Usoilanalysis
US OIL / big rally (2.57%) in 2 hourUS OIL 🛢 gave a 2.57% in short time going to reach our previous analysis of double bottom neckline if it brake neck line so we can expect a huge uptrend
NOTE :
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US OIL / DOUBLE BOTTOM IS IT RIGHT TIME TO INVERST IN GOLD ?????US OIL formed double bottom so wait for break and close above neck line 77 $ if its valid we can expect the target of 85 $ and sec target 90 $
USOIL Us Oil is in Daily Resistance after a breakout towards upwards it stared to give correction .Either it will be sideways for somedays otherwise it will reach upto 66 region in the daily breakout for retest then it will strated to push up
Usoil - Strong up movementPrice breaks the trend line strong and trying to break the first resistance to reach the second one which is seen more stronger than its counterpart.
As if now things looking good for those who took long position well before, for the new entries wait for the price to break and close above the first resistance for the target of second.
USOIL - Expect Trend line breakPrice moving inside a small box after the big up movement, in other words price is getting ready for a big movement when it breaks the box.
Price now reached the bottom of the box and one can expect the price to break the trend line and reach the top of the box.
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Usoil - Longest view !!! :) Price gently rejecting from the trend line for a long period of time and now the price will reach the trend line to make or break !!!
Traders can have a better look when it reaches the trend line, as if now you know what to do positionally !!!
USOIL $ 39.20 close above go for Buy. Price forming symmetric triangle and trading at the support levels, if you find reversal pattern then go long else wait for close above 39.25 and go long and your target will be the top trend line or even you can wait for the breakout till $ 42.
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.
$ 40.50 resistance is the key for USOIL.Price rejecting from $ 40.50 continuously and at the same time price is making higher low which shows the bullishness in this script. Required pressure is building up by squeezing the price and also it is reaching the breaking point.
If breaks 40.50 then 41.50 should be the target and the ultimate target for this break should be $ 42.
Flat bottom - Price on support.Price after the triangle breakout now forming flat bottom raising trend line pattern and currently trading near the bottom support.
In lower time frame it is a channel pattern and inside it is forming a triangle. AS this platform is not allowing to post all the time frame analysis in single post I will post it in comment section.
USOIL - 41$ will be crucial pointPrice after a short uptrend consolidating to form a Flag pattern and if breaks the important level of 41$ then we can expect the flag target mentioned in the chart.
Wait for the break or trade the channelPrice inside the channel either wait for the breakout or trade the channel, that is short when reaches the channel top and long when reaches the channel bottom.
USOil once again triangle pattern Once again (4th time in a row ) Usoil is making a symmetric triangle, breakout may happen both the direction. Wait for the break and enter the market.
Look for small reversal from this point. Price after a big fall will reverse a little for sure, so just try to capture that reversal after conforming that in lower time frame and enter long and exit as soon as you are in profits.
$ 42.15 acts as resistance. Price will climb until $ 42.15 will reject from there and once again climbs up and breaks this resistance levels and reach the Box resistance. Refer previous analysis/ check the related ideas.
$ 1 trading range for the few days.Price trading inside a box which is $ 1 range. Now making symmetric triangle pattern and it might break on either side.
Wait for the box breakout and enter the trade accordingly. If you are an aggressive trader then enter the market when price takes support from the symmetric triangle.
US oil/ WTI crudeoil Chart We can go for long at the entry point .. safe player can enter only after tribble top area .
Have a profitable day
CrudeOIl pullback awaitingBullish any pull back to 39.5 will be bought into with a Stop of Below 38..
Upside we will soon see 43 and 45 levels
USOIL ASIA TRADE SETUPTechnical Analysis- The 4 hour is down against 1/08/2020 peak (63.87). 1 hour is turning down. However, while near-term dips remain above 6.59 low expect OIL to extend higher to correct the cycle from 1/08/2020 peak in 3, 7 or 11 swings before downside resume. We prefer selling the bounces in 3, 7 or 11 swings at the extreme areas.
Sell USOIL
@26.10-40
TP: 25.00
Tp2: 23.00
SL: 27.00
Good luck !
USOIL (CRUDE OIL) Weekly Forecast he weekly is turning up. The daily right side is down against the 76.96 highs from 10/3/18. The 4 hour right side is down against 65.78. While below the 4/3/20 highs where the hourly is turning down it can see weakness toward the 16.00 area before correcting the cycle from the 4/23/19 highs.
