Intraday 1) Trendline & support at bottom 2) Take entry after the breakout
Crudeoil forming Flag pattern after a long waited Ascending triangle break. Its time for the price to break the channel and move forward in todays session.
Crude levels ...19/04/2021 (1hr candle)
Crude Sell At Cmp 4503 Strict SL - 4616 Target - 4000
Crude levels ...12/04/2021 (1hr candle)
VIEW: Crude oil appears to be ripe for down move... Structure/Pattern: Impulse + correction ==> Impulse ==> wave c/wave 3?
Some recovery seen post the crude oil inventory. The supports seen over the last two days seems to be fueling some upside. Repeated attempt to breach supports have proved futile. Now the pus to the upside is indicating possibilities of some rise in store.
Crude Oil is likely to find resistance near 4500 - 4520 As shown in the chart it is currently trading in a downward sloping channel. Till the time it is trading below 4620 there is a good chance we can achieve a target of 4100
Crude Levels...29/03/2021 (1hr Candle)😊
USOIL LOOKING BEARISH LETS SEE CHEERS!
Price trading near the resistance level and if the price closes above the resistance levels then one can expect big up movement. Wait for the opportunity.