Macro theme: - WTI hovered around 72.50 dollars per barrel on Thu, attempting to recover from previous losses as markets considered potential supply risks due to rising tensions in the Middle East. - The Fed also implemented a larger-than-expected 0.5% cut, which could stimulate economic activity and boost oil demand. - However, worries over China’s slowing...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 68.63 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 65.05 which is a level that lies underneath a swing-low support. Take profit is at 73.00 which is a pullback resistance that...
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 71.72. Considering the today's price action, probabilities will be high to see a movement to 68.16. P.S Overbought describes a period of time where there has...
Hello, Friends! We are targeting the 65.61 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
USOIL LONG OPPORTUNITY USOIL breakthrough upwards, and formed a demand zone at 4H chart Therefore, buy USOIL when the price pull back around 70.4 SL: Below 69.5 TP1: 73 TP2: 74.47
Dear colleagues, it seems that the price is in a downward movement and at the moment the price is forming wave “2” of lower order. I assume that after the formation of wave “2” (72.299), the price will start to form wave “3” of lower order. The nearest target is the support area at 64.617. Manage your capital correctly and competently! Only enter trades based...
Pair Name = USOIL Timeframe =W1 Analysis = technical + fundamentals Trend = Bearish Pattern = Symmetrical Triangle Details :- USOIL is still following bearish trend. Currently Price range between 65 to 70. it will stay here for few more days. After that it will Again Follow the bearish trend. Target Price is 55 to 57.
Here is my latest structure analysis and important key levels to pay close attention to on WTI Crude Oil. Vertical Structures Vertical Resistance 1: Falling Trend Line Horizontal Structures Resistance 1: 71.46 - 71.90 area Resistance 2: 73.80 - 74.30 area Resistance 3: 76.00 - 77.60 area Resistance 4: 79.60 - 80.16 area Support 1: 63.80 - 65.70...
USOIL / 4H TIME FRAME overall trading above 67.59 , expected under upward pressure . Currently, prices are holding above the crucial support level of 67.59. As long as they maintain this position, an upward move towards the next resistance levels of 69.98 and 71.59 is likely. The 71.59 level is particularly important, as breaking through it would serve as...
This is Part 1 of the Weekly Forex Forecast SEPT 16-20th. In this video, we will cover: S&P500 NASDAQ DOW GOLD SILVER US & UK OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do...
✅CRUDE OIL will be retesting a resistance level of 72.72$ soon From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Usoil sell side momentum formed 1:2 RR FOLLOW MM , RM
Pair : Crude Oil - USOIL Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame Support Level
Wednesday, Sept. 18, 2024 This video will cover the updates to the Weekly Forecasts videos posted last Saturday. With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve! Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end...
Usoil sell side momentum changed to buy rally base rally mode 1:2 RR Follow MM , RM
Good Evening and I hope you are well. tl;dr Oil - Strong second leg up (daily tf) and bulls even tried to break above the bear flag but for now I doubt the breakout will be succesful. We are right in the middle of the broad bear channel and odds are 50/50 for either side. Above 72 odds rise for the bulls and below 69.5 I favor the bears again. comment: In...
Crudeoil forming inverse head& shoulder pattern Looking tgt 6000++ very soon...👈