(2-hour timeframe for WTI Crude Oil (USOIL).(2-hour timeframe for WTI Crude Oil (USOIL)), here’s the technical analysis and target zones:
🟦 Key Observations:
Price is trading in an ascending channel.
I'm using the Ichimoku Cloud for trend confirmation.
There are two clear target zones marked with arrows.
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🎯 Target Levels (as shown
USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 68.66
Target Level: 67.34
Stop Loss: 69.53
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CRUDE OIL (WTI): Will It Rise More?
Quick update for my yesterday's analysis for WTI Crude Oil.
As I predicted yesterday, the price went up to the target.
We got one more strong bullish confirmation after a New York
session opening:
the price violated a resistance of a horizontal range on a 4H time frame.
I think that the market
Strong USOIL Setup: Long from Support + 4.34 R/RHey Guys, hope you're all doing well!
I've placed a limit buy order on USOIL from a key support level. Below are the relevant levels for your reference:
- 🔵 Entry Level: 67.424
- 🔴 Stop Loss: 66.803
- 🟢 Target 1 (TP1): 67.908
- 🟢 Target 2 (TP2): 68.456
- 🟢 Target 3 (TP3): 70.036
📊 Risk/Reward R
Heading into 50% Fibonacci resitance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 71.43
1st Support: 65.55
1st Resistance: 76.08
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 a
Hellena | Oil (4H): LONG to 50% lvl Fibo area of 70.00.Colleagues, after a long break, I think it is worth returning to oil forecasts. The situation is stabilizing a bit and now I think that the price is in a strong correction (ABC) at the moment I see wave “B”, which may reach the area of 50% Fibonacci 70 level.
It is possible that wave “A” will conti
WTI Crude Oil Climbs Higher Amid Market OptimismMarket Analysis: WTI Crude Oil Climbs Higher Amid Market Optimism
WTI Crude Oil price climbed higher above $66.50 and might extend gains.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude Oil price started a decent increase above the $66.60 resistance levels.
- There was
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Displays a symbol's price movements over previous years to identify recurring trends.