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Oil

Bearish Cypher pattern seen in crudeoil 7-10-2022It is Bearish Cypher pattern crudeoil daily tf can give good fall from coming weeks. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code for diagonal trendlines: green - bullish , red - bearish , black & violet reversal points, Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
MCX:CRUDEOIL1!Short
by Elango-ragavan
Brent oil buyers need successful break of $100 to keep controlBrent oil crossed a downward-sloping resistance from mid-June to refresh the monthly top on Friday. However, a sustained break of the 100-day EMA, around $99.50 by the press time, as well as the $100.00 threshold, appears necessary for the buyer’s conviction. Following that, the black gold price could quickly rise towards the 50% Fibonacci retracement of the June-September downturn, near $105.00. In a case where the commodity remains firmer past $105.00, it can easily challenge the July 29 swing high surrounding $111.30. Alternatively, pullback moves could aim for the previous resistance line, around $95.20 at the latest, a downside break of which could tease the sellers. In that situation, the bear could aim for the weekly support line near $91.50 before rushing toward the $90.00 round figure. It’s worth noting that the oil’s sustained trading below $90.00 won’t hesitate to revisit the multi-month low marked in September, around $83.25. Overall, Brent oil prices recently overcame one key hurdle to the north but the buyers need validation.
VELOCITY:BRENT
by MTradingGlobal
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st support: 76.58 Next Zone area & horizontal swing Low support 1st Resistance 85.62 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade
1
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st support: 79.58 Next Zone area & horizontal swing Low support 1st Resistance 90.62 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade
Crude Oil USOIL Elliott wave countsAs per Elliott wave structure and along with running trend sequence USOIL Crude oil is looking sell now or on rise (if any) with invalidation level of $ 90.17 Also RK's mass psychological cloud is suggesting to go short Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:USOILShort
by RK_Chaarts