Dear Traders, Oil completed AB=CD pattern and it is in course of big bullish move. We need more liquidity and volume for price to continue the growth. In coming days, we expect price to hit 85 first and then 90; if price breakthrough that region then we will have a strong bullish price movement which will lead price to hit our final target. Good luck and happy trading.
Crude Oil Technical Analysis Daily resistance is 79.7-83.6, support below is 76.8-75 Four-hour resistance is 78.6-79.7, support below is 76.8 Crude oil operation suggestions: Last Friday, the overall oil price fell under pressure from the 79.9 mark. The overall price appeared to be suppressed and encountered resistance at the 79.9 mark. There is still room for...
1D Bullish price action and strong uptrend trend line and Fibonacci level 0.618 is crossing on the one line. As you can see, USDOIL appears to be bullish, so it's better to seek long-term trading opportunities. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before making your own trading decision.
I love this Oil long chance here, Aiming for 87-90 area or anywhere in the rectangle. Conservative traders can wait for a break of the channel to get long. I will do the same.
📊 Due to the reduction of selling pressure in the market, if the range of 80.5 units is broken upwards and the price stabilizes above it, the price may increase to the range of 82.0 units🎯, and in the case of the strength of the range of 84.0 units🎯🎯. 📊 Otherwise, the price may fall to the range of 76.0 units.
🛢️📉 USOIL Market Update: Cup and Handle Breakdown! 📉🛢️ TVC:USOIL Attention, traders! USOIL has shown a pivotal development at the top of its uptrend with the formation of a cup and handle chart pattern. We've now observed a breakdown of the handle, accompanied by an increase in volume, signaling a strong entry point for the selling side. Key Details: -...
I expect oil to rise in the next few weeks. On the daily chart we see liquidity (circles) and a very very strong saport at 77.40. I expect oil to start rising from 78.09 or the aforementioned 77.40. At each level I will watch the Order Flow Chart. in case you don't have O.F.CH. so watch the level if the price closes above or below the level it will tell you if the...
WTI oil (USOIL) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 78.02 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 76.60 which is a level that lies underneath a swing-low support. Take profit is at 79.87 which is a pullback resistance that...
My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 78.13 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 78.81 About Used Indicators: Pivot points are a great...
WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 79.82 which is a pullback resistance. Stop loss is at 81.06 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 77.67 which is a pullback support. High Risk...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell USOIL. ❤️ Please, support our work with like & comment! ❤️
We are starting to see the early signs of seasonal tendencies across all markets. Price took out the 76.84 low (Turtle soup) on which it is acting as a support currently. The consolidation we are currently in will most likely be broken in the next week and we will look for an entry long on the lower TF as well. Target 1 coming in at 82.05, Target 2 at 84.42 and...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 77.70 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 77.70 support and resistance area. Trade safe, Joe.
The USOIL has recently signaled a bearish breakout from its previously bullish channel. Additionally, there's notable evidence of selling pressure around a highlighted resistance level, suggesting a reversal in trend. As a result, we anticipate a continuation of the bearish trend towards a significant support level, which has previously shown considerable buying interest.
Oil prices are currently back at low levels, supported by the June production cut agreement. In the short term, buying is still the main focus, taking the price of tradingview as an example. 78.2-78.5 is used as the buying range. The target can be set at 79.6-80.5.
Double top form, sell, the first tp point is the previous low near 77.9, if the previous low support is invalid, after falling below, the second take profit is 77.2, if the previous low support is valid, close all orders.