My dear friends, Please, find my technical outlook for USOIL below: The instrument tests an important psychological level 75.35 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 75.86 About Used Indicators: Super-trend indicator is...
Technical analysis of crude oil Daily resistance 78.4, support below 72.7 Four-hour resistance 76, support below 75-73.8 Crude oil operation suggestions: Crude oil fell first and then rose last week. The weekly line is in a wide range of fluctuations, and there is no strong unilateral trend. In the form of repeated tug-of-war between long and short positions, pay...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 76.59 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 79.00 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is at...
Hello Traders. The Monthly candle has flipped bullish and the weekly candle is pushing for new highs as the 3rd Asian session of the week kicks off here. Monday was super bullish and today's tuesday candle closed bullish after a late NY bullish push. We observed (4) 4hr candles print bearish consecutively only to be overshadowed by a large bullish candle that...
Return to Upward Channel and previous resistance - become now bottom support. After return to channel we have Summer natural high to support pure lambo mode...
Good Evening and I hope you are well. overall market comment Markets went mostly flat today. Dax sears tried and were rejected again and sp500 and nasdaq made higher lows and lower highs. Markets are forming triangles which means we are in breakout mode again. No surprise moving into CPI and FOMC this week. I expect more sideways movement until...
After a lavish bullish Monday the next target is the Daily FVG. Pretty simple I have a 1hr fvg box if you can see it... that is where price should stay above for price to navigate higher prices heading into NY Tuesday.
Markets Sold off on Friday...just barely. Interest rates surging. Dollar above 105 FOMC Wednesday at 2pm CPI Wednesday 8:30am Energy: Oil, Uranium & Nat Gas setting up for some trades.
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
Good Evening and I hope you are well. wti crude oil futures Quote from last week: bear case: Bears sold 80 again and will probably take profits here at 77 or try to get 76 again. If they get a breakout below, we will probably test 75, which is a price I thought we would test for 5-7 weeks now. It’s a bad sell here at 77 for bears so best they can get is...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
#USOIL As predicted last time, we observed a significant drop following the breakout identified in the bullish channel. Currently, we see consolidation, a bearish impulse, and now a pullback. We anticipate another downward movement once the current bullish impulse concludes. This is expected to retest the recent lows near the major demand zone previously highlighted.
Staying above 50 DMA is a good sign for LIOC. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content...
Hey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 73.90 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 73.90 support and resistance area. Trade safe, Joe.
OPEC cuts lead to lower oil, not higher oil prices. That is why they are cutting . If Global demand was there they would not be cutting they would be selling as much as they can at higher prices. I see too many people get this backward.
This is Part 2 of the Weekly Forex Forecast. Click the link below for Part 1! In this video, we will cover: S&P500 NASDAQ DOW JONES GOLD SILVER WTI CRUDE OIL Enjoy! May profits be upon you.
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Assalamualaikum wbt and Good Day to fellow traders! From my rather simplistic view, the overall two-hour time frame (TF2hr) chart seems to indicate that the prices for WTI Light Crude Oil ( NYMEX:CL1! ) could go further south at least for the time being. The further potential weakness is being reinforced by the significant key moving averages (in this case ...