Amid a quick change in the market sentiment in mid-April 2024 and subsequent weakness in stocks, West Texas Intermediate crude oil (USOIL) retreated from its highs to $78 per barrel. In the process, USOIL broke below the lower bound of the ascending channel, and the daily time frame turned bearish, with MACD crossing below the midpoint, Stochastic falling into the...
Hello,Traders! CRUDE OIL has made a Retest of the rising support Line and it is making A bullish rebound so Our local bullish bias Is confirmed and we will Be expecting a further Bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I wait price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block. Like, comment and subscribe to be in touch with my content!
My dear subscribers, USOIL looks like it will make a good move, and here are the details: The market is trading on 77.93 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 78.62 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
The previous setup i shared about WTI is confirmed and actally is running pretty well. I expect a continuation to the upside till the resistance area at $81.5 before a possible retrace. On lower timeframe we can see a bullish divergence and a break above bearish trendline. Expecting higher
Merry Christmas! Back in June of this year, I gave you a real-time lesson in Oil. I explained how OPEC cuts do not mean it's bullish for oil based on supply cuts. Why? Bc OPEC is telling you there is diminishing demand for oil that was causing the cuts. Not even two ongoing wars could cause oil to spike. Today I will give you a nice and simple Christmas...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.43 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 75.40 which is a level that lies underneath a pullback support. Take profit is at 80.18 which is an overlap resistance. High...
This week, the Japanese Yen is poised to deliver a remarkable performance against the US Dollar. The Yen has surged by over 3% following Japan's intervention to bolster the currency and the Federal Reserve's less hawkish tone. Around 152.00, not only is there a crucial level, but the 55-day Simple Moving Average (SMA) is also nearby, along with a long-term...
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...
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Crude Oil Technical Analysis Daily resistance is 85.7, support below is 83.4-80 Four-hour resistance is 85.5-85.7, and support below is 83.4-82.5 Crude oil operation advice: Yesterday's volatile market ushered in a deep v bottoming and rebounded. The Asian and European market prices were under pressure and fell back to the 83.3 mark. The US market stepped down...
My focus pm this buy comes from oil being oversold and creating a head and shoulders on the higher time frame although selling is the overall outlook buying will be most profitable after seller liquidly is grabbed this is my position I'm looking to take FOREXCOM:AUDUSD FOREXCOM:USOIL
USOIL - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy USOIL Entry - 77.93 Stop - 76.10 Take - 81.31 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
MCX:CRUDEOIL1! Weekly TF Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Recent swing and bigger swings are at crucial level in Fibonacci retracement....
CrudeOil will bounce up at support. The demand has picked up.
#USOIL - well guys market very well placed 79 arround low and that was our targeted area as we discussed in our last idea, that is market very important supporting area as you can see in 4 hour chart history, if market hold that area in that case you can see a bounce from that level, keep close it and only hold your buying positions above that level, good...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.43 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 75.40 which is a level that lies underneath a pullback support. Take profit is at 80.18 which is an overlap resistance. High...