Crude Oil WTI
Crude oil Buy / Sell Based on Fibo and GannBuy crude oil 3206 CMP 3212 Stop loss 3190 Target 3260 / 3303
WTI . Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 43.75, beginning of downtrend is expected.
We make sure when the support at 34.60 breaks.
If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 65 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains maximum to Major Resistance (43.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 60.
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Crude oil Buy / Sell Based on Fibo and GannBuy Crude oil at 3097 Stop loss 3087 Target 3149 / 3190
Have a happy trading
CRUDECrude oil has given a fresh breakout after weeks of consolidation. This breakout could test $ 45, 48 & 51 (INR 3250, 3500 & 3800) provided it does not retrace beyond $41.30 (3070)
#OIL #CRUDEOIL Corrective may be completeThe previous suggested trade triggered the Stop. The subsequent action still fits into a correction and so we should still look forward to strong action to the downside. This will be a final wave down and is usually sharp. Look for a move that should take the issue down by about 20%. The earlier projections will now change as this now looks like a Flat correction and may not head down to the previous targets. New targets are still way down
WTI on a reversal ... winter is coming and travel picking up$1.92 then $2.18 on to $2.68 where it likes to trade in limbo on consolidation. Once this blows past $2.68 it should run up to $3.69.
CRUDE OIL : is the Tsunami wave coming ?? 39.33 is the key level , if it holds crude oil will become CRAZY !! buy on dips suggested for present case !
USOIL short we can go for short after base line breakout..
SL seing high .. targets mentioned in chart
Crude oil#crudeoil if it breaks this zone, the next is 3250-3300. Watch out for 3040 level for Breakout
#OIL #CRUDEOIL - a 25% fall is nearThe corrective upmove should be at its last legs. We should now look for weakness and enter short. A move to under $30 is in the pipeline.
The subwaves on the minute chat also indicate a 1-2, 1-2 pattern which should now accelerate if the days high is not taken
Crude OIl Selling Zone is Arriving by Price ActionCrude oil have recorded the Same Bearish Zone for multiple times, again the same zone is expected to be the Supply Zone.
Sellers can be expected over that area and the Target is also mentioned.
Crude oil Buy / Sell Based on Fibo and GannSell crude oil at 2824 / 2835 Stop loss 2853 Target 2771 / 2745
Fibonaacci and GANN always rocks follow us support us and learn with us
WTI . Weekly Technical Analysis UpdateMidterm forecast:
39.70 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 39.70 is broken.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 39.50 on 11/05/2020, so more losses to support(s) 36.30, 34.60, 30.85 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 44.
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