Expecting price to reach the demand zone. The price is still in its discounted price.. Looking for a Long here
Dear Colleagues, at the moment the price has made a strong downward movement. I suppose that the price is in wave "4" and can continue its movement to the support area of 80.22, but I consider only long positions, because the price can make a reversal at once. I recommend to work with pending orders. The nearest target is the resistance area at 87.47. Manage...
USOIL Looks like this is a bearish connective wave completing here and it will have another wave down. It just printed a Shooting Star shakeout through the very long term trendline which also a 0.5 retracement; that is a very common continuation ratio in moderate corrective trends. If it can get to the 1.13 overshoot ratio of the 1:1 extension then it can hit...
In the 4-hour timeframe, USOIL exhibits a bullish trajectory, marked by an ascending channel formation and the emergence of a bullish flag pattern. An optimal strategy would be to wait for a completion of at least 50% retracement before considering entry, ensuring a more favorable risk-reward ratio. Monitoring key support and resistance levels within this pattern...
Oil prices increased early on Thursday, recovering from a six-week low after a significant 3.6% fall the previous day, which was the lowest point since mid-March. This drop was attributed to an unexpected surge in U.S. stockpiles, indicating softer demand than anticipated. At the same time, market observers have pointed out that the Federal Reserve has kept...
Hello everyone USOIL is experiencing many unstable and doubtful decision being taken in the Middle East and other dependent countries. I think the best strategy is to wait for the trend reaches to the boundaries (Blue Channel) and then decide if your are really interested to get position or conservative strategy is to wait for Blue channel break out (Up or Down)...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. US-OIL QUICK UPDATE. 📚 👉As we can see US-OIL price is still overall bullish making clean higher highs and higher lows trading inside this rising channel. 📚 👉Meanwhile, price started a new correction movement, and price...
Certainly! A bullish rally in US oil prices may have started Target is mentioned on charts.
Crude Oil Technical Analysis Daily resistance is 85.7, support below is 83.4-80 Four-hour resistance is 85.5-85.7, and support below is 83.4-82.5 Crude oil operation advice: Yesterday's volatile market ushered in a deep v bottoming and rebounded. The Asian and European market prices were under pressure and fell back to the 83.3 mark. The US market stepped down...
going forward I would just be looking for shorting Oil price has broking the trend line as you can see this is a Bearish Flag pattern expect a continuation to the downside
Hello,Friends! USOIL pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 81.69...
HELLO FRIENDS As I can see USOIL has Break the triangle zone and now trading above 80$ as we said in our previous analysis, we are more bullish on Gold with Technical and Fundamentals views as we all know the War is still going on and US Gov supporting all his allies with billions of $ and there is no Ceasefire in near term. Iran is now entered in this War Plan...
Hello dear traders, USOIL. We are in a long-term downtrend in our daily analysis. I am waiting for the price to reach the extreme order block to enter a long-term selling position. Liquidity and price reaching the daily order block will create strong selling pressure, leading to a trend change. I have drawn a simple and clear chart of oil that is...
Hey Traders, in the coming week we are monitoring USOIL for a buying opportunity around 82.70 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 82.70 support and resistance area. Trade safe, Joe.
Hello,Traders! CRUDE OIL is going down But will soon hit a rising Support line from where We will be expecting A bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Attention, traders! 📣 **Trade Alert: USOIL Inverse Cup & Handle Pattern** **Pattern:** Inverse Cup & Handle **Current Price:** $81.50 **Selling Zone:** $81.50 **Technical Target:** $77.00 USOIL has formed an inverse cup and handle pattern, indicating a potential trend reversal. The selling zone is identified at $81.50, with a technical target of $77.00....
USOIL is in strong bullish trend. As the market is consistently printing new HHs and HLs. USOil is currently trading in a strong bullish ascending channel and is now retracing after the last HH, which is also the 0.886 Fib retracement level and local support zone as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
Usoil broke out of the ctl inner ctl i am short back to that demand zone as the third touch of the trendline has held and also Fibonacci and minor level with head and shoulder pattern