analysis suggests that the optimal selling zone for crude oil stands at 7861. This assessment prompts strategic considerations for traders, with suggested take-profit levels at 7811, and 7689\7610, offering multiple opportunities to secure gains. However, to mitigate potential losses, it's advisable to set a stop loss at 7930, safeguarding against adverse market...
Western Texas Intermediate, the US crude oil benchmark, is trading around $82.20 on Tuesday. The black gold edges lower as ceasefire talks between Israel and Hamas in Cairo alleviated the fear of a broader conflict in the Middle East. Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West...
🛢️📉 USOIL Market Update: Cup and Handle Breakdown! 📉🛢️ TVC:USOIL Attention, traders! USOIL has shown a pivotal development at the top of its uptrend with the formation of a cup and handle chart pattern. We've now observed a breakdown of the handle, accompanied by an increase in volume, signaling a strong entry point for the selling side. Key Details: -...
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!
Hi Traders ! Previously, The USOIL Price Formed a Bearish Double TOP Pattern. Currently, The Support Level (81.29 - 80.33) is Broken ! So, I Expect a Bearish Move 📉. _________ TARGET: 78.16🎯
West Texas Intermediate (WTI) US Crude Oil fell on Tuesday, declining to $81.00 per barrel as investors pulled out of riskier assets and into safe havens like the US Dollar (USD) following an unexpected uptick in wages data, implying inflation will continue to eat away at chances for a near-term rate cut from the Federal Reserve. The American Petroleum Insitute...
Merry Christmas! Back in June of this year, I gave you a real-time lesson in Oil. I explained how OPEC cuts do not mean it's bullish for oil based on supply cuts. Why? Bc OPEC is telling you there is diminishing demand for oil that was causing the cuts. Not even two ongoing wars could cause oil to spike. Today I will give you a nice and simple Christmas...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 77.70 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 77.70 support and resistance area. Trade safe, Joe.
The fall in crude oil is a buying opportunity. The long-term target is 88-90 US dollars. You can follow my trading strategy in the long term. All my current transactions maintain 100% accuracy. If your account is still losing money, you can follow my signal trading and I will help your account make profits quickly!
Attention, traders! 📣 **Trade Alert: USOIL Inverse Cup & Handle Pattern** **Pattern:** Inverse Cup & Handle **Current Price:** $81.50 **Selling Zone:** $81.50 **Technical Target:** $77.00 USOIL has formed an inverse cup and handle pattern, indicating a potential trend reversal. The selling zone is identified at $81.50, with a technical target of $77.00....
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 82.33 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 80.50 which is a level that lies underneath a pullback support. Take profit is at 84.67 which is an overlap resistance. ...
Crude Oil Technical Analysis Daily resistance is 79.6-83.4, support below is 76.8 Four-hour resistance is 79.6-80, support below is 78-76.8 Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days. The short-term resistance above today continues...
Hello everyone, for OIL I'm aiming for a bearish continuation to fill the daily lower FVG.
The US crude oil benchmark is currently trading around $79.50 on Friday, marking a continued decline from its recent peak of $88.00. This downward trend is attributed to several factors, including rising crude inventories in the United States and diminishing expectations for interest rate cuts from the US Federal Reserve (Fed). The Fed's decision to maintain...
USOIL Ok I've got my bearish hat on today 🤠. Starting to look at the possibility that rather than this area being accumulative that it may be the 3 wave pattern that we have seen in many charts and in multiple markets. It is everywhere. It is of course the 3 wave correction where the 3rd wave is the shallow Wyckoff Creek. In this instance it is the Inverted...
hello Traders, hoping all are enjoying your days here. The price of the crude oil surged to the uptrend now and its time to pullback to reach 87$. I will go through in the Bullish if the price doesn't break 80$ lower level. If the price goes down little bit I will wait for this opportunity to go through in the bullish. I am looking my first target near 82.90...
USOIL - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy USOIL Entry - 77.93 Stop - 76.10 Take - 81.31 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The bottom of crude oil is about to appear. Now is the opportunity to buy. If you hold it for a long time, be prepared to reap huge profits. I will continue to provide accurate signals! All my current transactions maintain 100% accuracy. If your account is still losing money, you can follow my signal trading and I will help your account make profits quickly!