IF crossed 2980-3000 level next level will be 3150 and if again facing same resistance at 2978-2980 near level than downside range will be 2800.
we can for intraday basis long from hear .. if it comes down more avarage at 2995 ... Have a Profitable day
Now we are in our way of positional target 3048 & 3131 ... yesterday new high 3033... so we can hold for the targets ... This chart is for intraday basis ...
TVC:USOIL support resistance of crudeoil USOIL WTI LET SEE WHAT CANDLE DO
Crudeoil retracemnet done and now we can go for long
US oil cyclic retracement completed and downtrend breakout done .. so we can go for long
Crude oil is moving in an ascending triangle which faces long term resistances at 41.6-42.4. Focus should be either on a breakdown from ascending triangle or breakout from 41.6-42.4 resistance for major move. Meanwhile, one can play the range keeping lower end of ascending triangle as SL and look for 41.6 USD. Views are for educational Purpose only.
Crude Oil has moved swiftly from April lows and facing stiff resistance at 41.61-42.4 USD levels. If crossed weekly, we may see 50 USD in long term. Sharing Short Term View in Daily Chart in another Post
TVC:USOIL support resistance of crudeoil USOIL WTI
* might go up with the support of Q4 results * fundamentally strong stock * Can see a huge gain in the upcoming days
Volume is increasing, Price is moving up. Volume is decreasing, price is coming down. This week crude may fall upto the support line.
Bullish sentiment can be witnessed on the last day of the week
Look for W patterns on US Chart Draw a Trend Line on Upper and Lower sides of W These Lines can give better view on resistance and support