The trading opportunities for oil are not very big at present, but mainly fluctuate within a narrow range. After the news boosted strength. The price is still fluctuating around 81. I made a profit by buying oil prices around 80.7 in the morning, and the U.S. market is about to begin, judging from the 1-hour trend chart. The trend is still mainly bullish. MA is...
Let’s first look at the support in the 80.5-80.2 range. If the support is valid, go long. The indicators are now more favorable to shorts, with resistance around 81.3. If it falls below 80.2, there will be a small rebound, but 80.5-80.8 will become strong resistance, so the risk of shorting is smaller and the profit opportunity is greater.
Area of interest (buy zone) at daily WTI trendline. Possible short position to trade into this zone on the back of: - Price rejecting channel line - Weekly profile closing as reversal b shape with POC at low of week - Entry on breakout through 30min symmetrical triangle and low of previous week
In today's oil market, we have witnessed a strong bullish rally after a -3.37% drop last week between Tuesday and Friday. This momentum is due in part to increased conflicts in the Middle East and on the Ukraine front with Russia. The disruption created in Russian refineries with Ukrainian attacks by fighter drones throughout the month have created geopolitical...
🛢 CL OIL, H4 🛢 25 March 2024 Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development,...
WTI oil (XTI/USD) could bounce off a pullback support at 79.79 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 79.79 Support: 76.60 Resistance: 84.35 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
WTI oil (USOIL) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 80.472 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 79.000 which is a level that lies underneath an overlap support that aligns with the 61.8% Fibonacci retracement...
Break of yellow line to the upside go confirm for a buy and use the green lines for the tp's break of yellow line to the down side confirm and use the green lines as the tp's.
WTI oil (USOUSD) could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target. Entry: 80.563 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 76.830 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Well Nov was support last wk . this wk is .382 play . Presently in grain sheds support req'd to get back to .5 -Nov above failure brings .382 -79.98- Dominant Fib test in play mid mth mid fib barns
It could just continue up from here, but I would like to enter from a lower price point.
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
The rise in crude oil has ended, and $82 has become the end point of this rise. We will continue to short crude oil, currently focusing on $76 I send accurate signals every day while providing the most professional guidance!
Russia's problems are the main factor driving oil prices higher. The many attacks on key oil infrastructure are affecting the exports of the Russian Federation. Despite the sanctions, Russia remains the world's main exporter of oil, either directly or through intermediary countries. On the other hand, the upcoming elections in the United States are the reason why...
The analysis of the USOIL chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️
The rise in crude oil has ended, and $82 has become the end point of this rise. We will continue to short crude oil, currently focusing on $76 I send accurate signals every day while providing the most professional guidance!
TVC:USOIL This is the analysis for the upcoming week in the oil market. Please leave comments if you have any questions or differing opinions—I'm eager to hear them.