The core bias remains for a move up to $77, but as price action during the current rally on the 1-hour chart is choppy and has stalled near resistance, we're looking for a dip lower to around $73. Also note that the weekly and monthly pivot points are hovering above the 10/20-day EMAs, which adds conviction that an interim top may be about to form.
Navigating the Oil Market: Current Trends and Future Outlook The recent two-week rally in WTI oil prices seems to have hit a pause, prompting a closer examination of the US oil market, China's economic activities, and the global supply side of the oil sector. In this report, we will delve into the factors influencing WTI prices, evaluate its future trajectory,...
Hello guys , it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf. if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity . Update the PULLBACK was done exactly as expected am waiting for...
Trading Setup: There is a Trading Signal to Sell in WTI Crude Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 76.9 ⭕️SL@ 77.96 🔵TP1@ 74.2 🔵TP2@ 72.5 🔵TP3@ 69.7 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs,...
Price action has been very choppy on the daily crude oil chart, but if we place a line chart over the top is shows prices are trying to break out of a small triangle / pennant. Whilst these are usually expected to be continuation pattern, they can also make decent reversal pattern. And this case, we've see prices hold above $70 on a closing basis, and the lower...
🔴 Oil jumped as the US and its allies launched airstrikes against Houthi rebels in Yemen, retaliating for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway. President Joe Biden said strikes had been conducted against a number of targets used by the Iran-backed group, with US officials saying radar sites and...
Hello guys , it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf. if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity . lets wait and see !
Brent oil last trading week completed its bullish structure, and thus indicating the potential for price to exceed $90 in the coming days. The market has witnessed the formation of a bullish structure characterised by higher-low and higher-high, signifying a positive momentum in the oil market. N.B! - UKOIL price might not follow drawn lines . Actual price...
Hi Traders! A symmetrical triangle is forming on the USOIL 1D chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the...
Possible rise in price of WTI. Price has currently made 3 impulsive moves to the downside creating a confirmed downtrend. On the 4H price made a HH, signifying change of trend and now it has recent retraced back and i'm anticipating bullish impulsive move
The West Texas Intermediate crude oil has trended mostly sideways for over a month, moving between $68 and $75 per barrel. Yet, while the situation in the Middle East and the Red Sea continues to deteriorate, the oil market keeps growing increasingly ignorant of the dangers of a broader war in the region that could further disrupt the transit of goods and oil...
Hello Traders! This is my idea related to USOIL H1. I see that WTI set a new WH and I expect a bearish move to close the FVG H1. If confirmed, it's a good opportunity to execute a Short Trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
WTI retested on the FVG or Demand zone between 70.55 to 71.16, ICT requirements filled, LG and ChoCh, today retesting on the demand zone. This structure happened inside the 8H ICT Long setup performed and about its FVG. It is a multiple timeframes and top-down ICT Long setup together. Looking forward to have some news event for Boosting up to next Key...
sell from 72.250_72.150 stop loss close two 1H candle above 72.250 target 70.5_70 Capital Management Recommended
😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective move is filled POi, now impulsive is starting 🟢 Inducement: Done 🟢 Pull Back: 1st and deep 🟢 Internal Structure: Bearish 🟢 Ext OB: Mitigated 🟢 Supply, Distribution, Rejection: Trendline broke, trend line Breakout/CIP done 🟢...
#WTI_Oil (West Texas) 🇺🇸 4-Hour Timeframe, bearish 📉 and bullish 📈 scenarios 😃 👉First: Bearish Scenario 📉 through Wave 5 of a bearish impulse wave, which needs breaking below 69.342 level for confirmation. 👉Second: Bullish Scenario 📈 through an impulsive wave after completing a Double Three Pattern, which needs to break through 76.188 level for confirmation.
WTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported....