Hello,Traders! CRUDE OIL has retested the Falling resistance line and We are already seeing a Bearish correction so I think that the price Will go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 71.20 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 - 73.75 Recommended Stop Loss - 69.96 About Used...
TVC:USOIL #USOIL Since Sep 2023 USOIL is continue moving down, It moves like it has no bearish volume and power to goes deep down but It still continue moving down, So My next targets will be 71.6, 69.8 and 67.8 Lets C How it gonna move.
Natural Gas saw a larger drawdown from inventories this week. Nat Gas had a higher weekly close! Stage 2 basing formation is still in play!
CRUDEOIL trading in desceding channel. it should give channel breakout above 6280-6290 looking target 6500-6600+++ in very short term keeping on radar Crudeoil 6300 CE (Jan.)
Oil traders overreacting to the wrong triggers? Divisions within OPEC have caused WTI crude to fall below $74 per barrel, ending a three-day climb for the commodity. Angola, which joined OPEC in 2007, said it is leaving the Organization of the Petroleum Exporting Countries. This move raised concerns about OPEC's capacity to stabilize global prices,...
Crude oil rose too much before, so it needs a technical pullback, the big trend we still insist on bullish! At present, there is a small top of the daily line signal, it has a technical retreat, will continue to rise after the retreat, the weekly line stabilization signal is very obvious, so the bulls have begun a big counterattack in the retreat is not a trend...
WTI will complete a Death Cross pattern on the 1d time frame. This will be its second since September 02 2022. That pattern initiated a strong decline which was a bearish leg inside a Channel Down pattern. Oil is again trading inside a Channel Down since Sep 28 2023 and the Death Cross can be the sell call for the final leg to the 63.70 Support. We expect at...
In recent days, we have been bullish on crude oil, whether it is the shape or the indicator has formed a big counterattack signal at the daily level of bulls, 74.40 resistance position has not been able to suppress the bulls of crude oil, yesterday we bought at 72.70 and took profits at 74.10! A perfect profit. So how does the oil trade at the current price?
Here is my latest structure analysis for WTI Crude Oil. Resistance 1: 74.1 - 75.0 area Resistance 2: 78.5 - 79.8 area Support 1: 71.7 - 72.9 area Support 2: 67.7 - 68.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Crude oil (USOIL): Crude oil also showed the same picture as my analysis yesterday, falling first and then rising. Today's opening is at 74, with an amplitude of $3 in the morning. It's not promising, and the amplitude is smaller than gold! The daily chart has risen for five consecutive days. Visually, the downward trend has ended, and a new round of bullish trend...
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " ABC " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Its Currently Rejecting from the Upper Trend Line to Complete the Retracement for Break of Structure Entry Precaution : Wait for Breakout and Retracement
NG is in sell on rise mode till it crosses 233. Won't enter buy side right now till it sustains 233 above levels.
Nat Gas saw a decent 4% decline today. It made a lower high in the trend which leaves it vulnerable. Oil hitting resistance and turning negative.
25 Hours of Upside wiped out in 2 hours. Bearish engulfing candles everywhere. Yields Falling / Dollar rallying!
Since the breakout of the Israel-Hamas War on 7th October 2023, there has been an increasing number of attacks on military and transport ships sailing through the Red Sea, with Houthi rebels from Yemen standing behind many of these incidents. About a week ago, the group went as far as to announce the blockade on ships traveling to and from Israel through the Red...
Yesterday, the conflict in the Red Sea region of the US market escalated, and a cruise ship incident occurred, so gold and crude oil rose sharply. However, the biggest impact of this incident was on energy, and the impact on gold was limited, So, crude oil breaks through the technical suppression of the 4H mid-track and continues the upward trend. On the weekly...
NATURAL GAS - NEW LOWS? Nat Gas, rejected 2x the resistance line and printed in top a falling star candle , next candle printetd a new low and for now im not looking to buy it , just wait to enter on a better price