The WTI oil price has surpassed $73 as investors exercise caution amid escalating tensions in the Middle East. Concerns about potential new attacks by Iran-backed Houthi rebels on commercial shipments in the Red Sea, including U.S. vessels, are contributing to a perception of tightness in the oil supply. However, softer economic data from China in the third...
At present, the resistance here at Oil 73 is very strong, and there has been no breakthrough many times. Usoil:sell72.8-73 TP:72.3-72-71.7 SL:73.2 For short-term trading, join me and I will continue to analyze
Please, check the important key levels on ⚠️WTI Crude Oil. Support 1: 69.3 - 70.4 area Support 2: 67.7 - 68.7 area Resistance 1: 75.2 - 76.2 area Resistance 2: 78.5 - 79.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Analysis of West Texas oil in the short and medium term The market is in the upward correction wave ABC, which is currently in wave B and can move towards $78 and $80 as wave C. The most important support is 72 dollars
WTI Oil (USOIL) is under a heavy technical squeeze as it has been trading for days within the 1D MA50 (blue trend-line as Resistance) and the 1W MA200 (red trend-line as Support) and the width has now gotten extremely tight that a break-out is inevitable. The very same squeeze was last spotted on July 03 2023, when the price marginally broke above the 1D MA50 but...
On the 1H chart the Crude oil is forming a potential Inverse Head and Shoulders. What is more important about it is that it's happening after a retest of a bigger symmetrical triangle. I am leaving the link toward the 4H oil analysis so that you can see the bigger picture:
For the few years there has been a close correlation between the US Dollar Index, US Treasury Yields, US Oil, and The Volatility Index, as of right now all are forming similar accumulation patterns, with the DXY, and Oil both sitting at the PCZ of a potential Bullish 5-0 at the 50% Retrace after breaking above its trend and the US10 Year yield sitting at the 61.8...
International crude oil futures rose 1% last Friday. Although they rose, they could not erase last week's decline. Last month, OPEC and its allies pledged to cut production by 2.2 million barrels per day in the first quarter of 2024. After oil prices surged sharply last Friday (January 12), they gave back all their gains, which means that short sellers may make...
Oil fell below the important support range of 71.7-72 Usoil:sell71.7-72 TP:71.3-71 SL:72.2 Follow the trend and trade, join me and I will continue my analysis
Our overview: Jitter due to the Red Sea tension persist. CoT released Friday "net long positions" report, showing an increasing long positions in futures and decreasing in options by the "non commercial". This could suggest that the market could be close to an upward movement of the price. Waiting for market mover data and news. Trends analysis:...
Strong Red TrapZone and Red UMVD for Oil futures, We are going down even further.
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Oil has risen amid fears of potential supply disruptions amid recent criticism of Yemen's Houthi rebels over a UN resolution on Red Sea navigation Usoil:buy73.6-74.05 TP:74.5-75 Now that it has broken through the recent range, follow the trend in the short term. Join me and I will continue to analyze how to trade
ased 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...
#GBPAUD Prediction Hey team hope you all are enjoying our ideas and analysis of. Now we are here to discuss about GBPAUD. GBPAUD has completed the retesting period. Now this is at a strong resistance level. Here we can see good downtrend again. In this drop we can see gain upto 500Pips+. When market will open we will update further with Proper Chart TP and SL.
My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 74.00 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' csellonvergence. Goal - 72.71 About Used Indicators: The pivot point itself is...
You can see clearly the up trend in oil. I want to take entry from demand zone in chart
In the upcoming week, our attention turns to USOIL as we contemplate a buying opportunity around the 71.80 zone. To form a well-rounded perspective, it's crucial to consider both fundamental and technical aspects. From a fundamental standpoint, the recent dynamics in the oil market warrant careful consideration. Geopolitical tensions, supply and demand...