Yesterday's decline in oil broke through the low of 82, and the lowest fell to near 81.8, but it did not fall below the important early support point of 81.2.
The current price of oil is around 82.95, you now need to observe whether the oil will be supported again, or observe the important boundary point of yesterday's decline 84
So we need to wait for the...
Crude oil has experienced two consecutive weeks of range-bound volatility. Attempts to break above resistance failed. The shortage of crude oil in the market is also constantly easing, limiting the upward range of oil prices and reducing investors' willingness to chase increases. The current low inventory situation will also limit the room for correction of oil...
USOIL is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level.
If the sell momentum continues the next target could be 80 followed by 79 region.
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USOIL
Oil declines, recording monthly losses in October
Oil prices fell during trading as concerns about supply disruption due to the conflict in the Middle East decreased, and due to data showing increased production from OPEC countries and the United States.
now the price trading under 81.58 so as long as trading under that line will be fall to get...
Usoil Sell Zone limit
83.600 - 83.880
SL - 84.180
Tp 1 : 30 pips
TP 2 : 60 pips
Tp 3 : Open
Remember: We will have to enter direct with layering in zone ✅
1st limit start of zone
2nd limit mid of zone
3rd limit end of zone
We’ll have to count 30 pips that will be our TP1 from the latest layer that is being activated
A very, very strong deal on temporary oil is in front of you. You are in a very pivotal area with a nearby stop
And two goals, either buy or sell...You have to sell with a profit of 700 points, with a stop profit of only 120 points if the day’s candle closes above the 89,600 level.
If the stop is hit, there will be a confirmed purchase target, God willing, with...
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 83.014 which is a pullback support level.
Stop loss is at 81.200 which is a level that sits under a swing-low support level.
Take profit is at 86.456 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
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💵Pair Name :USOIL
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🔗 Key Technical / Direction ( 🔽 Short )
Type : Mid Term Swing
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☑️Bearish...
the turqouise line is where my speculation is headed
tp1-$95
tp2-$100
pyramids at red and purple
that said double bottom driving price higher
if you look closer to the past 3 resistance they keep making lower highs
yes there was a BoS but market is holding the uptrend so im convinced
Support 1 for oil us at US$77.21/bbl. This align with a low and a Fibonacci Retracement.The next support is at US$67.94/bbl. I don't expect oil to reach this low especially with these wars occurring.
Oil prices dropped $1 a barrel on Monday as investors await the outcome of the Federal Reserve policy meeting and China's manufacturing data and the market is cautious due to concerns about an economic slowdown that could impact fuel demand. Despite the ongoing conflict in the Middle East, oil prices retreated as concerns over the potential for Israel’s ground...
