Hey guys!
Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line.
Reasons to open positions:
1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before
2) By moving into the flag we cross the support lines, and we...
Hello everyone. At present, crude oil continues to fluctuate at a high level on the daily trend, and the short-term moving average is basically in a flat state, tending to continue to maintain a relatively volatile trend in the short term. Currently, the 4-hour trend continues to fluctuate at a low level, and the K line continues to be under pressure. The...
WTI Oil is neutral on the 1W technical outlook (RSI = 51.426, MACD = -0.040, ADX = 21.884) as it is about to close the third straight week trading sideways on the 1W MA50. On this long term chart, we can clearly see that the price hasn't crossed over the R1 level (79.75) since November 13 2023. As long as it keeps closing the 1W candle under it, we are bearish...
📈 USOIL WTI Long Trade Setup - Confirmation at SMC Orderblock FVG
🔍 Technical Analysis:
USOIL WTI presents a potential long opportunity with confirmation at the SMC Orderblock FVG zone.
Historical analysis indicates this area has acted as strong support in the past.
Confirmation involves observing clear signals on smaller timeframes (1, 3, or 5 minutes) within...
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.
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Trading Setup:
There is a Trading Signal to Sell in WTI Crude Oil
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 79.22
⭕️SL@ 80.76
🔵TP1@ 75.76
🔵TP2@ 73.55
🔵TP3@ 68.26
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading ...
WTI Crude Oil is on a healthy bullish 1D technical outlook (RSI = 61.125, MACD = 0.800, ADX = 42.762), crossing today over the 1D MA200 for the first time in February. 79.75 (R1) is the first Resistance level but once the 1D MA50 broke (as we stated on our prior idea), the target is at least 83.50 (TP), which is what WTI delivered on the August 10th 2023 and April...
🚨 Crude Oil #WTI
🗓️ Date: 12 February, 2024
⏰ Timeframe: Daily
💡 Given in the chart –
♦️ Green (long term support) = 67.50
♦️ Red (resistance) = 78.85
The price has been in the range (red color) on the chart since December last year. Price touched this range several times but failed to deliver a breakout. As long as this range remains active, the potential...
If oil prices push higher above 81$, they will prop the dollar in the medium term. Higher oil prices will influence inflation globally. Central Banks particularly the Fed might not cut rates until the later part of 2024. Fed Chair has already echoed these words citing that fed cuts are years away.
Once oil adds onto that equation, we might see a possible rate...
Hello everyone. Crude oil has gone through the war stage and its price has risen all the way from 68. The current resistance is 75.5-76.2 and the support is 73.9-73. You can keep selling high and buying low today.
Today's focus: Oil
Pattern – Support Hold
Support – 71.80
Resistance – 78.80
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil.
After a solid three-day decline, buyers have put up a fight from 71.80, but is this enough to hold the current uptrend? A break below yesterday's bar with a trend break could suggest that the current...
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!❤️
Hello guys ,
it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf.
if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity .
Update the PULLBACK was done exactly as expected am waiting for...
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...
Sharing CL update from TTR.
Will be updating CL once a week or so.
CL is trending above its 5EMA on a daily level; first support sits at 76.10, and the main support is at 74.55±
The main target is above 82.50
Bullish trend was just started imo
