us Oil at key level if price break this resistance level then oil will hit 90
Brent oil last trading week completed its bullish structure, and thus indicating the potential for price to exceed $90 in the coming days. The market has witnessed the formation of a bullish structure characterised by higher-low and higher-high, signifying a positive momentum in the oil market. N.B! - UKOIL price might not follow drawn lines . Actual price...
Hi Traders ! On The Daily Time Frame, The USOIL Reached a Support Level. Yesterday, The Price Broke The Resistance Level (74.63 - 76.14). This Key Level Becomes a New Support Level. So, I Expect a Bullish Move. ------- TARGET: 77.65🎯
CONGRATULATIONS to all✅ as i told you was had a big potential to continue pushing up cause the breakout of the channel was enough
The West Texas Intermediate crude oil has trended mostly sideways for over a month, moving between $68 and $75 per barrel. Yet, while the situation in the Middle East and the Red Sea continues to deteriorate, the oil market keeps growing increasingly ignorant of the dangers of a broader war in the region that could further disrupt the transit of goods and oil...
A recent bullish trend is evident in BRENT UKOil on the 4-hour time frame, marked by the development of higher highs and higher lows. My approach involves anticipating a retracement into the 50-61.8% Fibonacci zone, creating a favorable discounted entry point. It is essential to emphasize that this analysis is merely an educational idea and should not be...
🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended...
Preferred direction: SELL Comment: Sell-deal by oil is also relevant. Recent events in the OPEC arena did not have a positive impact on oil, and the decline continued. At the moment, the transaction has been moved to breakeven, and part of the profit has been fixed. However, on Thursday, there is a good opportunity to take a closer look at short-term...
#WTI_Oil (West Texas) 🇺🇸 4-Hour Timeframe, bearish 📉 and bullish 📈 scenarios 😃 👉First: Bearish Scenario 📉 through Wave 5 of a bearish impulse wave, which needs breaking below 69.342 level for confirmation. 👉Second: Bullish Scenario 📈 through an impulsive wave after completing a Double Three Pattern, which needs to break through 76.188 level for confirmation.
Geopolitics in the Red Sea Tensions in the Red Sea continue to rise, with Iran issuing yet another warning to the U.S. and its allies before expanding the war in the rich-oil-producing region. The warning follows the deployment of an Iranian warship in the Red Sea after the withdrawal of the USS Gerald R. Ford supercarrier from the waters earlier this month. In...
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!❤️
BP appears to be Double Bottoming above the previous All-Time-High-Resistance and is Bullishly Diverging on the RSI and MACD. If this level hold, BP has room to go all the way up to around $50 which would also align with the 1.618 Fibonacci Extension. I personally think that out of all the big Oil Companies like XOM and CVX, BP presents the better value and would...
In mid-December 2023, we witnessed major shipping companies announce a halt to transit through the Red Sea. Then, with the launch of Operation Prosperity Guardian, we saw the same companies start reversing their decisions, only to again pause shipping quickly after the resumption (thanks to more attacks from Houthi rebels targeting Maersk ships). As such, the past...
We've all seen how oil reacted to the beginning of the Israeli-Palestinian conflict. I am sure that this conflict will not settle down quickly and will only increase. The conflict will involve other players in the region - Emen is proof of this fact. How will oil react to this? The suspension of supplies and other problems with oil supplies will provoke demand...
Yesterday's crude oil bulls cut leek again, first broke the low point to dig the pit, and then the violent rebound does not look back, directly broke the key 71.80 near the strong pressure, directly rebounded fast 38 points, this range has no bear any chance to fight back, today's idea of crude oil will continue to rebound, the idea is bullish, this market we must...
Preferred direction: SELL Comment: Buyers managed to overcome the resistance at 76.30 , although we assumed that the instrument would form a balance and then attempt to grow. At the moment, the instrument can correct downwards towards the level of 76.30 , but there is, of course, an option with even deeper growth, and then a fall. The best option would be...
Hello Traders ! On Monday 18 Dec, The USOIL Reached a Resistance Level (74.03 - 74.75) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move... TARGET: 69.50🎯