Crude Oil Technical Analysis Daily resistance is 82-83, support below is 80.45 Four-hour resistance is 82.5, support below is 80.5 ✅Crude oil operation suggestions: Crude oil prices edged higher as a weaker dollar and renewed geopolitical tensions in the Middle East and Eastern Europe heightened concerns about supply disruptions. Recent Ukrainian attacks on...
On the negative side, sources said that + next week’s meeting is unlikely to make any changes to oil output policy, and the latest data showed that API crude oil inventories increased by 9.337 million barrels, which has revived demand concerns. From a technical point of view, crude oil is trading sideways, and you can sell high and buy low. as the picture...
The weekend was marred by rising tensions in the Middle East and between Russia and Ukraine, raising concerns about tight global supplies. The recent bullish trend of crude oil, the short-term correction is currently supported at the 80.8-80.5 support level As shown in the figure, today's callback can be mainly long. Strategy suggestion: You can buy long...
Crude oil technical aspects Daily resistance is 82-83, support below is 80.2 Four-hour resistance is 81.5, support below is 80.2 Crude oil operation suggestions: Crude oil prices are facing certain selling pressure. From the daily chart level, oil prices have fallen back and adjusted after reaching a new high of 83. The strength of its pullback is limited. Pay...
Crude oil experienced a short-term correction as Russian government-ordered curbs on oil production and attacks on Russian and Ukrainian energy infrastructure offset U.N. demands for a ceasefire in Gaza. The bullish signal given yesterday was also in line with expectations. You can still continue to go long after today's correction. As shown in the chart,...
usoil buy81.2-81.4 tp82-82.3 sl80.5
USOil exhibits a break of market structure on the 4-hour timeframe. We anticipate a retracement towards the 61.8% Fibonacci level, presenting a potential long entry opportunity. Set stop losses below the previous swing low and target the previous high.
I wanted to bring to your attention the latest trend in the oil market - prices are on the rise due to recent attacks on refineries in Russia. These attacks have caused disruptions in the supply chain, leading to an increase in oil prices. This presents a great opportunity for you to capitalize on this trend and make some significant profits by going long on...
The trading opportunities for oil are not very big at present, but mainly fluctuate within a narrow range. After the news boosted strength. The price is still fluctuating around 81. I made a profit by buying oil prices around 80.7 in the morning, and the U.S. market is about to begin, judging from the 1-hour trend chart. The trend is still mainly bullish. MA is...
Let’s first look at the support in the 80.5-80.2 range. If the support is valid, go long. The indicators are now more favorable to shorts, with resistance around 81.3. If it falls below 80.2, there will be a small rebound, but 80.5-80.8 will become strong resistance, so the risk of shorting is smaller and the profit opportunity is greater.
The rise in crude oil has ended, and $82 has become the end point of this rise. We will continue to short crude oil, currently focusing on $76 I send accurate signals every day while providing the most professional guidance!
USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced, and a bearish reversal could occur at any time. Trade cautiously, prioritize risk management, and remember – this is not financial advice.
I posted a trade idea a few moments ago, this is the video explaining my idea. There are important points in the video that are noteworthy. USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced,...
Dear Traders, Hope you are doing great, US OIL has been extremely bullish since our last three entries and there is huge chance that we can get fourth entry on the point. There is gap spotted and in our view price can fill the area and bounce straight up from that region. Please use accurate risk management and take entry accordingly. Please like and comment for more.
**Monthly Chart** Last month's candle closed Bullish suggesting the trend to continue moving higher towards testing MC level of Oct 2023 at around 90 level. This month candle continues the bullish move and now moving near the low of Oct 2023 bearish MC at around 80.79 level. If the price is able to break this level, then next target will be around 90 level. ...
The oil keeps breaking higher high bullish market structure you can take trades on a retracement at 1 hour, 15 min timeframe until market respects higher low
USOIL is trending up on the 4H time frame, we are looking for an entry point at the 61.8% retracement level with targets being the current price swing high and a 50% measured move. SL below the previous swing low.
West Texas Intermediate US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day. Formally unified as a republic in May of 1990, Yemen has become the main character in the continued story of oil prices....