According to the current trend of crude oil, the price of crude oil is basically fluctuating at 77-78 US dollars. At this stage, the crude oil price reached 78.6 and was unable to break through due to resistance, and then fell again. As far as the current trend is concerned, the crude oil price is oscillating at 78 US dollars. Please pay attention to my signals...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
Crude oil trend analysis, easily make money for you The overall trend of crude oil rose and fell back last week. The expected strength did not appear, but the upward trend has not changed. As long as crude oil price does not fall below 77 US dollars per barrel, the oil price will still rebound, and the weekly negative closing means that there will definitely be...
Although OPEC+, an organization of oil-producing countries, has extended production cuts, the market remains wary of crude oil demand. Oil prices closed down more than 1% on Friday, with Brent crude oil falling by 1.69% this week and WTI crude oil falling by 2.46% this week. Brent crude oil futures closed down $0.91, or 1.10%, to $82.05 per barrel. This week’s...
Recently, the direction of oil is still to wait for the support level to buy. The current large range is 77.5-81, and the small range is 78.5-80.4. You can wait for the support point to buy, or you can choose to sell at the upper edge of the range. If you don't know how to trade, join me
Crude oil prices fell back from highs and will bottom out and rebound From yesterday to today, the overall trend of crude oil fell back after rising, with $80.5 as the resistance level and $77.6 as the support level. The U.S. Department of Energy announced the purchase of approximately 3 million barrels of oil for delivery in September to replenish the...
Hello Traders! This is my idea related to USOIL H1. I expect the price to go bullish as it reacted perfectly from the OB level and also the support area. I expect the following scenario, the price will retrace again in the OB area and after that, I expect it to rise until the price of 79.45. Traders, if my proposal resonates with you or if you hold a divergent...
Today's crude oil trading analysis Yesterday, crude oil continued to fluctuate upwards, and the second time it tested high, it looked around 80.7, but it has not yet formed a breakthrough. The recovery range in late trading was within 80.0, and the daily closing line had an upper shadow line, which is still in the stage of shock and rise. At this stage, it is...
Hello traders! This is my idea related to USOIL H4. I expect the USOIL to go bullish after the retracement from the OB and supply area. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your...
From the four-hour chart of crude oil, oil prices are still in the rebound stage. Mainly fluctuating and rising, it continues to test the upper edge of the channel. Judging from the past background of this round of testing, the accumulated momentum is sufficient, and the mid-term trend will mainly be upward. The short-term support is mainly strong support from...
Recently, the output of U.S. refineries has dropped sharply, U.S. crude oil inventories have declined, and sanctions on Russia have gradually increased pressure on the import side. At the same time, attacks on U.S. and other ships in the Red Sea continue. As can be seen from the 4H chart, oil has been supported many times, but it has not broken through the...
It appears that USOIL is poised for a bearish trend following its completion of the fifth Elliott wave within an ascending channel and a double top pattern formation. The recent breakout from a rising wedge suggests a potential continuation of this downward movement. Traders may consider selling positions as the technical indicators align with this bearish outlook.
From the daily analysis, crude oil is currently in the range of 71.5-78.5. The daily level has not broken through and stabilized at 78.5, but is still in shock. Below is the support of 76.5-75.4. Trade based on this range first. If the price breaks through 78.5, and Oil prices above 78.5 will see further room for growth
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block + trendline. Like, comment and subscribe to be in touch with my content!
Crude oil was still in an upward channel in 1H/4H. Before the previous low of 75.3 was destroyed, we followed the strategy of selling high and buying low.
US CRUDE OIL New forecast The price of oil is finding it difficult to continue rising, showing some bearish tendency and approaching the $76.00 barrier. We believe that opportunities are available to resume the expected upward trend in the immediate term, whose next target is at 77.00, 78.00. Therefore the upward scenario will be more likely during coming...
Pair : Crude Oil Description : Double Top as an Corrective Pattern in Short Time Frame Completed Impulsive Waves and Correction RSI - Divergence Rejecting from the Resistance Level Break of Structure and Completed the Retracement
🚨 Crude Oil #WTI 🗓️ Date: 12 February, 2024 ⏰ Timeframe: Daily 💡 Given in the chart – ♦️ Green (long term support) = 67.50 ♦️ Red (resistance) = 78.85 The price has been in the range (red color) on the chart since December last year. Price touched this range several times but failed to deliver a breakout. As long as this range remains active, the potential...