We have bullish ABCD extended pattern already in Crudeoil, still we have minor patterns inside pattern we got, If break yesterdays high i will take sell entry as per attached setup. This is just my own idea. You take your own analysis to take this entry. GOOD LUCK!
as soon the News came out its Effect USoil Badly You can see clearly .. here is the next direction for Crude oil
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After an impulsive fall, crude oil is looking weak & vulnerable to break the recent low. One should go short on crude oil on current levels with SL of 74.9 & look for the target of 70.5-70.2 $ area.
Crude oil entered in a consolidation phase. Box pattern formed on H1 time frame. Missing volumes and low ADX . Breakout with high volumes possible.
In 4hrs timeframe we have bullish cypher in US crudeoil, but it came up without activate. If go down again to activate it is risky call to buy, i doubt it will take SL TOO. This chart just for observation
BRENT (Crude Oil):- 74.22 CMP, 80 to 90 zone (Multiple Resistance Zone) 1) Dow Theory (Downtrend Since 2008/2009) 2)Crude takes year to rise (But in pandemic its is rise too fast)
Crude Formed Round bottom. looking good above 5515, for target up to 5650 - 5675
After nearly 4 months of consolidation, US OIL about to break the crucial zone of 67-68 to witness 75 levels. The bullish momentum above that can zoom the price like anything!
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Crude oil need to reversed from cmp tgts marked blue color n sl marked in black color Take your own analysis before entry
Us Oil is in Daily Resistance after a breakout towards upwards it stared to give correction .Either it will be sideways for somedays otherwise it will reach upto 66 region in the daily breakout for retest then it will strated to push up
We already expecting Head n Shoulder pattern in Crude. Now we have Bearish Bat also hope fully we can get good profit. Entry n Exit SL marked in chart. Take your risk and enjoy
Let us have a look at USDWTI Crude Oil Chart Daily chart shows crude oil trading in the ascending triangle. WTI Crude Brake and sustain above 67 levels we can see the higher levels towards 74.25 levels which offers a very good risk reward as one can keep stop loss below 64 levels. From the weekly charts you can observe the WTI Crude Break Out already happened...
Strong Uptrending price , making HH HL. May break strong resistance at around 128-131, if oil produces from the eastern offshore field (tentative end of June).
CRUDE OIL POSITIONAL VIEW Symmetrical Triangle Breakout in Established Up-Trend RSI Sustaining above 60 Level Look it for Bullish Entry Above 5080 or Between 4900-4950 Target - 5300/5700 Stop Loss - Daily Closing below 4890