WTI oil (USOUSD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 80.563 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 76.830 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci...
Hello,Friends! USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 79.48...
Crude oil market analysis Yesterday's crude oil daily line is closed large Yin, but the current large Yin still does not change the bullish trend of the daily line, back stepping can continue to dry more. The shape of the daily line near 80.00 is basically difficult to change the trend, today's ideas can be short and long, the general trend is more, more single...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 78.60 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 78.60 support and resistance area. Trade safe, Joe.
WTI oil (XTI/USD) is rising towards a potential breakout level at 82.53 which has been identified as a pivot point. Could price potentially break through this level and rise higher towards the 1st resistance? Pivot: 82.53 Support: 81.33 Resistance: 84.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
WTI oil (USOIL) is falling towards an ascending trendline and could potentially break under this level to drop lower. Sell entry is at 82.329 which is a potential breakout level ( wait for the 1-hour candle to close under 82.329 for confirmation ). Stop loss is at 84.520 which is a level that sits above the recent pullback resistance. Take profit is between...
Oil position still active in the Gold Fund for our bigger investors. Oil moving smooth in our predicted bias! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Oil position still active in the Gold Fund for our bigger investors. Oil moving very smooth in our predicted direction! While it'll be a loss for majority of the public who suffer from higher Oil prices, we'll be profiting as we've managed to get in on the right side of the market📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
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...
Hi Oil Traders, This is our master plan to Rob Crude oil Barrels. Guys U can enter to Rob this oil at entry level i have mentioned or place your sell stop below my entry level this is our master plan. Our target is Trap area.
USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They...
Crude Oil NYMEX:CL1! ! Let's delve into a crucial chart, our beloved Crude Oil (CL1!) Futures Contract. Starting the count post the pandemic dip, we've completed a 5-wave cycle reaching $130. After a subsequent drop, the Wave C formed in March 2023. Following that, in my analysis, we've crafted an upward Wave X around $95. Currently, we seem to be descending...
Crude oil market analysis Today's crude oil continues to be bullish, the 81.30 platform organized by the bulls yesterday has formed a new support, close to this position to consider continuing to be more, the suppressed position can not be seen, the size of the trend of crude oil is all bullish, the previous 80.40 has formed a new strong support, the shape does...
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
price is testing again 81 big horizontal resistance if price breaks this level then it can make inflation fight longer
🛢 CL OIL, H4 🛢 20 March 2024 Crude oil prices extended gains, reaching multi-month highs for the second consecutive session, driven by rising geopolitical tensions, notably recent attacks by Ukraine on Russian refineries. Concerns over supply disruptions intensified as the attacks targeted a significant portion of Russian refining capacity, leading to the...
Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 82.51. Taking into consideration the structure & trend analysis, I believe that the market will reach 85.04 level soon. P.S Please, note that an...
Dear Colleagues, price has reached the minimum acceptable target of 61.8% Fibonacci extension at 82.94 and now I assume that wave C will be equal to wave A. This is quite a risky forecast, so I recommend to take risks and enter with a risk of no more than 1-5% of your deposit. My target is in the area of 100% Fibonacci extension at 85.00. Manage your capital...