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
Crude levels ...07/06/2021 (1Hr candle)
US OIL 1D candle Strong Resistance at 66.32 from 2019 Current market trying to break this level from March This idea is only for educational purpose. A man who masters patience masters everything else.
If weekly close is above black horizontal line then crude may go up further from the current level...
Analysis of US oil in 30 mins time frame Breakout initiated, retesting took place for LONG Self explanatory chart For educational purpose. Feel free to share your views Trade at your own risk Like & share as a token of appreciation
Crude levels ...31/05/2021 (1Hr candle)😊
Ascending triangle kind of pattern is emerging with higher lows former on the lower end of slope. It gives strong support to idea that once it gives close above swing high resistance then next level could be 5700+. All EMAs are rising. Swing low will be the sl or close below the lower end of slope will be exit point. Disc : it's not an investment advice to buy or sell
A decisive break in of US OIL of 67 level can resume the uptrend. Gonna blast above that!
CRUDE levels ...24/05/2021 (1Hr candle)
Crude has breached daily pivot and now heading lower. Opened gap up and now ready to fill the gap and go down. Keep a SL above today’s high.
As you can see Crude oil in uptrend, if not break 4840 in forthcoming sessions, it may fall till 4586 to complete ABCD pattern and can get a reversal PRZ there in coming week. It is just for a view
Execute Short below 4850 if the RSI and price breaks the trendline downside with 15 mins candle close for a target of 65 points minimum. Kindly share your valuable feedback. Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Sell Crude Oil Below 4680 Strict SL - 4841 Target - 4550/4222/3800