Oil has had some strong buying volume around 85-86$ a barrel. Starting to break out of the downward slope to create a new higher low pattern. If Iran doesn't except the deal the price of oil will pull back above 100$ a barrel -Russia might also cut of demand for EU -USA is going to stop adding supply in September because their reserves are running low...
the price can break 91.46, so it was strong resistance and now the price will try to reach 93.62 & 95.13 at least but if reversed the candle to under 91.46 during the closing four-hour candle then will try to drop again
Hello,Friends! In this market situation, I am looking at multiple indicators And I can see bullish momentum accumulating on the pair right now This setiment makes me bullish biased and I am considering a long! Like and subscribe and comment my ideas if you enjoy them!
USOIL stabilized and rebounded in the short-term. At present, pay attention to the potential bearish Gartley pattern, and pay attention to the 93.6-95.0 area of the supply area. If there is a short signal, you can consider entering the market.
WTI, after the breakout of the patter, started a b bearish market as predicted
Hello everyone, I put the Short and take profit areas. It is a short-term chart (15min time frame), but it is not too complicated. It is possible to have a price maintenance between 80-96 area in the following weeks, having an average growth on Crude Oil in September, but from November things do not look too great. It is most certain that we will see Crude Oil at...
Market wasn't able to push USOIL down to the bottom of the channel for two times in a row. virtual 'higher lows' - the lows weren't as low as they should have been. Massive buying interest in the 86-90 USD zone. Buyers are here. Ready for breakout out of the falling channel. Shorts will need to get covered. 100 USD in sight. If I'm wrong, 82-83 USD should...
Usoil is in oversold condition from few days there is clear breakout above 90 usd it can go above 100 usd......this analysis is only for educational purpose.
USOIL MARKET BREAKDOWN Last week was the stuff of dreams with USOIL pulling through for insane pips, GOLD pulling through for insane pips and GBPUSD giving us a modest bag! As stated last week were are simply following the USOIL down trend and it's working out nicely so far. USOIL dropped down to our bottom zone before pulling back, we did try to long this but...
WTI crude oil buyers defend the $91.00 breakout heading into Tuesday’s European session. In doing so, the black gold justifies the previous day’s upside break of the 100-SMA, as well as the bullish MACD signals. Additionally, the lower high on prices joins the higher high on the RSI (14) to portray the hidden bullish divergence of the commodity. As a result, the...
Hello, my friends, As you can see from the chart the price has fallen down (correction) to the uptrend line and we can see rejection at the SNR zone. This is a good R/R for taking a long trade on this pair. Remember to manage your MM properly!!! Trade with care my friends
My idea for weekly WTI projection. For intraday there will be a rejection before it's continue bullish trend
Crude oil found its bottom and time to rebound ,lets see if bottom need confirmation
Tuesday, 23 August 2022 7:22 AM (WIB) The Market looks confident now after the price exit from the sharp falling wedge.
Oil prices briefly surged in mid-trade due to a push to raise the Fed's benchmark interest rate. However, prices eased back after investors believed that the US central bank's policy this month was to maintain interest rates. Another factor, the US dollar strengthened again to its highest level in five weeks, which limited the increase in crude oil prices. This...
Double bottom formation on 1D with pinbar and inverted pinbar confirmation on BB and support. Pinbar and bullish momentum candle on 1hr. Wait for break above resistance for double bottom pattern before entry.