Crude oil's 4-hour level entanglement has emerged tonight after the second buy. Do more in the direction of the trend after the deduction.
If the price of oil does not find support here, it could easily fall to the $70.00 level to the lower trend line. Down there is bigger support, and from there, the next bullish impulse could start.
Good afternoon - Tag of mth mid 91.99 - from 88.13 watching 89.43 (Long Term Bull/Bear mid level to .382 / 79.98 red/dashed below ) Fib retrace would break down to .18 /mthly 88.13/.618/ 88.01 support test. If a R shoulder bull (IHS) shows up at B then ride it like you own it - keeping an eye out for 8 pm est pivot . Good Luck - keep your stick on the ice...
Monday, 22 August 2022 21: 03 PM (WIB) The price has been falling down so sharply into the strong support area.
We continue our bearish stance on Crude and would like to see recent low being broken through to continue with decline.
#OIL.... market have supporting ar a arround 85.60 That will be market key level and most important area of the week... Because below 85.60 next target will be 68 arround .. Stay sharp guys
Looking for incoming long position on oil, Oil will drop into resistance then either break through and drop or follow the 1h trend and spike up. As soon as we see the signal that oil has touched resistance than I will open a long position with my sl being below resistance. please give any advice as it will help, and you overall opinion on oil and my...
USOIL on the 4h chart bounced over a monthly support. The market after the test of the 86 level is now trading below a minor resistance. How can i approach this scenario? I will wait for the EU market open and if the market will break above i will set a nice long order according to the Plancton's strategy rules. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
A close above 92.20 level may cause bulls to send crude oil price above $100 with a potential reversal level at 98 circa. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
price it all most bounce off , buystacked, push the price up to thickness thinness,when we are coming down, when we moving down some other area top side we had a reversal absorption up here, than moving down, one of the chawhile happening on the other side on the other side your going to see relatively little and mostly because you know primarily we got sellers...
A massive breakout is expected very shortly either upside or downside... stay tuned :)
USOIL holds structure and remains bearish for the start of the week
We've been bearish all last week on WTI, taken shorts on any valid bearish signals and lower highs that were completed. We expect WTI to head down to the low 80$ mark for the time being. Technically there is a big bearish breakout pattern on the 1D chart, where a valid breakout occurred followed by a retest, see attached idea. We continue to remain bearish...
waiting a price to land on our POI to take a long on USOIL so lets wait and see their reaction when tapping on Rejection zone
In this video I breakdown some headlines to look out for that should move the oil market one way or the other. I also run through the USD situation right now and explain how that could create moves in the oil market. Then I run through the chart to show you what I'm looking for to enter a trade.