Hellena | Oil (4H): SHORT to 100% Fibo (59.144).As for oil, a major ABC correction in wave B of a higher order continues.
Wave “C” should be approximately equal to wave “A”, so I expect a correction in wave ‘B’ to the level of 63.789, followed by a decline in wave “C” to the level of 100% Fibonacci extension 59.144.
There is a possibility of wave
USOIL Price Action: FVG Rebalance After Liquidity GrabUSOIL shows a classic smart money sequence starting with an impulsive bullish move, followed by distribution near premium prices. Price tapped into a bearish Fair Value Gap (FVG) near the highs, which acted as a strong institutional supply zone, triggering a sharp sell-off.
After the rejection, the
WTIUSD: Bearish Drop to 62.7?CFI:WTI is eyeing a bearish reversal on the 4-hour chart , with price testing the upper boundary of an upward trendline after forming higher highs and a breakout candle near resistance, converging with a potential entry zone that could trigger downside momentum if sellers defend against further
Market Analysis: WTI Crude Oil Sets Sights On Another Leg HigherMarket Analysis: WTI Crude Oil Sets Sights On Another Leg Higher
WTI Crude oil prices are gaining bullish momentum and might even test $65.00.
Important Takeaways for WTI Crude Oil Prices Analysis Today
- WTI Crude climbed above the $61.50 and $62.00 levels.
- There is a key bearish trend lin
WTI Oil Prices Volatile Ahead of Potential TalksWTI Oil Prices Volatile Ahead of Potential Talks
As the XTI/USD chart shows, the price of a barrel rose above $65 yesterday, reacting to the risk of talks between Iran and the United States on the nuclear deal breaking down. These negotiations could begin on Friday.
According to Axios, Arab world
Could Oil fall from here?The price is reacting off the resistance level, which is a pullback resistance, and could drop from this level to our take profit.
Entry: 62.14
Why we like it:
There is a pullback resistance level.
Stop loss: 64
Why we like it:
There is a pullback resistance level.
Take profit: 58.69
Why we like
WTI OIL started the new Bullish Leg of the 1-month Channel UpExactly 2 weeks ago (January 21, see chart below), we gave a strong Buy Signal on WTI Oil (USOIL) exactly at the bottom of its 1-month Channel Up, with the price responding immediately and hitting our 65.50 Target:
That was a Higher High for the Channel Up and naturally the price pulled-back ag
Oil at a Crossroads as US–Iran Talks LoomOil at a Crossroads as US–Iran Talks Loom
Oil has not been moving for days. The current geopolitical tension is creating an even more confusing path for one of the most traded commodities.
The problem this time is Iran.
The White House confirmed that the US and Iran will meet for talks in Oman on
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Displays a symbol's price movements over previous years to identify recurring trends.









