Hello,Traders! CRUDE OIL keeps growing But will soon hit a horizontal Resistance of 83.64 from Where I will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dear Colleagues, I believe that the upward movement is not over yet. At the moment we are witnessing a combined correction and I expect wave B to end at 79.99, after which I expect the upward movement to continue in wave C to the 61.8% Fibonacci extension at 82.94. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Crude oil’s weekly support is 79.70, daily support is 79.90, one-hour support is 81.60, and four-hour support is 80.40. Yesterday, crude oil rose from 80.50 to 82.50, and the market currently maintains a bullish trend. Crude oil recommendation today: Go long at 81.60 for U.S. crude oil WTI, stop loss at 81.15, look at 82.80
We have a chance of Head and Shoulders pattern. now price is approching the right shoulder area. look for short side,when price comes to this area. on bottom side we have a strong support at 4800 levels. keep in long side from this support zone.
Hello Traders, Base on technical and wave analysis we see this scenario for #USOIL 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.
Crude oil was prompted to go long near 81-81.1 yesterday, and it was also profitable yesterday. So how to trade today? If there is a correction in U.S. oil today and tomorrow, and the retracement below is in the 81.5 and 81-80.7 areas, it can be regarded as an opportunity to enter the market with short-term long orders.
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 80.206 which is an overlap support. Stop loss is at 76.500 which is a level that lies underneath a pullback support. Take profit is at 83.301 which is an overlap resistance that aligns close to the 161.8% Fibonacci extension level. High...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
Hi Traders ! The USOIL Broke a Strong Resistance Level (80.64 - 79.94). This Resistance Level Becomes a New Support Level. So, I Predict a Bullish Move 📈 ------------ TARGET: 82.40🎯
Preferred direction: BUY Comment: After a very long accumulation in oil, most likely the buyer is ready for the long-awaited growth. According to the results of yesterday's trading, the price was fixed at the highs, which indicates the strength of the buyer against the backdrop of growing market sales. In this regard, we maintain a strong buy priority towards...
In the H4 timeframe, US Crude Oil prices started the week with a bearish candle, contrasting with the strong gains seen in the previous week. This bearish sentiment seems to be influenced by multiple factors, including technical indicators such as the 61.8% Fibonacci level and overbought stochastic conditions, particularly around the $81.50 mark. The recent...
Crude oil is returning to the bullish bat pcz which also happens to be at a high demand level. Lets see the pa over the next few days, but if an additional edge develops we will long in and around this area with the given targets. We are not long for now . Update soon.
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The hourly trend of crude oil began to rise around the opening. In the short term, we will pay attention to the pressure zone around 82.5, where there may be a slight adjustment. I was bullish on crude oil last week. It rebounded slightly after the market opened. Don’t chase higher. You can go short near the pressure level. After adjustment, you can go long.
We've held onto the Sasol short and extended the take profit. Purely based on the bigger picture on a weekly chart. There's an even larger Inv Cup and Handle. Price has broken below the Brim level and entered into a Down regression channel. By the looks of it, the price will tank down to R83,96. The nature of the trade is HIGH probability as the Price<20...
Crude oil trading analysis The oil market was mixed and volatile last week. The Red Sea shipping crisis has drawn attention, while an increase in demand forecasts from the International Energy Agency has also caused market volatility. Although WTI crude oil futures fell slightly, the overall trend showed a weekly increase of more than 3.88%. International...