL (WTI) experienced a sharp rise driven by news of Iran's president's death, which significantly impacted market sentiment. This surge allowed OIL to break above the bearish channel and catch the liquidity over the resistance zone, as illustrated on the chart. However, despite this upward spike, the price action suggests that OIL may continue...
WTI Oil (USOIL) made yesterday a strong rejection on the 1D MA200 (orange trend-line), which has been essentially the Resistance since the price broke below it on May 01. Having this level as a Resistance for 3 weeks makes it the strongest sell entry candidate, considering also the fact that this is the top of the 1-month Channel Down, thus a new Lower High. As...
Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 79.09 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Oil prices fell early Tuesday after a report that U.S. inflation was higher than expected reduced the chances of a U.S. interest rate cut. At the same time, Opec maintained its optimistic forecast for oil demand in 2024. West Texas Intermediate (wti) for June delivery fell $0.47 to $78.65. Brent crude, the international standard for July delivery, fell 46 cents...
Affected by the geopolitical situation, crude oil bulls still take the initiative. Although there was a wave of correction after the failed move to $80, another rise is likely in the short term. Once it breaks through the 80 integer mark, it will continue to test the resistance near $82 upwards. The profit margin is still very large, and it is worth buying during...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Previous week was kind off Bullish for oil... prices revisited 76.4 lows and pumped from there reaching 79's. Monday started well with a pump in prices till 79.9 followed by a dump till 78.7 levels... which could be and should be considered as a liquidity grab as per the chart. The dump was followed by a beautiful pump (SL's triggered) till 80-.12 levels followed...
Oil continues to buy at low levels NYMEX:MCL1! NYMEX:CL1! BLACKBULL:WTI
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.67 which is a pullback support. Stop loss is at 76.50 which is a level that lies underneath a pullback support. Take profit is at 80.12 which is a pullback resistance that lies underneath the 50.0% Fibonacci retracement level. ...
EUR/NZD Short Minimum entry requirements: • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SOYBN/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 15 min continuation, 5 min risk entry within it,...
Looking at the daily and hourly time frame, I decided to take the opportunity to buy because the resistance area has so far been able to be maintained
Hello, traders Due to the serious geopolitical situation taking place in the Middle East, there is a potential trend for US oil to move higher. The Israeli attack on Rafah and the death of the Iranian president have caused serious tensions in the Middle East, which could affect the price of black gold and oil. Bullish target :79.60 79.80 80.10 Bearish target...
Usoil buy situation in the day chart short term correction completed now looking for buy momentum
#crudeoil us oil is selling coming. With head & shoulder patterns.that’s my analysis,hope market will felll like this then earn good money for bearish people. If u like it please hit like button & subscribe
Hey traders! 📈 Let's discuss the current outlook for USOIL WTI: 🔍 Technical Insight: We've observed a compelling development in the WTI market as it recently touched the lowest point within the current uptrend channel, dipping below the golden pocket levels. This move prompts a closer examination of the prevailing market dynamics. 📊 Daily Timeframe...
Head and shoulders pattern, I plan to make a big layout, sell in the range of 80-81.2, tp 77.7/75.3
Iranian President Ebrahim Raisi has been killed in a helicopter crash in a mountainous area of the country. Rescuers on Monday found the helicopter that had been carrying the president and other officials including Foreign Minister Hossein Amirabdollahian, who also died, the semi-official Mehr news agency reported. It crashed on Sunday near Tavil village in...
Buy oil at around 79.3. Ultra-short-term trading shows that there is huge support below.