Hello everyone,The oil price is facing negative pressure to test the 77.86 level, and the price needs to remain above this level for the bullish trend scenario to remain effective, waiting for a breach of the 79.63level to facilitate the task of rushing towards our next positive target at 81.23 . On the other hand, we note that breaking 77.86 will stop the...
Oil prices are rebounding following a recent dip, sparked by the International Energy Agency's (IEA) announcement earlier this week, contrasting events from Monday. Monday's decline was largely influenced by the OPEC+ monthly report, hinting at potential price increases. However, sustained crude oil recovery requires further momentum, with a significant catalyst...
Keeping this simple Daily Oversold, w/desc triangle breakout set up. Bull flag breakout set up with a min retrace target 81.97.. previous resistances of 75.40-76 have been flipped to support.. I do have a position. Not trading or investing advice..
OPEC has recently made a significant announcement that they will be adding a staggering 2.5 million oil barrels per day to the global supply. This news couldn't be more opportune for those seeking to capitalize on potential gains. Now, more than ever, we have the chance to position ourselves and make a lasting impact on our trading portfolios. With OPEC's...
hello everyone,The price of oil begins today’s trading with strong negativity, reinforcing expectations of a continuation of the downward trend, and the way is open to achieving our negative targets that start at 75.49 and extend to 73.80. The Stochastic indicator is providing clear negative signals now, to support the proposed bearish trend scenario, which is...
This is my trading idea for Oil next week... Looking for a pullback and continuation for the downside
If Oil is able to close at 77d. There will be room for Retracement to 82 d. If it is unable to close above 77 d, its decline will continue to 69 d.
The price of oil has been fluctuating sideways since the morning, and therefore, there is no change to the expected bearish trend scenario for today, which mainly targets the 75.49 and then 73.80 levels, with a reminder that breaching 77.83 will stop the expected decline and push the price to try to recover in the intraday term. Pivot Price: 76.83 Resistance...
Hello, according to my analysis of the oil market, the market is in a very negative state. The market has broken the ascending channel. It also broke the 88.00 level, which is considered strong support. In the coming days, we may notice further declines towards the 80.00 levels and the 76 level. Good luck to everyone.
Are you more interested in short-term scalping or mid-range value investing? Most people like frequent trading but do not have professional trading knowledge so they burn their accounts! I delete oil and gold transactions I choose short-term scalping in gold Choose medium - and long-term value investments in the crude oil sector Both sectors have proved very...
Hi Traders! USOIL is slowly pulling back to its three-month low at 77.68. Price Action 📊 The market's price action is currently bearish due to a few signs. The market recently had a trendline support momentum break after a very strong uptrend period, which has led to lower highs and lower lows. Finally, the market broke under the 20 EMA and has failed to go...
Everything is clear Spread of war could move price even higher
The oil price is showing additional positive trading to gradually approach our first awaited target at 84.12, waiting for this level to be breached to confirm the continued dominance of the upward trend and achieve additional gains up to 85.94. On the other hand, you should be aware that breaking 82.90 will stop the expected rise and force the price to decline...
hello friends as i can see oil has filled the last week market opening gaps and continues to up trend Israeli & palatine war had changed the USOIL moves so fundamentally + technically chart is show us more upside moves till the drawn levels please share ur ideas and thoughts about usoil stay tuned for more updates
The oil price faced negative pressure yesterday to attack the 84.55 level, and we note that the price consolidated above this level to begin offering positive trades at the opening of the day, on its way to building an upward wave that we expect to mainly target the 86.50 and then 88.29 areas. Therefore, we continue to favor the upward trend for the coming...
H1 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Th oil market that might present a potential opportunity for those who are interested in shorting oil. Please note that this opportunity should be approached with caution, as market dynamics can be unpredictable. Over the past few weeks, we have witnessed a significant drop in oil prices, primarily driven by Russia's decision to ramp up its oil exports. As a...
We saw the pullback into the support area we were waiting for, around the 200-dar EMA on the 4hour chart and weekly pivot point. A bullish engulfing candle also formed at the end of the session, and whilst prices have gapped lower at the open, we're now looking to enter long and target the resistance zone around $90.