USOIL
Oil price resumes its positive trading now, confirming the continued dominance of the upward trend during the coming sessions, and the way is open to achieving our first target at 92.19
.
stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07
stabilizing under 90.43 will support falling to touch 88.73 the 87.64
Pivot Price:...
Last Friday opened 89.5, went up to 90.3 and then fell back up again at 89.7 to be supported, crossed the previous high of 90.3 to 91.2, which is near the upper edge of the adjustment range said before, the price fell as scheduled, was supported at 89.2, 91 short orders gained more than 10 points last week, and rebounded to 90.4 after being supported. The last...
USOIL
As we said the direction is still rising and did a retest ,and it will rise again
stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07
stabilizing under 90.43 will support falling to touch 88.11 the 86.08
Pivot Price: 90.43
Resistance prices: 92.19 & 93.27 & 95.07
Support prices: 88.11& 86.08& 85.00
timeframe: 4H
Last Friday there was a unilateral rise of more than 20 points, which is not large in terms of magnitude. After all, the one-day fluctuation in previous years was 30 points. Crude oil prices have been rising for 3 consecutive months. I think that in The price will usher in a correction this week. There will be a certain degree of decline.
Share free trading...
Hi, According to my oil market analysis, there is a very good selling opportunity. The price has reached a very strong resistance. A tail candle was formed from the top. It indicates taking out the buyers in the area of 88. Before the drop. Good luck everyone
Hey Traders,
Here we have another analysis for USDWTI ,
So we expect bearish move in higher TF,
We have two extreme resistance level you can look for short in those areas,
Everything else determined properly on the chart, I will try to share with you my entry setup on USOIL, so make sure you do not miss our analysis,
Any question about USDWTI comment...
I am looking for #crudeoil to pull back toward the 61.8% fib level on the 1-hour chart.
If so, then see the continuation down back to 85.00.
Each fib level will act as support and resistance.
Happy Trading!
Share your thoughts in the comments.
The Motivational Professor
"Leadership is the art of getting someone else to do something you want done because he...
Crude oil is trading it highs to low short fib at the 38.2% line. Oil has a history of trading this short fib line in this downtrend. The last time it traded this level, crude dropped from 81.72 level to 77.57, hitting the objective to nearly the penny. Now, we are trading the highs to low 38.2 level. And, once again, we are having issues getting past it. So,...
Introduction:
Recently, the global oil market has been experiencing significant fluctuations due to a combination of factors. The economic slowdown in China and the increased oil production in Iran and Venezuela have led to a drop in oil prices. As traders, it is crucial to approach this situation cautiously and explore opportunities to take advantage of this...
Having surpassed three instances of touchpoints, the price has diligently followed an ascending trend. Regrettably, on Tuesday, August 15, this course was disrupted as the price concluded below 81.70. Forecasts suggest a continued descent in the trend, with the price anticipated to gravitate towards the range of 77.68 to 77.8 in the subsequent occurrences. This...
Introduction:
In a surprising turn of events, Russia's oil exports have hit their lowest volume since January, raising concerns within the trading community. This unexpected decline has far-reaching implications for the global oil market, warranting a moment of reflection and reconsideration for traders worldwide. In this article, we delve into the reasons behind...
hello traders.well we are in weekly supply zone and as you see in 4hr, bearish candle closed under the last low and changed the trend direction(CHOCH).so in pullback in smaller time frame we wait for reason to open short position.
R:R 1.85
what do you think?
“”your follows and boosts encourage me to publish more analysis””
The daily line of crude oil shows that 84 is a strong resistance to the rise. If it continues to break through 84 then crude oil will continue to rise. On the contrary, if it can remain unchanged at the current resistance position. Crude oil will drop slightly. So I think you can go short crude oil near the resistance position...
Yesterday, oil prices continued to be suppressed technically, running below the 83 mark, showing a trend of shock consolidation. During the Asian-European trading session, the price was hit by the resistance of the 83.1 line, and quickly went down. In the afternoon, the price stabilized at the 82 mark and reversed. In the evening, it rushed up several times in...
Market Structure: Oil is in a downtrend making lower highs and lower lows and approaching a key level (resistance, downtrend line, swing high) and there is likely an accumulation of buy orders which are made up of breakout traders and stop losses of short positions. This accumulation of orders creates enough liquidity for the market to match orders at this high...
Oil price has been on steady rise since 28th of JUNE 2023 since since formation of inverse head and shoulder, but has just touch a key major zone and possible retracement or correction seems to be near that will bring the price back to $77 per barrel according to DANCOLNATION CAPITAL STRATEGY
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
