hello everyone, USoil pulled back from the main resistance level, Monthly bar started of bearish weekly: good confirmation of overall price is bearish Price could fall to support level 1 or 2... for entry try getting as highest as possible good luck
For the WTI index, we see a strong support of $65-68. Due to the positive divergence with the power oscillator at this floor, it can have a growth up to $76 and then have a correction up to the $70 band. According to the February period, it can grow to the level of 80-82 dollars and will move towards 89 dollars in a higher time period.
✅CRUDE OIL went up recently But the price will soon hit a Falling resistance line from Where a local move down Is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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Hello Traders, Base on technical and wave analysis we see this scenario for #BitCoin for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
WTI oil (USOUSD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 72.687 Why we like it: There is an overlap resistance level Stop Loss: 74.111 Why we like it: There is an overlap resistance that lies above the 50.0% Fibonacci retracement level Take Profit: 67.958 Why we...
WTI oil (USOIL) is trading close to an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 72.264 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 75.089 which is a level that aligns with the 61.8% Fibonacci retracement level and sits above an overlap...
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...
Crude Oil is currently testing a solid horizontal supply area on a daily. Analyzing a 4H time frame, we can spot that the market is currently weak & consolidating. I see an example of a classic inside bar formation. 71.4 is the lower boundary of the range of the mother bar. Its breakout - a 4h candle close below will be a strong bearish confirmation. A...
Hello,Traders! CRUDE OIL keeps falling in a Strong downtrend but it is Oversold at this point so After it retests the strong Horizontal support below At 66.96$ we are likely To see a bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dear colleagues, after analyzing the chart I realized that wave 5 has either already ended or will end soon. The price can still reach the support area of 68.06, but I will consider only long positions with the aim to reach the resistance area of 74.15. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
With recent market dynamics, the oil trading landscape has witnessed significant shifts, presenting traders with lucrative opportunities. Here are actionable strategies tailored to capitalize on these developments. 1. Fed's Dovish Stance and Demand Surge: The Federal Reserve's dovish outlook coupled with the International Energy Agency's upgraded oil demand...
Hello,Traders! CRUDE OIL is making a bullish Correction while trading in a Downtrend so we are bearish Biased and I think that after The price hits the horizontal Resistance above at 73.50$ We will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly...
USOUSD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 67.038 Why we like it: There is a pullback support level Stop Loss: 64.192 Why we like it: There is a multi-swing-low support level Take Profit: 72.437 Why we like it: There is a pullback resistance level Please be advised...
Last week, West Texas Intermediate crude oil reached our price target of $70 and slid as low as $68.83 per barrel. After this route, USOIL has slightly rebounded and currently trades near the $71.50 price tag. In the very short term, we acknowledge a potential for the price to continue higher. Indeed, this would be consistent with a natural occurrence of the price...
WTI Crude Oil is rebounding after breaching marginally under the 0.786 Fibonacci. That is the retracement level of the ranged price action long-term in the last 12 months. Symmetrically, it is a strong rebound level as witnessed on the December 9th 2022 low. Trading Plan: 1. Buy on the current market price. Targets: 1. 77.50 (projected contact with the MA50...
The price of USOIL is edging toward $70 per barrel, which is our price target for 2024. However, it is becoming increasingly possible that we will see this price taken out even by the end of the current year. With that said, we want to raise another price target for the next year, valued at $65 per barrel. Illustration 1.01 The monthly graph above shows the...