Here are the reasons behind the trade Uptrend Price moving in ascending channel Will test the 0.68 fib level then execute the order
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 85.758 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 82.400 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 90.325...
Hi I have had many works on OIL chart and honestly I have not been able to find a satisfying analysis even for myself but I always want to share my ideas and get you opinions about them. For crude there are to bold scenarios for sell and buy and it is not practical because the trend will go up or down finally and having buy and sell scenarios may work for...
This breakout could take the price to $96. This could trigger another inflation 🌊
Hello Traders ! Yesterday, The USOIL Broke The Resistance Level (83.56 - 82.50). This Resistance Level Becomes a New Support Level. So, I Expect a Bullish Move 📈 ----------- TARGET: 86.30🎯
Detailed technical analysis for WTI Crude Oil. Price action & important key levels. Daily/4h/1h time frames analysis. Bearish outlook explained. ❤️Please, support my work with like, thank you!❤️
as price reach the top of the bearish flag the bears are looking to push price down so I am going short
WTI Crude Oil appears to have completed a multi decade Bear Cycle that started during the 2008 subprime crisis. Such long term trends and patterns can only be viewed on monthly timeframes and for this analysis we have chosen the 3M. Technically Oil is only neutral on its 1M technical outlook (RSI = 54.985, MACD = 2.990, ADX = 14.499), which indicates its strong...
Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 82.58 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
I just predict the oil in Longterm timframe Since I look back where I was at 2022 It was ATH and Now it's going for wave B by Quarter 2-3 this year
If you haven`t bought the dip on USOIL: In the chart, there's an inverse head and shoulders pattern visible. Coupled with robust travel demand anticipated this summer, I predict USOIL could reach $90 during this season!
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...
USOil WTI Technical Analysis and Trade Idea In the video, we analyse a potential trading opportunity for USOil. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. It is crucial to incorporate sound risk management...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 84.90 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 84.90 support and resistance area. Trade safe, Joe.
WTI crude oil futures fluctuated higher, trading at $84.89 per barrel, an increase of 1.09%. Since March 27, oil prices have continued to rise and have hit a five-month high. During the European session, WTI crude oil prices continued to rise, hitting $85.42 during the session, before falling slightly during European midday trading. To some extent, oil's rally is...
The latest COT report, combined with the activity in the options market and technical and graphical analysis, suggests a potential bullish scenario for oil prices. The COT report indicates a bullish market sentiment for oil, with an increase in bullish commitments compared to the previous report. Recent activity in the options market suggests that traders are...
According to the famous bullish triangle of the Elliot analysis technique We can see the lack of volume in the beginning of triangle and the whole (ABCDE) scenario , After the last retracement of oil market we shall see Great impulsive action in the market. The projection above the targeted area could be a potential warning of WW3
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