Crude oil is that it fell rapidly from the 8th March peak 79.5 to 76.85 USD/b. Considering that deviations from means are roughly 10 USD currently the retracement about that amount to the 61.8 Fibo level is quite probable. Now, the fundamentals: Demand from China looks to be lagging causing the dive, however supplies have remained on the tighter side given...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
"Considering a potential trade idea: Keep an eye on Oil's price action around $68. If reached, a bearish sentiment could prevail, possibly targeting $40. The completion of a head and shoulders pattern might occur, with the final shoulder forming at $68. Monitoring this setup for potential short positions could yield fruitful opportunities. #OilAnalysis...
Recently, the direction of oil is still to wait for the support level to buy. The current large range is 77.5-81, and the small range is 78.5-80.4. You can wait for the support point to buy, or you can choose to sell at the upper edge of the range. If you don't know how to trade, join me
Hello,Traders! CRUDE OIL was trading along The rising support but now we Are seeing a bearish breakout And the breakout is confirmed So we will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current USOIL chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! Previous week’s green candle means that for us the USOIL pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 77.46. ✅LIKE AND COMMENT MY IDEAS✅
Crude oil prices fell back from highs and will bottom out and rebound From yesterday to today, the overall trend of crude oil fell back after rising, with $80.5 as the resistance level and $77.6 as the support level. The U.S. Department of Energy announced the purchase of approximately 3 million barrels of oil for delivery in September to replenish the...
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...
✅CRUDE OIL broke the rising Support so we are bearish Biased and I think that We will see a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Today's crude oil trading analysis Yesterday, crude oil continued to fluctuate upwards, and the second time it tested high, it looked around 80.7, but it has not yet formed a breakthrough. The recovery range in late trading was within 80.0, and the daily closing line had an upper shadow line, which is still in the stage of shock and rise. At this stage, it is...
Hello everyone! Here's my take on WTI: OTE (Optimal Trade Entry) Liquidity uptake. An interesting zone. An optimal Fibonacci. No counter-trend. 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
📊 Analysis on WTI: 👉 We're at an OTE (Optimal Trade Entry) 👉 Correction is underway 👉 A SOLID Order Block 👉 We're following the trend 👉 Targeting Liquidity $ 🚀 If you liked it, don't forget to boost
Hey there! I'm Buying on WTI: (Second trade) -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We have an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We are with the trend. 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment
🛢 CL OIL, H4 🛢 8 March 2024 Oil prices have faced challenges in sustaining upward momentum, despite factors that traditionally might boost prices, such as the easing strength of the dollar and potential dovish policy shifts from the Federal Reserve. However, there was a slight rebound in oil prices in the latest trading session, attributable to a temporary supply...
Here is our detailed technical review for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 78.57. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 80.50 level. P.S We determine...
Crude Oil is trading in a bullish trend. The price retraced to a solid vertical trend line on a daily. After its test, I spotted a confirmed bullish breakout of a resistance line of a falling channel on an hourly time frame. I think that bullish rally may resume soon. Goals: 78.0 / 80.6 ❤️Please, support my work with like, thank you!❤️
My bias all week has been for oil to trade to the PWH. So far, I've been given no trigger to get involved. However, end of NY session saw H4 candle bullish closing disrespecting bearish arrays. I want to see these levels respected as bullish arrays to then look for m15 bullish displacement long entry.