Hello traders
US oil failed to breake above 80 level, and reversing with engulfing candle which indicates strong selling momentum.
Stop loss should be above the 80 level, and target 1 around 73.50
Asia market session makes compression price, and the next session when UK session is expecting to manipulate the market. The last session US session is expected market to do the distribution/direction. The price is on the strong supply area waiting for the price to break resistance before or do the rejection on the supply zone.
USOIL
NEW forecast
Yesterday, the price remained in the bullish zone and reached 78.95, then reversed to do its retest until 77.52.
Today we will divide the oil chart into two scenarios
As we said, the price is in the retest process now, so the first scenario is that if the price ends the retest and reverses toward up, the first positive station, 78.95, will...
Hello,Friends!
USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 75.81 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair.
✅LIKE AND COMMENT MY IDEAS✅
The important levels this week :
We give attention to the highlighted area any price action we sell or buy.
And moves the stop loss to the entry after 100 pips.
Hey there!
I'm selling on WTI: (Second trade)
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Questions? Leave a comment!
📈 USOIL WTI Long Trade Setup - Confirmation at SMC Orderblock FVG
🔍 Technical Analysis:
USOIL WTI presents a potential long opportunity with confirmation at the SMC Orderblock FVG zone.
Historical analysis indicates this area has acted as strong support in the past.
Confirmation involves observing clear signals on smaller timeframes (1, 3, or 5 minutes) within...
Market Analysis: Crude Oil Price Eye More Upsides
Crude oil prices are gaining bullish momentum and might rise toward $80.00.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices rallied above the $76.55 and $77.00 resistance levels.
There is a key bullish trend line forming with support at $77.80 on the hourly chart of XTI/USD at...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
We mark resistance because..
Very significant price where
#/ Dealers would sell their long contract bought at 70/71 .
#/ Now their liquidity (held positions are low)
From tis chart.. Dealers are accumulating 76-78.5
This theory will be evident WHEN..
Low liquidity will push Dealers to buy above {marked price}
From now..
I shall decide on.. LONG...
Hi There,
Today we have oil on 4h timeframe, as you can see on the chart above, first we had an upward move then followed by a correction "Running flat", after the correction finished, now we're going for the next upward move. the targets gonna be: 80.385| 81.406 and the last will be at 82.963.
The stop loss level gonna be below the support area, at 75.689.
If...
Dear colleagues, in the last forecast I recommended to set trades to breakeven or close part of positions. After that, the price started a downward movement and is currently at 76.54. I suppose that the price will still resume the upward movement to the nearest maximum of 78.91.
Before this movement it is possible to update the minimum and test the support area...
✅CRUDE OIL is going up to retest a horizontal resistance of 79.63$
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 77.50$
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Crude oil technical aspects
Daily resistance is 79.2, support below is 75.5-74.4
Four-hour resistance is 76.8, and support below is 75.5-74.4
Crude oil operation suggestions:
Judging from the daily analysis, crude oil prices fell last week and closed down, and the bullish trend weakened, but the overall trend was still bullish. The daily level has not exceeded...
