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Crudeoilforecast

CRUDE OIL TO CONTINUE LOWER TO COMPLETE ITS FINAL LEG DOWNCrude Oil is left with some more beating Trade Plan 1 Short sell for immediate target of $21.76 Continuing its downward move which should conclude near $21.76 if EOW ((C)) and Trade Plan 2(will be active only after trade plan 1 reached target) Short sell for deeper target of $9.83 EOW 3 of Y around same level of $9.83 of cycle wave We can see sharp reversals from the levels mentioned Happy Trading Respect Risk View are for EDUCATIONAL PURPOSE ONLY ....Trade at your own risk
TVC:USOILShort
by DhirajSinghBais
1
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
Crude oil 4h time frame formed an H&S. looking for bearish dip.Crude oil 4h time frame. formed an H&S. price consolidating at right shoulder forming a bull flag pattern, wait for breakout to downside and put stop above right shoulder targeting 53.92, 51.85. Reason: 1. confluence is that price reached at 50% and 61% fib level from head to right shoulder impulsive extension. 2. confluencce 4h time frame RSI is at extrem overbouhgt zone and 2h time frame RSI making bearish divergence.
TVC:USOIL
by Ilikethehell
2