Based on the last post we can take this position for oil short term
USOIL is struggling to break through the resistance and further rejection could send price back to Fib support price of $79. If we breakthrough the resistance then upside price target of $89. After that we can go as high as $96. Momentum now seems to favor the bears🐻 If the support line breaks down then price heading towards $73🎯 which is the wedge support line
USOIL Looks like this is a bearish connective wave completing here and it will have another wave down. It just printed a Shooting Star shakeout through the very long term trendline which also a 0.5 retracement; that is a very common continuation ratio in moderate corrective trends. If it can get to the 1.13 overshoot ratio of the 1:1 extension then it can hit...
Oil futures are struggling to regain their footing this week as traders perceive that risks of the Middle East tensions impacting supply have eased. The lack of damage or casualties following the retaliatory attacks Israel launched on Iran on Friday has led Iranian officials to deny any further retaliation from Tehran, a successful effort from diplomats who have...
The WTI (West Texas Intermediate) crude oil market has shown resilience, staging a recovery subsequent to a pullback retracing between the key Fibonacci levels of 50% to 61.8% from the preceding major swing. Notably, the current price action exhibits a divergence pattern, notably intersecting with the levels of prior support. Moreover, a discernible confirmation...
Oil price is managed. It trades in a range for decades until high inflation forces it to break out of that range. Should the oil price break out of the current range. it will form a new range.
#USOIL.. well guys market very well bounced back from 81 around. Now we have 83.70 as market current resistance area. Keep close eit because if market hold it then you can see a drop from here, Otherwise not at all.. Good luck Trade wisely
Take a look at our analysis for USOIL. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 84.08. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 85.12 level. P.S Overbought describes a...
#USOIL UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USOIL.USOL is ready for a good in this move we can see drop upto price level 77 to 75 soon. Keep in touch we will update further soon.
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️
Price has been on a downtrend , price has gone back to retest a structure which was broken …this also marks the 61% of the fib retracement level
Spot Oil on 30-minute chart had a slow rise in the past 24 hours followed by a pause and then a jump on the Israeli retaliation strikes into Iran. Middle East oil shipping in the Red Sea and Persian Gulf are at risk and shipping insurance for ongoing shipments is likely to experience heavy rate increases if shipping does occur. Houthi rebels may resume proxy...
My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 82.07 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 83.70 Recommended Stop Loss - 81.04 About Used...
Hey There on 1htF the USOIL has been continue rise upside from on Monday and will recovery upside when slipped highly down on last Friday and now we can see that will Go upside again push upside so here we can see again buy side from 82$ to 84$
Hey there on 1htF the USOIL has been touched our previous target 84 and now also moved some downside and again looking for buy side
Market Analysis: Oil Price Regains Strength Crude oil price is rising and it could climb further higher toward the $85.50 resistance. Important Takeaways for Oil Prices Analysis Today Crude oil prices are moving higher above the $82.00 resistance zone. There was a break above a connecting bearish trend line with resistance at $82.00 on the hourly chart...
Crude Oil Technical Analysis Daily resistance is 83.4-85.7, support below is 80-78 Four-hour resistance is 83.4, support below is 81-80 Crude oil operation advice: Crude oil fell first and then rose yesterday, ushering in a deep v bottom, rebounding and breaking through the high. The price of the Asian and European markets was under pressure and fell back to the...