Us Oil Fore Checking Update Soon Will Come Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Hello Traders, USOIL has been moving within a strong reversal structure since the end of June making multiple swing highs & lows indicating that we could see price breakout creating upside momentum soon or we could see a continue downward if price is unable to stay above the 90.40 level. If price impulsively breaks out of this reversal stucture, I would be...
WTI crude oil prices remain sidelined at around $93.30-35 during Friday’s Asian session, pausing a two-day recovery around the weekly top. The black gold’s latest inaction could be linked to the light calendar and mixed catalysts. However, downbeat demand forecasts for 2022 by the Organization of the Petroleum Exporting Countries (OPEC) and the International...
Hello,Traders! USOIL is trading in a downtrend And the price has retested a strong Horizontal resistance level From where a pullback is already happening Thus making us expect a further correction Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
I am taking Long position in USOIL on the basis of Dow theory, Chart Patterns and bullish Candles pattern
Friday, 12 August 2022 23:40 PM (WIB) The Evening Star Doji at The Top of Resistance in the Weekly time frame, was A great sign and great support to bring the price down to the Support Lines. That doji beat all the way sign for the price to move higher from there. Now, the price is in the lowest lines of the uptrend channel. And it is struggling to defend the...
Last week, crude oil prices fell sharply on fears that rising inflation and interest rates will hit economic growth and demand for fuel. The playing field changed this week to the better, however, after softer-than-expected U.S. inflation data drove down the odds of a super-sized Fed rate hike in September and the IEA released a report that called for higher...
The WTI CRUDE OIL (USOIL) is trading within a Channel Down since June 29, following quite closely the outlook we presented 1 month ago, as it hit the 1D MA300 (red trend-line) target: As you see, it has been below the 1D MA50 (blue trend-line) all this time and the longer it does, the more likely it is to print a Lower Low within the Channel Down on the...
This chart shows how USOIL has been trending between this parallel channel ever since the covid crisis. the chart does showed some breakouts around the parallel channel yet its mainly within in. As per how the economy in America is going & more rise of inflation I can see another rise in gas prices over the coming months. I hope I'm wrong & it breaks to the...
A good bearish scenario awaits oil, provided that trading continues below 94 levels, with the first target being 85.70
USOIL on the 4h chart bounced over a monthly support. The market after the test of the 88 level is now trading below a minor resistance. How can i approach this scenario? I will wait for the EU market open and if the market will break above i will set a nice long order according to the Plancton's strategy rules. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
Hey guys! We havent been to active but here we go again! We are taking shorts (swing trades) on WTI based on the current breakout + retest of the support turned resistance. Our Stops are around the 94.2 level while our Take profits are between 80 and 85, we will seek to compound the shorts as the market moves. We rarely take swing positions but couldn't...
Been a while since I last posted an oil chart so here we go: 79-80$ could be destination next for WTI Crude. Hope you like the chart. I had posted this the last time: 'Pray for Lower' explaining how Oil prices affect Inflation: Ever since Prices have eased and so has inflation.. superb! Let's go with the basics again. How does crude oil affect...
Adding this instrument to the forecast List. This analysis is a bit aggressive since I am looking for Oil to keep shorting in the market during today's NY session or earlier next week. There is an area that I am highly interested in since it will meet a lot of technical setups, moreover for traders who trade based on support and resistance. Currently, we can see...
OIL - Classic bullish setup - Our team expects pullback SUGGESTED TRADE: Swing Trade Long OIL Entry - 92.83 Stop - 84.84 Take - 104.78 Our Risk - 1% Start protection of your profits from lower levels Please, support our analysis with like and comment! ❤️ Please, support our work with like & comment! ❤️
WTI broke the pattern, made a retest and started an uptrend. As perfectly predicted!
USDWTI D1 Pretty much everything we are scouting out is on this higher timeframe, really trying to understand market bias and direction (USD bull continuations expected) before diving into the LTF entries (H4/H1). Nice area of D1 supply and S/R here on WTI. Targets of $85/b with a little over $2/b stops gives us over 4R potential.