What do you think? RBD = Rally Base Rally Supply Zone LQP = Liquidity Pool
Crude Oil prices are still extremely undervalued. We've been seeing buying accumulation happen for majority of 2023. We've just seen ANOTHER 17% bullish rejection from our demand zone. Buyers still holding strong in 2024.
(Reuters) -Oil prices slipped by around 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals. Brent futures for December delivery declined 99 cents, or 1.09%, to $89.72 a barrel by 0549 GMT, while U.S. West Texas Intermediate crude (WTI), fell 78...
🛢USDWTI H4 We were following this yesterday and the volume surrounding data points as the NA session came into play caused some noise. We are starting to stablise at and around that 71.50/72.00/b price. We have a clear hourly rejection sequence. So maybe active price can see us short down to $70.50 and then beyond towards that $69.50 price.
USDWTI H4 🛢 Even after Saudi cuts, WTI is still trading within our range, expecting more headlines regarding OPEC+ and cuts this week and the next 🇸🇦 The range for the moment seems to be holding nicely between $69.50/b and $73.50/b with the exception of the market gap. Longs from $69.50 would be attractive, as there are talks of Saudi looking to boost the...
Basing this trade off of a trendline touch on the weekly timeframe and the weekly 100EMA being aligned. Coupled with the previous high made on XTI's downtrend, makes for solid confluences for an intraday short. I am not expecting crazy pips from the zone but will have a modest target as Friday is profit taking day for institutes. Stops at 43 pips and full tp at...
Oil news was bearish in particular (11.01.2023) with a very large supply increase at the EIA. However market rallied and took out many short positioned traders. We anticipated this and remained neutral. For now, we see a possible rise into the impending CPI news to take out more liquidity before the continuation of downtrend for USOIL.
Trade Wars, Short Sell on XTIUSD on the basis of different principles.
Oil prices fell sharply on Wednesday (September 7th), slipping below levels seen before Russia's invasion of Ukraine as dismal Chinese trade data and growing fears of a global economic recession hurt fuel demand. West Texas Intermediate (WTI) oil futures for October delivery plunged US$4.94 or 5.7 percent. With lower prices this time it is a good opportunity to...
Good Morning Trader's ,, How Are You Today ? Let's Explain Together "USOIL" Chart And Reasons To BUY From This Area ! 1- What Is The Trend For USOIL ? Now ,, It's In Down Trend ,, We Have Break Out Trend Line And Channel And Wait To Break Out Resistance Area To Enter Buy 2- Why We Will BUY From This Area ? Trend Line Break Out - Channel Break Out - Gann...
TF 1 DAY Xtiusd oil Short around 105-107 For the target area of Tp1 100 Tp2 98 Tp3 96 Double Top Neck Line Breakout at 92 Next levels are 90 - 88 - 85 - 82 - 80 - 76
USDWTI H4 We are almost reaching the end of this trading setup, eventual target was, or is... $84.50/barrel. This ties in nicely with our D1 S/R zone as indicated on the video analysis above. Interested to see where we go from here.
USoil trading around 90$ it can go for new high around 154$ it just my own research and 6th sense analysis :)
Crude Oil is trading on a crucial support near 93 region. If this support is broken next supports are 84 and 76 respectively. There might not be a sudden break its price might distribute here for some time.
Pair Name : USOIL Time Frame : 15 Min Analysis Type : Scalping Trade -------------------------------------- ➡️ Main Support Level : 92.400 ➡️ Main Resistance Level : 98.250 ➡️ Time To Entry : After Break Out The Area And Test it ➡️ Target : 91.00 - 88.00 - 85.00
USDWTI H4 Another bearish wave incoming as we have just seen a little spike in the USD taking us above 107.00. Little bit of support incoming at $96.50/b. But near term targets still sit at lows of $90/b.
Hi Again, Take a look at the chart and tell me what you think. I made 158 pips in front of live audience yesterday (27-Jun). Join me during my live trading session to benefit from these moves. Live Trading Session starts at 8:45AM EST. Kings
Pair Name : USOIL Time Frame : 30 Min Analysis Type : Scalping Trade -------------------------------------- ➡️ Main Support Level : 100 ➡️ Main Resistance Level : 120 ➡️ Time To Entry : After Break Out The Area And Test it ➡️ Target : 116 - 118 - 120 ➡️ Stop Lose : 150 Pips After Break Out And Test