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) → bullish setuphello guys.
Trendline Break: The price has broken through a downward-sloping trendline, which is a potential signal for a trend reversal or continuation of the upward move.
Order Block Area: There is a highlighted horizontal zone (yellow) around the 70.30 level, which may act as a significant
USOIL Potential DownsidesHey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 73 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 73 support and resistance area.
Trade safe, Joe.
USOIL Is Going Up! Long!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 68.33.
The oversold market condition in a combination with key structure gives us a relatively strong bull
WTI Oil H4 | Pullback support at 50% Fibonacci retracementWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 68.63 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 65.05 which is a level that lies underneath a swing-low suppo
USOIL / UNDER BULLISH PRESSURE - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
currently prices trading above turning level at 78.74 , overall under bullish pressure.
In order for the price to reach 71.59, it first needs to establish a period of stabilization above two critical levels: 68.74 and 69.98. These levels act as key support
WTI Crude Oil | Catch The Long DipsTrading Dips when you have various resistance levels blocking your overall target is vital.
Don't hold for swings only, as you may get whacked lower.
usoillooking like more potential for sells after the break and then a clean rejection test of the rnd level.
Market Analysis: Crude Oil Price RecoversMarket Analysis: Crude Oil Price Recovers
Crude oil is recovering and might rise toward the $70.25 resistance zone.
Important Takeaways for Oil Prices Analysis Today
- Crude oil is recovering losses and trading above the $67.00 support.
- There was a break above a connecting bearish trend li
Will the rising tension in the Middle East boost Oil prices?Macro theme:
- WTI hovered around 72.50 dollars per barrel on Thu, attempting to recover from previous losses as markets considered potential supply risks due to rising tensions in the Middle East.
- The Fed also implemented a larger-than-expected 0.5% cut, which could stimulate economic activity an
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