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 Long Setup: Targeting $69 โ Bullish Momentum in PlayUSOIL Long Setup Analysis: Targeting $69 with Bullish Momentum
Technical Analysis: The current price action shows USOIL trading at $70.51, demonstrating a recovery from a key liquidity pool zone. Technical indicators support this bullish outlook, with the 50-day SMA at 69.34 and 200-day EMA at 69.3
USOIL Short Trade Idea โ Targeting $55.05 from $61.00Entry Point: ~61.00 USD
Stop Loss (SL): 64.77 USD
Target (TP): 55.05 USD
Risk/Reward Ratio: Favorable
Risk: ~3.77 USD
Reward: ~5.95 USD
Approximate R/R ratio: 1:1.58
๐ง Strategy Insight
Trend Context:
Prior to the entry zone, price shows a strong downtrend.
The price retraced upward into a r
Oil Market Watch: Corrective Patterns, Geopolitical Triggers So far, there have been no deviations from the expected scenario. The price appears to be forming a corrective pattern around a critical trendline. Last week, we anticipated movement under the "red scenario," but the "black scenario" now seems more likely. However, post-Iran news developments might
What Happens to Global Markets When the Ukraine-Russia War Ends?What Happens to Global Markets When the Ukraine-Russia War Ends?
The end of the Ukraine-Russia war will undoubtedly impact major global markets,
hereโs what we can expect:
Oil Market : With tensions easing, oil prices could drop as supply concerns lessen and sanctions ease. However, global dema
USOIL Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for USOIL below:
The price is coiling around a solid key level - 61.43
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal
WTI Wave Analysis โ 8 April 2025
- WTI broke the long-term support zone
- Likely to fall to support level 55.00
WTI crude oil recently broke the long-term support zone set between the support levels 60.00 and 65.00. This support zone has stopped all downward corrections from the middle of 2021.
The breakout of this supp
Remove Impulsiveness by planning your trade!! BUY OIL All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain dir
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Displays a symbol's price movements over previous years to identify recurring trends.