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
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 . lets wait and see !
The idea was that while US Oil is not directly affected by the tensions in the Middle East as most of it is domestic consumption, what portion of it that is exported does not go through the Suez Canal but rather across the Pacific to Asia mostly. The idea was expanded by no matter that, the Middle East quagmire affects global oil prices all intertwined. The...
The entry prices for long position at 71.80 and 70.60 offer attractive entry points near support levels. A stop-loss at 70 provides a good risk management buffer, limiting potential losses if the trade turns against us. The target prices at 73 and 75 represent potential profit levels based on technical analysis.
journey to 79.35 just begun . first target achieved send and third on the way
For West Texas oil, I imagine two downward movements, which for me is the more likely yellow scenario
😇 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 Crude Oil is neutral on the 1D time-frame (RSI = 48.178, MACD = -0.770, ADX = 19.024) as the price continues its fierce consolidation within the 1D MA50 (Resistance) and 1W MA200 (Support). In fact the 1D MA40 has been unbroken since October 23rd 2023 and when it breaks we expect a strong rise like the July 5th 2023 breakout. A strong consolidation similar to...
We've called oil pretty decently before but a lil tough at the moment Daily #OIL has been in a bad downtrend. Currently it is forming a symmetrical triangle. Weekly Oil is trading below its moving avgs. Volume is lessening. This is a hard commodity to call at times. Anything can happen, war, cuts, etc...
USOIL the best way to use the trading opportunity is to wait for the sell zone 75.00 - 76.00 Or wait for support level 69.79 for the buy trade. Long term traders can buy the market now with a 76.60 target. SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin.
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.
Dear Esteemed Members, There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014. As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global...
76 target, trend line bounce. 1st day that NY Algos open the day buying OIL since NOvember 30th
The potential for an increase in oil prices looms as supply disruptions in Libya unfold. Additionally, heightened tensions in the Middle East, fueled by another attack on a container ship in the Red Sea and explosions in Iran, contribute to the uncertainty. Shipping giants temporarily halted Red Sea shipments last month due to attacks by Houthi rebels, who were...