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Crudeoil!

Crude oil 4h chart, technical looks weak.Crude oil 4h technical-looking weak. Bear pennant on the price itself and a rising wedge on 4h RSI both combination suggests a strong bearish sentiment. upcoming week we can witness so many stupid repeated news like economic slowdown, trump - china, Iran war, trade war,. and so many never-ending shits. so, technically we have to gauge the price where it's heading next. Expected short term target 50 and 48. Reasons and Confluences: 1. Bear pennant on the price itself. 2. Rising wedge on the 4h RSI. 3. Elliott Wave ABCDE pattern.
TVC:USOIL
by Ilikethehell
Will crude oil hit the level of 56 or break the level of 53CrudeOil Analysis based on trend analysis. Trend After the fall from the level of 59, seems to have some bounce from the low level of 51. Now the trend is not bullish nor strong bearish based on the current level of holding. Analysis On my analysis, may have good entry at the lower level of 54 with the SL of 52.50 and the target of 56 to 56.50 level. But if breaks the support of 53, then it will leads to continue the bearish mode. Need to watch for the entry for long. Note Safe traders - better to avoid the risk until the trend get the clear view. Risk traders - avoid to take huge quantities. Regards Manikkam
NYMEX:CL1!Long
by UnknownUnicorn5317514