USOIL Back to back XABCD patternUSoil has created a lower low on a daily chart. In the process, XABCD pattern gives us an indication of a bullish movement.
TP and SL are marked.
Always follow risk management.
WTI - LONG SHORTThought I'd publish my first idea to the community. All things being equal , this will be my game plan for the rest of 2024.
Retest ~ 70.5 - 70.65 (Rejection)
Long Entry ~ 67.2 - 66.85 S/L 66.65
TP1 ~ 77.2 - 77.85 ( with rejection candle)
Long Entry ~ 70.6 - 70.5 ( on rejection)
TP2 ~ 79.2 - 79.5
Oil Price Analysis: Key Areas to WatchOil Price Analysis: Key Areas to Watch
In this video, I explain the current price position of oil and the possible scenarios from a weekly perspective.
The short-term trading charts are not showing any clear signals at the moment.
For more details, you can watch the video.
Thank you:)
Crude Oil Down to SPR Refill Level SupportThe politically motivated push to depress oil prices and drain the Strategic Petroleum Reserve created a PRICE LEVEL in the crude oil market which has proven twice to have strong overhead resistance.
The FLIP-SIDE of that SPR DRAIN LEVEL is that SPR-REFILL LEVEL and we are down low enough where it
WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 68.80 which is an overlap resistance.
Stop loss is at 71.65 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance.
Take p
USOIL (WTI) 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
USOIL Potential DownsidesHey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 72 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 72 support and resistance area.
Trade safe, Joe.
STRONG BULLISH RALLY IN OIL | LONG OILCurrent Market Analysis:
Oil has recently reached an 18-month low, now priced at $66.8 per barrel. Historically, oil remains a highly valuable market asset. Given the consistent increase in global energy demand over time and the current pricing, there's a strong indication that oil may have reached
USOIL: Long Trade with Entry/SL/TP
USOIL
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USOIL
Entry Point - 68.08
Stop Loss - 66.47
Take Profit - 71.28
Our Risk - 1%
Start protection of your profits from lower levels
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WTI OIL BULLISH REVERSAL My first try to publish an idea.
Possible bullish reversal on WTI OIL using XABCD Pattern which is almost on the dot with Fibonacci levels. Strong buy? Your comments and criticisms are very welcome!
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