ones it breaks b point with momentum and stay above that then target is quite big and if couldn't able to cross this line resistance then one can short
Midterm forecast: While the price is below the resistance 46.50, resumption of downtrend is expected. We make sure when the support at 38.90 breaks. If the resistance at 46.50 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: A trough is formed in daily chart at 38.90 on 10/02/2020, so more gains to resistance(s)...
US 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.
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 points
Expecting a long move confirm the breakout and enter
Day 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 levels...09/10/2020 (1hr Candle)
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 :)
Midterm 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...
#CRUDEOIL should head down below recent lows in wave C as part of the correction following the break out from the ending diagonal .
crude levels...05/10/2020 (1hr Candle)
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...
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