Here is my latest structure analysis and important key levels to watch on WTI Crude Oil. Resistance 1: 80.3 - 81.9 area Resistance 2: 83.7 - 85.6 area Resistance 3: 86.8 - 87.6 area Support 1: 76.8 - 77.8 area Support 2: 75.5 - 76.3 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
I've been very reluctant to publish any idea's this week intra day, as I believe we are in retracement from the amount we sold off recently. The 4hr wick CE is the point of interest I have where price respected I am aiming for the 15min SSL to be broken and a setup form this CME open.... Lets wait and see...
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
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!
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
So I don't take too much of my time on the weekend trying to figure out where price is going to go as price isnt even active. So barring any exponential moves Sunday open I am still bearish and have : Monthly Wick CE and target 1 Weekly SSL as target 2 Pre CME open I will re analyse where the market is and publish further forecast for the day.
May is not always a good month for crude oil. When you look at the last 40 years, there is a positive change rate of less than 50%. However, Crude oil is moving to the support resistance point, and its performance in the last 8 election years, from the beginning of the may to the 21-22 of May during the election years, is 7 years positive and an average return of...
Amid a quick change in the market sentiment in mid-April 2024 and subsequent weakness in stocks, West Texas Intermediate crude oil (USOIL) retreated from its highs to $78 per barrel. In the process, USOIL broke below the lower bound of the ascending channel, and the daily time frame turned bearish, with MACD crossing below the midpoint, Stochastic falling into the...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
MCX:CRUDEOIL1! Weekly TF Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Recent swing and bigger swings are at crucial level in Fibonacci retracement....
CrudeOil will bounce up at support. The demand has picked up.
#USOIL - well guys market very well placed 79 arround low and that was our targeted area as we discussed in our last idea, that is market very important supporting area as you can see in 4 hour chart history, if market hold that area in that case you can see a bounce from that level, keep close it and only hold your buying positions above that level, good...
✅CRUDE OIL keeps falling But a rising support line Is ahead so after the Retest we will be expecting A local bullish rebound LONG🚀 ✅Like and subscribe to never miss a new idea!✅
USOIL confirmed a bearish breakout on the bullish channel created under the daily timeframe today. Here I personally expect to see a strong selling back towards the bottom level of support while we have a resistance holding down the pressure on top close to $80. Here we are expecting bearish momentum to be built towards the $70-67 target region.
Israel retaliated against Iran overnight, which saw the price of WTI crude oil jump nearly 4.5% before giving up some of its gains. Per media reports, three large explosions were heard in the country's south, and the U.S. official announced Israel successfully hit some of the targets, something Iran was quick to deny. Without regard for damages, it is already...
Wednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown. A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped. I am staying bearish and...
H4 - Bearish trend pattern Lower lows Until the strong resistance zone holds I expect the price to move lower further after pullbacks.