Midterm forecast: . While the price is below the resistance 46.50, beginning of downtrend is expected. . We make sure when the support at 40.00 breaks. . If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08...
Crudeoil sports clear 5 waves with wave 5 taking the form of a diagonal triangle. Crudeoil should head down for a few weeks to months.
Crude levels...04/09/2020 (1hr Candle)
Hi! Only if we will see nice pin bar pattern. Weekly ATR had passed so looks nice to buy brent oil now buy "stop buy order" in dynamic. In 4 hour time frame idea not seems good but... why not?
Crude Has been trading in a sideways zone from past some time but if we look at the bigger picture crude is facing resistance in its major resistance zone. Moving averages are now flat indicating the price is flat and upside momentum is lost. price is taking support from the trendline. If the trendlibe break there might be a posibilty that price might test its...
Price will climb until $ 42.15 will reject from there and once again climbs up and breaks this resistance levels and reach the Box resistance. Refer previous analysis/ check the related ideas.
Crude levels...03/09/2020 (1hr Candle)
Price trading inside a box which is $ 1 range. Now making symmetric triangle pattern and it might break on either side. Wait for the box breakout and enter the trade accordingly. If you are an aggressive trader then enter the market when price takes support from the symmetric triangle.
USOIL symmetrical triangle pattern formation in 30 mins TF
Buy crude oil for intraday trading keeping the sl 42$ for the target of 43.5 /43.8
Crude oil has made Decending Triangleon monthly chart since 2008 clear indication of a crash.
Midterm forecast: . While the price is below the resistance 43.60, beginning of downtrend is expected. . We make sure when the support at 37.15 breaks. . If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
USOIL Ascending triangle pattern formation in 30 mins TF
BPCL seems to take support from and important support level and bounced back. a bounce back trade can be initiated here with stoploss below 397 for target 440-450
Midterm forecast: While the price is below the resistance 46.30, beginning of downtrend is expected. We make sure when the support at 36.95 breaks. If the resistance at 46.30 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the...
Sell reliance with the sl 2200 currenty trading at 2117. Support at 1980. Use this support for target 1. If support one breaks next target 1900. 1900 is the good level to buy again.
buy gold with day low sl for target t1 and target t2