Crude oil fluctuated upward last week, with the lowest at 86.6 and the highest at 90.7. The weekly closed at 90.3. From the weekly perspective, oil prices will continue to rise. On the daily line, the price fluctuated upward. In summary, the operation ideas this week are mainly callbacks. During the day, The four-hour line fluctuates upward. The hourly line...
Crude oil showed a bottom-out trend on Wednesday. The low point stabilized and rose at the 81.0 level, and the highest point put pressure on $81.8. The daily trend chart of crude oil shows that the big positive line has risen again, breaking through the previous day's cross star high, and the bulls have been extended; from the short-term trend, the Bollinger...
US crude oil has fallen for three consecutive days, pushing oil prices below $70 per barrel. As the market continues to revise down expectations for economic growth, and rising crude oil supplies offset the boost from China's reopening and the instability caused by the Silicon Valley Bank (SVB) collapse and Credit Suisse crisis, the financial market is facing...
On Tuesday this week, the testimony of the Chairman of the Federal Reserve before Congress raised concerns about risk assets in the market. In this testimony, Powell stated that "if it is necessary, the Federal Reserve is prepared to speed up the pace of interest rate hikes, and terminal interest rates may be higher than expected." These words indicate that the...
Oil Buy with 78.5 and Stop Loss Will be 77.9 TP 80-82 1. MA 100 2. Supply Area/ Demand Zone 3. 0.618 Fibbo 4. GAP Best Regards, Forex Pharmacy Muhammad Raheel Khan
The biggest mistake in life is constantly worrying about making mistakes. The greatest sadness in life is not losing too much, but caring too much. This is also a major reason why a person is unhappy. Last Friday, according to a report from The Wall Street Journal, there were internal discussions within one of the OPEC member countries, the United Arab Emirates,...
WTI Oil Buy... This is not signal... Dont risk more than 3% of your account on any trade...
A buy may be setting up. The highlighted demand zone is expected to hold, as it caused a bullish break of market structure. So we wait patiently for price to come to our buying zone, then look for bullish price action to confirm and valid entry.
CRUDE OIL was trading in a downtrend But then broke the falling resistance After is retested a support level at 95.30 I think that we will see a move up To retest the target above at 115.18
Our short term price target of 70 USD was reached yesterday. USOIL currently trades around 70.30 USD. We remain bullish on WTI oil. Our medium term price target is 77.50 USD and our long term price target is 80 USD. We would like to set new short term price target for USOIL to 72.50 USD. Technical analysis RSI and Stochastic are bullish. MACD has bullish...
USOIL reached our short term price target of 67.50 USD per barrel. Currently, resistance sits at 67.94 USD. Technicals and fundamentals remain bullish. In adddition to that demand is expected to pick up over the summer. Because of these reasons we would like to update our short term price target to 70 USD per barrel. Our previous thought from 24th May 2021: Our...
OIL BUY TP_52.19_7.23%_3.52pips_SL_48.24_0.88%_0.43pips
Confirmed Adam&Eve formation. purple line look good to open a long position. good luck :)
Beginning of 2019 we saw a change in character with a sharp bull move to 66.20 level end in May 2019. Oil as been in a accumulation until February 2020 where we saw a run on equal lows. Sweeping out stops positioned below the 50.20 level then trading higher. This area dips down into the buy zone of the 61.8 fib retracement level. Institutions are defending the...
Since 1st Nov 2019 until now, there were 3 times price bouncing regarding the RSI(14) at level of 45. There is a potential that the price possibly bounce this time. Besides, the price is above MA200, basically we are following the trend. Trade with care, this is just my opinion sharing to you guys ! Cheers