Crude Formed Round bottom. looking good above 5515, for target up to 5650 - 5675
After nearly 4 months of consolidation, US OIL about to break the crucial zone of 67-68 to witness 75 levels. The bullish momentum above that can zoom the price like anything!
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Crude oil need to reversed from cmp tgts marked blue color n sl marked in black color Take your own analysis before entry
We already expecting Head n Shoulder pattern in Crude. Now we have Bearish Bat also hope fully we can get good profit. Entry n Exit SL marked in chart. Take your risk and enjoy
Let us have a look at USDWTI Crude Oil Chart Daily chart shows crude oil trading in the ascending triangle. WTI Crude Brake and sustain above 67 levels we can see the higher levels towards 74.25 levels which offers a very good risk reward as one can keep stop loss below 64 levels. From the weekly charts you can observe the WTI Crude Break Out already happened...
Strong Uptrending price , making HH HL. May break strong resistance at around 128-131, if oil produces from the eastern offshore field (tentative end of June).
CRUDE OIL POSITIONAL VIEW Symmetrical Triangle Breakout in Established Up-Trend RSI Sustaining above 60 Level Look it for Bullish Entry Above 5080 or Between 4900-4950 Target - 5300/5700 Stop Loss - Daily Closing below 4890
Crude levels ...07/06/2021 (1Hr candle)
If weekly close is above black horizontal line then crude may go up further from the current level...
Analysis of US oil in 30 mins time frame Breakout initiated, retesting took place for LONG Self explanatory chart For educational purpose. Feel free to share your views Trade at your own risk Like & share as a token of appreciation
Crude levels ...31/05/2021 (1Hr candle)😊
Ascending triangle kind of pattern is emerging with higher lows former on the lower end of slope. It gives strong support to idea that once it gives close above swing high resistance then next level could be 5700+. All EMAs are rising. Swing low will be the sl or close below the lower end of slope will be exit point. Disc : it's not an investment advice to buy or sell
CRUDE levels ...24/05/2021 (1Hr candle)
As you can see Crude oil in uptrend, if not break 4840 in forthcoming sessions, it may fall till 4586 to complete ABCD pattern and can get a reversal PRZ there in coming week. It is just for a view
Execute Short below 4850 if the RSI and price breaks the trendline downside with 15 mins candle close for a target of 65 points minimum. Kindly share your valuable feedback. Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.