💹 Forex Quick Check: #USOIL 📉 Trend: Bearish 🚀 Action: SHORT @ 78.83 🎯 TP: VIP ROOM 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #USOIL. #USOIL will go down soon. Reason behind to this is that it reached to a most sell zone. We will enter in trade after looking any confirmation according to the LTF. 📊 Time Frame: 4...
Momentum has clearly been in favour of bears over the past week for WTI traders, but given it has fallen over 10% from the January high it could be argued the move is oversold (at least over the near term). A doji formed on Monday to show bears are losing their grip, and the fact it is forming a base above the 2023 open price and $72 handle adds to the case for...
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.
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 !
Analysis of West Texas oil in the short and medium term The market is in the upward correction wave ABC, which is currently in wave B and can move towards $78 and $80 as wave C. The most important support is 72 dollars
WTICOUSD - 24h expiry Previous resistance level of 75.34 broken. Intraday, and we are between bespoke support and resistance 73.51-77.10. The sequence for trading is higher highs and lows. There is scope for mild selling at the open but losses should be limited. The medium term bias remains bullish. We look to Buy at 75.00 (stop at 74.20) Our profit...
In weekly TF we have a CHoCH to the up. In daily TF we're in the pull back of the weekly TF, so we're in a down trend. In 4H TF we had a BOS of previous low and now we're in a pull back to the up. I think these two areas have the most potential to go short. We can set sell limit orders but for more confirmation we can wait for a CHoCH in lower TF(Like 5min TF) and...
oil is going down. bull flag with a lower break to liq early buyers. buy around 77.00 with a 1.5 to 2 dollat stoploss. risk 2 or 3 % and get funded withing this one trade. war is good for oil
We saw the pullback into the support area we were waiting for, around the 200-dar EMA on the 4hour chart and weekly pivot point. A bullish engulfing candle also formed at the end of the session, and whilst prices have gapped lower at the open, we're now looking to enter long and target the resistance zone around $90.
Israel-Hamas Conflict Fuels Uncertainty in Crude Market. Oil prices rise amid Israel-Hamas conflict, with risks of surpassing $100 and potential U.S. sanctions on Iran adding to market volatility. 1. The price closed above the Trend Magic Indicator line. Strong long signal. 2. Vortex will cross and indicates strong uptrend signal. SL - below the Trend Magic...
Hello traders , on daily TF USOIL has formed a double bottom reversal pattern and broke its neckline. and also because the tension in the middle east and the current dollar economic situation we might see a bullish move from the neckline maybe back to the 93 level. trade safe !
Bullish backdrop due to lower production and bullish technical factors.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
As the chart shows, US Crude Oil fell below USD 78 yesterday for the first time since July 25. This was facilitated by: → fears of a crisis that could follow from the collapse of the Chinese property developer Evergrande; → alarming PMI data from different economies. Japan reported a contraction in manufacturing activity for the third month in a row. Business...
I like this Crude Oil Scalp Trade Idea around these key fib levels on the 15-minute chart to BUY the dip. Share your thoughts below. Thanks.
Hi We taking a look at oil this week too. Let us know what you think of this setup
As you can see from the complexity of the lines on the chart, I assume the next 2-3 months will be volatile. I have a couple of scenarios for terminal wave C. Both will be difficult to trade since most moves are erratic wxy patterns on lower timeframes.
The count of wave appears to be about complete. The issue with this chart is that the price is very near to the invalidation line (dashed red), but minor wave v of (c) of does not appear to be complete and needs some space to shape a reversal. If the red dashed line is violated I will fall back on the scenario with ABC flat (C is a diagonal)