Hellena | Oil (4H): SHORT to support area of 65.944.Colleagues, I previously recommended moving trades to break-even, and for good reason. It is always necessary to hedge and reduce losses—this is part of professional work.
(Breakeven=Risk Free: Move Stop loss to the entry level).
The price has nevertheless shown a stronger correction, and I now bel
USOIL declines for the 3 days in a row. What's next?USOIL declines for the 3 days in a row. What's next?
Since the last post the USOIL has already declined on 2.5%, currently rebounding from SMA50 on 4-h chart. 2 main reasons are behind this.
On August 3, the Organization of the Petroleum Exporting Countries and their partners, collectively known
Oil Faces Bearish Turn After Speculative SpikeOil Faces Bearish Turn After Speculative Spike
Since June 24, 2024, when oil prices reached $64 entered a 38-day bullish correction. Based on the chart, this move appears to be forming an ABC corrective pattern, which may now be nearing completion.
From here, a renewed decline is likely, with pot
USOILUSOIL price is now testing the support zone of 64.72-63.88. If the price cannot break through the 63.88 level, it is expected that the price will rebound. Consider buying in the red zone.
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USOIL Technical Analysis! BUY!
My dear followers,
I analysed this chart on USOIL and concluded the following:
The market is trading on 67.25 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 68.74
About Used Indicators:
A super-trend ind
USOIL Is Bearish! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 69.178.
Due to the fact that we see a positive bearish reaction from the underlined area, I
Crude Oil’s $70 Surge Still Faces 3-Year Channel ResistanceAlthough news points to a crude oil price surge, technical analysis indicates price cap risks remain within the borders of a 3-year descending channel.
Should a clear hold emerge above the $70 barrier, the bullish rebound in price action from the $64.40 zone, in line with the weekly RSI’s rebound
Oil Prices Form Bearish Head & Shoulders – Key Neckline in FocusWTI crude oil is showing a clear Head and Shoulders (H&S) pattern, which is a strong bearish reversal signal. The left shoulder formed in early July, followed by a higher peak forming the head in mid-July, and finally the right shoulder near the current levels, which is lower than the head. The neck
USOIL 2H – Trendline Break Sell Setup✅ Key Observations:
1. Chart Type: Candlestick chart (2h interval).
2. Trend Line: An uptrend line (red) is drawn, now broken to the downside.
3. Ichimoku Cloud: Price has broken below the Ichimoku cloud, signaling potential bearish momentum.
4. Red Arrow: Indicates a potential short entry po
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Displays a symbol's price movements over previous years to identify recurring trends.