Understanding WTI Oil (USOIL) on the larger, long-term time-frames such as the 1W or 1M charts can broader your perspective and allow you to consider market dynamics that you never thought they were possible to affect the trend. From time to time we tend to make such studies in order to give you an idea of how the long-term trend may be shaped. Example of such...
Hello There! Welcome to my new analysis of OIL. Within the recent high inflation development with continued rate hikes in a lot of economic fields, it has to be mentioned that OIL could be on the brink of major market disruptions especially when the rate hikes continue to rise further together with the DXY printing the next new highs. In this case, I have...
WTI Oil (USOIL) hit and broke last week the 93.75 Resistance (which was the October 10 & November 07 2022 Highs) but failed to stay above it and got aggressively rejected back below it. This emphatic rejection indicates that as long as the price doesn't close a 1W candle above the Resistance, the short-term trend has more probabilities of being bearish. ** Cup...
Brace yourselves because Russia's push towards $100 per barrel is causing a wave of optimism that we simply cannot ignore! The energy landscape has been buzzing with anticipation, and the recent surge in oil prices is a clear indicator of the incredible opportunities that lie ahead. With Russia's bold move, we are witnessing a significant shift in the market...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Oil prices are under negative pressure to reach the level of 94.20, but requires anticipation from previous negotiations Today, the price is under further negative pressure during the previous session, including a break of 94.55 key price trend against the upside It has the chairman's target of 96.60. stabilizing under 94.55 will support falling to touch...
WTI crude futures surged by 3.5% on Wednesday, briefly reaching above $94, marking their highest settlement price of 2023. This impressive rally followed the release of EIA data indicating a larger-than-expected decrease in US crude inventories, showing a 2.17 million barrel drop in the past week. In parallel, Brent crude futures saw a substantial increase of...
USOIL Oil price resumes its positive trading now, confirming the continued dominance of the upward trend during the coming sessions, and the way is open to achieving our first target at 92.19 . stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07 stabilizing under 90.43 will support falling to touch 88.73 the 87.64 Pivot Price:...
Last Friday opened 89.5, went up to 90.3 and then fell back up again at 89.7 to be supported, crossed the previous high of 90.3 to 91.2, which is near the upper edge of the adjustment range said before, the price fell as scheduled, was supported at 89.2, 91 short orders gained more than 10 points last week, and rebounded to 90.4 after being supported. The last...
WTI Oil (USOIL) almost hit our $93 target on our last idea two weeks ago (see chart below) and yesterday reached the top (Higher Highs trend-line) of the 3-month Channel Up: The first reaction is so far a rejection that has already taken the price to the 4H MA50 (blue trend-line). This is the first contact with it in 3 weeks but it's not a confirmed sell yet...
USOIL As we said the direction is still rising and did a retest ,and it will rise again stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07 stabilizing under 90.43 will support falling to touch 88.11 the 86.08 Pivot Price: 90.43 Resistance prices: 92.19 & 93.27 & 95.07 Support prices: 88.11& 86.08& 85.00 timeframe: 4H
As you might have noticed, oil prices have been on the rise lately, and there are two compelling reasons behind this bullish trend. Firstly, the potential recovery of the Chinese economy has sparked a wave of optimism worldwide. China, the world's largest oil importer, is showing signs of bouncing back, which could significantly boost demand and drive prices even...
Last Friday there was a unilateral rise of more than 20 points, which is not large in terms of magnitude. After all, the one-day fluctuation in previous years was 30 points. Crude oil prices have been rising for 3 consecutive months. I think that in The price will usher in a correction this week. There will be a certain degree of decline. Share free trading...
Brace yourselves for some exciting news from the oil market that might just make your day. Recent data analysis has uncovered a significant shortfall of 3 million barrels in Saudi Arabia's oil production cut. This revelation presents a golden opportunity for us to make some smart moves and potentially profit from a bullish oil market. So, let's dive right in and...
As i told before the market was looking for continue pushing up , So Enjoy with this big target and see next station INSHALLAH
Since I expressed my opinion, I have published a total of 3 articles, all of which have ended in profit. The winning rate currently remains at 100%. I hope it can continue to be maintained and point out a clear direction for everyone. Recently, crude oil has been fluctuating within the range of 86.10-87.9. This oscillating trend has lasted for several days, and...
Hi, According to my oil market analysis, there is a very good selling opportunity. The price has reached a very strong resistance. A tail candle was formed from the top. It indicates taking out the buyers in the area of 88. Before the drop. Good luck everyone
I am reaching out to discuss the recent developments in the US WTI oil market and shed some light on its potential to hit the upper resistance level of $94. As cautious investors, we must closely monitor this situation and make informed decisions regarding our oil investments. Over the past few weeks, we have witnessed a steady rise in oil prices due to various...