Price action analysis for Crude Oil. Important key levels. Potential scenarios. Trading plan explained. ❤️Please, support this video with like and comment!❤️
Here is my latest structure analysis for WTI Crude Oil. Resistance 1: 78.9 - 80.8 area Resistance 2: 82.5 - 83.5 area Support 1: 75.5 - 76.2 area Support 2: 70.7 - 71.8 area Support 3: 69.4 - 70.4 area Support 4: 67.7 - 68.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
WTI Oil (USOIL) is being rejected once more on the 1D MA100 (red trend-line). Even though we are constructing this analysis on the 1W time-frame, in order to utilize the long-term dynamics and stress the importance of the 1W MA200 (orange trend-line) as the long-term Support for exactly 3 years (since the weekly break-out of February 01 2021), the key that makes...
Multiple time frame analysis for Crude Oil. Daily/4h time frames analysis. Price action, key levels. Bullish outlook explained. ❤️Please, support my work with like, thank you!❤️
WTI Oil (USOIL) gave us one of the best bullish break-out signals two weeks ago (see chart below): Since almost touching the 79.75 Resistance, the price pulled back significantly and hit (even marginally breached but never closed) the bottom of the 2-month Channel Up. With the 4H RSI making a Bullish Cross, which was the absolute Buy Signal on the previous...
Crude Oil is currently testing a solid rising trend line on a daily. I see a double bottom formation on that on an hourly time frame with multiple rejections and a peculiar gap up. The price may bounce. Goals: 73.27 / 74.16 ❤️Please, support my work with like, thank you!❤️
WTI Oil (USOIL) gave us the most optimal buy entry last time we made a call on it (January 22, see chart below) and almost touched the 79.40 Target before pulling back: The pattern that has emerged is a Channel Up that started since the December 13 2023 bottom. The recent top at 79.30 is a technical Higher High for the Channel Up and the rejection has started...
Crude Oil is taking off from a major horizontal daily support. As a confirmation, I spotted a tiny horizontal range with a confirmed neckline violation on that. We can expect a pullback before the OPEC meeting today. Goal - 77.0 ❤️Please, support my work with like, thank you!❤️
Oil’s Tug-of-War: Iran Tensions vs. Evergrande On Wednesday, WTI crude futures dropped below $77 per barrel, undoing a 1.4% increase from the prior session, all while the U.S. readies itself to address a lethal attack on its troops in the Middle East. Perhaps traders are concerned more about the liquidation of China Evergrande, raising worries about the...
WTI Oil (USOIL) Closed last week above the 1D MA50 (red trend-line) for the first time since July, which technically puts an end to the October - December 2023 downtrend but perhaps that's not the strongest bullish signal we've seen now. The asset completed on Friday a Golden Cross on the 4H time-frame, the first such formation since July 10th 2023. That was at...
WTI Oil (USOIL) is under a heavy technical squeeze as it has been trading for days within the 1D MA50 (blue trend-line as Resistance) and the 1W MA200 (red trend-line as Support) and the width has now gotten extremely tight that a break-out is inevitable. The very same squeeze was last spotted on July 03 2023, when the price marginally broke above the 1D MA50 but...
😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective move is filled POi, now impulsive is starting 🟢 Inducement: Done 🟢 Pull Back: 1st and deep 🟢 Internal Structure: Bearish 🟢 Ext OB: Mitigated 🟢 Supply, Distribution, Rejection: Trendline broke, trend line Breakout/CIP done 🟢...
4 month bearish channel finally broke on red sea tensions. Oil is ready to gain after near 4 month bearish move. Trade safe. Good luck.
WTI Oil (USOIL) has hit today the 1D MA50 (blue trend-line) for the first time since October 24 2023. Today's analysis is on the 1W time-frame but we have explained the reasoning behind a long-term buy once the 1D MA50 would break, a month ago (December 19, see idea below): That Buy Zone offers a low risk action ground for longs and as you can see on today's...
Hello everyone. Crude oil is currently affected by the Red Sea news, which has led to explosive rises today. But the price has now reached resistance. Therefore, crude oil can be sold in the 74.5-74.8 area. TP73.8-73.
Multiple time frame analysis for WTI. Price action and important key levels. Trend analysis and directional bias. Trading plan. ❤️Please, support this video with like and comment!❤️
Hi, According to my analysis of the oil market, it seems to be in a very negative state. We notice that the market is in a downtrend with a descending channel forming as shown in the analysis. The price also rebounded from the demand block area at the 76 level, indicating further decline in the coming days. Good luck to everyone.
Hello, according to my analysis of the oil market on a four-hour frame. It appears from the analysis that it is still in a downward trend. Through the descending channel that confirms the sellers’ control over the market. Good luck to everyone.