Hello traders, USOIL on weekly chart looks like about to break through up to finish bottom sideways price action. On 4H chart, it has just finished a leg up to break through the big triangle's pressure line and test the horizontal pressure line once. This should be good news for buyers of USOIL this week, meaning more and more buyers could probably join the...
Hello,Traders! CRUDE OIL broke out of The narrowing wedge pattern To the upside and the price Is now going up again So I will be expecting A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
UNG is shown here on the 15 minute chart with text box comments showing the three trades over 8-9 trading days yielding 25% overall first two trades short then a one day long trade at what may be an early reversal. A pair of hull moving averages 49/140 ( multiples of 7) are used to generate buy and sell signals in golden and death cross fashion. A dual TF RSI...
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...
Hello Traders, 📈 Daily chart review : - Affter a long moving in downtrend, in the present, price is near with strong support and has got many times want to pull up. - Now, it is prepairing for a breakout of the downtrend 🎯In my trading opinion: You can buy around 73-74 price zone and target is 80-81 zone. 📚 Remember that: Always follow your trading plan...
Good evening and i hope you are well. Here is a quote from my substack on Monday about oil: "Most interesting market today. I do believe its a breakout of the bear channel, beginning 2023-09, if bulls can generate follow through tomorrow/Wednesday. The trend line on higher time frames is more of an area than a narrow line with exact prices. But we are there and...
In the wake of widespread winter weather last week, the volatile natural gas futures front month, specifically the expiring February contracts for UNG, are witnessing a robust uptick. Traders are eagerly anticipating a potentially record-breaking storage withdrawal, adding fuel to the bullish sentiment. The market's sharp rebound in early trading on Thursday...
TVC:USOIL USOIL (W) will aim for the $81.5 price area With a solid pinbar candlestick pattern, most likely, oil prices will return to the 81.5 price range within the next 1-2 months before new fluctuations occur.
This daily chart of the WTI crude oil (spot) demonstrates a symmetrical triangle pattern. I will use it for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width...
The West Texas Intermediate crude oil has trended mostly sideways for over a month, moving between $68 and $75 per barrel. Yet, while the situation in the Middle East and the Red Sea continues to deteriorate, the oil market keeps growing increasingly ignorant of the dangers of a broader war in the region that could further disrupt the transit of goods and oil...
Congratulations to all , as you can see here the market continue pushing up cause was in strong trendline and made a good signal to make this decision, See you in next Station;
Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although...
Preferred direction: BUY Comment: The shorter-term view for the USDCAD currency pair is directed upward. The US dollar is still strong, and further strengthening is expected this week. The most likely scenario is growth from current levels. Less likely is a retest of the support area at the 1.34000 level. The long target is located at the level of ...
The 1H/4H chart shows that crude oil broke out of the triangle pattern and is expected to continue rising. During the day, we need to focus on the resistance at the previous high, focusing on the resistance near 75.30, and the support below is around 73.2.
Dear Colleagues. I hope you listened to my advice and took a great profit from the last forecast. And now I am considering the continuation of the upward movement. I suppose that the price will reach at least the resistance area of 76.08. Before this movement it is possible to form a corrective wave 2 in the area of 50%-61.8% Fibonacci levels of 71.66. Manage...
#USOIL.. market is in range from last 4 to 5 weeks. The reason is market have upside strong resistance. If it will continue his range trading then again drop expected from here. Otherwise if market clear upside then upside areas also mentioned. Trade wisely Good luck
Time to Brace for GDP (and USD) Downside Surprise? This Thursday marks the release of the initial estimate for the fourth quarter of 2023 GDP in the United States. If predictions hold true, there will be a noticeable deceleration in economic growth, with the market anticipating an annualized growth rate of 2%, a significant drop from the previous quarter's...
The market looking for continue ppushing up that make us see strong trendline and good bullish engulfing so i recommend you to take a buy