USOIL
NEW forecast
The price of oil is showing noticeable positive trading now, until the 77.82 level. Acting below that level ends positive steps and begins the negative step to get 76.55 as the first negative target, under it 73.82.
Tendency: Downtrend
Entry Price: 77.39
Pair : Crude Oil
Description :
Double Top as an Corrective Pattern in Short Time Frame
Completed Impulsive Waves and Correction
RSI - Divergence
Rejecting from the Resistance Level
Break of Structure and Completed the Retracement
The price reached the target we mentioned in the previous idea.
the price will try to stabilize at the bearish trend for today to test 75.35, but it is possible to touch 78.91 and then start dropping
and the reason for the strong movement is CPI which will come Today
Pivot line: 77.90
resistance line: 78.90 & 79.90 & 81.80
Support Line: 75.92 & 74.39 &...
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
UPDATE
Hey team we are here to discuss about USOIL. USOIL has completed the retesting and again on the way to our main target price. In this move we can see price around 90+ soon. Keep in touch we will update further soon.
Hello Traders, the last weeks some of us spammed oil section with big movements expectations and imminent bullish trends. Except the breaking of the downtrend channel and huthis, all the other indications show direction sell. I am waiting to see the Crude Oil Inventories and how oil will react....
Hello,Friends!
USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 74.02 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
WTI oil (USOUSD) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target.
Entry: 77.234
Why we like it:
There is a potential breakout level
Stop Loss: 75.528
Why we like it:
There is a pullback support that lies underneath the 23.6% Fibonacci retracement level
Take Profit: 78.940
Why we like...
cloud sniper entry, Mac D flip, bullish swing high, with trend shift approaching.
stop loss ,entry and take profit is on chart
be sure to use proper risk management.
price is buying short term but bearish long term
price rejected off reversal band which indicates a potential reversal.
bearish swing. MAC D flip.
take profit, stop loss and entry is on the chart.
remember to use proper risk management.
happy trading !
Hi, please take a look at my idea for Crude Oil, expecting price to make a small drop if this works... Any ideas?
There is RSI divergence and volume is dropping also...
The important levels this week :
We give attention to the highlighted area any price action we sell or buy.
And moves the stop loss to the entry after 100 pips.
We've observed the price successfully mitigating the latest bearish impulse at the Optimal Trade Entry (OTE) level. Additionally, lower time frames are indicating a break of structure, suggesting a potential shift in the market's character. With the OTE mitigation already in place, our strategy now involves exercising patience and awaiting further developments.
WTI struggles for a firm Intraday direction and oil price stucked near $73/ barrel today.
Hamas-Israel conflict is effecting the price of Oil continously and talks between Hamas-Israel ceasefire can give a bullish cap the upside of the Oil price.
The price of the Oil is tightly strong to remain upward direction, the price of the Oil, gas and power remain tight...
