In an uptrend movement, oil will move toward the specified goals with a good probability, and in case of normal movement, around the specified time limits, we can wait for the realization of the bullish goals.
The recent China economic recession may seem to plunge the global oil demand. With the rising Geopolitical tension, US had paid much interest on lowering the Oil price through increase in domestic production, which has just broke another record of 13,315 Thousands barrels per day. Despite the efforts, seasonal demand combined with reviving of US and China...
USOIL H4 : TECHNICAL AND FUNDAMENTAL ANALYSIS US CRUDE OIL (USOIL) TECHNICAL ANALYSIS Crude oil, commonly known as petroleum, is a liquid found within the Earth and is comprised of hydrocarbons, organic compounds, and small amounts of metal. It’s often referred to as “black gold.” It’s nicknamed US Oil, CL & WTI. Breaking Down "WTI Crude Oil" Crude oil is...
Hello traders, USOIL finally make a fake signal for buyers. The flat uptrend channel looks good to stress oil for making a new high before a correction. The fake breaking through signal last trading days on 4h chart sending us a signal that it will turn down for a new swing down first. GOOD LUCK ON THIS SELLING PLAN. LESS IS MORE!
West Texas Crude Oil Long Price has come back up to the important psychological level of 79.000. We can see that previously this area has acted as strong resistance and support. In August last year we saw price find support here before continuing upwards. Since November last year we have seen it act as an area of resistance. On last weeks close we had price...
Price has been growing in an ascending channel since price hit low @ $67.68 on December 13th, 2023. Fundamentals reported two weeks ago revealed that the Iraq refinery has been re-opened since its closure more than 10 years ago and that meant more supplies which fell the oil price from $78.69 to $75.73 The following week was met with USOIL demand where buyers...
this is our second episode of the market discuss series. we cover DXY USDCHF AND USDCAD
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...
I see a Bearish Flag Pattern From the daily time frame looking to short US Oil
Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline. Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight. If oil holds above $80 it's going to try to...
TVC:USOIL Analysis is based on simplified Smart Money Trading Concepts. Oil has been trading in an extended pull back. I'm a little late on posting this but have been keeping my eye on the WTI Crude oil market for a while now. That being said, we have multiple factors showing that show the bulls are in charge and ready for the next run up to potentially All...
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...
Introduction: Oil prices have been on a downward trend since August 2022, after losing their upward channel. The trend has been characterized by a series of lower highs and lower lows, with prices currently trading in a wide range. Technical Analysis: A technical analysis of the oil market suggests that the downtrend may be coming to an end. The recent bounce...
Daily close above $79.71 and the next target is $83. This could a short-term uptrend to $96. Inverse H & S and Triangle pattern looking bullish. Not financial advice.
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research.
USOIL - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USOIL Entry Point - 79.75 Stop Loss - 80.38 Take Profit - 78.33 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
EMA, FIB confluence with Trendline. Opinions? I don't usually trade WTI however looking to start.
Following the trend we can see aggressive sells after hitting these levels. Could we be seeing a fake out on the resistance?