we found out that a trendline has been holding usoil from not heading higher that why we saw the stall around the trendline for now we are still on a 50/50 bias
Hello, dear traders, I analyzed the oil chart and the result of the analysis is that oil is moving upwards in the daily time frame, but we have a good confirmation that it is correcting towards the daily order block in the four-hour time frame. This modification has created two blocks of orders for us. Once the market has collected the liquidity.and reached our...
Technical short solely based on price action and and indicator alignment. Sell: At current price= 84.494 Target = 83.013 However I am of the opinion that there is another sell opportunity at 83.901 Summary- Sell 1st Entry =84.494 2nd Entry=83.901 Target= 83.013 Caution you may wait for price to break support at 84.360 and retest it. May you please boost,...
Oil prices are still relatively cheap on the bigger TF's, compared to where they will be in the near future. Currently up 20% from our green supply zone. Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Oil prices are still relatively cheap on the bigger TF's, compared to where they will be in the near future. Currently up 20% from our green supply zone. Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
OIL could temporally cool down to get more strength in its long term bullish setup. There are 2 possible trades, I highlight both, in case it doesn't drop here, it will do it sooner
#USOIL.. as we discussed in our last idea about oil market very well trade near to his supporting area, now keep close your area that is 85.25 around, if market hold it then further drop expected from here, good luck trade wisely
USOIL - 4/17/2024 - NY PreMarket Analysis Made a new USOIL chart. simple price line HH and LL, trend line, and see pattern forming based on Simple Trading Book. It is forming Bullish Pennant
OIL - Premarket Analysis Apr 16, 2024 3pm PST Part 2 This analysis was done around 4/16/2024 around 3pm PST after the market was closed. I saw a pattern forming which was from the Simple Trading Book. I was not sure if patterns in Simple Trading Book were legit. That is why I did not publish my analysis. But after a few hours later into Asian and London...
Dear Colleagues, we expected the price to decline, but it seems that the upward movement is not over yet. I expect the completion of wave "5", then a corrective movement in wave "B" of higher order in the area of 38.2% - 50% Fibonacci levels (83.62), after which I will consider only long positions to the resistance area of 88.00. Manage your capital correctly and...
Any rejection on crudeo oil at current price level will likely cause price to rally above 86.86! N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #usoil #crudeoil #wti #brentoil
Hello,Friends! USOIL downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 85.74 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
OIL - Premarket Analysis Apr 16, 2024 Based on Trend Anlaysi, Technical Analysis and Simple Trading Book for pattern recognition.
Hello traders..!! Absolutely, let's spice it up: Crude oil is teasing us with a classic double bottom dance, tapping into a key intraday support not once, but twice! 🛢️✌️ This dynamic duo formation is like the oil market saying, 'Hey, I'm ready to switch gears!' But here's the real kicker: the breakout above the neckline of this pattern? That's the ultimate...
The overall trend of crude oil bottomed out yesterday and rebounded. The MA5 position of the weekly line fell back and rebounded, and the middle track of the daily line did not break below. This shows that the market is still strong. In addition, the conflict between Iran and Israel will boost crude oil, so it is good to be bullish. After all, the current...
Hello Everyone, WTI is poised as a favorable long-term investment, supported by the confirmed upward trend spanning from 1 day to 1 year. Should the price stabilize convincingly above the weekly and daily pivot points, immediate upward movement is anticipated. However, failure to do so could prompt additional testing of weekly support levels, possibly even...
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USOIL is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?