Crude oil currently continues to maintain a good oscillatory upward trend along the short-term moving average on the weekly trend. It also maintains a good oscillatory upward trend on the daily trend. Although it has gone out of a slight rise and fall, the strong technical form is still the same. Nothing has changed. There is a certain degree of divergence in...
we invalidated weekly bearish momentum now we have monthly bulllish,weekly bullish,daily bullish as well i see $95 approaching
USOIL - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USOIL Entry Point - 86.67 Stop Loss - 88.00 Take Profit - 83.84 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Oil has already put in a massive move this year and after failing to reach my pivot point at 87.69, I expect for some exhaustion to set in after such a quick move higher. My initial target is set to the pivot at 84.61 offering a solid 2:1 with stops at the high. However this market could really find range here and preform a seasonal down-move all the way to 81.51...
Xtiusd,this is our third entry, price currently showing strong bullish behaviour,😲😲 expecting price to grow steadily, ALSO,🤗🤗🤗 we have said on this coming Monday on starting the market depending on the morning marketing does come out in our support then we can reach our target 🎯🎯 one area 🏖️🏖️🏖️🏞️🏞️ please, keep in mind to take extra care while trading oil as it...
Bearish indications: Major resistance respected at 85.90 Trend line support is broken. Bearish divergence. Double top formation in 30 min time frame. Evening star candle from resistance in 4 hr time frame. Bullish indications: HHHL Trade plan bias short @ 85.36 SL:85.91 TP1:84.90 TP2:84.39
Hi Everyone, OIL higher . target is 90. but maybe tonight is making new high on before or after news. (please dont risk more than 2% in trade) watch your risk management. Good Luck. i try to always we will keep you all updated . Please don't forget to like, comment and follow to support me, i really appreciate you support ! Goodluck i'll help you to have a...
WTI is in bullish trend i am using trending line and Fibonacci replacement to mark entry point
Pivot 86.00 Our preference Long positions above 86.00 with targets at 87.40 & 88.20 in extension. Alternative scenario Below 86.00 look for further downside with 85.50 & 84.65 as targets. Comment The RSI shows upside momentum. Supports and resistances 89.00 88.20 87.40 86.80 Last 86.00 85.50 84.65 Number of asterisks represents the strength of...
West Texas Intermediate crude oil has increased nearly 20% since the start of 2024 and is currently trading near $86.50 per barrel. The precarious situation in the Red Sea, production cuts by OPEC (and its allies), and the inability of the United States to bring more production online fast enough have greatly contributed to the rising oil prices in the past four...
Crude Oil set a new local higher high higher close on a daily, violating a key horizontal resistance. It opens a potential for a further growth to 89.0 resistance. I would suggest looking for entries after a pullback. The safest zone to watch is a demand zone based on a broken structure and a trend line of a rising channel. ❤️Please, support my work with...
🛢 CL OIL, H4 🛢5 April 2024 Crude oil prices experienced a significant surge propelled by concerns over lower supply amidst decisions by major producers, including OPEC+, to maintain output cuts. Growing signs of economic strength in China also contributed to heightened demand for oil, underscoring the market's focus on supply dynamics amid geopolitical tensions...
At present, crude oil is around 86, which has reached the expected high point. Although technically bullish, this level is no longer suitable for chasing the rise. According to technical expectations, it should be temporarily suspended between 86-85. If crude oil does not stop in the short term, then the short-term market will exceed expectations, so it is okay to...
In the IH time frame, USOIL exhibited a bullish trend, marked by consecutive higher highs and higher lows. However, a bearish divergence has emerged, suggesting a potential shift in the trend. Subsequently, the price broke the previous higher low as indicated by the RSI. Additionally, another break of the previous higher high occurred, accompanied by a Bullish...
Here are the reasons behind the trade Uptrend Price moving in ascending channel Will test the 0.68 fib level then execute the order
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 85.758 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 82.400 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 90.325...
Hi I have had many works on OIL chart and honestly I have not been able to find a satisfying analysis even for myself but I always want to share my ideas and get you opinions about them. For crude there are to bold scenarios for sell and buy and it is not practical because the trend will go up or down finally and having buy and sell scenarios may work for...
This breakout could take the price to $96. This could trigger another inflation 🌊