USOIL Symmetrical triangle pattern formation at 30 mins TF
USOIL Descending triangle pattern formation at 30 mins tf
USOIL Parallel channel formation in 1 hour TF
USOIL Descending parallel channel in 15 mins TF
NSE:BPCL A beautiful pattern with healthy corrections, makes BPCL a low-risk buy at CMP. Targets mentioned. Check my previous update on BPCL down below for support on smaller time frame. Thank you!
USOil monthly chart on 06-12-2020
Midterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 46.30, 48.70, 50.70 and more heights is...
Crude levels ...07/12/2020 (1hr candle)
Important support and resistance areas for USOIL WTI CRUDEOIL for coming Monday 07th Dec 2020
analysis mentioned on the chart.
this is for study purpose only, not a recomendation .
According to this chart, crude oil will keep moving forward and hit the following targets: 3600 - 4000 - 4400 - 4800 . Here value 1 of retracement will react as support. And consecutive breakout of this support is a direct sign of a downtrend. It can be up to 0.886 (2982) to 0.786 (2735). You can use it as a target.
crude oil sell at 3322 Stop loss at 3344 Target 3230