Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Pivot 78.75 Our preference Long positions above 78.75 with targets at 79.95 & 80.40 in extension. Alternative scenario Below 78.75 look for further downside with 78.30 & 77.80 as targets. Comment The next resistances are at 79.95 and then at 80.40. Supports and resistances 80.95 80.40 79.95 79.30 Last 78.75 78.30 77.80 Number of asterisks...
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The structure and momentum is good. Oil reversed after the news and showing signs of a new trend also IRAQ cut their supply which in turn will affect global oil supply.
WTI oil is rising towards a resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 80.06 Why we like it: There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement. Stop loss: 81.56 Why we like it: There is a pullback resistance...
If you are a friend who likes to trade oil, you can do a rebound at 77.5-77.8. Combined with the trend channel, oil will rebound to a certain extent after falling. For ultra-short-term trading, you can also buy to earn the difference. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the...
BLACKBULL:WTI TVC:USOIL FOREXCOM:USOIL FX:USOIL GBEBROKERS:USOIL The overall trend of oil is still rebounding from a decline. The upward pressure currently existing above is at 80.56. However, the market never starts to rise after a rough bottoming, so the operation is still based on the reference conditions of yesterday's high and then the market...
In terms of oil, after the news of substantial persistence came to light. Oil prices have been trending downward. This is true in the medium term and also in the short term. Currently, the top of 79 serves as a pressure position and is a good selling point. The small-level target below is around the price of 77.5. Operations are still focused on selling. In...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.450 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 75.600 which is a level that lies underneath a pullback support. Take profit is at 79.900 which is an overlap resistance
Oil fundamentals by seeking alpha i cant copy and paste go and see the article and diagram for yourself seekingalpha.com
If oil can establish itself in this green zone, which is a strong support, we will see an increase in the price in the coming days and weeks. The most distant target we see for this will be $186.32 and $193.48, which will support higher prices. It will be the following information. If it breaks this support, it can correct up to the prices of 73 dollars and also...
Could this be the next BULL RUN for USOIL? Based on pric action, the market is reacting to a major level which is just situated nicely at the 0.618 FI level. Possible for this market to head up based on the 4hr bullish presence
Could this be a possible SELL for USOIL? From my own point of view I still see the trend is still bearish. Currently the market is testing Fib area, we could possibly see selling pressure to the downside. Let's see how this will Play out.
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...
Hello everyone, WTI Oil 4H NEW FORECAST The price of oil is showing more upward tendency to approach the pivotal resistance at 79.50, which represents one end of the sideways range that dominates the recent trading, in addition to the support at 77.64, where we still expect the sideways tendency to dominate the intraday trading until the price is able to exceed...
As price hit support area expect to rise pls like for support thank you
Here is the idea of scenraio I am looking for on USOIL for the next days. My entry will be around $78.0 for a upside move. Prices don't have to break the previous low otherwise my idea will be canceled. Great Trade !
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.