Hello,Friends! We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 70.56 level. ✅LIKE AND COMMENT MY IDEAS✅
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Price retest of 73.865 area, New York Session open await pullbacks to POi. 1hr time frame price rejection, 1 min entry after Price ChoC, and Break of structural low. TakeProfit : 72.515 (1.272 Fib Extension)
Here are the important key levels & structures to watch next week on WTI 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!❤️
In today's trading session, our attention is directed towards USOIL, specifically looking for a buying opportunity around the 73 zone. USOIL, currently in an uptrend, is undergoing a correction phase and nearing the trend at the 73 support and resistance area. Adding a fundamental layer to our analysis, the ongoing geopolitical tensions in the Middle East,...
US CRUDE OIL New forecast Oil price is trading positively, breaching the 72.90 level after failing to hold below the 70.82 level, and now it is trying to consolidate above the 73.88 level, providing signs of activating the positive scenario for the rest of the day, on its way to visiting the 75.06 levels, then 76.77, and 78.00 as the next main...
West Texas crude oil 4-hour and mid-term time frame analysis The possibility of the formation of ABC corrective wave, which is currently expected to be in wave B, and after the end of the range, it will continue to rise towards the number and range of $78 and $80 as wave C. The main and important support number and range is $70.70.
There is resistance near 73.7 above crude oil during the day. The recent instability in the Middle East is still the dominant factor in crude oil fluctuations. Below, focus on the support of 70.50. The trend of crude oil is still biased towards shock. Member complete signal will be updated later
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 71.194 which is a pullback support that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 69.900 which is a level that sits under a swing-low support and the 78.6% Fibonacci projection level. Take profit is at...
Oil has been creeping up lately. Today it triggered a bullish intraday pattern. This intraday pattern if completes, sets up for a larger bullish daily chart pattern. If this breakout in oil happens were going to see some energy stocks make moves liek the Semiconductors did today. Many names like RIG, XOM, HAL, XLE put in daily bottoming tails. Some energy...
Brent oil ABC wave The beginning of the rising wave C Main support $77 Target 83 and 85 dollars It's not beautiful...!
West Texas Oil ABC wave The beginning of the rising wave C Main support $72 Target 78 and 80 dollars It's not beautiful...!
The range of oil is 70-75. It rose strongly yesterday. Trade following the trend. Usoil:buy72.3-72.8 TP:73.3-73.5-73.9 SL:71.9 Join me and I will analyze my strategies every day and help you how to trade
The West Texas Intermediate (WTI) price stands at around $72.70 per barrel during Thursday's Asian session, highlighting an upward trend supported by optimism generated by the Organization of the Petroleum Exporting Countries (OPEC). OPEC's monthly report anticipates robust growth in oil demand for 2024 and 2025, forecasting an increase of 2.25 million barrels per...
Preferred direction: SELL Comment: Sell-deal by oil is also relevant. Recent events in the OPEC arena did not have a positive impact on oil, and the decline continued. At the moment, the transaction has been moved to breakeven, and part of the profit has been fixed. However, on Thursday, there is a good opportunity to take a closer look at short-term...
It looks like Crude oil experienced a sharp drop lately followed by a strong reversal. This creates an opportunity for trading the retracement that will probably happen if the resistance proves to be strong enough. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
Pair : US Oil Description : Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line. Completed " 12345 " Impulsive and Making its Correction. EXP FIAT in Short Time Frame and Rejection from Upper Trend Line. Divergence and BOS
Hello,Friends! We are going long on the USOIL with the target of 72.07 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅