US CRUDE OIL(#WTI) : Bullish Trend Continues📈USOIL is trading in a bullish trend on a 4H time frame.
After a prolonged upward movement, it started to consolidated within a horizontal range for a while.
Recently, the resistance of this range was breached, indicating strong buyer momentum.
I believe the upward movement may persist, potentia
Hellena | Oil (4H): SHORT to support area of 58.00.Colleagues, the previous forecast did not meet expectations for too long, and the price has been in a prolonged sideways movement.
In this regard, I decided to slightly revise the waves and make a new forecast.
At the moment, I believe that the price will resume its downward movement in the medium-
Oil Price Stuck Near $60 Amid Geopolitical TensionsOil Price Stuck Near $60 Amid Geopolitical Tensions
Oil prices remain near $60, driven by global uncertainty. In the Middle East, tensions persist as Israel continues its military actions in Gaza. Meanwhile, the war between Ukraine and Russia continues despite U.S. efforts to mediate. Reports indi
WTI Crude Oil sideways consolidation capped at 6360Trend: The sentiment remains bearish, in line with the prevailing downward trend.
Recent Movement: Price is currently in a sideways consolidation, suggesting indecision near short-term lows.
Key Levels
Resistance:
6360 – Key resistance and prior consolidation zone.
Above that: 6440, then 6530 –
USOIL next week trend analysis, hope it helps you
US WTI crude oil rose more than 4.5% in May, but OPEC+ agreed on Saturday to continue increasing oil production by 411,000 barrels per day for the third consecutive month. The market is preparing for a new round of supply injection from OPEC+, with hedge funds accelerating bearish bets on oil price
Market Analysis: WTI Crude Oil Price Could Gain Bullish PaceMarket Analysis: WTI Crude Oil Price Could Gain Bullish Pace
WTI Crude Oil is gaining bullish momentum and might even test $62.75.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude Oil climbed above the $60.50 and $60.80 resistance levels.
- There was a break above a key
USOIL Expected Growth! BUY!
My dear subscribers,
My technical analysis for USOIL is below:
The price is coiling around a solid key level - 60.68
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 61
WTI OIL The perfect scalping Rectangle.WTI Oil (USOIL) has been trading within a 3-week Rectangle pattern since the May 13th High and yesterday it got rejected on its top. This is a technical sell signal, with it natural target being the bottom of the pattern at $60.70.
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WTI CRUDE OIL: Going for a LH rejection. Sell signal.WTI Crude Oil is practically neutral on its 1D technical outlook (RSI = 55.991, MACD = 0.160, ADX = 24.748) as it's on the 3rd straight day of flat consolidation on the 1D MA50. The last time it did this was on April 2nd, which resulted in a LH rejection to the S1 level. As the presence of the R1 le
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Displays a symbol's price movements over previous years to identify recurring trends.