Crude Oil WTI
USOIL Trading Plan - 16/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect USOIL to go UP after correction here.
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
Crude - negative divergenceCrude is currently in a good uptrend without any major correction. This seems to be a bit unrealistic as there are not major base formations.
It is forming a negative divergence with RSI moving down and the price is moving up . 9200 is the breakdown level. Once that level is broken , we can see 8800
9500 - Sell on Rise Levels
Crude WTI - LongWTI Crude is finally breaking out from what seems to be a very very important resistance zone, with Energy stocks already showing strong Relative Strength globally, this could be the cherry on the cake for what lies ahead with Crude. From a tight range is a break out happening which is a very good pivot point to take advantage off here.
CRUDEOIL FUTURES SWING TRADEHello, crudeoil fut swing trade buy above: 8,400 stoploss: 8,085 target: 10,000.
LOGIC BEHIND TRADE: Crudeoil has formed W p8attern on 1d chart & given breakout of resistance pull back buying strategy, (target identified from harmonic xabcd level 1.618) stoploss is taken low of resistance candle. Above 8,400 crudeoil if sustains can go upto all time high. MCX:CRUDEOIL1!