USOIL, Weekly analysis , Oct 19-23US Oil has been bullish right from October month , and hope it will continue the upside momentum to 42.00 price area.. this week it will have good upside move.
Crude Oil WTI
#crude one can long if breakout happen then it can go till above PRZ. anf if find reversal there then one can short from der
Crude Is good for both short and long at support and resistance Crude Is good for both short and long at support and resistance points
USOILDay pattern - Descending tri (down)
USOIL breakout rejected from the previous high, no bull power to move forward.
Should break the hour support & the support below to reach the target.
CRUDE - Have an Eye!Crude is forming a Inverse Head and shoulder - Waiting for the confirmation on Brakeout.
Just for educational Purpose.
-This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I have all the rights to be wrong on my views :)
Brent Crude Oil - Weekly technical analysis updateMidterm forecast:
46.50 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
A peak is formed in daily chart at 44.15 on 09/18/2020, so more losses to support(s) 36.95, 33.80, 19.40 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 34.
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#CRUDEOIL headed down in Wave C#CRUDEOIL should head down below recent lows in wave C as part of the correction following the break out from the ending diagonal .
USOIL Short I hope you can now see how USOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
CRUDE OIL (MCX) (SHORT)CRUDE IS FORMING A SYMMETRICAL TRIANGLE LIKE PATTERN - AND REJECTING AT FIB 61.8 - 50 % LEVELS GOOD PLACE FOR SELL....CRUDE IS IN SELL TREND BETTER GO WITH SHORT'S...
TARGET IS - 2800
STOP ABOVE - 2984
