USOILSPOT USOIL | WTI Light Sweet Crude Oil Future SPOT lONG EVERYTHING IN THE CHART
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...
Crude oil began to rise sharply yesterday as geopolitical conflicts intensified and the situation in the Middle East became tense again. Both API and EIA reserves are negative this week, which is another good signal for crude oil. The upside of gold continues to expand with the support of data and geopolitical conflicts. At present, MACD is in the positive zone,...
The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....
We're looking at the USOIL market and our analysis shows signs of a short-term downtrend. Here's why: COT Reports: The latest Commitment of Traders (COT) reports reveal that the behavior of participants labeled as "Commercials" is most characteristic of a bear market. CFD Market Positioning: Oil traders in the CFD market are shifting their positions, with most...
WTI long D bullish pin bar 4H inside bar (Red, Orange & Green ) inside bar bullish fakeouts keeping stop trailing alone with market move showen 1st STOP then 2nd Stop 1:1.5 R:R. More than 2nd entry is there with a minor risk keepking eye on FVG if goes to fill that order block can have more profit or more loss Let C what comes.
Crude oil is currently in this bearish channel. We saw rejection earlier of the key fib levels. I would look for another sell opportunity if we reach the higher fib levels for an intraday trade before 1130am EST. Share your thoughts. The Professor
TADAWUL:2222 entered a key level . If it succeeds to break well above it ,it is very likely to go significantly up . I will be posting further details in case of confirmation .
RIG monthly back-tests, high probability using game theory (and macro/b-cycle). Price action following.. Self explanatory.
This is Long -Term Analysis to understand the "Upcoming" Market Direction. Now Confirmed the Downtrend has Breakout. So market definitely move into Uptrend. It might temporarily move downside as a Retest of the Trendline. Must follow Trend continuation technic. I marked 0.5 Fibonacci Retracement. It is Next Target for Short Term Traders. I want to help people...
We expect a decline, and the decline will be confirmed when 1.35498 is broken when the daily candle closes below this number. We expect a decline to the next number 1.33632.
We are buying, waiting for the market to activate the purchasing zone we have specified
Crude Oil Technical Analysis Daily resistance is 79.7-83.6, support below is 76.8-75 Four-hour resistance is 78.6-79.7, support below is 76.8 Crude oil operation suggestions: Last Friday, the overall oil price fell under pressure from the 79.9 mark. The overall price appeared to be suppressed and encountered resistance at the 79.9 mark. There is still room for...
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,...
Expecting the price to rebound from the current demand zone and test $87 area. If break out from that supply area is successful, the price should continue to rally to $90.
Oil prices are currently back at low levels, supported by the June production cut agreement. In the short term, buying is still the main focus, taking the price of tradingview as an example. 78.2-78.5 is used as the buying range. The target can be set at 79.6-80.5.
We saw our weekly target hit yesterday, I have a hunch as on the Daily we are constantly going back to the middle of the range that bsl of some form is in the eye of the market before we would want to move down. I ask myself.... Why would we want to go all the way back (weekly ssl level) if we have been here and raided Sell Stops... If I was the market I would...
Please, check our technical outlook for USOIL. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 79.01. The above observations make me that the market will inevitably achieve 77.85 level. P.S Please, note that an oversold/overbought condition can...