Now is an excellent opportunity to invest in oil. I'm aiming for a target of $92.00, and given the current tensions in the Middle East, we could potentially reach this price point in just a matter of weeks. -Global Horns
Oil has been patient for the past week or so and is in line for a bounce back to recent highs at around $90-92 over the next week or so. I am expecting some resistance and then a quick drop based on the Fibonacci circle drawn on recent most recent high and lows. The price is currently at the bottom of the circle which encounters the most resistance and there is a...
Oil prices dropped over 2% as U.S. crude stockpiles rose, signaling weakened demand. Additionally, concerns about the global economic outlook led to a broader sell-off in equities. Brent crude futures fell by 2.2% to $88.13 a barrel, while U.S. West Texas Intermediate crude futures slid by 2.7% to $83.13 a barrel. These price declines were driven by a combination...
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US OIL the Oil resumes its losses near the bottom of two weeks amid war developments in the Middle East, fell during trading on Thursday, resuming the losses that were temporarily halted yesterday. thus trading under 83.61, will be more drop to get 80.78 To ensure and confirm bullish trend should stabilize above 86.10 by closing 4H candle
Crude oil is in imp support level and our trend analysis indicator is also facing bullish and if you go inside 4h time frame you will find double bottom with clear rejection and as bigger time frame weekly is inside candle with bullish break. So its clear bullish momumtum in crude oil. TP- 90 - 95.
If the range of 81.8 units is broken and the price stabilizes below it, the price may fall to the range of 80.0 units, and in case of strength, the range of 78.0 units Otherwise, the possibility of price increase up to the range of 85.5 units.
Crude oil 85.5 support line to earn the pressure line, we rely on this pressure level to continuously short the harvest of nearly 20 points of profit, the subsequent recommendation to end the short order, withdraw to 82.5-83 to convert long! If you are confused about trading, please join me, I believe you will have a great harvest!
Discretionary Trading Executed in 5 minute Targeting lower liquidity Targeting lower imbalance liquidity pool Not rules based Followed all risk management rules 0.25%-0.5% risk
TRADE IDEA: USOIL looking more selling opportunities after breaking below our bearish flag pattern, we still ion an overall bearish structure and looking to catch the market from its LH.
H1 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.
WTI oil (USOUSD)is rising towards a breakout level and could potentially make a bullish move towards our take profit target. Entry: 86.519 Why we like it: There is an overlap resistance where a bullish breakout could occur Stop Loss: 84.135 Why we like it: There is a pullback support level Take Profit: 89.443 Why we like it: There is an overlap resistance that...
Oil awaiting another rally after a small pullback. The price is now getting support from 20 day EVWMA. Lets see the upside or breakdown. Remember, profits are made by reacting to the market not by anticipating it.
Pivot: 84.00 Our preference: long positions above 84.00 with targets at 86.30 & 87.25 in extension. Alternative scenario: below 84.00 look for further downside with 82.90 & 82.05 as targets. Comment: the RSI is mixed with a bullish bias.
USOIL rebounded after oscillating downwards. Currently, you can focus on the resistance near 86.6. This position is the 0.618 ratio resistance in the down band. If you encounter resistance at this position after rebounding, you can consider shorting. At the bottom, focus on the support near 80.6.
The trend of crude oil is a band, with the top near 93. It is obviously still in a downward channel, especially the short trend on the four-hour line is more obvious. The K-line is running below the Bollinger Band, and the middle rail is the resistance level of crude oil. Shorts occupy the main body. . The support level below crude oil is around 81.2. At the...
Market made HH IN M30 TIME FRAME TAKE ENTRY 85 AND SET TP 86.50 Don't miss this VIP TRADE
WTI Crude Oil is breaching at the moment the Rising Support of the last 3 months. The (1d) candle closing will determine in our opinion the short term direction, as on this level the momentum is neutral, with a Falling Resistance above and numerous Support levels to target if broken. Trading Plan: 1. Buy if the (1d) candle closes over the Rising Support. 2. Sell...