West Texas Intermediate US Crude Oil prices remain under some selling pressure for the third successive day on Friday and trades near the weekly low, around the $80.30 region during the Asian session. 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...
Nice little inverse head and shoulders Yep! #Inflation is sticky & persistent High prices for goods & cost of living not only to remain high but if the #fEd starts dropping rates expect another spike up
🛢 CL OIL, H4 🛢 22 March 2024 Crude oil prices faced downward pressure amid weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza, easing concerns of supply disruptions. Despite an unexpected decline in US crude inventories reported by the Energy Information Administration (EIA), gasoline product demand...
The short-term trend of crude oil (1H) fluctuated and hit new lows, testing the 80 support. The moving average system is arranged in a short position, and the short-term objective trend is downward. Oil prices hit around 80.70, forming a certain recurrence, and their upward strength is relatively weak. It is expected that crude oil will remain volatile in the...
Technical analysis using Harmonic patttern, Finding Point D using Extension Fibonacci Numbers. If the price hit entry, Risk 27 or 80 profit.
Hello 👋 📊West Texas Oil Analysis Analysis in the short and medium term is in the style of Elliot waves. Due to the formation of 5 rising waves, the market can enter correction, which will be formed in the form of ABC wave, which is currently expected to complete wave A, and any high can be a correction to continue falling. $82.0 range resistance Support and target...
WTI oil (XTI/USD) could bounce off a pullback support at 80.32 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 80.32 Support: 78.55 Resistance: 83.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced, and a bearish reversal could occur at any time. Trade cautiously, prioritize risk management, and remember – this is not financial advice.
I posted a trade idea a few moments ago, this is the video explaining my idea. There are important points in the video that are noteworthy. USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced,...
USOIL price approaches the resistance zone 83.07-83.51. If the price cannot break through the 83.51 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
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 oil (USOUSD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 80.563 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 76.830 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci...
Natural Gas Price Fo#naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 03:15 AMEX:UNG Stock Forecast 05:00 USO Oil Stock Forecast 06:29 DXY US dollar Stock...
Hello,Friends! USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 79.48...
U.S. oil continued to fluctuate and repaired yesterday. The bullish EIA data in the evening failed to bring rebound momentum to U.S. oil. On the contrary, the market retreated to around the 80.8 line in response to technical needs before rebounding. Of course, this period was also affected by the Federal Reserve's interest rate decision. , in the end, US oil still...
Ascending Triangle has formed on Brent Crude. We saw the price continue to knock up the resistance until it broke above. Price>20 and Price>200 So the target is likely to hit $96.00 When the US Dollar depreciates, it often leads to a rally in Brent Crude prices for several interconnected reasons. 1. Commodity Pricing Global Benchmark: Brent Crude is a...
Crude oil market analysis Yesterday's crude oil daily line is closed large Yin, but the current large Yin still does not change the bullish trend of the daily line, back stepping can continue to dry more. The shape of the daily line near 80.00 is basically difficult to change the trend, today's ideas can be short and long, the general trend is more, more single...
As pattern often repeat themselves, natgas operate in his bottom area 1,50 /2,00 and can evolve in this range few times.This recent downfall brought the price down and its a good spot to try long since i can see it pushing up before any more downside. in larger timeframe rsi provide us a bullish divergence and is oversold but i tend to not give too much...