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...
Daily timeframe oil analysis Oil can rise to the $80.7 range and then continue to correct again.
✅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!✅
So far, all of our USOIL strategies have reached the target price, with a winning rate of 100%. Yesterday, crude oil fell to the support level of $79. We did not hesitate to buy it directly. After hitting the target price of $80, crude oil began to fall and currently fell to around 77.7. From the historical trend, we can see that the oil price has started to...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.74 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 78.50 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at...
The right range of purchases with a risk to the right reward! Stabilization stop below 76,800
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
In the past hours, OIL (WTI) experienced a sharp rise driven by news of Iran's president's death, which significantly impacted market sentiment. This surge allowed OIL to break above the bearish channel and catch the liquidity over the resistance zone, as illustrated on the chart. However, despite this upward spike, the price action suggests that OIL may continue...
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!
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. ...
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The recent death of Iran's President might initially impact oil prices due to concerns about Middle East instability. However, this effect is likely to be temporary for several reasons: Limited Presidential Power: In Iran, the President's role is more executive, with real power concentrated in the hands of the Supreme Leader. Therefore, the President's death...
My Dear Robbers / Traders, This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. There is Two Targets Our target is 1 & 2 Danger Logo and Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers /...
West Texas Intermediate crude oil trades near $79.80 per barrel, which happens to be slightly below the 20-day SMA and the lower bound of the ascending channel. A breakout above the moving average will bolster a bullish case for oil in the short term, especially if the price closes above the 20-day SMA for multiple consecutive days; the same applies to a breakout...
Both trades did as expected. with Oil doing a stop hunt before going up. Both Poasitions are now in Profit. Will Leave them open for a while until we shit our TP levels above 90 for oil.
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
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,...
WTI long D bullish pin bar 4H inside bar (Red, Orange & Green ) inside bar bullish fakeouts keeping stop trailing alone with market move showen 1st STOP then 2nd Stop 1:1.5 R:R. More than 2nd entry is there with a minor risk keepking eye on FVG if goes to fill that order block can have more profit or more loss Let C what comes.