usoil daily chart analysis channel formation and flag formation take support daily time frame
Formed Bearish channel, Also a Head & Shoulder pattern. A breakout above 5220 Levels can give you a great trade. Target 1: 5520, Target 2: 5608, Target 3: 5702. SL: 5050. Trade only after the confirmation and as per your own risk.
Crude waiting for break out ..based on chart levels take trade...keep SL
USOIL consolidating in a range...a big move can be seen in a while
Oil History - Based on Spread USOIL & UKOIL How the spread has reacted during difference phase of Geopolitics of oil life in last 2 decades.
CRUDE OIL SEP short Sell at CMP- 5015 SL- 5045 Target- 4982, 4955 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
After Breaking the trendline from 25th March, the bull run is now in slowing down a bit. A good breakout and retest was seen and currently it's on a major support. If it takes the support, a small bull run can be seen till the nearest lower high. If it breaks, a good downfall can be seen.
crude oil immediate hurdle 5050-5060 weak only blow 4970...
CRUDE forms double top...once its break...its going up ...otherwise again its possible to reach 4900-4700
CRUDE now in double bottom...its only on intraday levels be careful...once gap up or gap down then chart invalid
Full bearish mode..... Strategy : Sell on rise.... Tradign levels... marked.... Happy Trading....
Go long on crude oil the target is the upper trend line and the stoploss is below the lower trend line.
Crude Looks Positional Target 62-58$ Cmp 68$ Short - below 65$ looks more weak.
Buy Crude Oil Sep Future below 4970, T1 - 5106, T2 - 5280. SL as per your risk profile.
A clear bullish flag pattern considering the number of times it has touches the resistance.
CRUDE complete the pattern...now its going to break pervious resiistence...so its possible to reach 5150+
Crude now exactly closed in previous support at 1hr candle...if close above 5045 again its possible reach 5100-5200
Long opportunity in USOIL with 1:2 risk reward ratio