sl provided and must be folloowed strictly
Crude Oil might head towards $54 & below levels if the given breakdown is sustained
USOIL has formed a bullish candle and looks good for breaking out the contraction zone....
Short USOIL below 57.20 SL: 58.80 Will update targets once the trade is active
Short Crude Oil with SL 57.40... it can go 1 to 1.5 $$$ down.
The meteoric rise that we have witnessed over the past two months in this counter by 80% has been nothing short of a spectacle. However, now it looks like the paint is beginning to loose its sheen and the formation of bearish harami with a trendline breakdown is hinting at a potential reversal to the downside. The momentum indicator RSI is clearly signaling serial...
USOIL Should break the supply zone and increase the price to the above trendline and come bank in a week time.
TVC:USOIL See break the the triagle to going up, Thank God
USOIL made a LL on the 4H and I now expect it to move lower for the C leg down.
TVC:USOIL Using supply and demand concepts
As we can see on the chart, USOIL is trying to break out of the wedge. Once its successful in doing so, we can expect a good upmove. We may look for long trades in shorter timeframes.
Crude can go up to 3872 and more...CMP 3825 .
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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...
Buy USOIL at CMP (51.55+) T1: 58.40 T2: 60.25 T3: 63.00 T4: 66.00 SL: 50.45