clear fake out on weekly , then downturn , expecting it to go further down to $50 in coming 3-4 weeks .
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for 2nd entry setup, if available then short. R:R is 8 to 15 times.
Buy USOIL between 58.7 & 57.50 T1: 63.30 T2: 65.80 T3: 69.00 T4: 72.60 SL: 53.80
Crude has been moving sideways for the better part of the day and now looks poised for a down swing. The trade setup provides an excellent risk-reward ratio. Entry on break....still awaited. All the best!
There is a double bottom formation in the Crude oil weekly time frame , if the price closes above the entry point indicated in the chart we can take a long position with expected target indicated DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
WTI Crude OIL very long term analysis - www.researchgate.net
looking at the chart and price action combining fundamentals together I see gold could almost reach near to life high ( no where i say it will make a life high) IN NEXT 1 AND HALF YEAR ( 18 months) time period
BUY above 150 SL 149 Targets 152, 154, 155, 157, 158 OR OIL 26SEP 150 CE (₹6.60), 155 CE (₹1.70)
TREND ANALYSIS Trade Setup Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. R:R is 1:10++ MCX Crude Oil For Indian Commodity Market. So be Caution On long buildup in Crude Oil.
Touched the upper range of triangle as per chart , not showing strength , making an inverted hammer right on trendline resistance , expecting good downfall .
US OIL || Day chart analysis | #CRUDOIL #USOIL
On technical hand, Crude oil has formed a XABCD pattern, which gives strong trend reversal signal. The target would be as follows (shown by green dotted lines): T1: 55.29 T2: 53.62 T3: 52.93 T4: 51.73 Stop loss (shown by red dotted line): 56.67 On a daily time frame frame as well, crude oil has a pennant formation, which can break at a downside.