USOIL Day Trade Short 70.55 Top 69TVC:USOIL
USOIL SELL 70.55 TOP 69
The economy is slowing down and oil need is also reducing. The resistance is at 70.6 and Very strong resistance at 71. So it can go down and long term perspective oil will go down until and unless OPEC makes the production cuts in the oil.
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XTIUSD ( US OIL ) LONG term Trade AnalysisHello Traders
In This Chart XTIUSD HOURLY Forex Forecast By Forex Planet
today XNGUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
USDWTI H8 - Long SignalUSDWTI H8
Waiting patiently to see this support price of $67/b region to trigger. Solid range from this support price, up towards that resistance price of $73.50, healthy $6 range and 9-10% price fluctuation held since the start of May. Hopefully this continues to remain active and we can continue milking these zones and ranges.
XTIUSD sellwti crude oil or XTIUSD has formed a wedge pattern and we are watching for price to reach at our resistance level so we will be making a short trade so waiting for price action to form and we will be shorting this commodity there is another confluance for this short trade is 200 EMA resistance so we will be shorting
XTIUSD BuyAs we have seen in gold that gold has formed a triangle patteren and now if we see at Crude Oil its also forming this wedge and has complete its E wave after completion of ABCD now it will be going Upwards so we will buying this commodity after it breaks 72.89 level and price sustain there then it will be a bullish move to 73.74 price level so we wil be waiting for price action while am posting this idea seems like there is a Bullish engulfing or morubozu is forming On H1 time frame so we will until we get a clear Price action too..
USDWTI H4 - Long from $69.50/bUSDWTI H4 🛢
Even after Saudi cuts, WTI is still trading within our range, expecting more headlines regarding OPEC+ and cuts this week and the next 🇸🇦
The range for the moment seems to be holding nicely between $69.50/b and $73.50/b with the exception of the market gap.
Longs from $69.50 would be attractive, as there are talks of Saudi looking to boost the barrel price up towards the $80 region. 📈
USOIL WTI Crude Oil Technical Analysissee picture for analysis
-Higher Timeframe Trend = downtrend
-Price broke upward trend line
-Price removed opposing pivot demand
-RBD 4hr supply created
-Price below 200MA
-Some traders will look to short pullback into 4hr supply
while other traders will use the 4hr as the HTF
and wait for price to return into the 4hr supply
and use the 5 or 15min for confrimation short entries.
CRUDE OIL ( XTIUSD ) Long Term Technical AnalysisHello Traders
In This Chart XTIUSD HOURLY Forex Forecast By World of Forex
today nzdcad analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XtiUsd Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Crude Oil At Risk of More LossesCrude oil price is also declining and remains at a risk of more losses below $70.75.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices are also moving lower below $72.80 and $72.00 levels.
There was a break below a major bullish trend line with support near $73.50 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to rise above the $74.60 resistance against the US Dollar. A high was formed near $74.66, and the price moved down.
There was a break below a major bullish trend line with support near $73.50. The price declined below the 50-hour simple moving average, and the RSI dropped to 25. A low is formed near $70.97, and the price is now consolidating losses.
It is trading near the 23.6% Fib retracement level of the recent decline from the $74.66 swing high to the $70.75 low, above which the price might attempt a recovery.
The first major resistance is near the 50% Fib retracement level of the recent decline from the $74.66 swing high to the $70.75 low at $72.80. Any more gains might send the price toward the $73.50 level in the coming days.
On the downside, support is near the $70.75 level. The next major support on the WTI crude oil chart is near $70.20. If there is a downside break, the price might decline toward $68.80. Any more losses may perhaps open the doors for a move toward the $66.50 support zone.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Crude Oil Price Could Extend LossesCrude oil price is correcting gains and might decline toward the $68.85 support.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices are also moving lower below $72.00 and $71.50 levels.
· There was a break below a major bullish trend line with support near $73.00 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to recover further above the $74 resistance against the US Dollar. A high was formed near $73.79 and there was a downward move.
There was a break below a major bullish trend line with support near $73.00. The price declined below the 50-hour simple moving average at $72 and RSI dropped to 30. It is now showing bearish signs below the 23.6% Fib retracement level of the upward move from the $63.90 swing low to the $73.79 high.
On the downside, support is near the 50% Fib retracement level of the upward move from the $63.90 swing low to the $73.79 high at $68.85.
The next major support on the WTI crude oil chart is near $67.65. If there is a downside break, the price might decline toward $63.90. Any more losses may perhaps open the doors for a move toward the $60.00 support zone.
On the upside, the price could struggle near the 50-hour simple moving average at $72.00. The first major resistance is near the $74.00 zone, above which the price might accelerate higher toward $76.00. Any more gains might send the price toward the $80.00 level in the coming days.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
CRUDE OIL | XTI | USOIL | DECRYPTERS HI people welcome to Team Decrypters
Forecast / Plan For OIL :-
We Are expecting Retracement for the oil to Fill GAP and Even go Lower
And After we expect Higher prices
--we are bullish until the objective is completed
--We are expecting than to DROP in OIL prices ( in 2-4 MONTHS) Which co incised with "OURS IDEA OF" "US Recession" /"Stagflation"
The Aim is to buy The DIPS FOR SURE ( Around 72 -74)
CRUDE OIL |USOIL | DECRYPTERSHi People Welcome To Team Decrypters
Previously We Told you A range break out manipulation Move and trend toward Upside will continue
It played out Exactly
FOR NOW
A Decent opportunity To Short USOIL
A Main Key Resistance level is Approaching
Personal Opinion :- WE THINK OVER ALL OIL is Bullish , But short term retracement is Due For sure
SIDE NOTE :- Even if Goes for New lower low profits Already Booked ,Over long term the previous Idea is Still valid (linked attached below)
USOIL catch 1100 pips and it may move upWe hold this trade almost a week, and catch 1100 pips!
at this moment, oil expect move a little down then keep to go up
but at this moment, the candle is not closed yet at the daily timeframe
once the candle is closed above the falling wedge, it may toward to 90 level
Let's be patient and wait the price retrace.
USOIL may breaks the falling wedge D1USOIL may formed falling wedge at daily timeframe
If the price breaks the falling wedge, expect to has a pullback then move up to the expected target arround 90 level
We need to focus on the top of wedge and observe how the price working.
It's a very long trades, hope you guys catch and enjoy profit and have a nice weekend.
Crude Oil Price Might Correct LowerCrude oil price is declining and remains at a risk of more losses below $70.
Important Takeaways for Oil
· Crude oil price started a fresh decline below the $70.50 support zone.
· There was a break below a rising channel with support near $70.40 on the hourly chart of XTI/USD.
Oil Price Technical Analysis
Crude oil price also started a fresh decline from the $71.65 resistance zone against the US Dollar. The price declined below the $71.20 level to move into a short-term bearish zone.
The price even settled below the $70.50 level and the 50 hourly simple moving average. There was also a break below a rising channel with support near $70.40 on the hourly chart of XTI/USD. The price is now trading below the 23.6% Fib retracement level of the upward move from the $64.35 swing low to $71.66 high.
Oil Price Hourly Chart
On the downside, an immediate support is near the $66.80 level. The next major support is near the $68.00 level. It is near the 50% Fib retracement level of the upward move from the $64.35 swing low to $71.66 high.
If there is a downside break, the price might decline towards $67.00. Any more losses may perhaps open the doors for a move towards the $65.00 support zone.
On the upside, an immediate resistance is seen near the $70.00 level and the 50 hourly simple moving average. The first major resistance is near the $70.50 level.
The next major resistance is near the $71.50 zone, above which the price might accelerate higher towards $72.20 or even $73.00. Any more gains might send the price towards the $74.20 level in th coming sessions.
Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.
OIL SELL POSITION I was anticipating a buy position on oil but it failed to break 82 dollar region where I plotted a minor zone. it has come down to break a very strong support, I'm watching out for weekly candle close and a retest to that zone it broke out from then I will be looking out for sells opportunity on 4hr Time frame.
Crude Oil Price Declines Further Crude oil price is declining and remains at a risk of more losses below $75.
Important Takeaways for Oil
· Crude oil price started a fresh decline below the $80 support zone.
· There is a major bearish trend line forming with resistance near $76.65 on the hourly chart of XTI/USD.
Oil Price Technical Analysis
Crude oil price also started a fresh decline from the $81 resistance zone against the US Dollar. The price declined below the $78 level to move into a bearish zone.
The price even settled below the $76.50 level and the 50 hourly simple moving average. A low was formed near $75.18 and the price is now consolidating losses. On the upside, an immediate resistance is seen near the $75.85 level.
Oil price Hourly Chart
The 23.6% Fib retracement level of the downward move from the $78.12 swing high to $75.18 low is also near the $75.85 level. The first major resistance is near the $76.65 level and the 50 hourly simple moving average.
There is also a major bearish trend line forming with resistance near $76.65 on the hourly chart of XTI/USD. The trend line is near the 50% Fib retracement level of the downward move from the $78.12 swing high to $75.18 low.
The next major resistance is near the $78 zone, above which the price might accelerate higher towards $80.00 or even $82.00.
On the downside, an immediate support is near the $75.20 level. The next major support is near the $74.50 level. If there is a downside break, the price might decline towards $73.65. Any more losses may perhaps open the doors for a move towards the $72.00 support zone.
Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.