BIG Clue: USOIL Price Compressing Above ResistancePrice is currently compressing, and suggests that a strong impulsive move is likely once price strongly escapes the structure.
See how price has been pressing directly against the upper trendline. This is an area to pay close attention to because repeated tests of this descending resistance can wea
OIL Is Cheap For A ReasonOil is cheap because the global economy sucks! And it is "sucking" more and more every day. That's why Oil is on sale! Cheap! Cheap! And likely going to get more "cheap! cheap!" Me love you long time! Before I continue, story time.
In 2008, I could not convince anyone for the life of me that "PEAK
Hellena | Oil (4H): LONG to the area of the maximum of wave “1”.Colleagues, I believe it is necessary to update the forecast slightly. Overall, it remains unchanged, with an upward movement expected.
At the moment, I believe that the higher-order wave “B” has formed, and now in wave ‘C’ I see a five-wave movement “12345”.
I expect wave “3” to begin its movement
OIL: Bullish Harmonic Reversal in PlayOIL: Bullish Harmonic Reversal in Play
Crude Oil has completed a clean bullish harmonic pattern.
The price is currently stabilizing above the recent low, showing early signs of a potential bullish reversal.
As long as Oil holds above the D-point support, the harmonic pattern suggests a recovery
Market Analysis: Oil Price Gains TractionMarket Analysis: Oil Price Gains Traction
Crude oil price is recovering and it could climb further higher toward $62.00.
Important Takeaways for Oil Price Analysis Today
- Crude oil prices are moving higher above the $59.00 resistance zone.
- There is a connecting bullish trend line forming w
USOIL, Big Money Breaks Defense, Bullish Continuation SetupPrice has officially broken above the Big Money protection zone after multiple strong reactions at the VShark Order Block.
Rising volume confirms real participation, not a false breakout.
This structure shift signals a renewed bullish phase for USOIL.
Buy zones are defined as follows:
🔵 Buy Zone
USOIL Bullish strong from key support area 🛢️USOIL Update – Bullish Setup from Key Support Zone 💹
USOIL is showing strong bullish momentum after reacting from the 58,200 support & liquidity zone.
If the momentum continues, here are the technical targets on the 1H timeframe:
🎯 1st Target: 58,600
🎯 2nd Target: 59,200
Always remember:
⚠️ Use
WTI OIL 1.5 month Channel Down started new Bearish Leg.WTI Oil (USOIL) has been trading within a 1.5-month Channel Down (since the October 4 High), that priced last Friday its latest Lower High, this time above the 1D MA50 (red trend-line).
That initiated the new Bearish Leg (also confirmed by the 4H RSI rejection at the top of its range). All 4 previo
US Crude Oil (WTI) is moving lower to complete the 5th waveBroke out of the corrective channel formation to the downside. We continue to make lower lows and lower highs, highlighting downward momentum.
The next substantial target/support level is at $57.74.
This would be the completion of a bearish Elliott Wave count (five waves).
Resistance is located a
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Displays a symbol's price movements over previous years to identify recurring trends.









