Crude Oil is very close to a broken support of a daily horizontal range. 72.2 - 73.0 is the area, from where I will anticipate the next bearish wave. Let the price test the underlined yellow structure and wait for a confirmation to sell from there. ❤️Please, support my work with like, thank you!❤️
WTI Crude Oil keeps falling. After a completion of a correctional movement, the market dropped again and violated a key horizontal support. After a breakout, the price formed a narrow horizontal range on an hourly time frame. Its support breakout is an important intraday confirmation. We can anticipate a bearish continuation to 67.3 level now. ❤️Please,...
Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 1234 " Impulsive Waves and Rejection from Upper Trend Line. We have Retracement for Break of Structure. Entry Precaution : Wait for the " 5 " Impulsive Wave
Last week, West Texas Intermediate crude oil reached our price target of $70 and slid as low as $68.83 per barrel. After this route, USOIL has slightly rebounded and currently trades near the $71.50 price tag. In the very short term, we acknowledge a potential for the price to continue higher. Indeed, this would be consistent with a natural occurrence of the price...
Crude oil is on support and has chance to goes up again. Trade safe. Have a good week.
US oil is in the best place for long positions. the target is 78$
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
✅CRUDE OIL is trading in a Downtrend and is now Making a bullish correction But a strong horizontal Resistance is ahead from Where I will be expecting Bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Crude Oil dropped yesterday, as I predicted. In fact, the market is trading in a bearish trend on a daily. A breakout of a horizontal support of a wide horizontal range was a strong trend following signal. The next support that I see on a daily is 67.5. It will most likely be the next goal for the sellers. ❤️Please, support my work with like, thank you!❤️
WTI Oil (USOIL) eventually hit our 71.00 target we set last week (see chart below) upon the dotted Channel Up break-out: The price is now attempting a rebound following the breach of the 1W MA200 (red trend-line), which is a typical procedure throughout 2023 and delivers a strong rebound. However, we we will our perspective short-term until the Channel Down...
Crude oil is trading in a bearish trend on a daily. After a long-lasting consolidation within a horizontal range, the market violated its support on a daily and set a new lower low. Retesting the broken structure, the market started to coil within an intraday range. Its support breakout gives us a strong intraday confirmation. A bearish movement is now...
WTI Crude Oil crossed today under the 1W MA200, which is a level that, even though it broke on occassions this year, hasn't closed a 1D candle under it since February 1st 2021. Those occasions are marked by circles on your chart and as you see despite breaking under it, the price rose intraday closing the candles over the 1W MA200 at the end of those sessions,...
#USOIL... market just placed his supporting area in yesterday, and hold it sofar, day closing above that area 72.60 mean there is something, now if market hold it then again bounce expected from here otherwise sustained breakage will leads you towards further downside areas, keep close and don't hold your buying positions below 72.60... trade wisely good luck
TRADE DIRECTION: SHORT; as indicated by the red EMA cloud and the market structure. KEY LEVEL: 1) Round numbers S&R with 25 ticks range between each level (hidden) 2) Monthly, Weekly and Daily Pivot levels. TRIGGER SIGNAL: Price broke the previous day's low (green circle) and retraced to the bearish EMA cloud. A bearish pin bar (in yellow circle) formed as a...
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Another Good News to the World. Any close below 74.60, as per 3Months chart, #Brentoil will fall to minimum 64$, below that 42.12. Unless these levels are not tested, Brent oil won't make new high or another Bullish Move
CRUDE OIL IN A STRONG BEAR TREND AS CONTINUES IN DOWNTREND CAN GO FURTHER DOWN SUBJECTED TO DEMAND AND SUPPLY WAIT FOR CONFIRMATION i.e a stong bear candle in 15 min its my analysis do yours dont trade
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...