As you see in the chart, the price is retest the trend line and the fib extension 161.8 zone. We'll expect rebound soon to 82.10
WTIOIL approaching 1D OrderBlock Supply Level, Possilble Short Position.
Currently seeing a PB on Oil. Price last week was a massive bearish rally.. All supports was broken, today I will be looking for retest. Starting my week with Oil money.
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.43 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 75.40 which is a level that lies underneath a pullback support. Take profit is at 80.18 which is an overlap resistance. High...
Oil prices fell for three consecutive trading days. Positive news from Hamas interrupted WTI oil's rise to $80. The U.S. dollar index held above 105.50 and was flat ahead of weekly jobless claims. Looking at the daily chart of crude oil, oil prices have been falling continuously during the week, causing the 55-day moving average to be broken below, and the...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
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...
As mentioned before, Crude Oil is going to find lows very soon. I believe we are in a WAVE C of a correction, and need to finish 5 waves within that C, as labeled in the chart. After we get this finish, it is very safe to say crude oil has found a low for some time. Regardless of Elliot wave, we need to get in via confirmation. That means at the minimum we want to...
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!
We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half trade
Demand zone successfully mitigated, Waiting for confirmation entry. Possible long to $83.50 due to several FVG above the current market price
My dear subscribers, USOIL looks like it will make a good move, and here are the details: The market is trading on 77.93 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 78.62 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
USOIL approaching a 50/50 level where both bullish and bearish senerio are in play but once we break below we should see usoil collapse or once we hold we should see usoil rally
Hello Traders In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET today XTIUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Here are more Oil trades and examples.... Here you can even see how to avoid the wrong trades when the rules are not lining up.... No color matches = no trades.
Here we have Oil as an example for the Oil-lovers.... same as all other trade - confirmations = GO!
Any healthy trend will respect support and resistance levels. In this chart the thick green line is a valid support which got broken. But where is the retest?? Market should have taken support on the thick red line to go up and test the broken green line, get rejected and come down. Only then I would call this last down phase as a healthy down trend. Market even...
Analysis: Price is extended towards the downside where potential retracement or even reversal is likely possible. Price may continue to dip further and more positions will be considered. Risk adverse traders should only enter smaller position for this initial position. Analysis: Long at market reopening as High Risk trade towards 79.66 as Take Profit - 1 level.