Could the price reverse from here?WTI oil (XTI/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 38.2% Fibonacci support.
Pivot: 72.44
1st Support: 70.26
1st Resistance: 75.15
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Xti
Bearish reversal?WTI oil (XTI/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support level.
Pivot: 709.24
1st Support: 68.44
1st Resistance: 72.88
Risk Warning:
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Bearish drop?WTI oil (XTI/USD) is reacting off the pivot which has been identified as an overlap resistance and could drop to the 1st support level which acts as a pullback support.
Pivot: 71.23
1st Support: 70.03
1st Resistance: 72
Risk Warning:
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Falling towards 38.2% Fibonacci support?WTI oil (XTI/USD) is falling towards the pivot which is a pullback support and could bounce to the 61.8% Fibonacci resistance>
Pivot: 71.28
1st Support: 69.93
1st Resistance: 73.77
Risk Warning:
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Potential bullish rise?WTI oil (XTI/USD) has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance which is a pullback resistance.
Pivot: 69.90
1st Support: 68.16
1st Resistance: 72.36
Risk Warning:
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Falling towards 50% Fibonacci support?WTI oil (XTI/USD) is falling towards the pivot and could reverse to the 1st resistance which has been identified as pullback resistance.
Pivot: 73.01
1st Support: 70.37
1st Resistance: 77.51
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bullish reversal off overlap support?WTI oil (XTI/USD) is falling towards the pivot which is an overlap support and could reverse to the pullback resistance level.
Pivot: 74.75
1st Support: 73.07
1st Resistance: 78.53
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Potential bullish bounce?WTI oil (XTI/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level which acts as a pullback resistance.
Pivot: 69.90
1st Support: 67.81
1st Resistance: 73.04
Risk Warning:
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Brent crude oil looks into the abyss: first $36 then $27 Brent oil is in the giant range of $16 and $150
The price is in the decline within the red large leg 2 down.
It consists of 2 white smaller legs.
Leg ii is in the progress after a small consolidation (blue).
The first downward target is at the bottom of red large leg 1 at $36
The next target is located at the equal distance of red large leg 1 in second leg at $27
Saudi Arabia gave up oil target of $100 to increase output.
Cooling Chinese economy is also a bearish factor.
Bearish drop off pullback resistance?WTI oil (XTI/USD) has reacted off the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 72.56
1st Support: 70.33
1st Resistance: 74.76
Risk Warning:
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Bearish reversal?WTI oil (XTI/USD) is rising towards the pivot and could reverse to thee 61.8% Fibonacci support.
Pivot: 72.56
1st Support: 68.16
1st Resistance: 75.18
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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WTI OIL📊 #XTIUSD
⏱ TIME: 1w
📝The price has dropped a lot, there is an important range ahead, $63 (blue box), it seems that it can have an upward movement from this range.
⭕️risk: high
📍buyzone: 64.30 - 62.11$
📌TP1: 72 $
📌TP2: 77 $
⛔️: If this range is lost, the analysis will fail and I will update the analysis
Heading into 38.2% Fibonacci resistance?WTI oil (XTI/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support identified as a pullback support.
Pivot: 75.42
1st Support: 72.62
1st Resistance: 77.51
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Potential bullish rise?WTI oil (XTI/USD) is reacting off the pivot, acting as an overlap support, and could rise to the 1st resistance.
Pivot: 75.31
1st Support: 72.63
1st Resistance: 78.30
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Falling towards 50% Fibonacci support?WTI oil (XTI/USD) is falling towards the pivot which acts as an overlap support and could bounce to the pullback resistance.
Pivot: 75.31
1st Support: 73.99
1st Resistance: 77.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bearish drop?WTI oil (XTI/USD) has reacted off the pivot and could potentially drop to the pullback support.
Pivot: 77.16
1st Support: 75.92
1st Resistance: 78.23
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Heading into 38.2% Fibonacci resistance?WTI oil (XTI/USD) is rising towards the pivot and could reverse to the pullback support.
Pivot: 75.95
1st Support: 72.88
1st Resistance: 77.55
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bearish reversal for the WTI oil?The price is rising towards the pivot which has been identified as a pullback resistance and could reverse from this level to the pullback support.
Pivot: 80.83
1st Support: 77.50
1st Resistance: 83.49
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bearish drop?WTI oil (XTI/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support level.
Pivot: 79.45
1st Support: 77.50
1st Resistance: 80.73
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bullish bounce?WTI oil (XTI/USD) is falling towards the pivot and could potentially bounce from this level to the 1st resistance.
Pivot: 80.98
1st Support: 79.44
1st resistance: 83.06
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bearish drop off 50% Fibonacci resistance?WTI oil (XTI/USD) is rising towards the pivot and could drop from this level to the 1st support which acts as an overlap support.
Pivot: 83.19
1st support: 80.90
1st Resistance: 84.34
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bearish drop?WTI oil (XTI/USD) has reacted off the pivot and could potentially fall to the overlap support.
Pivot: 83.19
1st Support: 80.90
1st Resistance: 84.34
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could price fall from here?WTI oil (XTI/USD) is rising towards the pivot and could potentially reverse to the 50% Fibonacci support.
Pivot: 84.75
1st Support: 82.64
1st Resistance: 86.21
Risk Warning:
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