USOIL parallel pattern at 15 mins time frame
USOIL Ascending parallel channel formation at 4 hour TF
USOIL Descending triangle pattern formation at 15 mins TF
Market story - USOIL formed rising wedge pattern at 4 hour TF and expecting to reach S3 zone in following days
USOIL Descending parallel channel at 1 hour TF
USOil Symmetrical triangle pattern breakout 15 mins TF
USOIL Symmetrical triangle pattern formation at 30 mins TF
USOIL Descending triangle pattern formation at 30 mins tf
USOIL Parallel channel formation in 1 hour TF
USOIL Descending parallel channel in 15 mins TF
USOil monthly chart on 06-12-2020
Midterm 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...
Crude levels ...07/12/2020 (1hr candle)
Important support and resistance areas for USOIL WTI CRUDEOIL for coming Monday 07th Dec 2020
analysis mentioned on the chart.
this is for study purpose only, not a recomendation .
According 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.