AS RIGHTLY SAID BUY THE DIP AND STOCK TO CREATE WEALTH.As updated in the charts we still expect continued downfall in oil before it further shoots up for a new life time high TVC:USOIL .
It’s the right time to stock oil . we recommend buying in it from 86 levels with a stop loss of 64 .
Thank you so much .
Crude Oil WTI
EURUSD Macro and Technical ViewPoor macros, #Gas prices continue to rise and the risk of rationing and high prices continue to haunt the continent. European gas contract are near to click a fresh all time high. On technical terms we can see multiple descending trendlines pushing the pair down . The fall below parity and quick 3 day short covering pushed #EURUSD to 1.02700. Current trading range for the pair is 1.02700 - 1.02000 and a break above or below that will decide further action. Technical Structure and Macro factors are signaling bearish action for upcoming days.
#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:
82.68
Next Zone area & horizontal swing Low support
1st Resistance
99.68
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:
89.10
Next Zone area & horizontal swing Low support
1st Resistance
120.65
Zone area & horizontal swing high resistance
USOIL Trading Plan - 02/Aug/2022Hello Traders,
Hope you all are doing good!!
I expect USOIL to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
#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:
89.10
Next Zone area & horizontal swing Low support
1st Resistance
120.65
Zone area & horizontal swing high resistance
MCX- CRUDE OIL - 15 min SellMCX Crude Oil Futures MCX:CRUDEOIL1! giving signs of exhaustion after recovering from downfall .
expecting the fresh sell off trend to begin for potential targets zone . As per the Pattern expect the selling pressure to remain below 7800 levels .
Do Comment , share and "LIKE" if you find this info valuable to use .
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
MCX- CRUDE OIL - Chart AnalysisMCX:CRUDEOIL1!
MCX : CRUDE OIL FUTURES (Trade Setup on Hourly Charts)
A Buy Setup is emerging for Long Trades with suggested Stop loss levels on chart . Interested members can look into it or analyse the trend as it unfolds . Not a recommendation to buy/sell .
Do "LIKE" the analysis if you like to appreciate my work . Attaching many related ideas i posted in recent time for ready reference :)
Happy Hunting ,
Chintamani.