CFDs on Crude Oil (WTI)Updated USOIL Trade IDEA for upcoming session of Wednesday 15M TF
On looking at the chart of crudeoil on all timeframe i've figured out some levels to watch for today
S1 Zone - 69.680-69.700 ( represented as white line in chart ).
S2 Zone - 69.420-69.470
one of these zones should work as reversal zone of the instrument from there price should take rejection and should move to upside breaking of these zone's we should watch for the price reaction on 66.740-66.950 if this zone also breaks then we can see the levels of 65.500 til this level there is no support for now until new one create's.
and the Resistance Zone's are -68.480-68.620 if this level is breaked then look for 69.000-69.100 level and also on this level breaking price should reach 70.000.
Look for price reaction on every level and zone watch how it reacts to zone's and levels if rejection occurs then place trade according to that if continuation occurs then place trade according to that ( on breakout or breakdown it's good to place trade on retesting for better and safe trade's ,let's see how price react's.
S1 Zone - 69.680-69.700 ( represented as white line in chart ).
S2 Zone - 69.420-69.470
one of these zones should work as reversal zone of the instrument from there price should take rejection and should move to upside breaking of these zone's we should watch for the price reaction on 66.740-66.950 if this zone also breaks then we can see the levels of 65.500 til this level there is no support for now until new one create's.
and the Resistance Zone's are -68.480-68.620 if this level is breaked then look for 69.000-69.100 level and also on this level breaking price should reach 70.000.
Look for price reaction on every level and zone watch how it reacts to zone's and levels if rejection occurs then place trade according to that if continuation occurs then place trade according to that ( on breakout or breakdown it's good to place trade on retesting for better and safe trade's ,let's see how price react's.
Note
waiting for price to retest 2nd support once again i've missed prior touch down of support , clearly watch for price reaction here.Note
sorry for inconvience caused due to typo in writing down Support zone in place of R or vice-versa.Trade closed: target reached
price moved same as our levels and zone plotting ( inconvience caused due to typo mistake), now price reached the same level told in the chart.
Contact me on - t.me/at_Falcon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Contact me on - t.me/at_Falcon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.