Crude oil began to rise sharply yesterday as geopolitical conflicts intensified and the situation in the Middle East became tense again. Both API and EIA reserves are negative this week, which is another good signal for crude oil. The upside of gold continues to expand with the support of data and geopolitical conflicts. At present, MACD is in the positive zone,...
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...
USOIL is trading above bullish trend line on 4 hr and daily timeframe. A head & Shoulder pattern appeared at recent high level with bearish divergence on both 4 hr and daily time frame. after completing H&S pattern, USOIL breached bullish trend line and now is trading below this line. if bears get strength in coming days then there is possibility that it may go...
Could this be a possible SELL for USOIL? From my own point of view I still see the trend is still bearish. Currently the market is testing Fib area, we could possibly see selling pressure to the downside. Let's see how this will Play out.
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...
Double top form, sell, the first tp point is the previous low near 77.9, if the previous low support is invalid, after falling below, the second take profit is 77.2, if the previous low support is valid, close all orders.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
I expect oil to rise in the next few weeks. On the daily chart we see liquidity (circles) and a very very strong saport at 77.40. I expect oil to start rising from 78.09 or the aforementioned 77.40. At each level I will watch the Order Flow Chart. in case you don't have O.F.CH. so watch the level if the price closes above or below the level it will tell you if the...
My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 78.13 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 78.81 About Used Indicators: Pivot points are a great...
I love this Oil long chance here, Aiming for 87-90 area or anywhere in the rectangle. Conservative traders can wait for a break of the channel to get long. I will do the same.
BLACKBULL:WTI TVC:USOIL FOREXCOM:USOIL FX:USOIL GBEBROKERS:USOIL The overall trend of oil is still rebounding from a decline. The upward pressure currently existing above is at 80.56. However, the market never starts to rise after a rough bottoming, so the operation is still based on the reference conditions of yesterday's high and then the market...
This is my Setup to go LONG on XTIUSD. Market has mitigated the demand and supply zone on daily-timeframe and given a valid CHoCH on 4Hour time-frame.
1D Bullish price action and strong uptrend trend line and Fibonacci level 0.618 is crossing on the one line. As you can see, USDOIL appears to be bullish, so it's better to seek long-term trading opportunities. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before making your own trading decision.
WTI oil (USOIL) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 78.02 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 76.60 which is a level that lies underneath a swing-low support. Take profit is at 79.87 which is a pullback resistance that...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 79.82 which is a pullback resistance. Stop loss is at 81.06 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 77.67 which is a pullback support. High Risk...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
Oil prices are currently back at low levels, supported by the June production cut agreement. In the short term, buying is still the main focus, taking the price of tradingview as an example. 78.2-78.5 is used as the buying range. The target can be set at 79.6-80.5.
Hey there on 1htF the USOIL will look at this level from 78 to 79 and then go upside and downside will touch 77