Through the analysis of the hourly chart of crude oil, we know that the last trading day first fell, then rose and then fell. The pressure that reached the middle track of the Bollinger Band above was blocked and fell back. We can clearly see from the picture below that the main bulls continued to intervene in the bottom area of the market. , in the short term,...
There has been a lot of fundamental news in crude oil trading recently, with hospitals and schools in Gaza being bombed, and Iran calling for an oil embargo.
Why haven’t oil prices exploded? Three major factors indicate that oil prices are in a storm!
1. OPEC+ has no plans to hold a special meeting and take immediate action. Judging from OPEC+'s recent...
In the more immediate term, EASYMARKETS:OILUSD accumulates a large oversold position. In the August/October period of this year there was a clear bearish divergence between the RSI and prices, which together with the proximity of the top of the bearish channel presaged a price correction. This has been the case.
The proximity to the 200-session EMA ...
Hi Everyone,
Please see updated 4H chart, Oil already hit the support around 86 ready to test the key point at 90, if break there is likely 2 possible upside moment.
as we can see the oil will make range until the fed release their new hike Interest rates.
we also need see the next coming geopolitical movement from Russia , China and USA.
The oil embargo will...
All targets are Achieved. Tast's an update.
As I said in the WTICOUSD chart analysis on July 21, the price dropped to the $96 range and started rising to around the price of $104.
A clear formation of a Bullish engulfing pattern can be seen by the naked eye on 1Hr time frame of OILUSD. It shows the price will move further upwards in the coming hours.
![OILUSD: [EN] Shoulder-Head-Shoulder in oil? // GaliortiTrading](https://s3.tradingview.com/n/ni7p29F9_mid.png "[EN] Shoulder-Head-Shoulder in oil? // GaliortiTrading")
