USOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TREND

26. Aug.

USOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TREND

According to this technical analysis, the current trend indicates an upward movement for USOIL. Prices are trading above moving average intersections, and the MACD indicator shows positive signs. Considering this, we can consider buying from the current price of $75, with a profit-taking target around $76 per barrel. Additionally, some traders expect the price to rise further, potentially targeting the resistance area around $80. Keep an eye on the market developments and adjust your trading plan accordingly!

1. Technical Analysis:
1. Trend: The current trend for USOIL is bullish.
2. Moving Averages: Prices are trading above key moving averages, which is a positive sign.
3. MACD Indicator: The MACD indicator also shows bullish momentum.

2. Price Levels:
1. Current Price: $71.74 per barrel.
2. Profit Target: Consider buying with a profit-taking target around $75.57 per barrel.

3. Potential Upside:
Some traders expect the price to rise further, potentially targeting the resistance area around $80.00.

LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.

26. Aug.

Anmerkung

26. Aug.

Anmerkung

27. Aug.

Trade ist aktiv

Thanks for support and comment, The target had been achieved 50% already and the patience is required till next updates.

27. Aug.

Trade ist aktiv

Your patience will be more important to deal with the trading, use proper risk and money management for safe and secure trading. For more updates keep following me.

27. Aug.

Trade ist aktiv

Mostly the half of the target had been achieved but due to some recent data the price of the Oil fell down little bit due to middle east tension.

28. Aug.

Trade ist aktiv

1. Trend Analysis:
The trend appears to be bullish, supported by the 50-day Simple Moving Average (SMA) at approximately $75.77 and the latest Exponential Moving Average (EMA) (20) at around $75.92.

2. Volatility and Momentum:
The Average True Range (ATR) shows an increase in market volatility, with a recent value of 0.31586.
The ADX (Average Directional Index) is rising, indicating strengthening trend momentum.

3. Oscillators:
The Relative Strength Index (RSI) is at 61.41, suggesting bullish momentum.
Other oscillators (such as Stochastic %K, Commodity Channel Index, and Awesome Oscillator) are not specified in the image but can provide additional insights.

4. Price Levels:
The chart features a yellow shaded area labeled “Break-Out,” indicating a significant price movement beyond this zone.
An upward arrow points to two horizontal lines labeled “Entry” and “Target,” suggesting potential entry and profit target levels.

28. Aug.

Trade ist aktiv

Getting strong move before in the uptrend direction now the price of the Oil is decreasing due to recent tension in the middle east. Now the analysis is running in the red margin, I will look for another setup to avoid this loss but now keep patience for more updates related with this analysis. Thanks

28. Aug.

Trade ist aktiv

USOIL: The market price is at 76.07, up 1.0% from the previous close.

Levels of Resistance and Support As of right now, the resistance levels are 76.50, 77.00, and 77.30, and the support levels are 75.45, 75.00, and 74.50. 75.87 is the pivot point.

Symbols With the RSI at 66.11, bullish momentum is evident. The ADX indicates a strong trend at 51.01, while the ATR consistently declines, indicating decreased volatility. The 200-day EMA and the 50-day SMA are also rising, which supports the bullish outlook.

Sentiment of the Market Bullish momentum is probably in play because the market price is above the pivot point of 75.87.

29. Aug.

Trade ist aktiv

I am closely monitoring WTI crude oil prices. Currently, the price hovers around $74.62 per barrel. My target is $80.00, and I am waiting for it to reach that level without triggering the red margin stop line. Keep an eye on those levels, and I hope it reaches my desired price soon! 🛢️💰📈 Now the target may take more time before which is provided on the chart but with patience we will achieve the target very soon.

29. Aug.

Trade ist aktiv

West Texas Intermediate, the usa crude oil benchmark, is buying and promoting around $75.15 on Thursday. The WTI charge edges decrease as customers are concerned approximately slower economic boom in China. however, oil deliver dangers within the center East and Libya may help limit the WTI’s losses.

29. Aug.

Trade ist aktiv

Hello Trader, now again we are in the track back to achieve the target. Running bit in the red zone but it pulled into the direction again to be in my direction which was already forecasted that it will reach the 80.00$ the next target.

LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.

30. Aug.

Trade ist aktiv

31. Aug.

Trade geschlossen: Stop wurde erreicht

After quickly achieving 50% of its target, USOIL encountered significant resistance and ultimately hit the red margin zone completely. This indicates a critical level where selling pressure intensified, preventing further upward movement. The red margin zone often represents a key resistance area where traders anticipate potential reversals or consolidations.

Given this scenario, it's essential to exercise patience and wait for more updates before making any further trading decisions. The market's reaction to this resistance level could provide valuable insights into future price movements. If USOIL manages to break through this zone, it could signal a continuation of the bullish trend. However, if the resistance holds, it might lead to a period of consolidation or even a potential pullback.

Monitoring key indicators, such as trading volume, price action, and any relevant news or economic data, will be crucial in determining the next steps. Staying informed and being patient will help in making well-informed decisions in this volatile market environment.

Are there any specific indicators or news events you're particularly focused on for further updates?