Crude oil market analysis Last week's original is more than the head of the week, the bulls opened the weekly level of upside space, continue to follow it this week, continue to be bullish, step back to continue to find a position on the car, small support near 80.40, strong support has been on the near 79.00, crude oil long is the weekly level of space will...
West Texas Intermediate crude oil regained a bullish momentum and managed to establish a new high at $81.58, which marks the highest value in over four months. Additionally, RSI, MACD, and Stochastic all moved higher on the daily chart. These developments are positive for oil and bolster a bullish case in the short term and medium term. However, while it is...
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...
Crude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the...
Crude Oil broke and closed above a key daily resistance this week. The broken structure turned into a strong demand zone. We can expect a growth from the underlined blue area at least to 82.5 ❤️Please, support my work with like, thank you!❤️
Am going to heist the Crude Oil at bullish side. This is my plan to Loot the money in this method. I set my Buy Stop at Pivot line. when it trigger Golden cross my loot will start.
Crude Oil set a new higher high higher close on a daily, violating a key horizontal structure resistance. It is a strong trend-following signal that indicates that growth will most likely continue. Next goal - 82.4 ❤️Please, support my work with like, thank you!❤️
Crude oil is at all time highs as it pulls back into todays opening range. this is also a 15 minute demand zone. Entry at previous weeks high Stop loss is right below structure on the 15 min and 1 hour chart.
WTI Oil (USOIL) is trading within a short-term Channel Up on the 4H time-frame, with the wider pattern still a Channel Up since the December 13 2023 market bottom. As long as the price keeps closing the 4H candles within the Channel Up, we remain bullish, targeting 81.85 (+6.64%, which is the rise of the previous Bullish Leg of the dashed Rising Megaphone). If a...
Crude oil has been grinding higher since the December low, but after a 4-week period of choppy trade momentum has turned higher. Whilst $80 has been a tough level to crack in recent week, we suspect a breakout is now on the cards - 200-day MA has provided dynamic support - Falling wedge into 200-day MA - Bullish range expansion out of the falling wedge - RSI...
WTI Crude Oil is close to making a 3rd contact on the Falling Resistance, which last time ended in a 4hour MA200 test. Along with the Rising Support, this pattern resembles December-January, which later broke upwards to a new High. Until it does, sell and target the 1day MA200 again at 77.50. Follow us, like the idea and leave a comment below!!
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Long Time Frame Completed " 123 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Correction Short Time Frame
Price action analysis on WTI Crude Oil. Key levels. Potential scenarios. Trading plan. ❤️Please, support this video with like and comment!❤️
9:45 am entry higher low created 77.58 Nice bullish candle engulfment & Break of structure TP 78.57(1.618 extension ) 84 Pips ✔
West Texas Intermediate crude oil continues to trade within the upward-sloping channel. However, its bullish trend remains weak, as reflected in the relatively low (but growing) value of ADX (on the daily time frame). In the past two trading sessions, the daily RSI continued to flatten, Stochastic turned lower, and MACD performed a bearish crossover while staying...
During Monday's trading session, the WTI oil price commenced a decline, hovering around $77.35, following a bullish candle that countered three consecutive negative days. Market analysts suggest that the price may experience a pullback at the resistance and supply area indicated on the chart (highlighted in the red rectangle). This anticipated pullback is...
🛢 CL OIL, H4 🛢 11 March 2024 Crude oil prices experience a slight dip as apprehensions persist over soft Chinese demand. Despite OPEC+ extending supply cuts, China's conservative economic growth target of around 5% for 2024 raises concerns. Analysts emphasise the challenging outlook without additional stimulus measures. Attention shifts to major central banks'...
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...