🛢️ Time Frame: 1 Hour
📉 Status: Bearish
📅 Date: 11.03.2024
🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range.
🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data.
#OilMarket #TradingAnalysis
US Oil taking support at 144 EMA in daily chart. But, mere a touch is not important. Let it stay above it for atleast 3 hours but 16 hourly more candles from here i.e after 12:30 today. it will give a clear picture. So, have patience and watch till tonight and reap results from Tuesday onwards. Till 21st March it remain volatile.
Next target 94.
Disclaimer:
I...
Price Levels Buy only above 77.8, 78,48, 79.2 for today
Time candles
3-11-24 6:37 AM (Pivotal)
3-11-24 11:03 AM
3-11-24 3:29 PM
3-11-24 7:55 PM
3-12-24 12:22 AM
US Oil making lower start and is in the process of completing inverted head and shoulder pattern. Please read the instructions on the chart above price and time levels today. 3-11-24 6:37 AM candle...
US - Oil is making higher highs and due for a immediate target of 83.
Please read the notes as mentioned on the chart. Watch candle of 4:30 p.m. and buy above high of it and sell below.
Disclaimer: I am not a registered analyst with any National/International agency. It is only for educational purposes. Please consult your financial advisor before making any...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (04-03-2024)
Current price- 79.64
"if Price stay above 77.70 then next target is 80.80 and 81.90 and below that 76.40
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
USOIL SWING TRADE
Usoil 1hr Order Block This Order block is vimp because its
1 hr + 4Hr Demand Zone.
At this level we can see some Liquidty pool.
Here we can take trade with 5 min CHoCH.
Follow for Daily Forex Update
Note - Only for education purpose.
Swing Trade in Usoil
Usoil i mark 15 min Order Block Here Usoil make some noise (Liquidty pool) then
we will see Upside Movement. It can be swing Trade.
My Target is 78.07
Note - Only for education purpose.
Iike the post if you like. .
Special Note: Marked are two white horizontal lines with 77.88 as the high on the chart, if price remains above this it is now going for long- term bullishness.
Please read the notes as mentioned on the chart and act accordingly.
Candles of 9:30 a.m., 3:30 and 10:30 need to be watched on Monday. Out of these 10:30 candle is going to decide the future...
After 5months of rigorous compression it nears its long term resistance trendline
With VCP pattern its likely to break resistance forming upthrust candle.stop loss closing below the rising support trendline
As discussed in previous post, I was looking for a MSS on 15M timeframe.
Now there is an OB with imbalance on 15M Timeframe. Our entry is the OB and SL will be above OB.
Feel free to share your perspective and questions.
XTIUSD (US Oil) is in an hourly time frame order block, if it shows a lower time frame (15 M) market structure shift (MSS) with leaving a clear order block with an imbalance behind, then the price returning to it will be entry for a sell side with a valid stop loss and target ( the next liquidity pool ).
I hope you understood the idea, any comments and doubts are...
Timeframe: 1 Hour
Bearish below :77.45
Crude oil may turn bearish below $77.45, with a target of $77.00. The 1-hour timeframe suggests a range-bound movement if it fails to sustain above $77.50 after hitting a high of $78.00.
-The yearly growth in oil supply from non-OPEC countries to be 700,000 barrels per day from 2024 to 2029.
-The forecast is that Brent oil...
