Since the eruption of the war between Hamas and Israel in early October 2023, we have been occasionally reporting on some of the developments in the oil-rich region. In one of the more recent articles, we outlined how Israel’s deadly airstrike against Iranian generals in Damascus, Syria, was likely to provoke retaliation from Iran and its proxies. On Saturday,...
WTI has recently broken out from daily bearish trendline and i expect a bullish continuation in the next few days. It's going to complete a retest of the trendline and the level it's actually playing is also an important support zone. Target $94
Oil prices have once again surged, reaching nearly $88.00 per barrel, despite a recent minor decline. This uptick in prices is occurring amidst a backdrop of geopolitical tensions and a strengthening US Dollar. However, amidst this volatility, it's essential to dissect the various factors influencing oil prices, from geopolitical unrest to economic forecasts and...
As you can see, the price reached a daily bearish FVG and had a bearish reaction, so we are looking for a sell position.
I am searching for a premium entry, there is buy-side liquidity below FVG which aligns with the balance price range.
Until we don't close the candle body above the Daily FVG, I am bearish.
💡Wait for the update!
🗓️15/04/2024
🔎 DYOR
💌It is...
Despite Iran's attack on Israel, the prices of Brent and WTI crude oil remained stable. However, in the event of a reciprocal response from Israel to Iran within the next 24 hours, the price of oil is expected to make a significant upward jump from its long-term trend line.
Currently, the price of WTI crude oil is within its supportive range on the 4-hour...
WTI crude oil prices rose choppily despite a somewhat downbeat inventory report from the U.S. Energy Information Administration (EIA) and a stronger-than-expected March consumer price index (CPI) report (which may further delay the Federal Reserve's first rate cut). The current geopolitical environment continues to provide support for oil prices.
Crude oil...
Today's focus: Oil
Pattern – Continuation?
Support – 85.38
Resistance – 87.37
Hi, traders; thanks for tuning in for today's update. Today, we are looking at oil on the daily.
After a surge from the USD caught a lot of attention yesterday, we are watching oil after it rejected a push lower by sellers and continues to hold in a potential continuation type...
First prediction on XTIUSD turned out to be a successful one where take profit '1' hit . successfully which gave us nice 900 pips in profit. Now we are looking at the broader picture on XTIUSD, targeting 96.00 region which remain crucial for many traders. Price is at the right zone to enter swing, take entry with accurate stop loss that suits your trading style....
Dear Traders,
Hope you are doing great, US OIL we can see a strong bullish impulse in coming months, in coming months we can target US OIL to hit 79.00 region first then $85.. and final target will be $100. Plus, wait for price to breakthrough the bearish trend line and once it does you can take safe entry. If you want to take higher risk you can enter now with a...
We are pleased to inform you that our previous four setups on XTIUSD have been successfully respected. We maintain our belief that our initial target of $100 is highly achievable. The price has rebounded effectively from our initial concept. At this juncture, we anticipate a minor correction before the price reaches our designated area. Our immediate target is...
West Texas Intermediate crude oil has increased nearly 20% since the start of 2024 and is currently trading near $86.50 per barrel. The precarious situation in the Red Sea, production cuts by OPEC (and its allies), and the inability of the United States to bring more production online fast enough have greatly contributed to the rising oil prices in the past four...
