USOIL Ascending parallel channel formation at 4 hour TFUSOIL Ascending parallel channel formation at 4 hour TF
Crude Oil WTI
USOIL Descending triangle pattern formation at 15 mins TFUSOIL Descending triangle pattern formation at 15 mins TF
USOIL rising wedge pattern formation at 4 hour TF Market story - USOIL formed rising wedge pattern at 4 hour TF and expecting to reach S3 zone in following days
USOil Symmetrical triangle pattern breakout 15 mins TF USOil Symmetrical triangle pattern breakout 15 mins TF
USOIL Symmetrical triangle pattern formation at 30 mins TFUSOIL Symmetrical triangle pattern formation at 30 mins TF
USOIL Descending triangle pattern formation at 30 mins tfUSOIL Descending triangle pattern formation at 30 mins tf
WTI . Weekly Technical Analysis UpdateMidterm forecast:
43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 46.30, 48.70, 50.70 and more heights 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 66.
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USOIL WTI CRUDE LEVELS FOR MONDAY 7TH DEC 2020Important support and resistance areas for USOIL WTI CRUDEOIL for coming Monday 07th Dec 2020
MCX CRUDE OIL: Massive Rally is coming soonAccording to this chart, crude oil will keep moving forward and hit the following targets: 3600 - 4000 - 4400 - 4800 .
Here value 1 of retracement will react as support. And consecutive breakout of this support is a direct sign of a downtrend. It can be up to 0.886 (2982) to 0.786 (2735). You can use it as a target.
USOil parallel pattern formation at 1 hour time frameUSOil parallel pattern formation at 1 hour time frame
UPDATE: Identifying the Crude Oil Price Next Big MoveDid you read my 23 Nov report on crude oil?
Visit here: Identifying the Crude Oil Price Next Big Move
I had written in bold words, " smart investors can buy for 3260 - 3300 - 3360 - 3400 levels ".
Crude oil has touched the first three targets by making a high of 3376 levels.
Per lot, we have made a profit of 150+ points ( Rs.15,000+ ).
