The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USOIL pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
A few indications of bullish Oil, 1) A break out of $80 from the sideways action over the last few months from 70-80 2) Support area around 80.5, 81.5 from bounces. However one thing to note, bears seem to be missing. The bearish moves previously was violent like on 23rd feb, 4th March, 7th march, 8th march.. were $2-3 moves. After that it was 10days bulls...
Hello everyone! Here is my opinion on USOIL: We have liquidity before the zone. We have an interesting non-mitigated zone. We have an optimal fibo zone. We're in line with the trend. That's why I'd like to see USOIL bounce off the zone and go up!
🛢 CL OIL, H4 🛢 29 March 2024 Crude oil prices are on a continuous ascent and are currently testing the resistance level at $83. The optimistic outlook for oil prices persists due to the announced production cuts by OPEC+ and the resulting tighter oil supply expectations. Additionally, the decline in the oil and gas rig count in the U.S. during the last week of...
USOIL is trending Bullish trend in the IH time frame and printing higher high and higher low
As the four major inventories continue to decrease. U.S. oil continues to rise. WTI quotation as of closing: 79.153 U.S. API crude oil inventories for the week to March 8 (10,000 barrels) (-5.221 million barrels) U.S. EIA Cushing, Oklahoma crude oil inventories for the week to March 8 (-1.536 million barrels) EIA crude oil inventories in the United States for...
Overall, WTI crude oil futures prices have found resistance over the past few trading days, hovering around the 50.0% Fibonacci level of 81.50. But the formation of a triangle pattern in this area could mean a possible price breakout in the coming sessions. Under the dual influence of the OPEC+ meeting and geopolitical factors, there are still many uncertainties...
Market Analysis: Crude Oil Price Gain Bullish Momentum Crude oil prices are gaining bullish momentum and might rise toward $85.00. Important Takeaways for Oil Prices Analysis Today Crude oil prices rallied above the $81.60 and $82.00 resistance levels. There is a key bullish trend line forming with support at $82.30 on the hourly chart of XTI/USD at...
On the negative side, sources said that + next week’s meeting is unlikely to make any changes to oil output policy, and the latest data showed that API crude oil inventories increased by 9.337 million barrels, which has revived demand concerns. From a technical point of view, crude oil is trading sideways, and you can sell high and buy low. as the picture...
daily fibo 61.8 key lvl daily trendline touch h4 trendline touch
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A bearish hammer is formed at the 15 min time frame of the usoil. This hammer is formed at the HH of the chart so a small pull back is expected form here. A small trade of short can be taken from here.
Hey there on 1htF the USOIL has already made our target on yesterday we have make our next target but today they completely done and now also moved upside 86$ We will soon see more rise upside
I see a fair chance of this move happening. The ascending wedge pattern has just tapped into supply and market is shows some signs of weakness. I am still holding my previous short and so this position I am entering is small.
The seasonal bearish effect could come into play very soon. There are also significant technical signs we should see some sort of correction here to the downside.
The WTI light crude oil benchmark is currently navigating a complex landscape, trading around $83.50 amidst a convergence of factors influencing its trajectory. At present, the market finds itself within a critical juncture, characterized by the interplay of supply dynamics, geopolitical tensions, and currency movements. Recent market movements have seen WTI...
Dear colleagues, I suppose that the upward movement is not over yet! The price is forming Multiple Zigzag. I expect the price to reach the support area at 79.00, having finished wave X, after which I expect the upward movement to continue at least to the resistance area - the maximum of wave C at 83.00. I do not recommend entering short positions! We are looking...