Based on the last post we can take this position for oil short term
Following the retracement as a result of the calmness in the middle east after the strike from both Iran and Isreali which resulted to little or no damage. Oil has completed a pullback and it has resumed it upward trend which should likely create another high
#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.
USOIL: The structure exhibits a bearish trend on lower time frames (LTF). Price has retraced to a critical decision point, marking a pivotal juncture. With the market transitioning into a bearish environment, I anticipate further downward pressure, as delineated on the accompanying chart.
We have bullish signal on USOil H1 chart, Risk reward 1/2. Bulls formation is clear, i think they can renew current resistance...
WTI oil (XTI/USD) has made a bullish bounce off the pivot. Could this commodity potentially continue to climb towards the 1st resistance? Pivot: 83.17 1st Support: 81.86 1st Resistance: 85.42 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
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$
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...
This is a simple project that is looking for two possible scenarios in the unfolding of events. The most important phenomenon that will be relevant in analyzing and possibly trading this instrument using the elements in the snapshot, is the price action at the shapes. If coincidences of price action near the shapes or icons occur, we can treat them as potential...
On a today's live stream, we spotted a very bullish pattern on WTI Crude Oil: inverted head and shoulders formation after a test of a key horizontal support. We see a confirmed neckline breakout of the pattern. It increases the probabilities that the market will go up now. Target - 84.5 ❤️Please, support my work with like, thank you!❤️
Dear Oil Robbers, This is our master plan to Heist Bullish side of OIL Barrels. My dear Robbers U can enter at the any point above my entered area MA Pullback, Our target is Red Zone Snake Trap Zone. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan...
📊 According to the upward movement momentum of the price, if the range of 83.20 units is broken and the price stabilizes above it, the price may increase to the range of 84.00 units🎯, and in case of strength, the range of 85.00 units🎯🎯. 📊 Otherwise, the price may drop to the range of 82.00 units.
Bullish indications: Major support respected at 80.76 Double bottom formation in 1 hr time frame. Bullish divergence in 4 hr time frame. Inverted hammer in 4 hr time frame. Fib level 0.618 respected. Bearish indications: LLLH Trade plan bias long @ 81.48 SL:80.58 TP1:82.42 TP2:82.91
We are looking for a buy setup in USOil. The price now stays in the major breakout level. Now we can look for a buy above 83.25
Take a look at our analysis for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 82.08. Considering the today's price action, probabilities will be high to see a movement to 83.80. P.S Please, note that an oversold/overbought condition can last for a...
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...
After wicking 2 previous day lows on monday 22/04 and testing daily support zone(71.5 - 81), price then formed a W pattern and gave a bullish engulfing. Combined with weak US Dollar I'm gong inclined. Awaiting price to breach the resisting zone we are at the moment. Note that OIL is on bullish trend long term.