Light Crude Oil Futures
After a bearish leg yester and a 4 hour pullback, this might indicates a continuation to the downside. Lets see where it goes.
From a long-term perspective, Oil, in this case, we use the Brent Last Day Financial by NYMEX CME, overall is trending downward! It would be tempting to initiate a “sell on rise strategy” especially when a long term trend line (in blue) is challenged. The trend line majors the historical highs of Brent (BZ) as well as Crude (CL) since the second all-time-high...
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame Completed " 12345 " Impulsive Waves and " A " Corrective Waves Fibonacci Level - 61.80% S / R Level
Hi there, WTI (OIL) reaches to a powerful resistance. We could see several resistances in 82.5-83.5 level, that we mentioned in the pictures. So we sell it now in 83.2 and 83.5 with 80.7 and 78.2 as TP and 84.5 as SL. Be success.
**Monthly Chart** UKOIL last month's candle closed bullish after it tested the demand zone in Dec 2023 around 70 levels. This suggests a continuation of the bullish trend at least to test the MC around 95 level. **Weekly Chart** Last week's candle closed bullish after Breaking the recent weekly high at around 84 level. The price might continue moving higher...
Am going to heist the Crude Oil at bullish side. This is my plan to Loot the money in this method. I set my Buy Stop at Pivot line. when it trigger Golden cross my loot will start.
In my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea: Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March...
Brent crude oil is presently confined within a daily range-bound channel. The price is currently testing the upper bounds of the range, suggesting a potential retracement to retest previous lows. This analysis incorporates a seasonal perspective – historical data over the past decade indicates a tendency for Brent to experience declines during the month of...
Looking to go long at the break and hold of 83.28. better if price dips to the zone 82.80 - 82.60 and gets absorbed there
Crude oil has recently encountered resistance and experienced a pullback from this level. However, it is currently trading within an ascending channel, suggesting that the bears are losing momentum, while the bulls are gaining control of the market dynamics. Key Observations: 1. Resistance Encounter: Crude oil faced resistance at a significant level, prompting a...
I recommend you to Buy USOIL at this levels as we can see we have a strong level also we have a demand zone that make price continue pushing up
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure and Retracement Fibonacci Level - 50.00% / 61.80% RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame
Crude Oil is currently testing a wide horizontal supply area. Its bullish breakout may trigger a strong bullish movement. Daily candle close above 80.8 will confirm a violation. A bullish continuation will be expected to 82.4 level then. ❤️Please, support my work with like, thank you!❤️
Oil Selling Trading Setup in h1 timeframe . eng candle break with low vol
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance RSI - Divergence Break of Structure Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Upper Trend Line
🔸Hey guys, today let's review the 8 hour chart for UK oil . Any upside is limited by strong overhead resistances, currently weak bounce in progress, however most likely bears will take over from overhead. 🔸Strong resistances will cap upside at 84.00 usd / 86.00 usd. right now locked in tight trading range, however expecting final pump to trigger overhead stop...
🔸Hello traders, let's review the 4hour chart for GBPUSD today. Nice pump off the lows recently, however upside capped/limited by heavy overhead resistance near 2700/2720. 🔸Downtrend defined by a sequence of lower highs, 2760, 2740, 2720 in progress, right now I recommend to focus on shorting any rips/rallies towards heavy resistance. 🔸Recommended strategy for...
UKOIL FEB WEEK 5 OUTLOOKG - Daily - I am still long bias on oil. if it does pullback, I will not get involved in shorts this week. I will see how it plays out. significant zones to look for absorption are 80.10 - 79.43 78.63 - 77.48 Origin -looking weak here too. if price fails to hold above 80.87 - 80.77 here, next level of support comes down to 78.54 - 79.26....