39.33 is the key level , if it holds crude oil will become CRAZY !! buy on dips suggested for present case !
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.
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.
Price rejecting from the trend line, If breaks the trend line then it will reject from 41.30, if breaks this level then we can expect long . . .
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.
Price 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.
forming a triange pattern in 1hr TF expecting a long run, confirm and enter position
Weekly chart shows Long, should go Long positional for results. Enter at the hourly pattern breakout.
Price 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.
TVC:USOIL
We can go for long at the entry point .. safe player can enter only after tribble top area . Have a profitable day
Bullish 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
We must wait for the OPEC reports, which are speculated to be positive for the oil industry, with cuts in production and also the increase in industrial consumption motivated by the economic reopens that are taking place little by little. This generates a positive expectation for the rise in the price of futures and CFDs with possible levels that point to the...
According to my view USOIL is at 61.8% Retracement (correction) in Daily candle closing basis. This is based on basic technical analysis with support and Resistance/Supply & demand using Fibonacci Retracement as an entry level and Fibonacci extension for target level. As per my view it will reach to 32.90$. As we know USOIL if spot price for crude oil futures in...
Trend Line reversal cum Hammer in 1 hr confirmed by green candle, buy btw 58.90-59.30 hold for 1 week target of 63.10.. stoploss point 58.20 on day closing..
TVC:USOIL ...Hmmm... Now Short, Then Long . . .
Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 50.99 on 10/3/19. The 4 hour is turning up from there. Ideally while a pullback remains above the 60.62 lows where the hourly right side is up it can see the 66.00 area in wave (1) cycle from the 10/3/19 lows.