Recently, crude oil has experienced a major pullback and is currently in a phase of rebound and volatility. Yesterday's market surged and fell back, and at one point fell to around 77.00. Currently, it has stopped falling and rebounded. From the attached chart below, it can be clearly seen that there have been signals of bullish players laying out their positions...
Oil saw a high-volume drop below support near 78 yesterday, which turned the immediate position into a resistance level. As of now, there has not been a complete breakthrough and the trend has weakened, so in terms of trading, selling short positions is the main strategy for today, with buying long positions as a secondary strategy. Specific trading...
I'm already long via a number of energy stocks I have been buying recently but now Oil futures are finally onboard. I was thinking that inflation remaining stickier was proof of post COVID lock downs induced supply disruptions being still a factor, and now that we have China reopening and an increase in demand of 'atoms' thanks to the transition to renewable...
Peace be upon you. How are you? There is a high probability of oil rising with the formation of the ascending channel and the re-testing of the trand. What do you think my friends
Low risk trade here, check out how the hourly, daily and weekly time-frames interact, giving a lot of upside room with very limited downside risk here. Best of luck! Cheers, Ivan Labrie.
Oil returned to the previous range Look for downtrends and sell positions
We have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below. I will be waiting for the stock market to actually open...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Sideways 2 📆Monthly: Bullish to corrective mode 3 📅Weekly: a clear bear trend is established with proper lower lows 4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6:...
If we can hold $77.33 for a bit, there's potential of this IHS pattern playing out well. Fundamentals + news events in this market should be observed for such a trade. Not financial advice. DYOR.
WTI Crude Oil made a remarkable rebound yesterday marginally below the 76.30 Support (the Support Zone is now 76.30 - 75.30) and turned the 4H RSI around, approaching the 4H MA50 (yellow line). This is the first Resistance (short term) with the initial target of this late September/October-like rebound being the 1D MA50 (blue line). If then the price breaks above...
This graph is a representation of my point of you of the futures market (USD).
Oil has been consistently declining since its last top, trading in a descending channel with lower highs and lower lows. I've highlighted the key areas of support and resistance for oil to help you see the broader picture. You may take advantage of this if you want to swing trade in the channel.
Oil hit this support more than five times and it respected this support so if we received candle confirmation above the support rectangle (the green one) we can long oil But if it closed under the support wait for retest and then we can go short. Good luck all if you like my idea like it and comment your opinion 🍀💰😊
Oil has to fall if the global fight against inflation needs results. Inflation Reduction Act of 2022 gives us fresh ammo to short the oil. Watch for the downward supports: Support 1 - 85.5 Support 2 - 77
oil is ready to complete terminal as c in last lag of flat in d lag of big triangle buy opportunity in 80-83 dollar for 140 dollar at least
Believing in yourself is one of the most important aspects in trading! So, because of that confidence I will take a short trade on oil soon within the range I specified on the map and my SL will be 105 or 106. Wish me the 👌 best.
oil crude is going to 108 in frame 15 minute