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)
Crude Oil WTI
#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
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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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CRUDE OIL Touched "Megaphone" Lower LevelGave sell call in crude oil has fully achieved given target. Now very crucial part -
Buy Crude Between 2775-2780 Strict SL - 2749
Sell Crude If Breaks 2749, Will Update SL & Target Once Breaks 2749.
Crude oil Buy / Sell Based on Fibo and Ganncrude oil sell at 2877 stop loss 2908 target 2823 / 2797
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CRUDE OIL "Megaphone" DetectedA very interesting pattern. Sell crude oil in range of 2900-2930 Strict SL - 2961 Target - 2775
Crude oil Buy / Sell Based on Fibo and GannBuy crude oil 2844 stop loss 2815 Target 2897 / 2924
Fibonacci and GANN always rocks follow us support us and research with us
