#USOIL it's possible to buy#USOIL waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
1st support:
71.55
Next Zone area & horizontal swing Low support
1st Resistance
83.88
Zone area & horizontal swing high resistance
Crude Oil WTI
Right direction is more important than speedHello Friends,
Hope you are doing well,
Today I am sharing a very little and simple fact, which is very much needed to survive long life in market and to be a profitable trader in market,
here we are talking about direction and speed because, when you’re heading towards right direction, every single step you take is real progress, but if you’re going in the wrong direction, every single step is pushing us in minus.
Direction can be decided by analyzing charts and Speed (position sizing) is decided as per money management rules,
One should always digest the initial level first, where he is, and also where he reaches next, one can only survive in market until capital is wiped out, so always remember, to save capital from losses is also gain.
The journey of a thousand miles begins with one single step, make sure that first step is in the right direction.
When making important decisions that have long-term implications like financial decisions, slow down and check carefully risk reward ratios and money management rules and carefully evaluate your available options before starting or executing it.
This post is just for educational purpose,
See you all next week. 🙂
RK 💕
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.
Bullish Butterfly in crudeoil 12-7-2022It is Bullish Buttrfly pattern seen crudeoil daily tf can give good reversal from 5906 zone marked in the chart.
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 horizontal lines: Green - Buy, Blue - targets, Red - 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.
Crudeoil Analysis on Daily Chart (Expecting Downside)As per my analysis, I have seen that crudeoil is travelling between this parallel channel from a long time and respecting the levels.
I am expecting more downside in the upcoming days in case bottom blueline will be break, please comment below your views about this analysis.
If you have any query, please feel free to post in comment section.
Disclaimer : Information provided here meant for study/education purposes only & should not intended to as a trading/investing advice.
#USOIL it's possible to buy#USOIL waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
1st support:
71.55
Next Zone area & horizontal swing Low support
1st Resistance
83.88
Zone area & horizontal swing high resistance
#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:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
Oil - LongOil Price is expected to average at around $92 within a few weeks. Then depending on the global cues at that time we can have a much clear idea about whether it is going to rally further or crash.
This is going to affect the profitability of the oil stocks in India and will affect their share price adversely.
www.thebalancemoney.com
#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:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
WTI: Bears Are Outnumbering BullsWTI has been forming a flat A-B-C correction.
According to Elliott's wave projection, the oil future looks bearish.
Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal.
The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal.
If you are a safe trader, you can trade after the breakdown of wave 4 at 110 . Your target will be 105-99-93 .
Aggressive traders can sell when the price falls below 119 .
If it goes above the parallel channel, wait for levels to appear.
Thank you
@Money_Dictators
#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:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
#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:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
#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:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
CRUDE OIL FUTURES: LONG FOR SHORT TERMHello,
Welcome to the quick update on CRUDE OIL FUTURES. It is currently trading at Rs 6430. After making a rally, it is currently retesting the last support.
We can see that it has taken support from Rs 6314 and it is acting as a strong support. We can take a long position in this future with a target of 6487, 6571, and 6715 for the short term and a long-term target of Rs 7039 to 7719.
ENTRY: 6381 to 6410
TARGETS: 6487, 6571, 6715, 7039, 7719
STOPLOSS: 6300
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.