Crude oil technical aspects Daily resistance is 82-83, support below is 80.2 Four-hour resistance is 81.5, support below is 80.2 Crude oil operation suggestions: Crude oil prices are facing certain selling pressure. From the daily chart level, oil prices have fallen back and adjusted after reaching a new high of 83. The strength of its pullback is limited. Pay...
The weekend was marred by rising tensions in the Middle East and between Russia and Ukraine, raising concerns about tight global supplies. The recent bullish trend of crude oil, the short-term correction is currently supported at the 80.8-80.5 support level As shown in the figure, today's callback can be mainly long. Strategy suggestion: You can buy long...
WTI oil (XTI/USD) could bounce off a pullback support at 80.97 which has been identified as a pivot point. Could price potentially find support around this level before reversing to climb higher? Pivot: 80.97 Support: 80.04 Resistance: 82.67 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money...
Hello,Traders! CRUDE OIL is going down But will soon hit a horizontal Support around 80.5$ from Where I will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 80.437 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 79.200 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at...
WTI Crude Oil has been on Lower Highs even since the rejection on the Rising Resistance of the Megaphone pattern. As suggested by the previous Bearish Waves, this is a sell signal, with the 4hour RSI following a similar pattern. Sell and target 79.75 (-3.33%, symmetrical Bearish Wave), which is where the 4hour MA200 is expected to offer support. Previous...
Crude oil experienced a short-term correction as Russian government-ordered curbs on oil production and attacks on Russian and Ukrainian energy infrastructure offset U.N. demands for a ceasefire in Gaza. The bullish signal given yesterday was also in line with expectations. You can still continue to go long after today's correction. As shown in the chart,...
usoil buy81.2-81.4 tp82-82.3 sl80.5
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 81.30 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 81.30 support and resistance area. Trade safe, Joe.
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
HeIIo AII I hope this emaiI finds you weII In my next vision for WTI (West Texas Intermediate), I see a target price of 84.800 as the initial take profit (TP). However, there's a twist in the tale. (SL) at 81.400. Additionally, there's a crucial waiting game tied to the price-to-earnings ratio (PE), where action is anticipated once it hits 82.000. { Wait tiII it...
USOil exhibits a break of market structure on the 4-hour timeframe. We anticipate a retracement towards the 61.8% Fibonacci level, presenting a potential long entry opportunity. Set stop losses below the previous swing low and target the previous high.
I wanted to bring to your attention the latest trend in the oil market - prices are on the rise due to recent attacks on refineries in Russia. These attacks have caused disruptions in the supply chain, leading to an increase in oil prices. This presents a great opportunity for you to capitalize on this trend and make some significant profits by going long on...
Good evening and i hope you are well. Let me start today with a beautiful quote, which is often repeated in some form or another and indefinitely more people do not grasp. As we’ve discussed, every security is a claim on some set of cash flows that will be delivered to investors over time. Yet at any given moment, the only two things that determine the price of...
Let’s first look at the support in the 80.5-80.2 range. If the support is valid, go long. The indicators are now more favorable to shorts, with resistance around 81.3. If it falls below 80.2, there will be a small rebound, but 80.5-80.8 will become strong resistance, so the risk of shorting is smaller and the profit opportunity is greater.
🛢 CL OIL, H4 🛢 25 March 2024 Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development,...
WTI oil (XTI/USD) could bounce off a pullback support at 79.79 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 79.79 Support: 76.60 Resistance: 84.35 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
WTI oil (USOIL) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 80.472 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 79.000 which is a level that lies underneath an overlap support that aligns with the 61.8% Fibonacci retracement...