WTI Oil (USOIL) hit our long-term 82.50 Target last week, a call made early this year (January 12, see chart below) when the price was still at $74.33: At the moment, the price sits above the 1W MA100 (green trend-line) for the first time since the week of October 23 2023, as the week opened above it. This calls for an upward extension similar to the...
At present, due to the intensification of international geopolitical conflicts, market supply concerns have once again heated up. At the same time, manufacturing data in the United States and China have rebounded, and demand-side expectations have increased. The dual benefits on both sides of supply and demand have stimulated the rebound of crude oil....
Three lines are drawn based on three levels of the Volume Profile (VAL-POC-VAH). These three lines can be used as support or resistance levels for daily trading.
On the 4-hour chart, USOIL fluctuates upward, and bulls have the advantage. At present, the market has closed out a 2 pinbar pattern. In the short term, we can pay attention to the support near 84.0. If it rebounds and stabilizes, it will continue to rise. The upward target is towards the 87.0-89.0 area.
Crude Oil Technical Analysis Daily resistance is 82-83, support below is 80.45 Four-hour resistance is 82.5, support below is 80.5 ✅Crude oil operation suggestions: Crude oil prices edged higher as a weaker dollar and renewed geopolitical tensions in the Middle East and Eastern Europe heightened concerns about supply disruptions. Recent Ukrainian attacks on...
USOIL (H4) : Bullish and Bullish Focusing on the FOMC's monetary policies, WTI corrects to almost $82.40 due to profit booking. West Texas Wednesday's Asian trading hours saw an inclination in the price of intermediate oil to around $82.40 per barrel as investors booked profits and crude oil prices pulled back from their recent highs. In addition, the market...
Consider initiating a buy position for Usoil at the current market price of 8198.8. Establish multiple take-profit targets to optimize potential gains: firstly at 8260.7, secondly at 8290.6, then at 8380.1, and finally at 8490.1. Diversifying your profit-taking strategy across various price levels can help capture gains at different market conditions. It's...
U.S. crude oil inventories continue to rise, and short-term demand concerns have also increased. However, as expectations for U.S. interest rate cuts have increased, the loose atmosphere has given crude oil some support. At the same time, short-term supply-side pressure has increased as geopolitical conflicts intensify. Crude oil also stretched again after...
"Investors are eyeing an opportunity with a target price (TP) set at 86,000, coupled with a stop-loss point at 84,000, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy...
✅CRUDE OIL is retesting a key resistance level of 85.95$ So I think that the price will make a pullback And go down to retest the demand level below at 84.63$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 82.362 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 80.000 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at...
"Investors are eyeing an opportunity with a target price (TP) set at 86,000, coupled with a stop-loss point at 84,400, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy is...
Negative Divergence show weakness in the current uptrend movement, Will take this chance as short and follow our targets, Note: stability for 1 day above the high, will be closed as loss
WTI Crude Oil reached the top of the December 2023 Channel Up as well as the dashed Channel Up that started after it crossed over the MA50 (1d). This is a double sell opportunity. Trading Plan: 1. Sell on the current market price. 2. Sell again if the price closes a (1d) candle under the dashed Channel Up. Targets: 1. 82.00 (bottom of dashed Channel Up). 2....
I provide here a guide to how to short, when to long and where 4 hour bullish liquidity will be found, as well as no trade zone. 5DMA is safety so you need to wait for a not only rejection off buy channel (yellow) but also a failure below 5DMA in order to take a short. Long above $80 and wait for structure such as a retest of 4 hour sell channel for liquidty to...
Oil prices reached their highest level in seven months, partly driven by worries that escalating tensions in the Middle East could constrain supply. Iran has warned of a potential "serious response" against Israel following a targeted strike in Damascus that resulted in the deaths of two Iranian generals. This incident has raised concerns about a widening...
Crude oil rose slowly on Tuesday and touched the 85.4 line. At the beginning of the week, the pressure node of 85.5 was mentioned many times. This is the suppression point of the weekly MA120 moving average. Tonight, the 85.5 line can be treated as the dividing line between long and short. From a short-term perspective, the Bollinger Bands in each time period...
Hi' trader what do you think USOIL USOIL now is resistance zone 84.80 I think USOIL go to retest level 80.90 USOIL now is the high price 84.80 and 85.00 i think USOIL movement retracement support 81.300 and 80.90 please guys like comment and follow thank you for support