berger paint fundamentals and panic criss cross crude is down is fundamental positive
market panic is near term negative
Crude Oil
WTI Crudeoil - Make or Break* Horizontal Trendline Support
* Rising Trendline support on RSI
#KeepItSimple
Crude Oil (Feb 5. 2020)Trend Reversal Done at Lower Time Frame and if took a buy entry @ 1.00 P.M its target got achieved with the help of Fib Extension!!!
Crude Oil Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 15 to 20 times.
CRUDE BUY SIGNAL BASED on 4hr CANDLE CLOSURECurde running 4hr candle closes above 57.35 will confirm the uptrend signal, where you can go for long in curde.. target 60.20 in 1-2 week of time.. continue uptrend till 64 level stop loss will be update once buy triggered.
CrudeOil (USOIL) buy setupBuy USOIL at CMP 58.30 and on dips upto 56.40
T1: 65.50
T2: 69.50
T3: 74.50
SL: 53.40
USOIL TRADE SETUP Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.66 where the hourly is turning down. While a bounce fails below there expect another swing lower to correct the cycle from the 10/3/19 lows.
CRUDE OIL CHART FOR THE DAY Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.68 and while a bounce fails below there expect another swing lower to correct the cycle from the 10/3/19 lows.
crudeoil trend for next week overall downtrend ....
this is short time long trend ....
RSI divergence in 2 hour chart
CRUDE OIL Will Turns into Bearish Trend SoonCrude Oil positional short good at 63.55 Level and target 1 = 60.88, then target 2 = 59.40, strict stoploss of 64.70.
US OIL Trading ViewUS OIL Trading View:
Current Price at 62.48 on Hourly Chart near the Support Zone.
Price action at support is interesting to see for the next move towards new high 65 or back to the trendline support around 61.30
Bulls will get active above 63.06
Bears will get active below 62.29
Positional short on Crude OilCrude Oil at resistance on daily chart- $60.3.
Positional Short with Stop loss $60.9 for targets of $57 - $55
Happy Trading!
Cheers.
Possibility of Crude moving further down to 57.5 Levels TVC:USOIL
1) Possibility of short-term downtrend to continue.
2) Price closed below the bullish trend line on daily candle.
3) Possible breakdown of 57.42 level on fibonacci.
4) Stochastic cross over with bearish direction.
Setup:
Entry = 60.35
SL= 61.55
TP1= 58.90
TP2= 57.5
us oil pretication for this weekweekly triangle breaked and taking support on previous week's resistance so up move expected.....
target 1 is $61 target 2 is $64
stop loss 54.90
Possible Crude Oil Short TradeTook Entry with small size to test this theory....
@ $59 (MCX 4204) Single lot stoploss at $60 (MXC 4272)
Please do not coy this trade ..... Feel free to correct me if i have missed any thing
