Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 79.09 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
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...
Crude oil started to fall from the daily high of 88 in a double top pattern, and now it has successfully broken through the key watershed of 81, and the lowest drop to around 77 has eased the decline. It has not been able to break through the 77 mark recently, indicating that there is a lot of buying support, but the trend is still bearish. As long as it does...
from my analysis i see the market bouncing from a monthly ifvg as internal range liquidity to external
Please, check our technical outlook for USOIL. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 79.01. The above observations make me that the market will inevitably achieve 77.85 level. P.S Please, note that an oversold/overbought condition can...
Investors are cautious about U.S. inflation and interest rates, pushing oil prices lower. Fed officials indicate more signs of slowing inflation are needed for rate cuts. Despite increased refinery capacity, demand remains weak, adding pressure on oil prices. Given the persistent inflation concerns and the cautious stance of the Federal Reserve, the outlook for...
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...
✅CRUDE OIL will soon retest a key support level of 76.74 So I think that the price will make a rebound And go up to retest the supply level above at 78.00 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Oil looking for another buy option trade wisely... strict Stop-loss use this for recovery order high lot recommended
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.
We can see some good upside move here with a lower support of 77.40 Upside we can see 80-82 As we can see RSI divergance and price is taking support from lower level
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Shorting the idea the fact that its a retracement move then making another leg lower. Also adding in the fundamentals that inflation is cooling and FOMC is round the corner. watch this space :)
Hey there on 2hTF the USOIL will looks sell side from 79.50 can be again liquidity grab and will be go Downside
On 1D time frame, no Divergence is observed. Therefore, bullish trend should resume from Bullish flag formation breakout. One can estimate the length of breakout by using Pole as reference. This going to take couple of months. So patience is the key. My trading values are depicting on Price chart.
Oil looking continues by formation for this week ... if fall again take buy order no more sell in this week
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 79.46. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 77.06 level. P.S Please,...
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...