Oil prices fell for three consecutive trading days. Positive news from Hamas interrupted WTI oil's rise to $80. The U.S. dollar index held above 105.50 and was flat ahead of weekly jobless claims. Looking at the daily chart of crude oil, oil prices have been falling continuously during the week, causing the 55-day moving average to be broken below, and the...
Crude oil did not fluctuate much yesterday, maintaining a range with a high of $79.09 and a low of $77.92. The fluctuation range was $1.17. After the opening in the morning, the market fluctuated from the opening price of $78.16 to $79.09. After reaching the US market, the market was as follows After a sudden fall, it fell to last night's low of $77.92. The market...
WTI is following my main ideas and it showing us a good bullish pattern that I really like. We can see a strong divergence on multiple timeframe, a break above main trendline, and it's giving us enough time to accumulate longs at a strong support zone. My first target is the same as previous ideas
Hello, We've identified a current opportunity to buy WTI Crude Oil with a high probability in the Daily chart. Our target is $82 within a few days (Swing trade). Ibrouri
Hello,Traders! CRUDE OIL was going Down but now we are Seeing a bullish breakout From the wedge pattern So we are locally bullish Biased and we will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
CONFLUENCE -Momentum shift -Price is oversold -Found daily trendline support -Filled NWOG CONFIRMATION ENTRY TYPE -Scale to LTF for reversal setup
Watch this space for more update, OIL is now bearish . We are setting second sell limit at 86.17
Had to reasses my elliot wave count here and adjust accordingly. I did not get in a long since the smaller time frame never ended up confirming, this is the updated count, we may have finished the 5 of a ending diagnol here, and will get long if we get a 30 pullback and 5 to confirm.
Yesterday I thought oil would reach 79.5, and I thought that if oil closed at 79, the probability of rising today would be high, but the highest it could only reach 79.2. After my analysis today, I believe that oil started to fall from 87.6, reached as low as 77, and finally fell to around 76.9, a total drop of almost 11, so I judge that oil has some room for...
Crude Oil Technical Analysis Daily resistance is 79.6-83.4, support below is 76.8 Four-hour resistance is 79.6-80, support below is 78-76.8 Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days. The short-term resistance above today continues...
We are close to 13% correction and there is space to see green daily candle...
Price is barely holding the support line. If it bounces we have mapped the upside target. If it breaks down then we have mapped out our downside target. We are in a grey zone, neither direction is clear. We believe most likely we will see a breakdown but it is a close call. Are you long or short?
Swing idea on Oil using trend lines as a way of managing downside and trailing stop in profit 4h time frame only
Rebound in downtrend, buy, tp 77.7/78.3
Crude oil fell relentlessly last week, but managed to post a modest gain on Monday. Prices turned lower once again yesterday, and the sell-off has continued this morning. Front-month WTI has now fallen back below $78 per barrel, a level which acted as resistance back in November, January and February. It’s now apparent that it hasn’t offered any support to prices....
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research
Oil fundamentals by seeking alpha i cant copy and paste go and see the article and diagram for yourself seekingalpha.com
On 4h timeframe, WTI Crude Oil is printing a falling wedge pattern followed by Bearish Divergence on RSI. Potential Reversal Zone is predicted using the AB=CD pattern. TRADE PLAN Buy on breakout on previous Lower High. Stop Loss on previous Lower Low TP1, TP2 with RRR of 1:1 and 1:2 respectively