Please, check our technical outlook for USOIL. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 79.01. The above observations make me that the market will inevitably achieve 77.85 level. P.S Please, note that an oversold/overbought condition can...
Oil looking for another buy option trade wisely... strict Stop-loss use this for recovery order high lot recommended
The structure and momentum is good. Oil reversed after the news and showing signs of a new trend also IRAQ cut their supply which in turn will affect global oil supply.
Investors are cautious about U.S. inflation and interest rates, pushing oil prices lower. Fed officials indicate more signs of slowing inflation are needed for rate cuts. Despite increased refinery capacity, demand remains weak, adding pressure on oil prices. Given the persistent inflation concerns and the cautious stance of the Federal Reserve, the outlook for...
Iranian President Ebrahim Raisi has been killed in a helicopter crash in a mountainous area of the country. Rescuers on Monday found the helicopter that had been carrying the president and other officials including Foreign Minister Hossein Amirabdollahian, who also died, the semi-official Mehr news agency reported. It crashed on Sunday near Tavil village in...
Shorting the idea the fact that its a retracement move then making another leg lower. Also adding in the fundamentals that inflation is cooling and FOMC is round the corner. watch this space :)
Hey there on 2hTF the USOIL will looks sell side from 79.50 can be again liquidity grab and will be go Downside
Oil looking continues by formation for this week ... if fall again take buy order no more sell in this week
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 79.46. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 77.06 level. P.S Please,...
Pivot 78.75 Our preference Long positions above 78.75 with targets at 79.95 & 80.40 in extension. Alternative scenario Below 78.75 look for further downside with 78.30 & 77.80 as targets. Comment The next resistances are at 79.95 and then at 80.40. Supports and resistances 80.95 80.40 79.95 79.30 Last 78.75 78.30 77.80 Number of asterisks...
Here is the idea of scenraio I am looking for on USOIL for the next days. My entry will be around $78.0 for a upside move. Prices don't have to break the previous low otherwise my idea will be canceled. Great Trade !
Hell0 ? The C0vid Caus3d The Br3ak 0f A B3arish Tr3ndline Which Had Start3d With The Subprim3 Crisis. The Cons3quenc3 Is The R3turn 0f Inflati0n And The ris3 in Rat3s F0r The N3xt Decad3. The D0llar Sh0uld Ris3 Becaus3 Th3 US Is The Larg3st Pr0duc3rs 0f 0il.
We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half trade
USOILSPOT USOIL | WTI Light Sweet Crude Oil Future SPOT lONG EVERYTHING IN THE CHART
Usoil crude oil , strong bearish, if u like my idea . Hit like button & follow please for more updates thanks . On X : go4mudi / fb : go4mudi
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.450 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 75.600 which is a level that lies underneath a pullback support. Take profit is at 79.900 which is an overlap resistance
WTI showed some rejection at $77 appear to be in accumulation. Expect price to retrace to near $77 then bounce up