USOIL finds itself at a critical juncture, facing a formidable horizontal resistance level at 79 that has proven unyielding since November 2023. However, a noteworthy development is underway as it sustains its position above the DEMA100 for the first time since October 23. Furthermore, there is discernible formation of an inverted head and shoulders pattern...
Good day. WTI. Last month showed interesting upward and downward movements; in anticipation, everything closed for an upward movement. Due to the instability in the Middle East and lower Africa, and indeed in the world, these factors influence more likely the Growth of Oil, but let's move on to the Technical Picture. Since the beginning of the year it is trading...
if you had the intention of buying an oil or gasoline car in the following years, think again. The price of oil will skyrocket. Chart show's the possibilty of the cup and handle pattern and the target.
Good evening and i hope you are well. Quote from my weekly outlook: short term: slight favor for the bulls to reverse Friday and trade above 79, there could still be resistance if bulls won’t push above with some force. bears win below 75 for at least 74 or lower That outlook was good for 300 pips. Hope you made some. bull case: Bulls got exactly what i...
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance RSI - Divergence Break of Structure Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Upper Trend Line
Oil had a very strong daily close on Tuesday, and appears to be heading for the highs of the weekly range. My Draw on Liquidity is Tuesday's high, as well as 79.09 and 79.36. I am hunting a long setup. I would like to see H4 candles closing with rejection wicks into the H4 bullish FVG's. A close of this nature will authorize me to hunt m15 long entries.
Defying our expectations, the West Texas Intermediate crude oil rose above $75 and began to form a rectangle pattern between $76.16 and $79.25 (following a breakdown of negotiations between Israel and Hamas). Currently, the USOIL is trading near the lower bound of this range, which also coincides with the 20-day SMA that acts as an alternative support level. On...
Almost 3 weeks ago (February 07, see chart below), we gave a strong buy signal on WTI Oil (USOIL), right at the bottom (Higher Lows trend-line) of the 2-month Channel Up: The price is approaching the 81.50 target right at the top (Higher Highs trend-line) of the Channel Up. Since however we see a strong Resistance Zone that has been holding since the previous...
Price action analysis for Crude Oil. Important key levels. Potential scenarios. Trading plan explained. ❤️Please, support this video with like and comment!❤️
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
#USOIL. market continue consolidation from last couple plus weeks, technically market very well placed upside area around 79 plus. keep in mind if it will holding this area for futher then downside drop expected to my expected area, let c what will be done from market side. good luck trade wisely
www.tradingview.com Today, Crudeoil encountered a massive selling rally. Here are the possible levels of reversal: 6250 / 6200 /6080 / 6000
✅CRUDE OIL went up again To retest the horizontal Resistance of 79.61$ from Where i believe we will see A local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Here is my latest structure analysis for WTI Crude Oil. Resistance 1: 78.9 - 80.8 area Resistance 2: 82.5 - 83.5 area Support 1: 75.5 - 76.2 area Support 2: 70.7 - 71.8 area Support 3: 69.4 - 70.4 area Support 4: 67.7 - 68.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hello,Traders! CURDE OIL made a pullback From the horizontal resistance Level of 79$ and then broke The rising support line So we are locally bearish Biased now and we will Be expecting a move down Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Today's focus: Oil Pattern – Resistance re-hold Support – $77.21, $76.30 Resistance – $78.85 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil on the daily chart. Today, we have broken down how we see price and key levels. Once again, we have seen resistance re-hold and a new move lower after tests failed. Will we see a new...
Oil moving very smooth in our predicted direction! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈 Buyers still holding strong, making sellers fail in taking out the previous Wave 4 low. GET INTO LONG TERM OIL POSITIONS NOW!
Oil moving very smooth in our predicted direction! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈 Buyers still holding strong, making sellers fail in taking out the previous Wave 4 low. GET INTO LONG TERM OIL POSITIONS NOW!