Hellena | Oil (4H): SHORT to support area of 55.204.Colleagues, I believe that the price will continue its downward movement. At the moment we are observing a combined correction. I expect the completion of wave โYโ. Even if it is already completed, the price is still waiting for a downward correction to the support area of 55.204. Therefore, I think
US CRUDE OIL (#WTI): Intraday Bullish ReversalUSOIL reached a significant level of support last week and formed an inverted head and shoulders pattern before bouncing back and breaking through a strong downward trend line.
This indicates strong buying pressure and suggests that the market may continue to rise. The next resistance level for to
WTI Crude Oil Bearish Reversal Setup โ Short from Resistance ZonEntry Point: 62.66 USD
Stop Loss: 65.26 USD
Target Point (Take Profit): 55.09 USD
Indicators:
EMA 200 (blue): 60.92 USD โ long-term trend indicator
EMA 30 (red): 60.75 USD โ short-term trend indicator
Analysis:
1. Bearish Setup:
The price is approaching a key resistance zone marked by the
USOIL MARKERT ANALYSIS AND PRICE PREDICTIONUSOIL, is currently consolidating at the over sold position, the decision will favor the Bulls, The Bulls will drive the price up to the Bearish Institutional Renegotiation Zone at 79% Premium price of 69.15. There USOIL will consolidate again and drop down in price as the Bear will take over again.
The new US sanctions on Iranian oil have set off the marketThe Trump administration announced a new round of sanctions on Iran's oil exports ๐ก, aiming to increase pressure on Iran by ramping up efforts when the tensions over Iran's nuclear program are intensifying ๐ซ. A statement from the US Treasury Department said that President Trump was stepping up the "
XTI/USD "WTI LIGHT CRUDE OIL" Heist Plan (Scalping/Day Trade)๐Hi! Hola! Ola! Bonjour! Hallo! Marhaba!๐
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WTI CRUDE OIL: Channel Down bottomed. Buy opportunity.WTI Crude Oil is heavily bearish on its 1D technical outlook (RSI = 38.039, MACD = -2.310, ADX = 38.046) as it is trading inside a Channel Down for more than 1 year. Last week's low has made a technical LL at the bottom of the pattern and the current consolidation indicates that this may be an attem
WTI Oil Inverse Head & Shoulders looking for a 4H MA50 break-outWTI Oil (USOIL) has formed an Inverse Head and Shoulders (IH&S) pattern, which is a technical bottom formation that signals the trend change to bullish.
So far the move is limited by the 4H MA50 (blue trend-line) which has 2 rejections already and is keeping the bullish break-out from happening.
I
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Displays a symbol's price movements over previous years to identify recurring trends.