We’re seeing a breakout on the 4-hour chart for WTI Crude Oil, presenting a potential long trade setup. The price is targeting the 0.5 to 0.7 Fibonacci retracement levels. However, we may experience a retest of the breakout level before the trade fully reverses and moves towards the targets. Technical Analysis: • Breakout Confirmation: The recent price action...
Hola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist US OIL / WTI based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish...
West Texas Intermediate TVC:USOIL opened down to 68.94 USD/barrel as of the time this article was completed. The Paris-based International Energy Agency (IEA) warned last Thursday that global crude oil demand is cooling while output outside the Organization of the Petroleum Exporting Countries and its allies ( OPEC+) continues to increase. According to IEA...
HELLO TRADERS As i can see usoil has successfully tested a strong weekly and daily based support chart is crystal clear for a technical analysis our risk reward is great on this setup friends its just a trade idea share ur thoughts with us and do a proper search befor taking any trade Stay Tuned
The chart indicates that WTI is approaching a critical support zone between $67.60 and $69.40, a level previously tested and held. After forming a consolidation pattern, the price is likely to break upward, heading toward the next resistance at $72.50 and potentially extending to $76.00 if momentum builds. A bullish move would be supported by the price remaining...
The chart shows a break of a rising trendline with price pulling back to retest the $69.40 support level. Given the rejection at this level, there's a potential for a bullish reversal targeting the next liquidity area around $72.50. Traders should watch for confirmation of a higher low before entering long positions to ride the breakout.
My Dear Robbers / Money Makers & Newbies, This is our master plan to Heist BRENT Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers /...
WTI Crude Oil (USOIL) has been practically neutral within a Triangle pattern since September 2023, trading under the Resistance pressure of the Lower Highs but at the same time supported by a Higher Lows trend-line. The latter has been placed just below the 1M MA50 (blue trend-line), which is the key to Oil's price action in the coming months. As you can see,...
HELLO TRADERS Hope everyone is doing great 📌 A look at USOIL from HTF - MULTI TIME-FRAME ANALYSIS USOIL DAILY TF * Last week saw a bearish close with the weekly FVG holding & beautifully rejecting. * The sentiment is still strongly bearish for OIL from HIGHER TF perspective. * The weekly & daily TF show we are still trading in a range on a bearish trend...
BLACKBULL:WTI has shown signs of completing its recent correction phase, setting the stage for a potential bullish move. Technically, after a strong upward surge driven by bullish momentum, TVC:USOIL entered a two-leg correction that appears to have found support. This could suggest that the price is ready to continue its upward trajectory from the current...
Hey traders We have oil here at critical zone will it break up or down?, a big pullback on middle east worries, I think things will calm down, and possibly we will get another leg drop, so I will be selling oil back down. Please like comment and follow cheers This chart material is for education purposes only / Demo account should be traded only.
TVC:USOIL rebounded sharply nearly 5% on Wednesday, far from the nearly 2-month low reached on Tuesday after the assassination of the leader of Hamas in Iran, investors fear the conflict in the Middle East could widen and the volume US crude oil inventories boosted. The Federal Reserve sent the market a signal in September to cut interest rates, and the US Dollar...
WTI - 24h expiry Our short term bias remains negative. Our bespoke support of 77.06 has been clearly broken. Previous support at 77.50 now becomes resistance. We look for a temporary move higher. We look for losses to be extended today. We look to Sell at 77.50 (stop at 78.30) Our profit targets will be 75.50 and 75.15 Resistance: 77.13 / 77.50 /...
I consider this scenario and will look for confirmation at indicated levels to short
WTI oil completed its second bullish leg and has now formed a reversal setup. The price action shows that WTI missed the ascending channel support and is currently consolidating below the previous support zone, which has now turned into a resistance level. This suggests a potential bearish outlook as the price struggles to regain upward momentum. With the recent...
WTI Oil (USOIL) followed our July 02 (see chart below) sell signal to perfection as it got rejected on the Lower Highs trend-line and Resistance 1 and broke today below the 0.618 Fib, hitting our 77.00 Target in the process: For that projection we used the February 05 Low as a benchmark, which also hit the 0.618 Fib and rebounded on the 1W MA200 (red...
The general trend of oil is currently downward and every high is worth selling! Pay attention to the limits beforehand and check in a small time frame
Market Analysis: Crude Oil Price Correct Recent Gains Crude oil prices are also moving lower from the $82.20 resistance zone. Important Takeaways for Oil Prices Analysis Today - Crude oil prices extended downsides below the $81.30 support zone. - A major contracting triangle is forming with resistance near $80.70 on the hourly chart of XTI/USD at FXOpen. ...