Hey Traders, in the coming week we are monitoring USOIL for a buying opportunity around 78.70 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 78.70 support and resistance area. Trade safe, Joe.
WTI is back at a major support pivot we've been tracking for months now at 77.56/67 . A weekly close below this threshold would be needed to invalidate the yearly uptrend and exposes a possible plunge towards 75.33 and the yearly Low-day close at 72.93 . Key resistance steady at the 200-day moving average / 38.2% retracement at 79.89-80.01 . Moment of...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.67 which is a pullback support. Stop loss is at 76.50 which is a level that lies underneath a pullback support. Take profit is at 80.12 which is a pullback resistance that lies underneath the 50.0% Fibonacci retracement level. ...
We are considering a long position on crude oil, given that the price has reached a significant support area. This support level is reinforced by a divergence observed on the Relative Strength Index (RSI), suggesting a potential reversal in the current trend. Additionally, seasonality data supports the likelihood of a bullish movement during this period. The...
USOIL is ready to make its 2nd shoulder, if it succeeds then you guys can grab a handsome profit from this trade. Check my chart to get more idea about Long position holding.
The price of American WTI oil is set to fall dramatically over the next few years. The target is in the region of USD 29. Only then is the price likely to move north again.
hi we have a bullish ordeflow so this trade si valid
Price bounced twice on the trend support, forming a W pattern on both DAILY and 4H. Look for good entries around the 80. level
Oil prices fell early Tuesday following a report that U.S. inflation increased more than anticipated, diminishing prospects for a reduction in U.S. interest rates. Meanwhile, OPEC maintained its positive demand forecast for 2024. West Texas Intermediate crude for June delivery decreased by $0.47 to $78.65 per barrel, and July Brent crude, the international...
Oil fundamentals by seeking alpha i cant copy and paste go and see the article and diagram for yourself seekingalpha.com
Yesterday's market fell to $77.75 in Asia-Europe trading began to rise to yesterday's highest point of $79.30, the lowest point to the highest fluctuation range is $1.55, and Wednesday's new low and yesterday's rise, that is, $76.36 May be the end of 3 waves, but also the end of 3-5 waves. Is it that today's market can rise to break $79.47, broke can basically...
Hello, friends I like this oil long shot here, aiming for the 87-90 zone or wherever the rectangle is. Conservative traders can wait for a break in the channel to go long. I would have done the same.
So far, our USOIL signal continues to maintain a 100% winning rate, and we are preparing to make another layout today. The decline in international crude oil prices in the past two days has been mainly affected by sluggish demand. Although the peak summer travel period has arrived, fuel demand has not increased significantly. It is reported that the OPEC+ meeting...
Crude oil technical analysis Daily resistance is 79-81, support below is 76.8-75 Four-hour resistance is 79-80, and support below is 78.3-76.8 Crude oil operation advice: Crude oil still fluctuated widely yesterday, with the lowest backtest of 78.2 starting to stabilize, and the highest hitting 79.8. Then it fell sideways, and after reaching near the previous...
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...
✅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!✅
Due to serious geopolitical scenario happening in the middle east usoil has a potential tendency to go long. the Israel strike over Rafa and death of iranian president has created a serious tension in the middle east zone which can be affecting the price of black gold the oil. Bullish targets: 79.60 79.80 ...
My dear subscribers, My technical analysis for USOIL is below: The price is coiling around a solid key level - 79.46 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 79.05 About Used Indicators: By the very nature of the supertrend...