WTI oil (USOIL) could fall towards a pullback support and
potentially bounce off this level to climb higher.
Buy entry is at 77.081 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 75.900 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at...
Sharing CL update from TTR.
Will be updating CL once a week or so.
CL is trending above its 5EMA on a daily level; first support sits at 76.10, and the main support is at 74.55±
The main target is above 82.50
Bullish trend was just started imo
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 75.905 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 74.600 which is a level that lies under a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at...
Price action has been very choppy on the daily crude oil chart, but if we place a line chart over the top is shows prices are trying to break out of a small triangle / pennant. Whilst these are usually expected to be continuation pattern, they can also make decent reversal pattern. And this case, we've see prices hold above $70 on a closing basis, and the lower...
WTI oil (USO/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take profit target.
Entry: 75.866
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 74.128
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 72.754 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 72.00 which is a level that sits under the 61.8% Fibonacci retracement level.
Take profit is at 74.681 which is a...
Hello Traders, Base on technical and wave analysis we see this scenario for #Brent Oil for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
WTI oil (USO/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target.
Entry: 72.402
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 70.938
Why we like it:
There is a multi-swing-low support that aligns close to the 78.6% Fibonacci...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 71.194 which is a pullback support that aligns with the 78.6% Fibonacci retracement level.
Stop loss is at 69.900 which is a level that sits under a swing-low support and the 78.6% Fibonacci projection level.
Take profit is at...
✅CRUDE OIL is trading along the rising support
And as the price will soon retest it
I am expecting the price to go up
To retest the supply levels above at 72.6$
LONG🚀
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WTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target.
Entry: 71.224
Why we like it:
There is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% projection levels
Stop Loss: 70.041
Why we like it:
There is a swing-low...
WTI Oil (USOIL) is under a heavy technical squeeze as it has been trading for days within the 1D MA50 (blue trend-line as Resistance) and the 1W MA200 (red trend-line as Support) and the width has now gotten extremely tight that a break-out is inevitable.
The very same squeeze was last spotted on July 03 2023, when the price marginally broke above the 1D MA50 but...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 70.381 which is a pullback support that aligns with the 78.6% Fibonacci projection level.
Stop loss is at 69.000 which is a level that sits under a swing-low support and the 100.0% Fibonacci projection level.
Take profit is at...
WTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported....
