CFDs on WTI Crude Oil forum
USOIL Idea:(4H Timeframe) Analysis:"Take a look at my idea—400 pips successfully achieved! Feedback and insights are always appreciated. Wishing you all success in your trading journey."
USOIL 📊 USOIL Weekly Analysis Based on Main Key Levels
Current Market Price (DCMP)
The Current Market Price (DCMP) for USOIL is 74.01.
Key Levels
Resistance (Above DCMP)
🛑 Resistance 1: 73.57
🛑 Resistance 2: 74.02
🛑 Resistance 3: 74.75
Support (Below DCMP)
✅ Support 1: 72.12
✅ Support 2: 71.67
✅ Support 3: 70.94
Swing Levels
📈 Swing High: 71.38
📉 Swing Low: 68.47
Summary of Analysis
The current market price of 74.01 indicates that the key resistance levels above this price are 73.57, 74.02, and 74.75, while the support level below is 72.12. The swing high stands at 71.38, and the swing low is at 68.47.
Suggested Trades
📈 Intraday Buy Trade
Entry Price: ✨ 73.57
Stop Loss: ❌ 71.67
Take Profit 1: 🎯 74.02
Take Profit 2: 🎯 74.75
Reason for Entry:
The price is approaching a key support level at 73.57, which presents a favorable buying opportunity based on technical analysis.
📉 Intraday Sell Trade
Entry Price: ✨ 74.75
Stop Loss: ❌ 74.02
Take Profit 1: 🎯 74.01
Take Profit 2: 🎯 73.57
Reason for Entry:
Resistance at 74.75 indicates a potential selling opportunity, with targets set below this level.
Conclusion
This analysis provides a concise overview of key levels and trade opportunities for USOIL. By monitoring these levels, traders can make informed decisions in the current market environment. Happy trading! 🚀
USOIL it’s time 🧈🔪 sell and Forget GOODLUCK
WTI On the Hourly, a long rally lead to short consolidation to produce a Double Inside Day. There's an EXPLOSIVE move coming, based on that, either to the upside or the downside. The Hourly is in Bullish Market Bias.
WTI Ok, so that's what i see here:we are forming the 3rd Wave of a bigger Elliot wave (yellow letters)
the 3rd wave is like a small elliot pattern inside of the big wave. Wave 1 is often equal to wave 5. (white line)
Wave 5 Ends at the 61,8 Retracement of the overall Fall. here we can see a nice Reaction leading to a retrace. This retrace will form Wave 4. And as long as WAve 4 does not Cross Wave 1, its valid.
so i guess we see a on-going bullish trend near the green R&S Zone. this one is close above the firste Big Wave.
what do you think?
USOIL hmpv 😀 effect
USOIL next week big twist in market.HmpvUSOIL china announce lock down next coming days
WTI Why are the prices going up?WTI The Hourly remains in Bullish Market Bias. This long rally is nearing a top with a reversal coming that can either lead to a retracement (towards 72.931) and/or consolidation to form a new S&R Zone. If the bull run continues after that, then there's the Gap to close at 75.417.
