Light Crude Oil Futures
Base on daily timeframe market will go short till it reach target level 600 profit
Global shares rose while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a consumer price report that could prove decisive about when the Federal Reserve cuts interest rates. The frenzy in so-called meme stocks entered a third day, with shares in AMC and GameStop soaring by more than 25% at...
The USOIL has recently signaled a bearish breakout from its previously bullish channel. Additionally, there's notable evidence of selling pressure around a highlighted resistance level, suggesting a reversal in trend. As a result, we anticipate a continuation of the bearish trend towards a significant support level, which has previously shown considerable buying interest.
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout 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...
UKOIL didn't have the strength to reach $94, but it seems that Bulls have not gotten the memo just yet. Perhaps a break above $90 reignites the path? I'm doubtful, but we'll see. Failure to pass and hold levels above $90, will likely send UKOIL back to mid-high $70s (before the next major run).
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.
Dear Oil Robbers/Traders, This is our master plan to Heist Bullish side of OIL Barrels based on Thief Trading style Analysis. My dear Robbers U can enter at the any point above my entered area, Our target is Dangerous Red Zone its Strong Resistance Zone. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be...
My Dear Robbers / Traders, This is our master plan to Heist Bullish side of Crude oil Market based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change /Strong Pullback...
Hi there, WTI (OIL) reaches to a powerful resistance. We could see several resistances in 82.5-83.5 level, that we mentioned in the pictures. So we sell it now in 83.2 and 83.5 with 80.7 and 78.2 as TP and 84.5 as SL. Be success.
Any rejection on crudeo oil at current price level will likely cause price to rally above 86.86! N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #usoil #crudeoil #wti #brentoil
Hi Realistic Traders, let's discuss the latest surge in WTI Crude Oil Price Why have Oil prices surged? In the second quarter of 2024, Russia plans to cut its crude oil production in line with OPEC+ agreements, gradually reducing output each month from April to June. This decision follows earlier cuts made in April 2023 and March 2024, with export reductions...
I think that now there is wave 2 of the big 3rd wave of the supercycle. So in a few years oil will break its highs.
**Monthly Chart** Last month's candle closed bullish indicating a continuous uptrend move at least to the monthly MC of Oct 2023. This month candle opened near the high of the previous candle and resumed higher. **Weekly Chart** Last week's candle closed bullish, suggesting a continuation of the bullish move at least toward testing the previous MC candle...
Hola Traders, This is our Excellent master plan to Heist Bullish side of Crude oil barrels. My dear Looters U can enter at the any point above the green MA pullback area, Our target is Red Zone that is High risk Trap area. Put Stop loss in recent swing LOW. Dear Robbers we can steal oil barrells and finally sell in the commodities market then make money and take...
Hi' trader what do you think USOIL USOIL now is resistance zone 84.80 I think USOIL go to retest level 80.90 USOIL now is the high price 84.80 and 85.00 i think USOIL movement retracement support 81.300 and 80.90 please guys like comment and follow thank you for support