U.S. oil first fluctuated within a very narrow range, and U.S. oil rose again wildly during the European session, and the pressure was measured above 84. Although U.S. oil is strong again, this trend is extremely abnormal, and technically does not support this extreme upward state. Instead, we should pay attention to whether the follow-up bulls can continue to...
From the online point of view, there are signs of closure. The price has retreated sharply after encountering resistance near the upper rail. At present, it can only be regarded as an adjustment during the previous rise. The price will not just go down directly. It is expected that the short-term will be around 80 The dollar is consolidating around. With an...
It seems that the given 79 first-line long order has successfully reached the target position. Although the price fell back after a short-term surge, it does not mean that this wave of bulls is over. The U.S. economy performed strongly in the second quarter, and the economic growth outlook is bullish again. Coupled with optimistic demand expectations, crude oil...
We expect a rejection at 61.8 of fibonacci to start a downtrend move. Make sure you do your own analysis, this is just an idea
The panic brought about by successive bank bankruptcy, the market expects that the European economy will enter a recession, and the demand will drop sharply, leading to a general decline in commodities. Crude oil has fallen below $70 yesterday. If it falls below $60, it is expected to continue to fall to around $43 , which is very large space. If the...
TVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend. Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed...
OIL broke through the resistance around 69.8-70 yesterday, and the resistance has now turned into support. The new resistance is around 70.8. If the support does not break, you can go long USOIL. The first TP will continue to be placed at 70.7 yesterday's TP. If Break through 70.8, the next TP target is 71.2-72.4. SL temporarily set to 69.47 I have...
USOIL may make the same bearish move for a third time on the monthly. If it does complete the move and get to the 618 zone we can begin looking for the LONG.
USOIL made a massive move after the pandemic and it's now moving in a range. It's currently trading in the resistance zone. Based on previous price action, it seems like it will complete this Head and Shoulders pattern over the next few weeks. But it's quite possible that it will continue its move upward after completing this pattern because there are fewer...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
My bias is long on usoil. The 4H chart shows my idea on getting into the trade. My view on the trend is bullish based on the daily and weekly charts. Other important infos that I looked on are the 2 hammers with long tails indicating buying pressure laying on the previous resistance level way back in 2015. My opinion is that the resistance level has been broken...
In daily Candle USOIL LOOK Like going to downside but in 4 hour it create continue pattern ( triangle ) if break this triangle this going to up ,, stop loss below 51.60 buy at traingle breakout and tp is 54 Trade with care and happy trading Good luck like , comment , Subcribe if you like our idea
As seen on Latest Trend of Bearish on USOIL, it show a Bearish continuation pattern, but in my opinion, this trend will sure hit the bottom deck of it. soon... In my "Prediction" the price action will push to resistance point on 47.00 , if break is seen here, it show the possibility of bullish, on 45.75-46.00 if its break below, then the bullish is false. but if...
Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing...